Flexible Substrates Market likely to witness an impressive CAGR of 15.2% by 2025, as estimated by Stratview Research
March 12, 2020
Stratview Research in its recent report has offered an overlook of the current Flexible Substrates Market scenarios and has also estimated the Flexible Substrates Market size to witness an impressive CAGR of 15.2% by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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Flexible substrates are the technology where flexible circuits are mounted on a plastic or other substrates. These are used as a form of protection against electric shocks.
Flexible substrates can be made up of metal, plastic, or glass. They are used in a number of application areas such as consumer electronics, solar energy, healthcare, aerospace, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as metal, plastic, and glass. The plastic type segment held the largest share of the market in 2018, and this segment is also likely to register the highest growth during the forecast period. The high growth of the segment is owing to the growing demand for low-cost flexible substrates from the electronics industry across the globe.
Based on the application type, the market is segmented as consumer electronics, solar energy, medical & healthcare, aerospace & defense, and others. The consumer electronics application segment occupied the largest share of the market in 2018, and is also expected to depict the highest growth in the coming five years. The growing use of flexible substrate in display and other portable devices is propelling the growth of the consumer electronics application segment of the global flexible substrates market.
In terms of regions, the Asia-Pacific region is expected to command the flexible substrates market during the forecast period. The growth of the region’s market can be attributed to the economic development shaping up in different countries of the Asia-Pacific region. In addition, increased investments by private companies of the electronics industry in the Asia-Pacific region are also generating demand for flexible substrates in the region. The flexible substrates markets in China and India are also portraying significant growth, due to the increased production of electronics in these countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/753/flexible-substrates-market.html
Highlights of the Report:
Flexible Substrates Market is likely to witness an impressive CAGR of 15.2% during the forecast period. Increasing demand from the electronics industry across the globe is the major factor driving the global flexible substrates market. Apart from being used for the production of solar modules, flexible substrates are also increasingly being used in the production of flexible printed circuit boards. Further, their augmented use in the manufacturing of medical & healthcare devices is also underpinning the growth of the flexible substrates market across the globe during the forecast period. Growing consumption of flexible substrates in solar application is further contributing towards the growth of the global market.
Some of the major players in the flexible substrates market are American Semiconductor, Inc., Corning Inc., Doosan Electronics, Dupont Teijin (Indorama), FLEXcon, Heraeus, I-Components Co., Ltd., Kolon Industries, Inc., Mitsubishi Chemical Corporation, and Nippon Electric Glass Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Flexible Substrates Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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