Global Flexible Electronics Market Revenue to Hit $20.67B by 2022
October 21, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Flexible Electronics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The global flexible electronics market is anticipated to grow at a CAGR of 25% during 2016 to 2022. The market has generated the revenue $5.42 Billion in 2016 and is anticipated to reach up to $20.67 Billion by 2022. Increasing consumer goods industry, distinctive features of flexible circuits, light weight and compact structure, environment-friendliness of the batteries helps to increasing the market of rich communication suite service.
The North America accounted for over 30% of the global revenue in 2015. The region is characterized by the attendance of numerous research universities, which are involved in research projects with subjects relevant to the technology followed by Asia Pacific. The Asia Pacific is anticipated to witness optimistic growth at CAGR exceeding 17% in the forecasted period. It may be accredited to the presence of several large industrial groups with extensive developed capabilities in segments reliably relevant to the production of flexible electronic devices.
The Europe flexible electronics market was over $5 billion in 2015. Efforts portray by an extremely wide range of research projects subsidized at the Europe level, unbreakable by extensive national and regional initiatives in countries such as Finland, Germany, Netherlands, the UK and Belgium for the development of this technology are anticipated to play a significant role in driving the demand.
Suggested Items
Electronics Industry Sentiment Rose in April, Hitting New High
05/02/2024 | IPCApril 2024 marked the third consecutive month of sentiment growth among electronics manufacturers. When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
NextFlex Convenes the Hybrid Electronics Community at Binghamton University
05/01/2024 | NextFlexBinghamton University hosted the NextFlex hybrid electronics community on April 18 for a day of expert presentations, breakout sessions on technology and manufacturing topics, and networking.
HQ NextPCB of HQ Electronics Debut on the International Stage for Electronics Manufacture at IPC APEX 2024
05/01/2024 | PRNewswireHQ NextPCB of HQ Electronics, a leading Chinese-based multilayer PCB manufacturer and assembly house showcased its industrial prowess on the international stage for the first time at the IPC APEX Expo 2024.