Global Flexible Electronics Market sales is growing at 21% CAGR till 2021

According to the report, published by Zion Market Research, global demand for flexible electronics market was valued at USD 5.13 billion in 2015 and is expected to generate revenue of USD 16.50 billion by end of 2021, growing at a CAGR of slightly above 21% between 2016 and 2021.

Flexible electronics is a segment of electronics in which circuits are built on the substrate such as plastic & metal that can be folded, twisted, wrapped, or even move without affecting its function.

North America is by far the largest in the global flexible electronics market and is set to continue to dominate the world marketplace over the forecast period. Flexible electronics market is mainly driven by the rising use of consumer electronic devices, growing demand from the automotive industry, rising technological advances, and growing market penetration in developing countries. Furthermore, the popularity of a few key players with competencies, process technologies, equipment and intellectual property related to flexible electronics technology are expected to flourish the market in the years to come. U.S. dominated the flexible electronics market in North America.

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North America was followed by Europe and Asia-Pacific in 2015. Europe is expected to show moderate growth during the forecast period due to technological advancement, rising consumer goods industry and expertise compared to developing regions. The considerable economic growth of countries such Belgium, the UK, the Netherlands, Germany, and Finland drives the consumer electronics market and is likely to remain a determinant factor for the flexible electronics market’s growth in the next few years.

Asia Pacific is one of the fastest growing regional markets for flexible electronics due to rising demand for compact and light-weight electronic devices. Government organization provides funding supports several research projects in this field. . Asia Pacific is expected to have significant growth during the years to come owing to strong demand for e-books, smartphones, smart watches, and e-papers in the region. Japan, South Korea, and Taiwan are well positioned to enter the field of flexible electronics and to dominate some of the rising profitable applications.

Middle East & Africa is expected to show the moderate growth in the next few years. The electrical and electronics market accounted for USD 30 billion in 2014 in the Middle East and Africa. Saudi Arabia is predicted to remain the leading and fastest-growing market in the region. This shows high growth prospects for the flexible electronics industry in this region.

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Some of the key players in the flexible electronic market include Samsung, Pragmatic Printing Ltd., PARC, Thinfilm Electronics ASA, Solar Frontier K.K., LG Corporation, 3M, Multi-Fineline Electronix, Inc. and Cymbet Corporation, Inc., among others.

This report segments the global flexible electronic market as follows:

Global Flexible Electronic Market: Component Segment Analysis

Display
Battery
Sensors
Memory
Global Flexible Electronic Market: Application Segment Analysis

Automotive
Consumer electronics
Healthcare
Industrial
Global Flexible Electronic Market: Regional Segment Analysis

North America
S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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