Global Flexible Electronics Market: An Affordable Alternative of Conventional Electronics

Global Flexible Electronics Market

Flexible electronics is a technology that enables you to construct electronic circuits on flexible plastic substrates. They allow fresh product concepts with standard semiconductors and glass substrates that are not feasible. Different plastic substrates such as conductive polyester film, PEEK or polyamide are used.  They are usually thin, light, and flexible. The use of indiscernible components for inflexible printed circuit sheets can make flexible electronic circuits, allowing the board to fit into a desired form. Flexible electronic assemblies can be produced using the same parts used for rigid circuit boards, enabling the board to conform to the required form or to flex during its use.  These flexible electronics are widely used in different industries such as healthcare, automotive, energy & power and others.

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Some of the factors responsible for the growth of this market are as follow:

  • Flexible electronics and circuits reduce the size and weight of any electronic device: These flexible electronic have the ability to decrease the overall size and weight of the object. In combination with organic transistors, using a plastic substratum rather than glass helps make the entire stack very thin. Mainly plastics such as TAC and PET are used which are very thin. Display density and weight are particularly significant characteristics that require large-scale displays such as automotive and digital signage for apps. In sensor application too, the device weight and thickness matter.

The global flexible electronics market can be segmented in vertical and application segments. Based on vertical the market can be segmented into consumer electronics, energy & power, healthcare, automotive, military, defense and aerospace, industrial and others and application can be segmented into display, Thin-Film Photovoltaics (PV), printed sensor, battery, OLED lighting and others. Display can be further sub segmented into LCD and OLED. Thin-Film Photovoltaics (PV) can be further sub segmented into CdTe, CIGS and a-Si. Printed Sensor can be further sub segmented into biosensor, image sensor, touch sensor, pressure sensor, temperature sensor, gas sensor and humidity sensor. Battery can be further sub segmented into thin-film battery, curved battery, printed battery and others.

Some of the launches and acquisition in the market are as follow:

  • In June 2019, Oki Electric Cable Co Ltd announced the launch of their new Stretchable Flexible Printed Circuits, Stretchable FPC. The main aim of the launch is to meet the rising demand of new features in the flexible feature circuits which are used as wiring material. Stretchable FPC provides elasticity by replacing the widely used polyimide with an elastic substrate in existing FPCs. It is heat resistant and has the ability to be stretched repeatedly. It can also be used as a wearable device for to diagnose disease in the chest
  • In May 2019, Himax Technology announced the launch of their  flexible OLED automotive display driver and timing controller  which is specially designed for the BOE Technology Group Co., Ltd. This new OLED automotive display will provide high quality image, is light weight & slim and can be controlled via smartphones. This collaboration will help the company to create new growth opportunity and provide better solutions to their customers

 “According to Data Bridge Market Research, global flexible electronics market accounted to grow at a healthy CAGR of 11.3% the forecast period of 2018 to 2025”

The renowned players in flexible electronics market are Samsung Group (Samsung Electronics and Samsung SDI); LG Group (LG Display and LG Chem), Solar Frontier, First Solar; Panasonic; Konica Minolta; OLEDWorks; Blue Spark Technologies; BrightVolt (US); Heliatek, Cymbet, Palo Alto Research Center, Thin Film Electronics, Royole Corporation, FlexEnabled,  Enfucell, Planar Energy Devices, Imprint Energy, E Ink Holdings, Ayla Networks, greenTEG, NextInput among others.

Flexible electronics enable flexible elements such as flexible displays and sensors to remove form factor limitations and create creative liberty for designers.  Today many automotive designers are using these flexible electronics so they can improve the visibility and safety. As compared to the conventional electronics they are way more cost effective due to which they are facing a very high demand in the market.