According to the current analysis of Reports and Data, the
global flexible
substrates market was valued at USD 402.9 Million in 2018 and is
expected to reach USD 1104.6 Million by year 2026, at a CAGR of 14.0 %. The
study covers in-depth analysis of flexible substrates and challenges faced by
them. Flexible substrates are substance or fundamental layer. They are used in
flexible electronics, (a technology of assembling electronic circuits), where
the electronic devices are mounted on flexible substrates. Flexible substrates
are primarily used foe exploration of photovoltaics. The global flexible
substrates market is driven by rise in the increase of printed technologies,
increasing demand for the organic light emitting diodes (OLED), increasing
digitalization and penetration of consumer electronic products. Printed
Electronics bring together the industries of microelectronics, electronics
assembly and printing. This fast-growing technology makes it possible to print
circuits, sensors, memory, batteries and displays, all onto thin, lightweight,
flexible substrates. Continuous fluctuations in the prices of raw materials,
high manufacturing costs are some of the major hindrance faced by the flexible
substrates market.
To identify the key trends in the industry, click on the
link below:
Further key findings from the report suggest
Ø Increase
in the consumer electronics industry as well as environmental friendliness of
batteries are some of the key factors for the growth of flexible substrates
market.
Ø Flexible
substrates can be used in number of industries for various kinds of purposes.
Thus, is also one of the main reasons for the rise in the sales of flexible
substrates
Ø Lately,
one of the most interesting areas in the flat panel display industry is the
emergence of flexible displays. To enable a flexible flat panel display,
flexible plastic substrates must be applied to replace conventional glass
substrates. However, limitations of plastic materials in optoelectronic device
applications are their permeability of oxygen and moisture. Thus, high
performance gas barrier coating is indispensable on the surface of plastic
substrates. The silicon based inorganic thin films deposited by plasma-enhanced
chemical vapor deposition (PECVD) has been extensively used as gas barrier
films.
Ø In
order to attract larger number of customers many companies are engaged in the
launch of new products and acquisitions. For instance, Corning EAGLE XG Slim
glass of 0.4 mm thickness in sizes up to Gen 8.5. It provides improved
performance and greater reliability for curved TV panels. It also helps in
producing thinner and lighter large -size displays. Other than this, Corning
invested USD 1.3 billion in a Gen 10.5 glass substrates and Gen 8.5 glass
substrates
Ø North
America is the largest revenue generating region global flexible substrates
market with a CAGR 13.8%. It holds 42.7% of the total market share owing to its
technological advancements in consumer electronics industry. The second highest
share is held by European region (28.9%) in the flexible substrate market
Ø Asia
Pacific region is the fastest growing region in the global flexible market
which accounts for 20.6% of the total market share with a CAGR 15.1 owing to
increasing demand from the consumer electronics and solar energy sectors in
countries in this region. China market is expected to account for major share
in terms of revenue in the Asia Pacific, whereas the India market is projected
to register highest CAGR over the forecast period.
Ø The
plastic segment in flexible substrates market is anticipated to grow at the
highest CAGR (14.5%) and lead the market during the forecast period owing to
its low cost involved in using technology for producing low-cost, flexible
printed circuit boards, thereby enabling increased production of consumer
electronics
Ø The
glass and metal segments hold 31.3% and 10.4% of the total market share
respectively
Ø Key
players in the flexible substrates market include Schott, Teijin, Kolon
industries, Nippon Electric Glass, American semiconductor, Heraeus, Corning
Read More Report of
Information and Communication Technology Category at: https://www.reportsanddata.com/report/category/information-technology
For the purpose of this report, Reports and Data has
segmented the flexible substrates market on the basis of type, end use, and
region:
Type (Revenue, USD Million; 2016–2026)
- Plastic
- Metal
- Glass
End Use (Revenue, USD Million; 2016–2026)
- Consumer
electronics
- Medical
&healthcare
- Aerospace
- Defense
- Solar
energy
Regional Outlook (Revenue in USD Million; 2016–2026)
- North
America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest
of the Europe
- Asia
Pacific
- China
- India
- Japan
- Rest
of Asia-Pacific
- Middle
East & Africa
- Latin
America
- Brazil
Request FREE Sample
Copy of This Research Report at: https://www.reportsanddata.com/sample-enquiry-form/1466
No comments:
Post a Comment