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.   

Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1466

Further key findings from the report suggest

• 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.
• Flexible substrates can be used in a 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.
• 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.
• In order to attract a 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.
• 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
• 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.
• 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.
• The glass and metal segments hold 31.3% and 10.4% of the total market share respectively.
• Key players in the flexible substrates market include Schott, Teijin, Kolon industries, Nippon Electric Glass, American semiconductor, Heraeus, Corning.

To identify the key trends in the industry, click on the link below:  
https://www.reportsanddata.com/report-detail/flexible-substrates-market

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)

• Plastic
• Metal
• Glass

End Use (Revenue, USD Million; 2016–2026)

• Consumer electronics
• Medical &healthcare
• Aerospace
• Defense
• Solar energy 

Order Now: https://www.reportsanddata.com/checkout-form/1466

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

Browse more reports of Consumer Electronics category at:  https://www.reportsanddata.com/report/category/consumer-electronics

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John Watson

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-800-819-3052

E-mail: sales@reportsanddata.com

Report Abuse