Global Chip-On-Flex (COF) Market to 4.42% CAGR to 2021 – Analysis of FLEXCEED Co., Ltd., Finetech, SHENZHEN DANBOND TECHNOLOGY CO., LTD., and AKM Industrial

MarketResearchNest.com adds “Global Chip-On-Flex (COF) Market 2017-2021” new reports to its research database. The report spread across 66 pages with tables and figures in it.

The research analysts forecast the global chip-on-flex market to grow at a CAGR of 4.42% during the period 2017-2021.

COF is a type of chip-on-board (COB) process technology. The fundamentals of the COB process involve attaching die or a chip in place and wire bonding it directly to the substrate metallization, alongside other surface mount devices (SMD) attached by standard surface mount technology (SMT) processes. The process significantly improves lead time, footprint efficiency, and is affordable.

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Technavio recognizes the following companies as the key players in the global chip-on-flex market: FLEXCEED Co., Ltd., Finetech, SHENZHEN DANBOND TECHNOLOGY CO., LTD., and AKM Industrial.

Other Prominent Vendors in the market are: Compunetix, Stars Microelectronics, and Compass Technology.

The latest trend gaining momentum in the market is Increasing vertical integration. Rapid innovations in flexible displays have led to dynamic manufacturing plants. As flexible displays are yet to be completely commercialized, different modular pieces of manufacturing lines are being integrated so that any modification can be easily controlled and modified to suit the demand for flexible display manufacturing. OLEDs have led to a high level of optimized manufacturing plants. A high level of vertical integration leads to an agile production line and faster development or production of flexible displays. This, in turn, leads to reduced cost of the final product and rapid commercialization of the innovation.

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According to the report, one of the major drivers for this market is Increased R&D investments in flexible displays market. Most of the market revenue comes from the R&D divisions of the end-users, as the technology is yet to be commercialized on a large scale and is still in the development stages. Due to extensive developments in the smart devices market from 2014, corporations have been investing in R&D of hardware devices to come up with screens or displays that are more durable, of better quality, and cost efficient.

Further, the report states that one of the major factors hindering the growth of this market is Lag in mass production of flexible OLED displays. There is a lack of mass production plants that can churn out products at the rate at which the innovation continues, as the flexible display market is still in its nascent stage. This leads to a lack in the commercialization of products and thereby constraints in achieving economies of scale for vendors. APAC usually holds mass production plants whereas most of the R&D or university partnerships are in the North American market. This leads to a lag in prototype to product stage.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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