What are the growth prospects of Smart Manufacturing Market in different regions?

The smart manufacturing market was valued at USD 153.25 billion in 2017 and is expected to reach USD 299.19 billion by 2023, at a CAGR of 11.9% from 2018 to 2023. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023. The report provides detailed information regarding the major factors influencing the growth of the market. Industry 4.0, increasing use of industrial automation in manufacturing, government investments supporting industrial automation, rising emphasis on regulatory compliances, increased complexities in supply chain, and increasing demand for software systems that reduce time and cost are the key factors driving the growth of the market.

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Smart manufacturing market in APAC to grow at the highest globally CAGR between 2018 and 2023

APAC countries such as China, Japan, and India are the major users of smart manufacturing systems. The adoption of industrial automation in China is increasing rapidly due to growing industrial activities and rising per capita income in the country. This is leading to increasing adoption of advanced manufacturing technologies such as HMI, MES, AI, condition monitoring, AGV, and WMS. China is a major manufacturing hub for semiconductors and electronic components and is one of the prominent aircraft manufacturers. Smart manufacturing technologies are used in these industries to enhance the overall performance of manufacturing plants and improve production output. In addition, growing economy and technological developments in various industries encourage the application of these technologies for monitoring and controlling production processes.

Market Ecosystem:

As of 2017, 3D Systems (US), ABB (Switzerland), Cisco (US), Cognex (US), Daifuku (Japan), Emerson (US), GE (US), Honeywell (US), IBM (US), JBT (US), Keyence (Japan), NVIDIA (US), Oracle (US), Rockwell (US), SAP (Germany), Schneider (France), Siemens (Germany), Stratasys (US), Universal Robots A/S (Denmark), and Yokogawa (Japan) were the major players in the smart manufacturing market. Other players in the market include Samsung (South Korea), Sony (Japan), Google (US), Intel (US), and PTC (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Growing investments in industrial automation Driving the Growth of Modular Robotics Market

According to the new market research report on the "Modular Robotics Market by Robot Type (Articulated Modular Robots, SCARA Modular Robots and Collaborative Modular Robots), Industry (Automotive, Electrical and Electronic, Plastic, Rubber and Chemicals) and Geography - Global Forecast 2023", the market is expected to grow from USD 4.70 billion in 2018 to USD 10.76 billion by 2023, at a CAGR of 18.00%.

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Growing investments in industrial automation

Automotive

Since the inception of modular robotics, the automotive industry has made intensive use of these robotics systems. In this industry, new capabilities of modular robotics have responded to changing demands in a more efficient and cost-effective way. In addition, the new levels of speed, accuracy, precision, flexibility, and agility achieved through modular robotics have improved competitiveness, quality, and productivity of the manufacturing processes.

Modular robotics systems have brought about significant improvements in the entire production chain from operations in stores, press shops, and paint shops to the final assembly and distribution activities in warehouses. In the automotive industry, robots carry out some major activities of material handling, palletizing, laser and camera operations, foundry operations, and painting. The modular robots are also used in rounding out the spectrum work; e.g., they are used to install the complete dashboard of a car, join the chassis (marriage/decking) for heavy automotive such as excavators, or install components.

Electrical and Electronics

There is a significant rise in the adoption of modular robotics systems in the electrical and electronics industries with the miniaturization of electrical and electronic equipment as well as complexity involved in the manufacturing processes. The incorporation of modular robotics leads to efficient automation and systematic manufacturing processes in these industries, which results in the frequent introduction of new electronic products on the market at affordable prices for customers. The rise in demand for these robots is attributed to the increased installation in APAC.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Smart Display Market | Key Market Players

According to the new market research report on the "Smart Display Market by Smart Home Display (Voice-Controlled, Appliance), Smart Display Mirror (Automotive-Rearview & Side-View, Retail, Home), Smart Signage (Retail & Hospitality, Sports & Entertainment), Components, and Geography - Global Forecast to 2025", The global smart display market is expected to grow from USD 861 million in 2018 to USD 6,665 million by 2025, at a CAGR of 34.0%. The market has been segmented into 3 separate markets—smart home displays, smart display mirrors, and smart signage. 

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“Europe accounted for largest share in automotive smart display mirror market”

Europe is home to major automobile manufacturers such as Volkswagen (Germany), BMW (Germany), and Daimler (Germany), which is expected to create significant demand for smart display mirrors. Consumer demand for connected mirrors is also growing due to increasing focus on vehicle safety and convenience, which is driving the automotive smart display mirror market in the region.

