In the regional segment, the flexible electronics market of Asia Pacific is driven by the rapid urbanization and presence of key players such as Philips, Samsung and others. Factors such as increasing demand for consumer goods and the initiatives taken by the government towards the adoption of energy efficient& advanced electronics are expected to propel the growth of the flexible electronics market in Asia Pacific region over the period 2017-2024. Further, North America flexible electronics market is expected to account for the largest market share in terms of revenue on the back of energy efficient consumer goods and introduction of advanced low cost flexible electronic devices such as smart watches, eBooks, smart glasses etc. over the forecast period.
The flexible electronics market is riding on the back of global urbanization and the preference of the consumers towards energy efficient, handy, lightweight and durable electronic devices. Further, the wide scale applications of flexible electronics market paired with the advancements in technology are anticipated to expand the Flexible Electronics Market with a compound annual growth rate of 19.7% over the period 2017-2024.
Wide Scale Applications to Boost the Market Growth
The flexible electronics market has numerous flexible features to save energy and overall experience of the users by providing the advanced and energy efficient solutions. Further, the rising trend of wearable electronic devices and growing demand for energy efficient modular lightening systems and its wide scale applications in various sectors such as healthcare, automotive, etc. are estimated to propel the growth of the flexible electronics market over the forecast period.
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Technological Advancements Reflect Significant Opportunities
The expansion of the market is riding on the back of the adoption of high-end display and lightening technology for saving energy owing to the rise in technological advancements and emergence of automotive and healthcare sectors across the globe. Further, growing disposable income and industrialization combined with increasing demand for advanced consumer electronics with energy efficient and durable electronics such as displays & lightening among others are some of the major factors that are believed to supplement the growth of the flexible electronics market around the globe.
The report titled “Flexible Electronics Market: Global Demand Analysis & Opportunity Outlook 2024”delivers detailed overview of the flexible electronics market in terms of market segmentation by component type, by application type and by region.
However, lack of awareness, high cost and presence of stringent regulations regarding flexible electronics are likely to dampen the growth of flexible electronics market in the near future.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the flexible electronics market which includes company profiling ofLG Corporation, Samsung Electronics, Cambrios, BASF, DaiNippon Printing, ACREO, Solar Frontier, The 3M Company, E-Ink Holdings Inc. and ITN Energy Systems Inc.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the flexible electronics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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