Dublin, Feb. 27, 2018 (GLOBE NEWSWIRE) -- The "Flexible Electronics & Circuit Market by Application (OLED & LCD Display, Printed Sensor, Battery, Thin-Film PV, OLED Lighting), Circuit Structure (Single-Sided, Multilayer, Double-Sided, Rigid), Vertical, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The flexible electronics market is expected to grow from USD 23.92 Billion in 2018 to USD 40.37 Billion by 2023, at a CAGR of 11.0% between 2018 and 2023.
The increasing adoption of displays, thin-film photovoltaics, and printed sensors have driven the market growth. Applications in IoT are also being targeted by flexible electronic devices, which would further push the market growth.
The market is analyzed in terms of various application areas, and the demand for flexible electronics for various applications is mapped with the prominent verticals and geographic regions to obtain an overall picture of the flexible electronics market.
The flexible electronics market in terms of applications is segmented into display, thin-film photovoltaics (PVs), battery, printed sensor, and OLED lighting.
The market based on verticals has been segmented into consumer electronics; healthcare; energy & power; automotive; military, defense, and aerospace; industrial; and others that include building automation, smart packaging, environment monitoring, communication hospitality, sports, and research.
The widespread use of rigid electronic products for various applications hinders the market growth. The superior performance and better pricing structures of rigid components in applications such as displays, solar panels, batteries, and lighting solutions also restrain the flexible electronics market growth.
Market Dynamics
Drivers
- Advantages of Flexible Electronics and Circuits
- Adoption of Thin-Film Solar Modules for Varied Applications
- Use of Flexible Displays for Applications Such as Smartphones and Wearable Devices
- Employment of Flexible Electronic Components for IoT Applications
- Implementation of Flexible Electronics for Healthcare Applications
- Government Incentives/Support for Renewable Energy Projects and Lighting Technologies
Restraints
- Established Market for Rigid Electronic Products
Opportunities
- Emergence of Flexible Batteries
- Use of Flexible Sensors in Smart Packaging and Tracking Applications
Challenges
- Reduction in Manufacturing Cost and Availability of Materials at Affordable Prices
- Requirement of Technological Improvements for Wider Adoption
Major players in the market include
- 3M
- Blue Spark Technologies
- Brightvolt
- Cymbet Corporation
- E Ink Holdings
- Enfucell
- First Solar
- Flexenable Limited
- Heliatek
- Konica Minolta
- LG Group (LG Display & LG Chem)
- Multi-Fineline Electronix
- OLEDworks
- Palo Alto Research Center (PARC)(A Xerox Company)
- Panasonic
- Pragmatic Printing
- Royole Corporation
- Samsung Group (Samsung Electronics & Samsung SDI)
- Solar Frontier (Showa Shell Sekiyu)
- Thin Film Electronics
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Flexible Circuit (FPCB) Market, By Structure Type, Vertical, and Geography
8 Flexible Electronics Market, By Application
9 Flexible Electronics Market, By Vertical
10 Flexible Electronics Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jdc6lc/global_flexible?w=12