DALLAS, TX -- Global flexible electronics market is expected to reach $13.23 Billion by 2020 at an estimated CAGR of 21.73% with the number of applications using printing processes for flexible electronics forecast to grow at a good rate. Major market drivers for flexible electronics include the possibility to add new functionalities like conformability for OLED lighting (for the automotive industry), for OPV (energy harvesting), Robustness for small OLED displays (for smart phones & tablets) as well as feasibility to create new applications like wearable electronics.
Flexible electronics is a field in which the integrated circuits are built on substrate like plastic or metallic foil, which can be folded, wrapped, twisted, or rolled without affecting its electronic function. The flexible electronic market is growing with highly increasing demand rate due to its flexible handling capability and reduced assembly costs. The flexible electronic devices have started penetrating in different applications in the sectors such as consumer electronics, medical and healthcare, and power and energy, automotive and defense.
This research study, "Flexible Electronics Market by Components (Display, Battery, Sensor, Photovoltaic, Memory), Circuit Structure (Single-Sided, Double-Sided, Rigid) Application (Consumer Electronics, Healthcare, Automotive, Energy and Power) & Geography - Analysis & Forecast to 2014 - 2020", available at http://www.rnrmarketresearch.com/flexible-electronics-market-by-components-display-battery-sensor-photovoltaic-memory-circuit-structure-single-sided-double-sided-rigid-application-consumer-electronics-healthcare-automot-market-report.html, focuses on various component segments such as; flexible display, flexible battery, flexible sensor, flexible memory and thin film PV (CIGS); the market for printed memory component is expected to grow at a higher CAGR in the forecast period.
The emerging consumer electronics market is expected to grow at a CAGR of 44.30% in the forecast period. North America is the biggest flexible electronics market, followed by Europe and APAC. The development of flexible electronics has spanned the past few years, ranging from the development of flexible solar cell arrays to flexible OLED electronics on plastic substrates. The rapid development of this field has been spurred by consistent technological development in large-area electronics, thereby developing the areas like flat-panel electronics, medical image sensors, and electronic paper. Many factors contribute to the rise of flexible electronics they are more ruggedness, lightweight, portable, and less cost, with respect to production as compared to rigid substrate electronics. Basic electronic structure is composed of a substrate, backplane electronics, a front plane, and encapsulation. To make the structure flexible, all the components must bend up to some degree without losing their function. Two basic approaches have been adopted to make flexible electronics, that is, transfer and bonding of completed circuits to a flexible substrate and fabrication of the circuits directly on the flexible substrate.
Companies profiled in this flexible electronics market report include LG Electronics, Samsung Electronics Co. Ltd., 3M Co., First Solar, Multi-Fineline Electronix Inc., Pragmatic Printing Limited, Solar Frontier K.K., E Ink Holdings Inc., Cymbet Corporation Inc, Front Edge Technologies, Thinfilm Electronics ASA, Solicore Inc and GE Measurement & Control Solutions.
The report also draws the competitive landscape of the Flexible electronics industry by analyzing the major players and the strategies adopted by them for growth in the market. Apart from the market segmentation data, the report also includes qualitative analysis of various market dynamics such as the drivers, restraints, opportunities, burning issues, and winning imperatives. The report includes profiles of major market players in the global flexible electronics market with their respective market share analysis.
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