Flexible electronics, popularly known as flex circuits, have created a vibrant market since the past few years. They find a wide range of applications in healthcare and medical, wearable electronics, automotive, mobile devices, consumer electronics, military and defence, and biometrics, and continue to transform the way the electronics are being used and made conventionally. The global market of flexible electronics, though currently in its developing stage, is predicted to gain momentum in the near future and grow at a double digit CAGR over the forecast period 2014-2020.
In addition to offering transformational advantages in terms of product shape, weight, and durability, flex circuits also provide 3D configurations to product designs. Flex circuits have also held significant impact on allied industries, including wearable electronics, smart medical devices, cell phones, connectors, and IoT.
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Global Flexible Electronics Market: Key Drivers
Superiority of Compact, Flexible Devices
As consumer devices are turning more compact retaining their smarter and more integrated functioning, the demand for flex circuits is anticipated to escalate. Flex circuits are printed on ultra-thin substrates such as plastic, which impart them the foldable, rollable, and bendable characteristics without affecting the functionality.
Preference to Light Weight, Portable Devices
Consumers are increasingly preferring light weight devices over conventional ones, for the convenience of portability. Flexible electronics are formed on Kapton or similar materials, which carry more than 70% of their weight and offer immense flexibility. This is another key property that pushes the demand for flex circuits in the market.
Higher Energy Efficiency
Devices based on the flexible electronics technology consume lesser energy compared to conventional electronicdevices, and generate lesser...