Flexible Electronics and Materials 2020 Global Market Outlook, Research, Trends and Forecast to 2022
The global flexible electronics and materials are expected to witness speedy growth over the forecast period of 2017-2022, as per the researchers at Market Research Future (MRFR). Factors that are primarily causative of the growth in the market include durability, portability, lightweight properties, and cost-efficient production of flexible electronics and materials. Consistent inflow of innovative technologies in the electricals and electronics industry is anticipated to drive the global flexible electronics and materials market over the forecast period. These products are developed to be more intuitive and have the ability to adhere to physical manipulation and meet client’s specific needs.
Furthermore, rising demand and a rapid adoption of these devices is observed to convert into massive potential for these devices in the entertainment industry and the personal devices marketplace, hence, facilitating sizeable growth over the review period. Rising competition for providing innovative and unique offerings in highly commercial technologies such as the LED, LCD, and OLED is anticipated to interfere with market growth. In addition, many regulations are introduced by governments that are restraining the performance of the market, in terms of growth. However, potential for the integration of flexible technology that is combined with wearable technology is expected to provide impetus to the market over the coming years.
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Market Segmentation
The global flexible electronics and materials market is studied for a detailed segmentation that is based on components, applications, and region. Based on components, the global flexible electronics and materials market into dielectrics, materials, sensors, transistors, contact materials, and displays. Based on application, the global flexible electronics and materials market is segmented into automotive, consumer electronics, healthcare, military and defense, and biometrics.
Detailed Regional Analysis
Based on region, the global flexible electronics and materials market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Among such segmentation , the market prevalent in North America is estimated to dominate the global flexible electronics and materials market during the review period. Such growth in the regional market can be attributed to the strong presence of market leaders who are developing innovative and flexible products in the region, hence facilitating growth.
Asia Pacific is also anticipated to gain sizeable growth in the coming years. This can be causative to the fact that many market giants are residing within the region that are well-known for technology. These market leaders are expected to provide ground-breaking innovations in the coming years. Apart from that, the region is also anticipated to have a massive consumer base which is expected to set the regional market for flexible electronics and materials on an impressive growth trajectory. Further, rising disposable income is anticipated to provide necessary propulsion in the demand and growth of the market in the forthcoming years.
Europe is anticipate to be the third-largest market for flexible electronics and materials market and showcase a steady growth rate over the conjecture period. It can be concluded that such a growth pattern is similar to North America. Prevalence of various highly lucrative entertainment industries, where there is a high demand for flexible electronics is estimated to contribute to significant market growth in the next few years.
Key Players
Some players prevalent in the global flexible electronics and materials market include Hewlett Packard, DuPont, Solar Frontier, BASF, LG Corporation, Merck Kgaa, Atlana AG, Cymbet Corporation, Samsung Electronics, and Fujifilm Dimatix.
Industry Update
NanoCnet recently launched SilverStrandTM for its application in the manufacturing of flexible electronics. It is a highly flexible, durable, and stable silver nanomaterial.
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