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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/flexible-electronics-market/request/rs1
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.
For
more info visit @https://www.grandviewresearch.com
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