Flexible Electronics Market
The Flexible Electronics Market is expected to grow at a remarkable CAGR during the forecast period (2020-2027). The Factors driving the growth of Flexible Electronics Market includes growing demand for consumer electronics around the world, increasing number of smart cities. According to the report published by IHS Markit, the total number of smart cities worldwide are predicted to reach 88 by the end of 2025, with Asia Pacific claiming the highest number of smart cities, which will boost the Global Flexible Electronics Market in the approaching years. Moreover, the increasing application of flexible electronics in the end-use industries such as Healthcare, Automotive and Defense and Aerospace and growing consumers preference for portable light weight devices, are some of the additional factors augmenting the Flexible Electronics Market size. In addition, the integration of advanced technologies such as Artificial Intelligence (AI), Internet of Things and Data analytics along with favorable Government policies for accelerating the manufacturing of consumer electronics, are further propelling the market growth. However, the growth of Flexible Electronics Market is hindered due to high cost of raw materials and capital cost. The prominent players operating in the market are Royole Corporation, Imprint Energy, PragmatIC Semiconductor Limited, E Ink Holdings Inc., Blue Spark Technologies, AU Optronics Corp., FlexEnable Limited, and Elephantech Inc., Samsung Electronics Co., Ltd. and LG Electronics Inc. among others. Application – Segment Analysis Based on application, the display segment is predicted to grow at faster CAGR over the forecast period. The growing demand for consumer electronics such as television, laptop, tablets, smartphones, and computers along with increasing adoption of Organic Light Emitting Diode- (OLED) displays, are some of the factors responsible for the growth of the segment. End-User – Segment Analysis Based on end-user, the healthcare segment is anticipated to capture sizeable market share during the forecast period attributed to increasing use of flexible electronics in X-Rays detectors, lab-on-chip devices, and health monitoring devices. Regional – Segment Analysis Based on region, the Asia-Pacific region is projected to expand at a robust CAGR over the forecast period owing to increasing demand for consumer electronics items such as smartphones, laptops, and television, rise in the Foreign Direct Investment (FDI) inflows in the electronics industry and rising disposable income, are some of the important factors influencing the market growth in Asia-Pacific region. As per, FDI Manager, the total FDI inflows in the Electronic Sector in India was calculated at around USD 451.9 million during 2018-2019 and the smart users in India are anticipated to increase by 84% by the end of 2022. Market Segmentation Global Flexible Electronics Market by Application
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: https://www.gmiresearch.com/
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