Allied Market Research published a report on the Flexible Electronics Market by Component, and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027.
The global flexible electronics market was valued at $23.64 billion in 2019, and is projected to reach $42.48 billion by 2027, registering a CAGR of 7.4% from 2020 to 2027.
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Flexible electronics are composed of a bilayer of thin passive substrate topped with a second layer of active electronic components, enabling bends, rolls, folds, and stretches without hampering its performance. Generally, flexible electronic components are made up of a substrate, backplane, front plane, and encapsulation. The flexible electronic capability is incorporated into different consumer and industrial products using the conformability offered by the components to get shaped into various shapes.
Flexible electronics are a new class of electronics that conform to any shape and are also bendable, stretchable, and twistable, enabling new capabilities, features, and products. The next-generation flexible electronics possess a wide range of applications including the measuring temperature gradients from our bodies and the environment, wearable and implantable bioelectronics that monitor health and makes diagnostics simpler using machine learning, harvesting energy from light through windows, cars, and clothing, and consumer electronics like folding phones and rollable displays.
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Competitive Analysis:
The competitive environment of the flexible electronics market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, flexible electronics market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Some of the major key players of the flexible electronics industry include:
- Samsung Electronics Co. Ltd.
- Solar Frontier
- Palo Alto Research Center Incorporated
- LG Corporation
- Cymbet Corporation
- Blue Spark Technologies
- Enfucell Flexible Electronics Co. Ltd.
- Imprint Energy
- E Ink Holdings
- AU Optronics
The rise in implementation of Internet of Things (IoT) majorly drives the growth of the flexible electronics industry, as digitalization demands for connected devices and infrastructure. Moreover, increase in interest of government in the development of flexible electronics to establish a connected world and harness full potential of various applications such as safety & security, mobile health, transportation, and wearable technology among others is expected to boost the flexible electronics market growth.
Furthermore, ease of integration of big data analytics and artificial intelligence with flexible electronics components are expected to provide lucrative growth opportunities for the market. However, cost constrain and lack of commercialization of new technologies are expected to hinder the growth of the market.
The flexible display segment was the highest contributor to the market in 2019. The flexible display and flexible memory segments collectively accounted for around 75.0% market share in 2019. Increase in adoption of flexible displays for smartphones, televisions, and infotainment systems is anticipated to enhance the flexible electronics market growth.
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Key Benefits for Stakeholders:
- This study comprises analytical depiction of the global flexible electronics market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall flexible electronics market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current flexible electronics market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the flexible electronics industry.
- The report includes the flexible electronics market share of key vendors and flexible electronics market trends.
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