Global Flexible electronics Market (2017-2024)- Research Nester
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
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- 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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