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
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Applications (Medical & Healthcare, Automotive, Consumer Electronics, Energy, Defense & Aerospace Sector, and Utility & Power)
|
|
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
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.
Request For Customization
Enquiry Before Buying
Speak With Analyst
