Flexible Substrates Market by Applications (Medical & Healthcare, Automotive, Consumer Electronics, Energy, Defense & Aerospace Sector, and Utility & Power) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global flexible substrates market is expected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to rising demand for printed electronics technologies.
Flexible substrate is a thin, heat resistant material that is made of polymers such as polyethylene terephthalate and polyimide. In many electronics and computing devices, small printed circuit boards (PCBs) that transfer signals between screens and control prompts are made of flexible substrates. The most commonly used material for flexible substrates includes stainless steel, glass, and plastic.
Market Trends, Drivers, Restraints, and Opportunities:
- Improvements in flexible medical devices and increasing acceptance of electronic-based integrated circuit (IC) designing method is projected to drive the market during the forecast period.
- Rising need for organic light emitting diodes is anticipated to propel the market.
- Extensive use of flexible substrate materials in photovoltaics is expected to increase the market demand.
- Flexible substrates are anticipated to gain importance, due to the advantages offered by them, such as reliability, price, and performance.
- Flexible electronic devices are unbreakable, lighter than glass, and are silicon-based electronic devices. These factors are anticipated to fuel the market.
- Developments and upgradations in electronic devices such as making them lightweight, versatile, and robust is estimated to boost the market.
- Stringent government regulations may hamper the market growth.
- Growing demand for flexible, organic, and printed electronics is a major factor driving the market growth.
- Electronics, printing sensors, and low cost of fabrication of flexible substrates are expected to propel the market.
Scope of the Report:
The report on the global flexible substrates market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Flexible Substrates Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
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Segmentation |
Applications (Medical & Healthcare, Automotive, Consumer Electronics, Energy, Defense & Aerospace Sector, and Utility & Power) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered |
Heraeus Materials Technology GmbH & Co. KG, BenQ Materials Corporation, Polyonics, Inc., American Semicondoctor, Inc., Griff Paper and Film, Polyonics, Inc., E.I. DuPont de Nemours and Company, 3M Company, SCHOTT North America, Inc., Arlon Graphics LLC, Porex Corporation, and Rogers Corporation |
Market Segment Insights:
On the basis of applications, the global flexible substrates market is segregated as medical & healthcare, automotive, consumer electronics, energy, defense & aerospace sector, and utility & power. The consumer electronics segment is expected to expand at a robust CAGR during the forecast period. Constant development of substrate materials to provide flexible, transparent, and glass like permeability in electronic devices, is estimated to expand the market demand during the forecast period. Flexible substrates such as flexible barrier films protect electronic components from damage by environmental factors, water, and oxygen.
Opportunities associated with development of accessible and cost-efficient flexible electronic devices is expected to drive the market demand. Developments relating to substrate material and technology in order to match the flexibility with electronic devices may open opportunities for the flexible substrate market. Rapid rise in the use of flexible substrates in various commercial electronic appliances and increase in the number of solar projects is expected to raise the demand for flexible substrates in the region.
The automotive segment began using flexible substrates, due to rising dependence on computing technology in automobiles. With the arrival of smart cars, automakers require different ways to include smart components in the automotive appliances without adding any extra weight to the vehicle. The medical & healthcare segment is expected to expand at a robust CAGR, owing to the flexible nature and small size of PCBs made with flexible substrates, which are crucial in developing devices used in the medical industry. Flexible substrates are used in everything from electronic implants to surgical tools.
The power & utility segment is anticipated to expand at a rapid pace during the forecast period. Flexible substrates when combined with thin copper layers, can be used in power electronics.
On the basis of regions, the global flexible substrates market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to dominate the global market, due to availability of high-quality electronic equipment in the region. The market in Asia Pacific is estimated to gain importance during the forecast period, due to growing manufacturing facilities and availability of low-cost & skilled labor. Advanced electronic technologies in China, India, and Japan is anticipated to propel the market during the forecast period.
Segments
The global flexible substrates market has been segmented on the basis of
Applications
- Medical & Healthcare
- Automotive
- Consumer Electronics
- Energy
- Defense & Aerospace Sector
- Utility & Power
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Heraeus Materials Technology GmbH & Co. KG
- BenQ Materials Corporation
- Polyonics Inc.
- American Semicondoctor Inc.
- Griff Paper and Film
- Polyonics Inc.
