According to a new market research report the flexible electronics market is expected to reach $13.23 billion by 2020.
The development of ﬂexible electronics has spanned the past few years, ranging from the development of ﬂexible solar cell arrays to ﬂexible OLED electronics on plastic substrates. The rapid development of this ﬁeld has been spurred by consistent technological development in large-area electronics, thereby developing the areas like ﬂat-panel electronics, medical image sensors and electronic paper. Many factors contribute to the rise of ﬂexible electronics – they are more rugged, lightweight, portable, and less costly with respect to production as compared to rigid substrate electronics.
Basic electronic structure is composed of a substrate, back plane electronics, a front plane, and encapsulation. To make the structure ﬂexible, all the components must bend up to some degree without losing their function. Two basic approaches have been adopted to make ﬂexible electronics – that is, transfer and bonding of completed circuits to a ﬂexible substrate and fabrication of the circuits directly on the ﬂexible substrate.
The report segments the flexible electronics market on the basis of the different types of components, circuit structures, applications and geographies. Further, it contains revenue forecast and analyzes the trends in the market. The geographical analysis contains the in-depth classification of Americas, Europe and APAC, which contains the major countries covering the market. Further, the Middle-East and Africa have been classified under the RoW region. Each of these geographies has been further split by the major countries existing in this market. The sections and the sub-segments in the report would contain the drivers, restraints, opportunities and current market trends; and the technologies expected to revolutionize the flexible electronics domain.
Flexible electronics market report covers all the aspects of flexible or bendable electronics in terms of structure, target applications, components used and geographic analysis. Flexible electronics market has been segmented based on applications, component and geography. It covers flexible electronics, flexible batteries, memories, sensors and photovoltaic. It also covers consumer electronics, automotive, healthcare, defense and aerospace, and energy and power sector.
The key revenue pocket for the industry will be the consumer electronics market. This is mainly because of the use of technologies in smart phones, televisions, wearable devices and other consumer electronics products. The major players in this segment are Samsung Electronics Co. Ltd. (South Korea), LG Corporation (South Korea), SONY Corporation (Japan) and Apple Inc. (U.S.).
The global flexible electronics market is expected to reach $13.23 billion by 2020, at an estimated compound annual growth rate (CAGR) of 21.73 percent. The emerging consumer electronics market is expected to grow at a CAGR of 44.30 percent. North America is the biggest flexible electronics market, followed by Europe and APAC.
Published in the September 2014 Edition of American Recycler News