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Flexible Electronics Market Estimated to Reach $17B by 2024
June 15, 2017 | Research NesterEstimated reading time: 2 minutes
The Global Flexible Electronics Market is majorly driven by the advancement in technology of electronic devices, according to our research report "Global Flexible Electronics Market Outlook 2024".The global Flexible Electronics market is segmented into components type. Among this segment, display is expected to showcase a significant growth in near future on account of growing adoption of energy efficient and durable flexible electronic devices in various corporate and healthcare sectors.
The flexible electronics market is expected to reach around $17.2 Billion by 2024 and the market is expected to flourish at a CAGR of 19.7 % over the forecast period 2017-2024.
North America region is expected to account the largest share in terms of revenue in near future on the back of introduction of advanced low cost flexible electronic devices such as smart watches, eBooks, smart glasses and rising adoption of energy efficient consumer goods.
Asia-Pacific region is expected to be the second largest share contributor in terms of revenue across the globe followed by Europe region over the forecast period i.e. 2017-2024 owing to presence of emerging nations and rising personal disposable income across the regions.
Technological Improvements
Rise in technological advancements, increasing adoption of advanced and energy efficient electronic devices, rising popularity of flexible electronics, availability of numerous flexible electronics according to the requirements of users and enhancement in user experience are some of the factors which is expected to pave the market of flexible electronics in near future.
Growing demand in various sectors: Mounting
Factors such as rapid growth in urbanization in growing economies, rise in technological advancements and emergence of automotive and healthcare sector across the globe are adopting high-end display and lightening technology in order to save energy and update with new technology flexible electronic devices are likely to bolster the demand for flexible electronics over the forecast period i.e. 2017-2024.
Although, presence of stringent regulations regarding the manufacturing of flexible electronics, lack of awareness in slowing economies and high cost of flexible electronics are likely to hinder the growth of flexible electronics market over the forecast period i.e. 2017-2024.
The report titled “Global Flexible Electronics Market Outlook 2024” delivers detailed overview of the Global Flexible Electronics Market in terms of market segmentation by Component Type, by Application Type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the service providers of the Global Flexible Electronics Market which includes company profiling of LG Corporation, Samsung Electronics, and Solar Frontier, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Flexible Electronics Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.
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