Study papers on Flexible Electronics & Circuit market and regional forecast. Flexible Electronics & Circuit market players are Samsung Group (Samsung Electronics and Samsung SDI) (South Korea); LG Group (LG Display and LG Chem) (South Korea); Solar Frontier (Japan); First Solar. (US); Panasonic (Japan); Konica Minolta (Japan); OLEDWorks (US); Blue Spark Technologies (US); Bright Volt (US); Heliatek (Germany); Cymbet (US); Palo Alto Research Center (US); Thin Film Electronics (Norway); Royole Corporation (US); FlexEnable (UK); and Enfucell (Finland).
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Flexible electronics market is expected to grow from USD 23.92 billion in 2018to reach USD 40.37 billion by 2023, at a CAGR of 11.0% between 2018 and 2023. Flexible electronic devices are easy to assemble being light in weight and portable.
This has resulted in the growing adoption of flexible electronic devices for solar power harnessing, healthcare, and consumer electronics application, which collectively drive market growth. The widespread use of rigid electronic devices is hindering the growth of the flexible electronics market to a large extent.
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Samsung Group (South Korea), LG Group (South Korea), and Solar Frontier (Japan) are some of the prominent players in the flexible electronics market.
- System integrators
- Technology developers
- Raw material and manufacturing equipment suppliers
- Electronic design automation (EDA) and design tool vendors
- Integrated device manufacturers (IDMs)
- Intellectual property (IP) vendors
- Component manufacturers
- Original equipment manufacturers (OEMs)
- Assembly, testing, and packaging vendors
- Associations, organizations, forums, and alliances
- Government bodies such as regulatory authorities and policymakers
- Venture capitalists and startups
- Research institutes and educational institutes
- Consulting and market research service providers
APAC dominated the flexible electronics market accounting for the largest market share in 2017. In addition, the region is likely to be the fastest-growing market for flexible electronics during the forecast period.
APAC is the hub for manufacturers and customers of flexible OLED panels. In the market, Samsung and LG have been the leading companies that deploy flexible displays in smart phones and televisions.
In APAC, flexible sensors are also increasingly used for healthcare applications. APAC has witnessed an increase in the installation of thin-film PVs in the recent years, and their deployment is expected to increase steadily in China.
With Japan and India being prominent countries in the adoption of thin-film PVs, other countries in the region are also shifting toward renewable energy resources.
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Flexible OLED lighting solutions are expected to be increasingly adopted for automotive applications as they are easy to integrate, provide improved luminosity, and offer optimization in saving space and cost. The growing interest in flexible OLED lighting from major automobile manufacturers is also expected to boost this high rate of adoption.
Flexible batteries are also expected to be rapidly adopted for consumer, healthcare, and industrial applications. Improvements such as recharge ability will aid longer operational times in various applications.
Flexible displays, printed sensors, and flexible batteries are being widely used in consumer devices. Flexible displays account for a major share of the flexible electronics market for consumer electronics.
Flexible displays are prominently being adopted for smart phone, smart wearable, and television applications. Leading smart phone brands such as Apple and Samsung are playing a vital role in the growth of the flexible electronics market for flexible displays.
2 Player Ranking Analysis: Flexible Electronics Market
3 Competitive Situations and Trends: Flexible Electronics Market
3.1 Product Development
3.2 Agreement, Partnership, Collaboration, Contract, and Joint Venture
3.4 Mergers, Acquisition, & Investment
4 Competitive Landscape
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The market is analyzed in terms of various application areas, and the demand for flexible electronics for various applications is mapped with the prominent verticals and geographic regions to obtain an overall picture of the flexible electronics market. The flexible electronics market in terms of applications is segmented into display, thin-film photovoltaics (PVs), battery, printed sensor, and OLED lighting.
The market based on verticals has been segmented into consumer electronics; healthcare; energy & power; automotive; military, defense, and aerospace; industrial; and others that include building automation, smart packaging, environment monitoring, communication hospitality, sports, and research. The geographical distribution of the flexible electronics market is categorized into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
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