DUBLIN–(BUSINESS WIRE)–The “Flexible Electronics Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The flexible electronics market was valued at USD 17.99 billion in 2020, and it is expected to reach a value of USD 41.25 billion by 2026, registering a CAGR of 18.75 % during the forecast period 2021 – 2026.
Companies Mentioned
E Ink Holdings Inc Blue Spark Technologies Samsung Electronics Co. Ltd LG Electronics Inc. OLEDWorks LLC Royole Corporation FlexEnable Ltd PragmatIC Printing Ltd AU Optronics Co. Ltd Imprint Energy Inc Flex Ltd Flexpoint Sensor Systems Inc. Key Market Trends
3D Integration in Healthcare is Expected to Drive the Market
3D printing is advancing, and it has a wide range of applications, including 3D printed flexible electronic devices in the healthcare sector. 3D printers can be used for the direct printing of biomedical devices onto the human skin and can help build flexible electronic sensors to measure body pressure. These printers are expected to improve sensation in prosthetic hands and surgical robotic arms. Additionally, a 3D printed flexible electrical glove can be used to provide comfortable thermotherapy for patients, as the heat formed by these flexible electronic devices can treat injury points by enhancing the blood flow and reducing pain. These 3D printed flexible electronic devices have various applications in the fields of prosthetic organs for the disabled. In July 2018, Humanity & Inclusion (a French-based NGO) took up the initiative of fabricating approximately 100 orthopedic electronic devices for those in need in Madagascar, Togo, Mali, and Niger. Europe to Witness the Fastest Growth Rate
Europe is the fastest-growing region in the flexible electronics market. The increasing demand for smart wearables, combined with consumer electronics, is driving the demand for flexible electronics in the region. For example, according to Ericsson, the smartphone subscription in Western Europe and Central and Eastern Europe during 2019 stood at 390 million and 350 million respectively. By 2025, the subscription is expected to reach 490 million and 500 million, respectively. For instance, Zinergy UK Ltd announced a new flexible 3V Zinc-Carbon series at the Wearable Technology Show (WTS) 2019. The offering finds applications in temperature and freshness monitoring for goods, as well as asset tracking. Apart from this, there are various government initiatives that are expected to not only drive the demand for electronics but also set up industries with various investments. For instance, the electronic strategy adopted by the EU in 2013 was aimed at maintaining the region at the leading edge in the design and manufacturing of micro and nanoelectronics. The strategy facilitated the industry with an investment of EUR 100 billion until the end of 2020. The automotive industry is exxpected to be another major driver for the demand for flexible electronics over the coming years. Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Technology Snapshot
4.3 Industry Value Chain Analysis
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Emerging Need For Lightweight, Mechanically Flexible, and Cost-effective Products
5.1.2 Growing R&D is Expanding the Application Scope
5.2 Market Restraints
5.2.1 High Manufacturing Cost
5.3 Assessment of Impact of Covid-19 on the Industry
6 MARKET SEGMENTATION
6.1 Application
6.1.1 Sensing
6.1.2 Lighting
6.1.3 Display
6.1.4 Other Applications
6.2 End User
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Healthcare
6.2.4 Military and Defense
6.2.5 Other End Users
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.3.1 South Korea
6.3.4 Rest of the World
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
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