Key Market Players

Amazon.com, Inc (Amazon) (US), Google, LLC (Alphabet, Google) (US), Facebook, Inc (Facebook) (US), Samsung Electronics Co., Ltd. (Samsung, Samsung Display) (South Korea), LG Electronics Co. Ltd, (LG Electronics, LG Display, LGD) (South Korea), Sony Corporation (Sony) (Japan), NEC Corporation (NEC Corp., NEC) (Japan), Gentex Corporation (Gentex) (US), Magna International, Inc. (Magna Mirror, Magna) (US) and Apple Inc. (Apple) (US) are among the few players in the smart display market.

Amazon has deep roots in electronics and other general merchandise through its e-commerce platform. This reflects the company’s geographic reach and distribution channels. In the smart display market, the company relies on its marketing strategy to increase its market share for Amazon Echo Show. The company is known for its service and product reliability, which is an advantage going forward in the market. With the success of its smart speakers—Echo Series, the company expects high growth from Echo Show due to scope for wider acceptability considering the interoperability with other display devices present in the market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

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MarketsandMarkets™ INC.

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Thin Film and Printed Battery Market estimated to be worth 1.25 Billion USD by 2022

The thin film and printed battery market is expected to be worth USD 1.25 Billion by 2022, growing at a CAGR of 24.7% between 2016 and 2022. The rising need of thin film and printed battery solutions in healthcare industry, growing opportunities for mobile medical devices and wireless healthcare monitoring systems, and demand for ultra-thin printed battery solutions for next-generation smart textiles are the key driving factors for the market. The market has been segmented on the basis of voltage rating, chargeability, application, and region.

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Printed batteries expected to grow at a faster rate than of the overall thin film and printed battery market during the forecast period. With growing need of new-generation smart textiles smart textiles in fitness and sports to monitor physical parameters such as heart rate and blood pressure are driving the need of printed battery market between 2016 and 2022. Thus, smart textiles require an ultra-thin printed battery solution to power these integrated sensor devices. The printed battery can be fixed into the design of smart textiles as it has advantages such as ultra-thin size and flexibility to complement their designs. Moreover, printed batteries also enables the medical device manufacturers to modify the structure of the device and enhance its efficiency by integrating thin film and printed power sources during product manufacturing.

Thin film and printed batteries with voltage rating below 1.5 V held the largest market share of in 2016. As smart cards require low-voltage batteries, most of the manufacturers are integrating below 1.5 V thin film and printed batteries for smart cards. Below 1.5 V thin film and printed batteries are mostly used in low power applications such as disposable medical patches, iontophoretic transdermal patches, wireless micro-sensors, promotional toys, and RFID tags. Moreover, printed battery is an ideal power solution for smart cards since it can resist heat during the lamination process, which is an important parameter for smart card manufacturers. Therefore, the integration of thin film and printed batteries in low power applications such as smart cards, medical patches, and toys is expected to increase significantly during the forecast period.

The market for the wearable devices application expected to grow at a faster rate in the thin film and printed battery market during the forecast period. Wearable devices application comprises smartwatches; fitness bands, smart glasses, smart textiles, smart rings and bracelets, and others require ultra-thin batteries to comply with the flexibility of the device. The integration of thin film and printed battery makes the product weigh less and enables it to be flexible enough to fit into any shape of the product. Wearable devices such as Fitbit combine the IoT with wearable accessories, blending fashion and function as they collect data. Moreover, smart textiles require ultra-thin flexible printed power source that can be integrated into the flexible design of the fabrics. Therefore, the demand for thin film and printed batteries is high for wearable devices applications

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Wearable Sensors Market estimated to be worth 1654.0 Million USD by 2022

The wearable sensors market is expected to grow from USD 189.4 million in 2015 to USD 1,654.0 million by 2022, at a CAGR of 30.14% between 2016 and 2022. Wearable technology indicates devices with components such as sensor, battery, connectivity, interface, and other material and algorithm. They are worn either on the body (on the neck, eye, ear, hand, wrist, and foot) or inside clothing. Wearable devices simplify human–computer interaction through a small computer worn on the body. The key devices in this category are activity trackers, smart clothing, smart glasses, smartwatches, augmented reality (AR) devices, wearable cameras, and gaming devices. In addition, they offer a wide range of services such as hands-free operation, real-time data monitoring, network communication, and logic calculations. Sensors are the most important component in wearable technology; they help generate information about the physical event or state. Sensors can measure everything from the surroundings including orientation, motion, light, sound, humidity, temperature, and biometrics such as blood pressure and heart rate. Additionally, continued innovation in sensor technologies is expected to expand the wearable technology capabilities even more. Thus, the need for sensors in wearable devices is one of the major factors supporting growth of the wearable technology ecosystem.

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“Accelerometers expected to hold a major share of the wearable sensors market during the forecast period”

Accelerometers are among the major sensors used in the wearable sensors market. Some of the prominent applications of wearable technology for this sensor are in wearable devices such as wristwear, bodywear, and eyewear. The demand for wristwear in sectors such as medical, healthcare, and consumer electronics is more compared with other end-user industries. Accelerometer sensors are widely used to detect velocity, position, shock, and vibration. They are widely used in smart watches and smart bands for tracking and navigation purposes.

