The global flexible electronics market is expected to grow at a CAGR of 10.44% during the forecast period of 2018-2026. The flexible electronics market has been segmented into four major regions, namely North America, Europe, Asia-Pacific and Rest of the World. The flexible electronics market is spearheaded by firms such as Samsung, LG, E Ink, First Solar and many more.
Flexible electronics is a technology for assembling electronic circuits by mounting electronic devices on flexible plastic substrates. Flexible circuits are also called as flexible printed circuit boards. The consumer goods industry has notably developed and is now preparing for the next level with the presence of flexible electronics. The major buying factors for flexible electronics are low power consumption, cost, reliability and ease of use. Low consumption of power is also one of the major buying factors. The processes and materials for manufacturing flexible electronics differ from traditional electronics, but the aim is to make them cost lower than conventional electronics.
The continuous advancements in the field of science are creating newer growth plans for the flexible electronics market in the Asia Pacific region. The region is expected to have the highest annual growth rate during the forecasted period. The region is followed by North America and Europe. India is projected to be the fastest growing country in the global flexible electronics market. The growth of the Indian flexible electronics market is backed by the increasing demand for consumer electronics and the digital revolution that the country is going through.
Leading companies associated with the global flexible electronics market are 3M, Apple Inc., Au Optronics Corporation, Brightvolt, Cymbet Corporation Inc., E Ink Holdings, First Solar Inc., Front Edge Technology, Ge Measurement & Control Solutions, Itn Energy Systems Inc, Lg Electronics, Panasonic, Pragmatic Printing Limited, Samsung Electronics Co., Ltd., Solar Frontier K.K. and Thin Film Electronics Asa.