DUBLIN--(BUSINESS WIRE)--The "Flexible Electronics & Circuit Market by Application (OLED & LCD Display, Printed Sensor, Battery, Thin-Film PV, OLED Lighting), Circuit Structure (Single-Sided, Multilayer, Double-Sided, Rigid), Vertical, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The flexible electronics market is expected to grow from USD 23.92 billion in 2018 to 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. Samsung Group (South Korea), LG Group (South Korea), and Solar Frontier (Japan) are some of the prominent players in the flexible electronics market.
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 rechargeability 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 smartphone, smart wearable, and television applications. Leading smartphone brands such as Apple and Samsung are playing a vital role in the growth of the flexible electronics market for flexible displays.
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 smartphones 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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Flexible Circuit (FPCB) Market, By Structure Type, Vertical, and Geography
8 Flexible Electronics Market, By Application
9 Flexible Electronics Market, By Vertical
10 Flexible Electronics Market, By Geography
11 Competitive Landscape
12 Company Profiles
- Blue Spark Technologies
- Cymbet Corporation
- E Ink Holdings
- First Solar
- Flexenable Limited
- Konica Minolta
- LG Group (LG Display & LG Chem)
- Multi-Fineline Electronix
- Palo Alto Research Center (PARC)(A Xerox Company)
- Pragmatic Printing
- Royole Corporation
- Samsung Group (Samsung Electronics & Samsung SDI)
- Solar Frontier (Showa Shell Sekiyu)
Thin Film Electronics
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