Growth opportunities in the Flexible Electronics Market look promising over the next six years. This is mainly due to the rising consumer demand for light weight and transferable products and their wide usage in consumer and industrial products.
Flexible Electronics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Swift industrialization, augmentation in the consumer electronic industry, and accelerating demand for lighter, portable and adaptable smart electronic products and wearable devices are some of the prominent factors driving the growth of the global flexible electronics market. Also, the surging inclination towards adjustable display panels in tablets, television, signage, smartphones, and smartwatches for better exquisite fascination, transportability, and economical production and strength will further strengthen the flexible electronics market size.
Additionally, as per the flexible electronics market report, these electronics are implemented across a broad range of both consumer and industrial products which include displays, human and health performance equipment, smartphones, agricultural and environmental sensors, safety tags, sensor componentry in cars and airplanes, and strain gauges in bridges and tools. The incorporation of artificial intelligence, data analytics, and the Internet of Things (IoT) to enhance digital intelligence will bring enormous growth opportunities for the market. However, the wide accessibility of traditional, inflexible electronic products will hamper the market growth. Furthermore, the excessive time-consuming and complicated production process, along with the inflated cost of circuit design, photographic plate, and wiring employed in these electronics, may further restraint the market growth.
Application Segment Drivers
Based on the application, the display is projected to dominate the market during the forecast period. This is primarily owing to the mounting demand for power saving and flexible display-based consumer electronics, the acquisition of Organic Light Emitting Diode- (OLED) based displays, and their expanding usage in smartphones, laptops, notebooks, desktops, smartwatch, wearable electronics, television, digital signage, e-reader. Moreover, they are easily bendable, shatter-proof, ultra-thin, lightweight, unbreakable, portable, and energy-efficient than the conventional display technologies, which further bolsters the market growth.
Regional Drivers
Based on regional coverage, Asia-Pacific is predicted to witness a higher CAGR over the forecast period. This is primarily attributed to the growing industrialization, accelerating penetration for electronics including cell phones, television, smartwatches, and laptops, and escalation in the manufacturing industry. Moreover, according to the India Brand Equity Foundation (IBEF), the electronics market in India is forecasted to expand at a CAGR of 24.4 percent by 2020. This will further supplement the market growth.
Flexible Electronics Market’s leading Manufacturers:
- Elephantech Inc.
- AU Optronics Corp.
- Royole Corporation
- LG Electronics Inc.
- Blue Spark Technologies
- FlexEnable Limited
- PragmatIC Semiconductor Limited
- Imprint Energy
- Samsung Electronics Co., Ltd.
- E Ink Holdings Inc.
Flexible Electronics Market Segmentation:
Segmentation by Application
- Sensing
- Lighting
- Display
- Others
Segmentation by End-User
- Consumer Electronics
- Automotive
- Healthcare
- Military and Defence
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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