Global Flexible Electronics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
The global flexible electronics market is anticipated to grow at a CAGR of 25 % during 2016 to 2022. The market has generated the revenue $5.42 Billion in 2016 and is anticipated to reach up to $ 20.67 Billion by 2022. Increasing consumer goods industry, distinctive features of flexible circuits, light weight and compact structure, environment-friendliness of the batteries helps to increasing the market of rich communication suite service.
The global flexible electronics market is segmented on the basis of circuit structure, component and applications. On the basis of circuit structure the market is further segmented into single-sided flex circuit, back-bared or double access flex circuit, double-sided flex circuit, rigid flex circuit and others such as sculptured flex circuits, multi-layer flex circuits and polymer thick film flex circuits .
On the basis of component the market is further segmented into flexible display, flexible battery, flexible sensor, flexible memory and photo voltaic. The flexible display is further fragmented into OLED, E-Paper and LCD. Similarly flexible battery is further fragmented into thin film batteries by recharge ability . In addition to this the flexible sensor are further segmented into bio sensors, CMOS hybrid sensors, photo detectors , PIEZO resistive and many more. Based on applications the market is further segmented into energy and power, consumer electronics, automotive, medical and healthcare, defense & aerospace, sensing and many more.
Some of the Key market players include LG Electronics, E Ink Holdings Inc., 3M , Cymbet Corporation, Inc , First Solar , Front Edge Technologies , GE Measurement & Control Solutions , ITN Energy Systems Inc. , Multi-Fineline Electronix, Inc. , PARC , Pragmatic Printing Limited , Samsung Electronics Co., Ltd. , Solar Frontier K.K. , Solicore, Inc , Thin film Electronics ASA. Acquisitions, innovation and mergers are the key strategies adopted by the market players to sustain in the market. For example: In 2016, 3M announced that it has acquired Semfinder, a Switzerland-based medical coding technology company. Semfinder is a leading developer of precise semantic coding of medical services.
Geographically, the market is segmented in to North America, Asia pacific, Europe and rest of the world. The North America accounted for over 30% of the global revenue in 2015. The region is characterized by the attendance of numerous research universities, which are involved in research projects with subjects relevant to the technology followed by Asia Pacific. The Asia Pacific is anticipated to witness optimistic growth at CAGR exceeding 17% in the forecasted period. It may be accredited to the presence of several large industrial groups with extensive developed capabilities in segments reliably relevant to the production of flexible electronic devices. The Europe flexible electronics market was over $5 billion in 2015. Efforts portray by an extremely wide range of research projects subsidized at the Europe level, unbreakable by extensive national and regional initiatives in countries such as Finland, Germany, Netherlands, the UK and Belgium for the development of this technology are anticipated to play a significant role in driving the demand.
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