Flexible electronics and materials are extensively used to fabricate electronic devices widely employed in applications, including flexible flat-panel displays, photovoltaics, medical image sensors, electronic paper, and many more. Materials ranging from polymeric semiconductors to nanotube transparent conductors for the important characteristics of each of them allow a direct comparison of these different technologies.
The global flexible electronics and materials market is growing rapidly. The Flexible Electronics and Materials Market rise attributes to the increasing adoption of Flexible Electronics and Materials in photovoltaic cells, OLED lighting, displays, solar batteries & memory devices, etc. Solar cells have positioned themselves as an attractive option to meet today's electricity demand. Solar is an effective, renewable, sustainable, and green energy source that can solve the fuel shortage issues in power generation.
Rising uses of flexible electronics and materials in photovoltaics are a major driving force behind the increased market landscape today. Market Research Future (MRFR) asserts that the flexible electronics and materials market is poised to garner an exponential valuation by 2022, growing at a modest CAGR during the assessment period (2016–2022).
Additionally, the growing demand for compact and lightweight electronic products and technically advanced wearable devices, alongside the increasing competition among commercialized technologies such as LCD, LED, and OLED, boosts the market size. On the other hand, high costs of the technology and the availability of a competent substitute are prominant factors hindering the growth of the flexible electronics and materials industry.
Nevertheless, the rising trend of smaller, stronger, lighter, cheaper, and more durable flexible electronics materials, which are crucial to human health and the environment, would support the Flexible Electronics and Materials Market growth throughout the assessment period. Also, the rising applications in bioelectronics and energy storage are expected to bolster flexible electronics and materials growth.
Players leading the flexible electronics and materials market include BASF (Germany), DuPont (U.S.), Merck Kgaa (Germany), L.G. Corporation (South Korea), ALTANA AG (Germany), Samsung Electronics (South Korea), Fujifilm Dimatix (U.S.), Cymbet Corporation (U.S.), Solar Frontier (Germany), and Hewlett Packard (U.S.), among others.
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Flexible Electronics and Materials Market – Segments
The report is segmented into three dynamics;
By Components: Silicon Materials, Dielectrics, Sensors, Transistors, Displays, Contact Materials, and others.
By Application: Healthcare, Automotive, Consumer Electronics, Military & Defence, Biometrics, and others.
By Regions : Americas, Europe, APAC, and the Rest-of-the-World.
Global Flexible Electronics and Materials Market – Regional Analysis
North America dominates the global flexible electronics and materials market. The region is a hub for advanced semiconductor technologies and therefore accounting for the largest flexible electronics market. Moreover, the presence of major electronic players, such as Fujifilm Dimatix, DuPont, and Hewlett Packard in the U.S., increases the region's flexible electronics and materials market share, allowing the early adoption of innovative, flexible electronics technology.
The Asia Pacific region gains the second spot globally in terms of the flexible electronics and materials market revenues. The region has long been attracting foreign investors with its raw material advantage and the availability of cost-competitive workforces, impacting the region's market share. Besides, rising technological advances and the rapid adoption of flexible electronics in various industrial applications drive the market's growth. The availability of affordable electronics acts as a key driving force behind the regional market growth.
The flexible electronics and materials market in Europe is growing rapidly. It is observed that populaces in this region are widely inclined towards electronics. As a result, the region perceives a massive uptake of electronics. The enormous demand for flexible electronics from well-established automotive and consumer electronics industries substantiates the regional market's growth. Additionally, the burgeoning electronics industry in the U.K. and Germany allows the region to create a substantial revenue pocket.
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