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Global Flexible Electronics Market 2016 - Forecasts to 2020
September 6, 2016 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Flexible Electronics Market 2016-2020" report to their offering.
The global flexible electronics market to grow at a CAGR of 66.66% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global flexible electronics market for 2016-2020. To calculate the market size, the report covers the sales of flexible electronic devices that include flexible displays and flexible or printed batteries worldwide. The report also includes a discussion of the key vendors operating in this market.
Flexible electronics refers to advanced electronic devices that can be folded and bended without getting damaged. Flexible electronics find applications in a number of sectors such as consumer electronics, healthcare, industrial, and military and defense. Flexible electronic devices are ultrathin, lightweight, compact, power-efficient, and have low heat emissions.
However, flexible electronic devices are expensive and are less popular as compared to traditional electronic devices. This is resulting in their low penetration in the market. The report only focuses on flexible displays and flexible or printed batteries. The material mostly used for flexible electronics is plastic.
According to the report, capacity expansion plans is a key driver aiding to the growth of this market. As the innovation continues to churn out developments in the flexible display market, major companies such as Samsung and LG have started expanding their manufacturing capacity and required investment in their APAC manufacturing plants.
The time to prototype and gauge the manufacturing capacity planning has reduced to weeks and months compared to years previously. For instance, in 2015, Samsung produced 30,000 to 40,000 flexible displays each month. Also, in support of the Make in India campaign, Samsung is establishing manufacturing plants in India.
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