“Market for bodywear application expected to grow at the highest rate between 2016 and 2022”

The wearable sensors market for the bodywear application is expected to witness the highest growth rate between 2016 and 2022. These are widely used in consumer electronics, industrial, and medical sectors for various applications. The bodywear application consists of textiles embedded with sensors, which is an emerging trend in the market. Bodywear offering works on fibertronics technology which integrates electronics and computational functionality into textile fabrics. They have attracted the emerging trend of techno-fashion clothing that brings sensors close to our skin for measuring various health and fitness parameters.

“Wearable sensors market in North America expected to grow at the highest rate during the forecast period”

Wearable sensors have a growing demand in North Americaowing to the increasing focus of the region toward industrial, consumer electronics, and healthcare sectors. In this study, the North Americanmarket has been segmented into Canada, Mexico, and the U.S. The APAC region is among the major markets for various sectors such as consumer electronics and industrial. Moreover, Europe is one of the potential markets for healthcare and industrial sectors as countries such as the U.K, Germany, and France are actively trying to strengthen their position in these markets.

The major companies involved in the development of wearable sensors include NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), TE Connectivity Ltd. (U.S.), Broadcom Limited (U.S.), Knowles Electronics, LLC. (U.S.), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), Asahi Kasei Corporation (Japan), Sensirion AG (Switzerland), InvenSense, Inc. (U.S.), Robert Bosch GmbH (Germany), Texas Instruments Incorporated (U.S.), Panasonic Corporation (Japan), mCube, Inc. (U.S.), ams AG (Austria), and ARM Holdings Plc. (U.K), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

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Flexible Battery Market | thin-film battery to account for the largest market share during the forecast period

According to the new market research report "Flexible Battery Market by Type (Thin-Film (Lithium-Ion, Lithium Polymer), Printed, Curved), Chargeability (Rechargeable, Single-Use), Application (Packaging, Smart Card, Wearable Devices, Consumer Electronics, Medical Devices) - Global Forecast to 2022", it was valued at USD 69.6 Million in 2015 and is estimated to be worth USD 958.4 Million by 2022, at a CAGR of 46.6% between 2016 and 2022.

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Market for thin-film battery to account for the largest market share during the forecast period.

The report covers the flexible battery market segmented by type, chargeability, application, and geographic region. Based on type, the thin-film battery segment held the highest market share of the flexible battery market in 2015. Thin-film batteries are used widely in applications such as smart packaging, smart cards, wearable devices, and medical devices. The trend of miniaturization in the products used in these applications has increased the demand for thin-film lithium-ion batteries, driving the growth of thin-film battery market significantly. With the advent of technology in these applications, there is a growing demand for thin-film batteries during the forecast period. The advancement in these applications is increasing the demand for thin-film batteries and thus driving the growth further.

“APAC expected to grow at the highest rate between 2016 and 2022”

APAC is expected to be the fastest-growing market for flexible battery during the forecast period. Major consumer electronics manufacturers in this region are innovating their product designs to run on thin power sources for compatibility with the flexible designs of their products. Thus, the advancement of technology in the smart packaging, consumer electronics sector, and the growing popularity of wearable devices in this region ate the major factors fueling the growth of the flexible battery market in APAC. Moreover, the penetration of Internet of Things (IoT) in medical devices and the miniaturization of wireless devices would further drive the demand for thin and flexible batteries in this region.

Major players involved in the development of flexible battery include Samsung SDI Co., Ltd. (South Korea), LG Chem Ltd. (South Korea), STMicroelectronics N.V. (Netherland), Enfucell Oy Ltd. (Finland), Blue Spark Technologies Ltd. (U.S.), Rocket Electric Co. ltd (South Korea), Fullriver Battery New Technology Co., Ltd. (China), Paper Battery Co. Inc. (U.S.), BrightVolt, Inc. (U.S.), Panasonic Corporation (Japan), Ultralife Corporation (U.S.), and NEC Energy Solutions (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

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Suite 430

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Automated Passenger Counting System Market | APAC to grow at a the highest CAGR during the forecast period

According to the new market research report "Automated Passenger Counting and Information System Market: APC by Technology (Infrared, Stereoscopic Vision, Time-of-Flight), Application (Buses, Trains, Ferryboats), PIS by Systems, Application, and Geography - Global Forecast to 2022", the automated passenger counting system market is expected to reach USD 298.0 Million by 2022, at a CAGR of 18.6% between 2017 and 2022, the passenger information system market is expected to reach USD 11.34 Billion by 2022, at a CAGR of 19.9% during forecast period.

