Market Research Report
Asia-Pacific Flexible Electronics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942752|
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|Asia-Pacific Flexible Electronics Market 2019-2025|
|Published: February 11, 2020||Content info:||
Asia-Pacific Flexible Electronics Market Size, Share & Trends Analysis Report by Type of Component (Flexible Display, Flexible Battery, Flexible Sensors, and Flexible Memory), by Application (Consumer Electronics, Healthcare, Automotive, Energy and Power, Defense and Aerospace, and Others) and Forecast, 2019-2025
Asia-Pacific flexible electronics market is estimated to grow significantly at a CAGR of around 15.9% during the forecast period. Rising consumer electronic industries, increasing adoption of smartphones and tablets, technological advancement in wearable sensor materials, vast population base are the major driving factors of the market in the region. The region is witnessing higher growth among other regions across the globe owing to rapid urbanization, increasing electric vehicle sales and two of its major emerging economies India and China. The flexible electronics market is expected to grow at a much higher rate in Asia-Pacific. The major countries which will be the significant market in the coming time period are India, China, South Korea, and Japan. Apart from these nations, Pakistan, ASEAN countries and Australia are some major countries where a considerable market will be observed in the coming time period.
South Korea flexible electronics market has been witnessing remarkable growth due to the presence of major players, such as LG Electronics, Inc. and Samsung Electronics Co., Ltd. These companies are giving competition to global firms on flexible displays. LG Electronics, Inc. provides access to the most flexible and advanced access to flexible TVs and accessories in the market. In 2017, the company unveiled its first 77-inch transparent and flexible OLED display that features an Ultra-HD resolution (UHD) along with 40% transparency. South Korean government is also supporting LG Electronics, Inc. for flexible OLED displays. The company is investing significantly in a flexible OLED display. For instance, in 2016, the company declared that it will invest nearly $1.79 billion in flexible OLED display manufacturing line in Paju, South Korea. This investment is a part of its efforts to change and dominate the era of flexible OLED screens for mobile devices.
The companies which are contributing to the growth of the Asia-Pacific flexible electronics market include 3M Co., BASF SE, Fujikura Ltd., LG Electronics, Inc., and Samsung Electronics Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in 2018, Fujikura Ltd. launched the world's highest fiber density cable 6,912F wrapping tube cable with a small diameter and lightweight. Spider Web Ribbon (SWR) technology is used in order to achieve this development. SWR is Fujikura's innovative 12 core optical fiber ribbon which has an extraordinarily flexible design.
The market study of the Asia-Pacific flexible electronics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
The Report Covers: