Market Research Report
Asia-pacific Flexible Electronics Market Forecast 2021-2028
|Asia-pacific Flexible Electronics Market Forecast 2021-2028|
Published: July 19, 2021
Content info: 165 Pages
Delivery time: 2-3 business days
The Asia-Pacific flexible electronics market growth is set to progress at a CAGR of 7.86% during the forecast period, 2021-2028. The thriving consumer electronic industries and the growing adoption of tablets and smartphones are the dominant factors propelling the market growth.
Thailand, Japan, China, South Korea, India, Australia & New Zealand, Vietnam, Indonesia, and Rest of Asia-Pacific are evaluated for the Asia-Pacific flexible electronics market growth analysis. India has few organizations that cater to the demand for flexible electronics. In 2014, the National Centre for Flexible Electronics was established through a grant from the Department of Electronics and Information Technology (DeitY). This will help establish the country as a leading player in the emerging field of flexible electronics. This is essential strategically and commercially, enabling significant savings in foreign exchange since technology need not be imported to establish a product line.
In Indonesia, the market growth is majorly attributed to flexible photovoltaics. The country's tropical climate with continuous sunlight is favorable for integrating Renewable Energy Sources (RES) from solar energy to electrical power systems. According to the electricity supply business plans from the national electric company (PLN), Indonesia can generate over 270 GW from solar energy.
As per stats, Vietnam is becoming an important location for low-cost electronics manufacturing. It is also evaluated as a long-term competitor to China, Eastern Europe, and Mexico in terms of low-cost manufacturing. Moreover, foreign companies are investing in a flexible electronics manufacturing assembly plant.
Some of the leading companies in the market are: LG Electronics Inc, Multi-Fineline Electronix Inc, Samsung Electronics Co Ltd, Au Optronics Corp, Konica Minolta, etc.