- E.I. DuPont de Nemours and Company
- 3M Company
- SCHOTT North America Inc.
- Arlon Graphics LLC
- Porex Corporation
- Rogers Corporation
Competitive Landscape
Key players in the global flexible substrates market include Heraeus Materials Technology GmbH & Co. KG, BenQ Materials Corporation, Polyonics, Inc., American Semicondoctor, Inc., Griff Paper and Film, Polyonics, Inc., E.I. DuPont de Nemours and Company, 3M Company, SCHOTT North America, Inc., Arlon Graphics LLC, Porex Corporation, and Rogers Corporation. Mergers & acquisitions, product launches, and constant upgradations are the major strategies adopted by various industry manufacturers. Advancements in display industry in terms of products and technology and special emphasis on high resolution images is projected to increase the demand for flexible substrates market.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flexible Substrates Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flexible Substrates Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flexible Substrates Market - Supply Chain
4.5. Global Flexible Substrates Market Forecast
4.5.1. Flexible Substrates Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flexible Substrates Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Flexible Substrates Market Absolute $ Opportunity
5. Global Flexible Substrates Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Flexible Substrates Market Size and Volume Forecast by Applications
5.3.1. Medical & Healthcare
5.3.2. Automotive
5.3.3. Consumer Electronics
5.3.4. Energy
5.3.5. Defense & Aerospace Sector
5.3.6. Utility & Power
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Flexible Substrates Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Flexible Substrates Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Flexible Substrates Demand Share Forecast, 2019-2026
7. North America Flexible Substrates Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Flexible Substrates Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Flexible Substrates Market Size and Volume Forecast by Applications
7.4.1. Medical & Healthcare
7.4.2. Automotive
7.4.3. Consumer Electronics
7.4.4. Energy
7.4.5. Defense & Aerospace Sector
7.4.6. Utility & Power
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Flexible Substrates Demand Share Forecast, 2019-2026
8. Latin America Flexible Substrates Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Flexible Substrates Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Flexible Substrates Market Size and Volume Forecast by Applications
8.4.1. Medical & Healthcare
8.4.2. Automotive
8.4.3. Consumer Electronics
8.4.4. Energy
8.4.5. Defense & Aerospace Sector
8.4.6. Utility & Power
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Flexible Substrates Demand Share Forecast, 2019-2026
9. Europe Flexible Substrates Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Flexible Substrates Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Flexible Substrates Market Size and Volume Forecast by Applications
9.4.1. Medical & Healthcare
9.4.2. Automotive
9.4.3. Consumer Electronics
9.4.4. Energy
9.4.5. Defense & Aerospace Sector
9.4.6. Utility & Power
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Flexible Substrates Demand Share Forecast, 2019-2026
10. Asia Pacific Flexible Substrates Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Flexible Substrates Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Flexible Substrates Market Size and Volume Forecast by Applications
10.4.1. Medical & Healthcare
10.4.2. Automotive
10.4.3. Consumer Electronics
10.4.4. Energy
10.4.5. Defense & Aerospace Sector
10.4.6. Utility & Power
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Flexible Substrates Demand Share Forecast, 2019-2026
11. Middle East & Africa Flexible Substrates Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Flexible Substrates Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Flexible Substrates Market Size and Volume Forecast by Applications
11.4.1. Medical & Healthcare
11.4.2. Automotive
11.4.3. Consumer Electronics
11.4.4. Energy
11.4.5. Defense & Aerospace Sector
11.4.6. Utility & Power
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Flexible Substrates Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Flexible Substrates Market: Market Share Analysis
