The flexible glass for flexible electronics market size is predicted to be worth US$ 31.7 billion in 2022, rising to US$ 71.67 billion by 2032. The market demand is expected to expand at a significant CAGR of 8.5% during the forecast period.
| Attributes | Details |
|---|---|
| Flexible Glass for Flexible Electronics Market CAGR (2022 to 2032) | 8.5% |
| Flexible Glass for Flexible Electronics Market Size (2022) | US$ 31.7 billion |
| Flexible Glass for Flexible Electronics Market Size (2032) | US$ 71.67 billion |
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Consumer sector
Consumer need for better user experiences is the key factor driving the demand for flexible glass for flexible electronics. This is as the devices with larger displays may be made using flexible glass, which is lighter and thinner than conventional glass.
As flexible glass is also very tough and resistant to high and low temperatures, making it an excellent material for consumer electronics, it is highly popular in the consumer sector.
A sturdy and long-lasting material, like flexible glass, is required for the building of foldable products, which has further boosted the sales of flexible glass for flexible electronics in the consumer sector. The market is also expanding as a result of the rising demand for touch-enabled displays, such as those found in smartphones, tablets, and wearables.
Industrial Sector
Due to its potential to completely transform the electronics sector, flexible glass for flexible electronics is an emerging technology that is gaining traction in the industrial sector. Due to the transparent layers which are used to create flexible glass, manufacturers of flexible glass for flexible electronics see immense opportunities.
The most recent market adoption trends involve products with flexible electronics, bendable screens, and flexible solar cells.
The market is moderately fragmented, as there are so many local enterprises. In an effort to grow their market share, several players in the industry are pursuing strategies like investments, collaborations, acquisitions, and mergers.
Businesses are also spending money on improving their products. Additionally, they are focusing on maintaining competitive prices. In order to produce flexible electrophoretic displays (EPDs) for wearable technologies, E Ink Holdings made a strategic investment in Plastic Logic HK in June 2019.
Principal Consultant
The increasing sales of smartphones and tablets in emerging nations like India and China are considerably contributing to the sales of flexible glass for flexible electronics. The demand for solar panels and photovoltaic cells across the region is anticipated to be significantly driven by the rising government investments in renewable energy projects.
Additionally, it is projected that during the projection period, the increasing usage of renewable energy sources would increase growth possibilities for the expansion of the global market.
Glass is a non-crystalline solid which is mostly transparent and has technological, practical and decorative usage in things like window panes, electronic devices, tableware, Containers & so many. The oldest type of glass is based on the chemical compound silica which is the primary constituent of sand as well.
Moving on to Flexible glass for flexible electronics, which is an ultra-thin glass with flexible and stretching feature along with all the properties of a rigid glass material like high barrier properties, Optical transmission properties, strength, hermeticity, temperature stability and durability with flexibility.
Flexible glass for flexible electronic’s market is increasing mainly because of its surface finishing, light weight and durable nature which increases the attractiveness & life time of the product in which it is being used and make it handy and light in weight. Flexible glass for flexible electronics also holds the key to next generation electronics gadgets which are roll able, flexible and wearable.
Global flexible glass for flexible electronics market is expected to grow with a significant CAGR during forecast period.
The key drivers for the flexible glass for flexible electronics market is the emerging demand of consumer electronics like smart phones, tablets, wearable & TV as the rigid glass display is being replaced by flexible ultrathin glass display which gives electronics gadgets very slim look, durability, scratch resistivity, light in weight feature, Flexible or bendable screen & hence plays an important role in driving flexible glass for flexible electronics market.
Emerging of wearable technology has also been proving an important driver, as wearable needs to be flexible & light weight & it is being achieved with the implementation of flexible glass for flexible electronics. The restraints of flexible glass for flexible electronics market is existing rigid glass devices with lower prices.
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Global flexible glass for flexible electronics market is segmented into application, end user and region. On the basis of applications, global flexible glass for flexible electronics market is segmented into two broad segments such as; consumer application & industrial application.
Consumer application includes touch panel sensor market, flexible printed circuit board used in electronics gadgets and OLEDs lightning market. Almost every electronics gadget is coming with touch screen hence the rising probability of flexible touch panel sensors market is fair.
The industrial applications are power fiber means functional substrate material for thin-film battery technologies & to replace semiconductor substrate in electronics components to make electronics devices flexible & durable.
On the basis of end user flexible glass for flexible electronics market is segmented as displays market, OLED market, smart phones and tablet market & other gadgets and wearable market. During the forecast period display market is expected to dominant over the rest of all.
Geographically, the market is segmented into seven regions, North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific (excluding Japan), Japan as a separate region and Middle East & Africa. The largest market of flexible glass for flexible electronics is in North America followed by Western Europe and Asia Pacific & it is expected that North America will maintain its dominance in the forecasting period too.
With the rise in the demand of smart phones, tablets & other electronic gadgets in Asia Pacific region, it is expected to witness highest growth in the flexible glass for flexible electronics market during the forecast period.
Some of the key players of flexible glass for flexible electronics market are Schott AG, Asahi Glass Co. Ltd., Tokyo Electron, Nippon Electric Glass Co. Ltd, Corning Inc., Abrisa Technologies, Universal Display Corporation, LiSEC Group, Kent Displays, Dupont Display, Materion Corporation & Saint-Gobain.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Flexible Glass for Flexible Electronics Market
