The Global Market for Flexible Electronics is Projected to Reach US$16.3 Billion by 2022
Soaring Demand for Lightweight, Bendable and Low Cost Electronics
Drives Growth in the Global Flexible Electronics Market, According to a New
Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments trends, growth drivers, market share, size and
demand forecasts on the global Flexible Electronics market. The global market for Flexible Electronics is
projected to reach US$16.3 billion by 2022, driven by the growing demand for low cost, lightweight, bendable electronics
and robust developments in printable electronics technologies such as 3D
printing, ink-jet printing and roll-to-roll imprinting.
Flexible
Electronics is a progressive technology aimed at facilitating development of
electronic systems on inexpensive flexible substrates like plastics folded,
curved, rolled, bent and stretched designs, while addressing the issues and
challenges that persist in manufacture of miniature, compact and portable
devices. Flexible Electronics integrate flexible passive components and active
components in electronic system processing and are offered in various forms including
flexible electronic displays, batteries, sensors, memory and photovoltaics (PV)
among others. The market is mainly driven by increasing demand for lightweight,
compact and energy-efficient electronic solutions that fulfil the underlying
requirements of improved convenience, comfort and cost economies in contrast to
conventional electronic systems.
Increased emphasis on
low-footprint, ultra-thin, low-volume materials in electronics manufacturing,
and ongoing proliferation of new generation devices such as smartwatches and
other wearables, smart healthcare products, and advanced PV platforms is
fuelling momentum in the Flexible Electronics market. Further, Flexible
Electronics market stands to benefit from rising interest in sensor-driven,
inter-connected Internet of Things (IoT) platforms. Flexible Electronics integrate
all the capabilities to support the IoT environment that typically requires
low-power, low-footprint electronic solutions with extended battery life and
economical and eco-friendly operation. Sustained R&D efforts from research
entities and electronics manufacturers along with governmental R&D funding
in countries such as Japan, China, Taiwan, South Korea and the EU would be
critical for future growth of flexible electronics. Currently, flexible
displays segment represent the largest segment in the Flexible Electronics market.
Steady shift in display manufacturing from glass to plastics, soaring demand
for display based technologies in consumer, commercial and industrial markets,
and increased usage of LED, OLED and e-paper displays is contributing to higher
adoption of flexible displays. On the other hand, flexible batteries are
gaining traction amid growing emphasis on innovative battery solutions
incorporating energy-efficient, compact, extended lifetime, and shorter
charging cycle features. Similarly, flexible sensors are being utilized in
biometric, gesture recognition, contactless control, health monitoring and
fitness tracking applications.
As stated by the new
market research report on Flexible Electronics, Asia-Pacific represents the largest market worldwide. Trailing at a
CAGR of 28.8% over the analysis period, the region also ranks as the fastest
growing market led by factors such as an established electronics manufacturing
base and growing demand for high-quality electronics systems.
Major players covered in
the report include 3M Company, BASF SE, Blue Spark Technologies, BrightVolt
Inc., Cymbet Corporation, Dai Nippon Printing Co. Ltd., E Ink Holdings Inc.,
Fujikura Ltd., Japan Display Inc., LG Electronics Inc., Multi-Fineline
Electronix Inc. (MFLEX), Nippon Mektron Ltd., Nitto Denko Corporation, Plastic
Logic Germany, Pragmatic Printing Ltd., Samsung Electronics Co. Ltd., Sumitomo
Electric Industries Ltd., Thin Film Electronics ASA, and Zhen Ding Technology
Holding Limited among others.
The research report titled
“Flexible Electronics: A Global Strategic Business
Report” announced by Global Industry
Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market
estimates and projections of revenues for all major geographic markets such as
the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and
Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), and Rest of
World. The report also analyzes the market for flexible electronics by
Application types - Electronic Displays, Batteries and Others (Includes
Sensors, Photovoltaic and Logic/Memory among Others).
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
All Rights Reserved.
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