The report "Flexible Electronics & Circuit Market with COVID-19 Impact Analysis by Structure Type (Single Sided Flex Circuit, Multilayer Flex Circuit), Application (Displays, Printed Sensors), Vertical (Consumer Electronics), and Geography - Global Forecast to 2026", size is projected to reach USD 48.5 billion by 2026 from an estimated USD 31.9 billion in 2021, at a CAGR of 8.8% from 2021 to 2026. The rising demand for consumer electronic devices is among the factors driving the growth of the flexible electronics & circuit market.
Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50634885
By application, OLED lighting segment is expected to record the highest CAGR during the forecast period
The OLED lighting segment of the flexible electronics market, based on application, is expected to record the highest CAGR during the forecast period. Flexible OLED lighting solutions are expected to be increasingly used in the automotive industry by high-end car manufacturers, such as General Motors, Tesla, and Audi. The presence of prominent lighting solution manufacturers such as Acuity Brands, LG Display, and OSRAM is also expected to boost the flexible electronics market for OLED lighting.
By vertical, automotive is projected to grow at highest CAGR during forecast period
The automotive vertical is expected to record the highest CAGR during the forecast period. This growth can be attributed to the deployment of flexible displays (LCD and OLED) and OLED lighting panels in vehicles. The demand for flexible lighting is expected to increase globally among prominent automotive manufacturers such as Ford, General Motors, Nissan, Toyota, BMW, and Audi. The LG and Hyundai collaboration for flexible displays in electric vehicles will also significantly contribute towards market growth.
By region, APAC Flexible electronics & circuit market estimated to grow at highest CAGR throughout the forecast period
APAC held the largest share of the overall flexible electronics market, based on region, in 2020. The growth of the market can be attributed to the presence of leading players from the flexible electronics ecosystem such as Samsung Group, LG Corp., Panasonic Corporation, and Konica Minolta Inc. These players have captured a major share of the flexible electronics market, thereby contributing significantly to the growth of the market in APAC. The flexible electronics market in North America is projected to record the highest CAGR from 2021 to 2026, largely due to the increasing establishment of high-technology industries of flexible electronics for military use. A number of US states that are at the forefront of innovation have established research centers for flexible and printed electronics.
Samsung Group (South Korea), LG Corp. (South Korea), Panasonic Corporation (Japan), The 3M Company (US), Konica Minolta Inc. (Japan), First Solar, Inc. (US), E Ink Holdings (Taiwan), PragmatIC Printing Ltd. (UK), Blue Spark Technologies, Inc. (US), and BrightVolt Technologies (US), are some of the key players in the flexible electronics & circuit 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:Mr. Aashish Mehra
MarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441
No comments:
Post a Comment