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By passenger information system type, the market for passenger information mobile applications to grow at highest CAGR during the forecast period

The market for passenger information mobile applications is expected to grow at the highest rate for passenger information systems during the forecast period. Some of the driving factors for the growth of passenger information mobile applications are the advancements in technology, increasing use of smartphones among passengers, and the availability of mobile applications to access information irrespective of the location, view maps, easily access station and stop layouts, detailed information including schedules, fare, route information, and so on.

“APAC is expected to dominate the automated passenger counting and information system market between 2017 and 2022”

The APAC region comprises highly populated and rapidly developing countries such as China, India, and so on. These countries are investing huge amounts of money for developing the transportation sector to match the economic and cultural standards of developed countries, which would drive the automated passenger counting and information system market in the region. The increasing adoption of automated passenger counting and information systems in transit vehicles, including trains, metros, and buses, in the countries such as India, Australia, China, and others spurs the growth of the automated passenger counting and information system market.

The major players in the automated passenger counting and information system market include Iris-GmbH (Germany), HELLA Aglaia Mobile Vision GmbH (Germany), Eurotech S.p.A. (Italy), DILAX Intelcom GmbH (Germany), Infodev Electronic Designers International Inc. (Canada), Cisco Systems, Inc. (U.S.) Siemens AG (Germany), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd. (China), init innovation in traffic systems AG (Germany), Clever Devices Ltd. (U.S.), Retail Sensing Ltd. (U.K.), Syncromatics Corp. (U.S.), and Trapeze Group (Canada).

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

Markets and Markets

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Magarpatta city, Hadapsar

Pune, Maharashtra 411013, India

1-888-600-6441

Flexible Electronics & Circuit Market estimated to be worth 40.37 Billion USD by 2023

According to the new market research report "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", The flexible electronics market is expected to grow from USD 23.92 Billion in 2018 to USD 40.37 Billion by 2023, at the CAGR of 11.0% between 2018 and 2023. Flexible electronics are formed by mounting electronic devices on a flexible/plastic substrate, such as a polyimide or transparent conductive polyester film. The development of flexible electronics has spanned the past 40 years, ranging from the development of flexible solar cell arrays to flexible OLED electronics on plastic substrates. Flexible electronic devices are easier to integrate into the end product and also tend to be lighter in weight.

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The increasing adoption of flexible displays in smartphones and wearables is strongly driving market growth. The emergence of flexible batteries suitable for IoT and wearable applications is a good opportunity for market growth at the global level. Samsung Group (South Korea), LG Group (South Korea), and Solar Frontier (Japan) are some of the prominent players in the flexible electronics market.

The Flexible displays held the largest market share in 2017

Displays LCD and OLED are expected to hold the largest share of flexible electronics market during 2018–2023. The market for displays is led by industry leaders such as Samsung and LG who produce flexible OLED display panels that are largely being deployed in smartphones, smart wearables, and televisions. Leading smartphone manufacturers, such as Samsung and Apple, have adopted flexible OLED displays in their flagship smartphones. Flexible displays are also increasingly being deployed for television and digital signage applications due to their aesthetic appeal. The demand for flexible displays is expected to increase for more applications across various verticals are adopting the technology.

The automotive vertical is expected to demonstrate the fastest growth in the flexible electronics market during the forecast period

The automotive vertical is increasingly adopting flexible electronic devices as they can be easily integrated with the vehicle design allowing compact assembly. Flexible displays, OLED lighting solutions, and printed sensors are actively adopted in the automotive vertical. Flexible OLED lighting solutions are expected to be rapidly adopted for automotive applications due to their enhanced luminescence, improved power efficiency, and attractive design.

APAC region held the largest share of the flexible electronics market in 2017

APAC dominated the flexible electronics market, accounting for the largest market share in 2017. In addition, the region is likely to be the fastest-growing market for flexible electronics during the forecast period. APAC is the hub for manufacturers and customers of flexible OLED panels. In the market, Samsung and LG have been the leading companies that deploy flexible displays in smartphones and televisions. In APAC, Flexible sensors are also increasingly being used for healthcare applications. APAC has witnessed an increase in the installation of thin-film PVs in the recent years, and their deployment is expected to increase steadily in China. With Japan and India being prominent countries in the adoption of thin-film PVs, other countries in the region are also shifting toward renewable energy resources.

Some of the major companies operating in the flexible electronics market are Samsung Group (Samsung Electronics and Samsung SDI) (South Korea); LG Group (LG Display and LG Chem) (South Korea); Solar Frontier (Japan); First Solar (US); Panasonic (Japan); Konica Minolta (Japan); OLEDWorks (US); Blue Spark Technologies (US); BrightVolt (US); Heliatek (Germany); Cymbet (US); Palo Alto Research Center (US); Thin Film Electronics (Norway); Royole Corporation (US); FlexEnable (UK); and Enfucell (Finland).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441