Flexible
electronics also called as flex circuits comprises of organic substances as
substrates in the array of devices. They established significance in healthcare
and medical, defense and wearable electronics sectors and changing the way of
using electronics.
Technological
advancements in electronics and semiconductors offer the advantages in terms of
product shape, light weight and durability of flexible
electronic devices. Increase in funding in research and development in
order to develop light weight and durable electronic devices has intensified
the market growth.
Rapid pace
in urbanization across the globe and growing preference for consumer towards
handy, lightweight and durable electronic devices and rise in adoption of
energy efficient and advanced electronics are likely to propel the growth of
flexible electronics market in near future.
Moreover,
importance of flexible electronics is growing in industries and government
organizations owing to rising need for advanced, durable and energy efficient
electronics. Growing trend of wearable electronic devices among the youth and
increasing demand for energy efficient modular lightening systems in various
sectors such as healthcare, automotive, etc. are some of the key elements
driving the growth of flexible electronics market.
Wide-scale
applications and numerous flexible electronics option are some of the vital
features of flexible electronics which aims to save energy and is enhancing the
experience of user.
Market Segmentation
Our
in-depth analysis segmented the global market in the following segments:
By
Component Type
Display
OLED
Displays
Electro-chromic
Displays
Electroluminescent
Displays
Other
Displays
Battery
Sensors
Memory
Conductors
OLED
lightening
Others
(photovoltaic)
By
Application Type
Consumer
electronics
Televisions
Wearable
Devices
Smartphone
Others
Healthcare
Automotive
Industrial
Others
By
Region
Global
Flexible Electronics Market is further classified on the basis of region as
follows:
·
North
America (United States /U.S. & Canada)
·
Latin
America (Brazil, Mexico, Rest of Latin America)
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe)
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
·
Middle
East and North Africa (MENA)
·
Rest
of World
Growth Drivers and challenges
The market is majorly driven on the
back of factors such as rising popularity of flexible electronics, increasing
adoption of advanced and energy efficient electronic devices, availability of
numerous flexible electronics according to the requirements of users and
enhancement in user experience, which will further likely to adopt flexible
electronics. Rising demand for advanced consumer electronics in growing
economies, increasing adoption of flexible electronics on account of rise in
personal disposable income, rising concern towards energy efficient and durable
electronic devices, availability of low cost flexible electronics are some of
the major factors which are expected to swell the demand for flexible
electronics across the globe in near future. Apart from this, rising
industrialization across the globe sequentially raise the need for energy
efficient and durable electronics such as displays, lightening, etc. Flexible
electronics benefit the organization in the direction of development.
Rise in
technological advancements and emergence of automotive and healthcare sector
across the globe are adopting high-end display and lightening technology in
order to save energy and update with new technology flexible electronic devices
which are likely to bolster the demand for flexible electronics over the
forecast period i.e. 2017-2024.
However,
presence of stringent regulations regarding the manufacturing of flexible
electronics, lack of awareness in slowing economies and high cost of flexible
electronics are likely to hinder the growth of flexible electronics market over
the forecast period i.e. 2017-2024.
Market size and forecast
The global
flexible electronics market reached around USD 5.2 Billion in 2016 and the
market is expected to reach around USD 17.2 Billion by 2024. Further, the flexible electronics market is
projected to register a CAGR of 19.7 % during the forecast period 2017-2024
globally.
Growing
trend of wearable flexible electronics and rising personal disposable income in
emerging economies are likely to foster the demand for flexible electronics in
near future.
Geographically,
Asia-Pacific is expected to showcase a tremendous growth in the market of
flexible electronics across the globe in near future. The market is has been
driven by presence of key players in Asia-pacific regions such as Philips,
Samsung, etc. and rapid urbanization which led to increase in demand for
consumer goods in near future. Factors such as government initiatives towards
saving of energy by adoption of energy efficient advanced electronics and rise
in personal disposable income in growing economies such as China, Japan, and
India are expected to boost the demand for flexible electronics over the
forecast period i.e. 2017-2024.
Likewise,
North America is expected to account the largest market share in terms of
revenue in overall market of flexible electronics across the globe. The market
of North America region is expected to uplift on the back of introduction of
advanced low cost flexible electronic devices such as smart watches, eBooks,
smart glasses and rising adoption of energy efficient consumer goods.
Key Players
The key
manufacturers of flexible electronics market as follows:
·
LG
Corporation
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Samsung
Electronics
·
Cambrios
·
BASF
·
DaiNippon
Printing
·
ACREO
·
Cymbet
Corporation
·
Solar
Frontier
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The Global
Flexible Electronics Market is segmented as follows:
·
By
Components type Market Size and Y-O-Y Growth Analysis
·
By
Application type Market Size and Y-O-Y Growth Analysis
By
Regions
·
North
America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
·
Latin
America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth
Analysis
·
Western
and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest
Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y
Growth Analysis
·
Asia-Pacific
(China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia)
Market Size and Y-O-Y Growth Analysis
·
Middle
East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
·
Rest
of World Market Size and Y-O-Y Growth Analysis
Market
Dynamics
Supply and
Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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Email:
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