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.
Browse full research report on Flexible Electronics Market: https://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: https://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
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.
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