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Global Flexible Electronics Market Revenue to Hit $20.67B by 2022
October 21, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Flexible Electronics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The global flexible electronics market is anticipated to grow at a CAGR of 25% during 2016 to 2022. The market has generated the revenue $5.42 Billion in 2016 and is anticipated to reach up to $20.67 Billion by 2022. Increasing consumer goods industry, distinctive features of flexible circuits, light weight and compact structure, environment-friendliness of the batteries helps to increasing the market of rich communication suite service.
The North America accounted for over 30% of the global revenue in 2015. The region is characterized by the attendance of numerous research universities, which are involved in research projects with subjects relevant to the technology followed by Asia Pacific. The Asia Pacific is anticipated to witness optimistic growth at CAGR exceeding 17% in the forecasted period. It may be accredited to the presence of several large industrial groups with extensive developed capabilities in segments reliably relevant to the production of flexible electronic devices.
The Europe flexible electronics market was over $5 billion in 2015. Efforts portray by an extremely wide range of research projects subsidized at the Europe level, unbreakable by extensive national and regional initiatives in countries such as Finland, Germany, Netherlands, the UK and Belgium for the development of this technology are anticipated to play a significant role in driving the demand.
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