Global Flexible Electronics Market by Components (Display, Battery, Sensors, Memory), by Application (Industrial, Automotive, Consumer Electronics, Healthcare) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global flexible electronics sales are expected to surpass USD 87.21 million by 2024. The factors that contribute to this growth are ruggedness, portability and light-weight. They also have lower production costs than rigid substrates. Because of their ability to bend, roll, bend, conform, fold and conform, these devices have great potential to influence adoption in entertainment and gaming industries.

Asia Pacific flexible electronics market, 2013-2024 (USD million)

This industry will see the convergence of wearable technology and flexible electronics. This could be a significant technological breakthrough in this sector. Organic electronics could also offer sensors for non-display applications, such as gesture recognition, contactless control and biometric sensor arrays. There is a growing competition from commercialized technologies like LCD, LED, and others. Market growth is expected to be stifled by rising competition from commercialized technologies like LED, LCD, etc.

Many governing bodies and institutions regulate the market. Companies are required to patent the design and fabrication of their products under the Design Rights Regulations 1989. These regulations are also protected by the Regulations Under Copyright, Design and Patent Act. The use of health monitoring devices will be fueled by increasing health awareness and rising demand for high-tech wearable devices.

Component Insights

Displays, sensors, memory, and batteries are all part of the component segment. The display segment accounted for more than half of the market and generated the most revenue in 2015. In the next eight years, high application penetration in smartphones and notebooks, laptops as well as desktops, desktops and e-readers is expected to drive demand. Segment growth will be influenced by features such as power efficiency and microsecond switching rates between pixels.

Over the forecast period, the battery segment will experience moderate growth with a CAGR of over 15%. The rise of Internet of Things (IoT), and the implementation of it in wearables, environmental sensors, and other devices, demand compact and energy efficient products. However, these applications require battery designs that are smaller than traditional batteries, especially regarding size and power consumption. Over the next eight years, emerging needs such as cost efficiency, durability, compactness and reliability, along with flexibility, will drive demand.

Application Insights

Consumer electronics, automotive, healthcare and industrial are key application areas. Further, consumer electronics can be classified as smartphones, wearable devices, or televisions. This segment was responsible for more than 55% of overall market share in 2015. It is expected to continue this trend over the next few decades. This is mainly due to widespread use of this technology in smartwatches and tablets, epapers, ebooks, etc.

From 2016 to 2024, the healthcare market is expected to grow at a CAGR of more than 8%. The segment's growth is expected to be driven by increased usage of x-ray detectors and light therapies, lab on-chip devices, smartplastics, healthcare photonics and health monitoring devices.

In 2015, the automotive sector was responsible for more than 12% of total revenue. It is expected that the industry will continue to grow over the next eight year. This technology will revolutionize car design, from the dashboard to central console.

Regional Insights

In 2015, North America was responsible for more than 30% of global revenue. This region is home to many research universities that are involved in projects related to technology. The region's growth will be fueled by the presence of key players who have the expertise, process technology, equipment and intellectual property relevant to flexible electronics.

Asia Pacific will experience bullish growth with a CAGR exceeding 17% between 2016 and 2024. This could be due to the existence of large industrial groups that have extensive manufacturing capabilities in segments reliable relevant to the production and use of flexible electronic devices.

In 2015, the Europe flexible electronics market was worth more than USD 5 billion. The EU funded research projects, which include a wide array of innovative technologies, will be bolstered by extensive regional and national initiatives in countries like Belgium, Germany, the Netherlands, Germany and Finland to develop this technology. This is expected to play a major role in driving demand.

Insights from the Competitive Market

In an effort to increase their competitive edge, prominent industry players have developed innovative technologies that enable new applications, such as wireless sensors for zero-power and intelligent building energy management, agrarian fields observing/reporting devices, delivery status data loggers, and agrarian field reporting devices. The market is home to many notable companies such as Thinfilm Electronics ASA, Solar Frontier K.K., Samsung, Pragmatic Printing Ltd., PARC, LG, GE Measurement & Control Solutions, 3M, Cymbet Corporation, Inc.

Up Market Research published a new report titled “Flexible Electronics Market research report which is segmented by Components (Display, Battery, Sensors, Memory), by Application (Industrial, Automotive, Consumer Electronics, Healthcare), By Players/Companies Pragmatic Printing Ltd, Solar Frontier KK, Thinfilm Electronics ASA, 3M, Samsung, GE Measurement & Control Solutions, Cymbet Corporation, Inc, LG, PARC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Flexible Electronics Market Report Segments:

The market is segmented by Components (Display, Battery, Sensors, Memory), by Application (Industrial, Automotive, Consumer Electronics, Healthcare).

Flexible Electronics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Flexible Electronics Market

Overview of the regional outlook of the Flexible Electronics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Flexible Electronics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Flexible Electronics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Display

                2. Battery

                3. Sensors

                4. Memory

                1. Industrial

                2. Automotive

                3. Consumer Electronics

                4. Healthcare

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Flexible Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Flexible Electronics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.