San
Francisco, 03 October 2018, The 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
Keyword Analysis:
www.grandviewresearch.com/industry-analysis/flexible-electronics-market
www.grandviewresearch.com/industry-analysis/flexible-electronics-market
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
Browse More Reports Of
This Category By Grand View Research At:
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
o
Television
o
Wearable devices
o
Smartphone
o
Others
·
Automotive
·
Healthcare
·
Industrial
·
Others
Flexible
Electronics Regional Outlook (Revenue, USD Billion; 2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-flexible-electronics-market
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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