According to a new market research report titled “Flexible Electronics Market by Components (Display, Battery, Sensor, Photovoltaic, Memory), Circuit Structure (Single-Sided, Double-Sided, Rigid), Application (Consumer Electronics, Healthcare, Automotive, Energy and Power), & by Geography – Analysis & Forecast to 2014 – 2020“, published by MarketsandMarkets, the Flexible Electronics Market is expected to reach $13.23 Billion by 2020.
The development of flexible electronics has spanned the past few years, ranging from the development of flexible solar cell arrays to flexible OLED electronics on plastic substrates. The rapid development of this field has been spurred by consistent technological development in large-area electronics, thereby developing the areas like flat-panel electronics, medical image sensors, and electronic paper. Many factors contribute to the rise of flexible electronics they are more ruggedness, lightweight, portable, and less cost, with respect to production as compared to rigid substrate electronics. Basic electronic structure is composed of a substrate, backplane electronics, a front plane, and encapsulation. To make the structure flexible, all the components must bend up to some degree without losing their function. Two basic approaches have been adopted to make flexible electronics, that is, transfer and bonding of completed circuits to a flexible substrate and fabrication of the circuits directly on the flexible substrate.
The report segments the Flexible Electronics Market on the basis of the different types of components, circuit structures, applications and geographies. Further, it contains revenue forecast and analyzes the trends in the market. The geographical analysis contains the in-depth classification of Americas, Europe, and APAC, which contains the major countries covering the market. Further, the Middle-East and Africa have been classified under the RoW region. Each of these geographies has been further split by the major countries existing in this market. The sections and the sub-segments in the report would contain the drivers, restraints, opportunities, and current market trends; and the technologies expected to revolutionize the flexible electronics domain.
The Global Flexible Electronics Market is expected to reach $13.23 Billion by 2020, at an estimated CAGR of 21.73%. The emerging consumer electronics market is expected to grow at a CAGR of 44.30%. North America is the biggest flexible electronics market, followed by Europe and APAC.
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