12.2. Flexible Substrates Distributors and Customers
12.3. Flexible Substrates Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Heraeus Materials Technology GmbH & Co. KG
12.4.2. BenQ Materials Corporation
12.4.3. Polyonics Inc.
12.4.4. American Semicondoctor Inc.
12.4.5. Griff Paper and Film
12.4.6. Polyonics Inc.
12.4.7. E.I. DuPont de Nemours and Company
12.4.8. 3M Company
12.4.9. SCHOTT North America Inc.
12.4.10. Arlon Graphics LLC
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flexible Substrates Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flexible Substrates Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flexible Substrates Market - Supply Chain
4.5. Global Flexible Substrates Market Forecast
4.5.1. Flexible Substrates Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flexible Substrates Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Flexible Substrates Market Absolute $ Opportunity
5. Global Flexible Substrates Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Flexible Substrates Market Size and Volume Forecast by Applications
5.3.1. Medical & Healthcare
5.3.2. Automotive
5.3.3. Consumer Electronics
5.3.4. Energy
5.3.5. Defense & Aerospace Sector
5.3.6. Utility & Power
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Flexible Substrates Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Flexible Substrates Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Flexible Substrates Demand Share Forecast, 2019-2026
7. North America Flexible Substrates Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Flexible Substrates Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Flexible Substrates Market Size and Volume Forecast by Applications
7.4.1. Medical & Healthcare
7.4.2. Automotive
7.4.3. Consumer Electronics
7.4.4. Energy
7.4.5. Defense & Aerospace Sector
7.4.6. Utility & Power
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Flexible Substrates Demand Share Forecast, 2019-2026
8. Latin America Flexible Substrates Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Flexible Substrates Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Flexible Substrates Market Size and Volume Forecast by Applications
8.4.1. Medical & Healthcare
8.4.2. Automotive
8.4.3. Consumer Electronics
8.4.4. Energy
8.4.5. Defense & Aerospace Sector
8.4.6. Utility & Power
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Flexible Substrates Demand Share Forecast, 2019-2026
9. Europe Flexible Substrates Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Flexible Substrates Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Flexible Substrates Market Size and Volume Forecast by Applications
9.4.1. Medical & Healthcare
9.4.2. Automotive
9.4.3. Consumer Electronics
9.4.4. Energy
9.4.5. Defense & Aerospace Sector
9.4.6. Utility & Power
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Flexible Substrates Demand Share Forecast, 2019-2026
10. Asia Pacific Flexible Substrates Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Flexible Substrates Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Flexible Substrates Market Size and Volume Forecast by Applications
10.4.1. Medical & Healthcare
10.4.2. Automotive
10.4.3. Consumer Electronics
10.4.4. Energy
10.4.5. Defense & Aerospace Sector
10.4.6. Utility & Power
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Flexible Substrates Demand Share Forecast, 2019-2026
11. Middle East & Africa Flexible Substrates Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Flexible Substrates Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Flexible Substrates Market Size and Volume Forecast by Applications
11.4.1. Medical & Healthcare
11.4.2. Automotive
11.4.3. Consumer Electronics
11.4.4. Energy
11.4.5. Defense & Aerospace Sector
11.4.6. Utility & Power
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Flexible Substrates Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Flexible Substrates Market: Market Share Analysis
12.2. Flexible Substrates Distributors and Customers
12.3. Flexible Substrates Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Heraeus Materials Technology GmbH & Co. KG
12.4.2. BenQ Materials Corporation
12.4.3. Polyonics Inc.
12.4.4. American Semicondoctor Inc.
12.4.5. Griff Paper and Film
12.4.6. Polyonics Inc.
12.4.7. E.I. DuPont de Nemours and Company
12.4.8. 3M Company
12.4.9. SCHOTT North America Inc.
12.4.10. Arlon Graphics LLC
The global flexible substrates market has been segmented on the basis of
Applications
- Medical & Healthcare
- Automotive
- Consumer Electronics
- Energy
- Defense & Aerospace Sector
- Utility & Power
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Heraeus Materials Technology GmbH & Co. KG
- BenQ Materials Corporation
- Polyonics Inc.
- American Semicondoctor Inc.
- Griff Paper and Film
- Polyonics Inc.
- E.I. DuPont de Nemours and Company
- 3M Company
- SCHOTT North America Inc.
- Arlon Graphics LLC
- Porex Corporation
- Rogers Corporation
Key players in the global flexible substrates market include Heraeus Materials Technology GmbH & Co. KG, BenQ Materials Corporation, Polyonics, Inc., American Semicondoctor, Inc., Griff Paper and Film, Polyonics, Inc., E.I. DuPont de Nemours and Company, 3M Company, SCHOTT North America, Inc., Arlon Graphics LLC, Porex Corporation, and Rogers Corporation. Mergers & acquisitions, product launches, and constant upgradations are the major strategies adopted by various industry manufacturers. Advancements in display industry in terms of products and technology and special emphasis on high resolution images is projected to increase the demand for flexible substrates market.
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