Market Research Report
UK Flexible Electronics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942758|
Delivery time: 2-3 business days
|UK Flexible Electronics Market 2019-2025|
|Published: February 11, 2020||Content info:||
UK 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
UK flexible electronics market is estimated to grow considerably at a CAGR of around 16.0% during the forecast period. UK is among the largest economy in Europe, majorly owing to its trading power and financial businesses. The rising penetration of advanced feature smartphones, laptops, and TV in UK is setting up the positioning of flexible electronics in the consumer electronics sector. According to UK's communications regulator, Ofcom, around two-third of the population in UK owned a smartphone in 2015. As per Ofcom, nearly 33% of the internet users have accepted that smartphone is the most important device for their on-going life. This, in turn, is anticipated to increase the trend for flexible electronics in UK, owing to increasing demand for thin, lightweight, and appropriate shaped smartphones.
The British government has noticed the growing deployment of flexible electronics in future electronics products such as health monitoring devices, x-ray detectors, smartphones, and e-papers. The country is developing a capability in the flexible electronics industry, with the assisting of numerous public and private sector companies and research institutes and universities. There are several current activities being noticed in the field of flexible electronics in UK. The researchers of Cavendish Laboratory located at the University of Cambridge have demonstrated that conjugated polymer diodes have the ability of emitting light when they are electrically stressed.
The companies which are contributing to the growth of UK flexible electronics market include PragmatIC, 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 November 2018, PragmatIC announced its strategic partnership with TALKIN' THINGS. The collaboration is aimed at strengthening the consumer base and expansion of its product portfolio with the development of a custom integrated circuit system for the consumers. The company has also focused on brand protection of trillion of products.
The market study of the UK 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: