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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