What is the future of Flexible Substrates Market? Know Covid Impact on Size, Share & Forecasts
June 18, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Flexible Substrates Market.
It was estimated prior to this unanticipated outbreak that the Flexible Substrates Market was expected to grow at a CAGR of 15.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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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 high 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 high 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.
Key Players:
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
- COVID-19 Impact Assessment
- 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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