Global Flexible Electronics Market 2016-2020
About Flexible Electronics
Flexible electronics refers to advanced electronic devices that can be folded and bended without getting damaged. Flexible electronics find applications in a number of sectors such as consumer electronics, healthcare, industrial, and military and defense. Flexible electronic devices are ultrathin, lightweight, compact, power-efficient, and have low heat emissions. However, flexible electronic devices are expensive and are less popular as compared to traditional electronic devices. This is resulting in their low penetration in the market. The report only focuses on flexible displays and flexible or printed batteries. The material mostly used for flexible electronics is plastic.
Technavio’s analysts forecast the global flexible electronics market to grow at a CAGR of 66.66% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global flexible electronics market for 2016-2020. To calculate the market size, the report covers the sales of flexible electronic devices that include flexible displays and flexible or printed batteries worldwide.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flexible Electronics Market 2016-2020
Other Prominent Vendors in the market are: AU Optronics, Blue Spark Technologies, Cymbet, E Ink Holdings, Enfucell, LG Display, Samsung Display, Solicore, and Planar Energy Devices
Commenting on the report, an analyst from Technavio’s team said advent of conceptual flexible display products is one of the trends spurring growth for the market. As flexible displays become more mainstream products, different conceptual level products will be prototyped. Technology companies like Samsung, Microsoft, and Apple are innovating and conceptualizing products that are wearable and more integrated with human life. During 2015-2016, Samsung has launched curved display phones that use a type of flexible display. Microsoft and Sony are prototyping screen consoles for their gaming products that provide a more appealing experience for gamers. Sony and Samsung had launched curved screen TVs and are now prototyping these TVs with flexible screens. The wearables industry has conceptualized different products using flexible displays.
According to the report, capacity expansion plans is a key driver aiding to the growth of this market. As the innovation continues to churn out developments in the flexible display market, major companies such as Samsung and LG have started expanding their manufacturing capacity and required investment in their APAC manufacturing plants. The time to prototype and gauge the manufacturing capacity planning has reduced to weeks and months compared to years previously. For instance, in 2015, Samsung produced 30,000 to 40,000 flexible displays each month. Also, in support of the Make in India campaign, Samsung is establishing manufacturing plants in India.
Further, the report states that reduced shelf life of products is challenge the market is facing. Although flexible displays solve a lot of problems associated with traditional displays, they have their own set of issues. Due to the competition in the market, manufacturers keep coming up with innovative products supporting advanced technologies. As a result, the older versions take a hit in the market as users get attracted to new products available in the market. These versions of the existing products maintain the competition in the market but somewhere make the already existing versions obsolete. With these rapid product replacements, it will be an issue for the flexible display vendors to upgrade the technology to match the rapid product developments. As the technology is emerging, the products based on this technology are expensive.
AU Optronics, Blue Spark Technologies, Cymbet, E Ink Holdings, Enfucell, LG Display, Samsung Display, Solicore, Planar Energy Devices