Global Flexible Electronics Market was USD 20,850.0
million in 2015, which is estimated
to reach USD 87,210.0 million by 2024, according to a new report by Grand View
Research, Inc. Escalating demand for compact and light-weight electronic
devices is anticipated to fuel growth over the forecast period. Flexible
batteries, displays, memories are a few products realized with the adoption of
this technology. The technology provides ample opportunities in the area of
smart textiles, which is the future of wearable’s. Government support in the
form of funding that lends a helping hand to several research projects in this
field is also anticipated to impact the industry growth positively.
Healthy demand for
smart glasses, e-books, smartphones, smart watches, and e-papers is expected to
catapult market growth over the next eight years. The technology facilitates
electronic systems to be stretched, rolled, and flexed, minimizing design
issues associated while developing compact, portable and miniature devices. The
style and functionality of wearable devices is anticipated to witness a
transition over the next eight years with companies such as Samsung, Apple,
Nike and Google investing heavily in this segment, thereby providing avenues
for discovering novel applications incorporating this technology.
Full Research Report on Global Flexible Electronics
Market Analysis:
Further key findings from the report suggest:
- The consumer electronics segment
accounted for over 55% of the overall revenue in 2015. The year 2014
witnessed the onset of new curved televisions, smartphones, and other electronic
devices; a trend that gained traction in 2015, and is expected to impact
the flexible electronics demand favorably from 2016 to 2024 owing to high
penetration in the wearable’s segment
- The display segment is projected to grow
at a CAGR exceeding 16% over the forecast period. It is primarily
attributed to the ability of these products to curve, roll, flex, conform
and fold, enabling a new intuitive user interface. Further, companies are
progressing towards the use of plastic displays as an alternative to glass
displays, which provides opportunity for future growth
- Wearable devices segment accounted for
over 40% of the overall revenue in 2015 and is expected to witness a
healthy demand over the forecast period. This increase is primarily
ascribed to upsurge in demand for fitness or activity trackers as these
products are well-positioned in the market with a promise of tracking
productivity, physical activity, heart rate, sleep, etc. that intrigues
customers
- Asia Pacific flexible electronics market
accounted for over 20% of the overall revenue share in 2015. Research
capabilities and aggressive investments by major industry players such as
LG and Samsung Electronics in anticipated to drive regional growth over
the forecast period
- Prominent industry participants include
3M, E Ink Holdings Inc., GE Measurement & Control Solutions, ITN
Energy Systems Inc., LG, PARC, Samsung, and Thinfilm Electronics ASA.
Strategic alliances among the major stakeholders such as material
manufacturers, academia, and device integrators is anticipated to
strengthen the existing technology know-how while driving drive efforts to
explore new application areas
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the Global Flexible
Electronics Market on the basis of components, application and region:
Flexible Electronics Components Outlook (Revenue, USD Billion;
2013 - 2024)
- Display
- Battery
- Sensors
- Memory
- Others
Flexible Electronics Application Outlook (Revenue, USD
Billion; 2013 - 2024)
- Consumer electronics
- Television
- Wearable devices
- Smartphone
- Others
- Automotive
- Healthcare
- Industrial
- Others
Flexible Electronics Regional Outlook (Revenue, USD
Billion; 2013 - 2024)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
View press release of this research report by Grand View
Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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