Global Flexible Hybrid Electronics (FHE) Market - Segmented by Application (Cell Phones and Displays, Health Performance Tools, and Security Tags), End-user Industry (Automotive, Consumer Electronics, and Healthcare), and Region - Growth, Trends, and Forecast (2018 - 2023)
The flexible hybrid electronics market is projected to register a CAGR of 13.2% during the forecast period (2018 - 2023). The scope includes different application of market, such as cell phones and displays, health performance tools, and others. The end-user industries, include automotive, consumer electronics healthcare, and others. The regions considered under the scope of the report, include North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa.
FHE is an ‘out of box’ innovation that joins components of electronics and the high-precision printing industry to create sensors which are lightweight and fit in with the structure of objects, thus, transforming the way traditional electronics works.
Emerging Need for Lightweight, Mechanically Flexible, and Cost Effective Products
FHE is driving the advancing efficiency of the electronics industry by developing electronics that are unique and can be a part of our everyday lives, combined with the power of thin silicon ICs to create stretchable smart products. Flexible materials provide an excellent degree of stretchability and conformability on surfaces with many geometries, which make them suitable for use in sensors. With rapid advancements in data analytics and artificial intelligence, the FHEs can be incorporated into emerging consumer, military, and industrial products, as they are lightweight, low cost, flexible, comfortable, stretchable, and highly efficient smart products. FHE can also manufacture electronics in higher volume at lower costs.
Healthcare - Fastest Growing Segment
FHE can be used in advanced healthcare (diagnosis of disease), as it can be used in wearable and implantable configurations. Soft and contoured geometries and the time-dynamic deformation of the targeted tissues require high flexibility of the integrated bioelectronics. Recent development in soft materials provided a unique opportunity to design many types of mechanically deformable systems. NextFlex is presently working to scale wearables called sweat patches, which is a project which lets the customer know about when he is tired.
North America to Lead the Market
North America is expected to have the largest share of the market during the forecast period, due to early adoption of emerging technologies and large firms investing in R&D activities in the region, consolidating a majority of revenues in the market. Also the formation of NextFlex, a cooperative agreement between the US Department of Defense (DOD) and FlexTech Alliance, has been a benefit for the rapidly growing FHE market moving toward the era of ‘electronics on everything
Key Developments in Market
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