Global Flexible Electronics Market Set to Grow at Healthy CAGR of 11.3% by 2025

Posted by peeterdbmr on November 27th, 2019

global flexible electronics market accounted for USD 18.05 billion in 2017 and is projected to grow at a CAGR of 11.3% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Flexible electronics, also called as flex circuits, is a technology for gathering electronic circuits by mounting electronic gadgets on adaptable plastic substrates, such as polyimide, PEEK or straightforward conductive polyester film. Moreover, flex circuits can be screen printed silver circuits on polyester. Flexible electronic circuits can be made by utilizing indistinguishable parts for inflexible printed circuit sheets, enabling the board to fit in with a coveted shape.

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Competitive Analysis: Global Flexible Electronics Market

The global flexible electronics market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of flexible electronics market for global, Europe, North America, Asia Pacific and South America.

Key Players: Global Flexible Electronics Market

The renowned players in flexible electronics market are Samsung Group (Samsung Electronics and Samsung SDI); LG Group (LG Display and LG Chem), Solar Frontier, First Solar; Panasonic; Konica Minolta; OLEDWorks; Blue Spark Technologies; BrightVolt (US); Heliatek, Cymbet, Palo Alto Research Center, Thin Film Electronics, Royole Corporation, FlexEnabled,  Enfucell, Planar Energy Devices, Imprint Energy, E Ink Holdings, Ayla Networks, greenTEG, NextInput among others.

Market Segmentation: Global Flexible Electronics Market

The global flexible electronics market can be segmented in vertical, application and geographical segments.

• Based on vertical, the market can be segmented into consumer electronics, energy & power, healthcare, automotive, military, defense and aerospace, industrial and others (building automation, smart packaging, environment monitoring, communication hospitality, sports, and research).
• Based on application, the market can be segmented into display, Thin-Film Photovoltaics (PV), Printed Sensor, Battery, OLED Lighting and others (E-Textiles, Memory, ICs, Logics, and Antennas)
• Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Market Drivers and Restraints:

• Flexible electronics and circuits reduce the size and weight of any electronic device.

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