Rise in the demand for OLEDs (Organic light emitting diodes), printed electronics technologies are key factors contributing to high CAGR of flexible substrates during forecast period.
Market Size – USD 402.9 Million in 2018, Market Growth - CAGR of 14.0%, Market Trends – Product launches and research for advanced flexible substrates
NEW YORK, June 04, 2019 (GLOBE NEWSWIRE) -- 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 for 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.
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Further key findings from the report suggest
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Segments covered in the report:
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)
End Use (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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