Flexible Electronics Market: Global Industry Insights, Market Size Estimationand Growth Forecast, 2017 – 2025

Flexible Electronics Market - Introduction

Flexible electronics market is expected to grow at exponential rate in coming years. Flexible electronics is a specific technology that involves assembling of electronic circuits into flexible plastic substrates by mounting electronic devices that is used for the purpose of interconnecting electronic devices. Flexible electronics market globally is segmented in terms of circuit structure, component, applications and geography. These electronics have growing applications across different industry verticals such as energy, healthcare, consumer electronics and defense among others. The reduced cost structure along with growing applications across all these industries will act as some major push factors that are helping in the growth of this industry. Technological advancement along with growing usage of organic materials has also acted as catalyst for the growth of this industry.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By circuit structure, application, component, region
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

Flexible electronics technology is growing because of its functionality that includes bending, folding, stretching and rolling making the components more durable. For this organic electronics market uses manufacturing processes that involves printing as well as lithography technologies. It is done through combination of multiple functionalities such as photolithography that fabricates structures on a smaller scale along with usage of flexible substrates. Roll to roll processing used for this technology uses large area electronics manufacturing that is used for the mass production of roofing panels and x-ray imagers has further contributed to the growth of this industry.

 

Market Dynamics

As of 2016, it is the growth in the consumer electronics industry that forms major factor for the rise in demand of this flexible electronics market globally. It is the low cost of production that becomes another crucial factor for the growth of this industry. Use of flexible circuitry is also increasing because of reduction in size and weight of the final product. This technology further helps the manufacturers as it allows increase in circuit density thereby eliminating bulky wiring making it easier for applications across different industries. Moreover, it is the added ability of folding the circuit that enhances the areas of design and packaging for the manufacturers making all this crucial factors to drive the overall demand for this market globally. Considering all these drivers it is the presence of certain restraints such as brittleness of the product along with the product being highly conductive that negatively impacts the demand for this market globally. In addition to this, it is also the complexity involved with the fabrication process that also creates challenges for the manufacturers further impacting the overall market demand for flexible electronics.It is growing business opportunities associated with the application of this product in wearable devices and smart labels will provide future growth opportunities for this market.

 

Market Trends

Owing to technological advancement, there has been a growing demand for consumer electronics that is boosting the overall growth of flexible electronics industry. It is also the applications of flexible electronics in printing industry that is contributing to the overall growth of the market. Presence of large manufacturers for semiconductors along with availability of raw materials makes Asia Pacific a strong base for production of organic or flexible electronics.

Market in Asia Pacific will continue to remain one of the fastest growing regions.

In the coming years, it is expected that there will be a steady growth for this market in Asia Pacific and it will continue to remain one of the fastest growing regions owing to the growing application of this technology across various industry verticals. The overall market for this industry is fragmented owing to presence of large number of players who are present in this industry.

 

Segmentation Overview

By circuit structure, the flexible electronics market has been segmented into single-sided flex circuit, double-sided flex circuit, and rigid flex circuit among others. On the basis of components, the global flexible electronics market is divided into flexible display, flexible sensor, flexible battery and flexible memory among others. By application, the market has been segmented into consumer electronics, healthcare, sensing, defense & aerospace, automotive, energy & power etc. In 2016, flexible display and sensors form some major segments having huge applications in consumer electronics, aerospace & defense sectors among others.By geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. In terms of revenue, North America held the largest share for this market along with Asia Pacific being the fastest growing segment during the coming years. Growth of wearable technologies contributes to the rise in demand for this market in North America and Europe whereas the growth of Asia Pacific flexible electronics market is driven by presence of numerous number of manufacturing facilities for semiconductors and electronic products.

Market Segmentation Overview
By Term Segments
By Circuit Structure Single-sided flex circuit, double-sided flex circuit, and rigid flex circuit among others
By Application Consumer electronics, healthcare, sensing, defense & aerospace, automotive, energy & power etc
By Component Flexible display, flexible sensor, flexible battery and flexible memory among others
By Region North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America

 

Competitive Landscape

Leading players operating in the flexible electronics market are 3M (The U.S.), E Ink Holdings Inc. (Taiwan),ITN Energy Systems Inc. (The U.S.), PARC (The U.S.),Thinfilm Electronics ASA (Norway), Samsung Electronics Co., Ltd. (South Korea),First Solar (The U.S.),GE Measurement & Control Solutions (The U.S.) and LG Electronics (South Korea). In North America and Asia Pacific, there are multiple players that produce flexible electronics and have significant share in 2016. As compared to North America, Europe and Asia Pacific, concentration of flexible electronics is low in Middle East and Africa and Latin America.

 

Conclusion

It is growing demand for technologically advanced products along with rise in demand for consumer electronics that is supposed to act as some major factors to accelerate the demand for flexible electronics market in the coming years. Furthermore, growing market penetration along with low cost of manufacturing makes for some other important factors that will boost the demand for this market. Strong impact of the push factors is likely to help in the overall growth of this market in the coming years.

KEY QUESTIONS ANSWERED BY THE REPORT
What will be the nature of growth of the market till 2025?
What are the major push factors that will affect the growth of the market?
What are the growth possibilities in different segments of the market?
Who are the leading market players?
What are the key strategies implemented by the market leaders to sustain growth in the market?
What are the major restraining factors for the market?
What are the ways to generate new revenue streams?
In-depth analysis of the competitive landscape and competitor behavior in the market

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