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.
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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
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@ http://www.grandviewresearch.com/industry-analysis/flexible-electronics-market/request
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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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View Research
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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