European Flexible Electronics Market Size, Share & Trends Analysis Report by Type of Component (Flexible Display, Flexible Battery, Flexible Sensors, and Flexible Memory), by Application (Consumer Electronics, Healthcare, Automotive, Energy and Power, Defense and Aerospace, and Others) and Forecast, 2019-2025.
The European flexible electronics market is estimated to grow modestly, at a CAGR of around 14.5%, during the forecast period. Europe contributes a significant share in the flexible electronics market. Flexible electronics have a range of applications across automotive, healthcare, smartphones, defense, and wearable devices, among others. Europe has been significantly contributing to the market, owing to the growing number of start-ups and demand for early and accurate detection and monitoring of diseases. The increasing expenditure in the electronics, automotive, and healthcare sector by the European countries have increased in the past few years.
Europe is considered as a prominent electronics region, designing and manufacturing leading-edge micro and nanoelectronics solutions for the global electronics market. The electrical and electronics engineering sector of the region provides huge potential for innovative development and attracting a large sales market. Europe’s legislative bodies continuously strive for more fuel and energy efficiency, for propelling growth for the electronics sector in the automotive, lighting, and building sectors. Electronics industries are striving to develop smart and much more automated electronics products for the increasingly aging population in the region. This includes wireless wearable devices for health monitoring, which are substantially increased the demand for electronic innovation in this sector.
EU Framework Programs aims in providing funding for research and technological development, in order to support research within the EU. Under the EU Framework Programs, the Seventh Framework Program includes the development of OLED technology, which consists of various applications in the field of flexible electronics across numerous applications such as lighting systems and displays. Flex-o-Fab is a small project covered under EU Framework Program, is intended to commercialize OLED lighting systems using roll-to-roll (R2R) manufacturing processes in 2018.
The companies which are contributing to the growth of the European flexible electronics market include PragmatIC, 3M Co., BASF SE, Fujikura Ltd., LG Electronics, Inc., and Samsung Electronics Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in November 2018, PragmatIC and Smooth & Sharp Corporation (S&S), an RFID manufacturing tools supplier has announced a strategic collaboration. The company is estimated to gain a competitive edge with increasing adoption of PragmatIC’s flexible integrated circuits (FlexICs). This would support the company’s financial strength which as a result grows the operational facilities.
Research Methodology:
The market study of the European flexible electronics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. European Flexible Electronics Market Research and Analysis by Type of Component
2. European Flexible Electronics Market Research and Analysis by Application
The Report Covers:
The European flexible electronics market is estimated to grow modestly, at a CAGR of around 14.5%, during the forecast period. Europe contributes a significant share in the flexible electronics market. Flexible electronics have a range of applications across automotive, healthcare, smartphones, defense, and wearable devices, among others. Europe has been significantly contributing to the market, owing to the growing number of start-ups and demand for early and accurate detection and monitoring of diseases. The increasing expenditure in the electronics, automotive, and healthcare sector by the European countries have increased in the past few years.
Europe is considered as a prominent electronics region, designing and manufacturing leading-edge micro and nanoelectronics solutions for the global electronics market. The electrical and electronics engineering sector of the region provides huge potential for innovative development and attracting a large sales market. Europe’s legislative bodies continuously strive for more fuel and energy efficiency, for propelling growth for the electronics sector in the automotive, lighting, and building sectors. Electronics industries are striving to develop smart and much more automated electronics products for the increasingly aging population in the region. This includes wireless wearable devices for health monitoring, which are substantially increased the demand for electronic innovation in this sector.
EU Framework Programs aims in providing funding for research and technological development, in order to support research within the EU. Under the EU Framework Programs, the Seventh Framework Program includes the development of OLED technology, which consists of various applications in the field of flexible electronics across numerous applications such as lighting systems and displays. Flex-o-Fab is a small project covered under EU Framework Program, is intended to commercialize OLED lighting systems using roll-to-roll (R2R) manufacturing processes in 2018.
The companies which are contributing to the growth of the European flexible electronics market include PragmatIC, 3M Co., BASF SE, Fujikura Ltd., LG Electronics, Inc., and Samsung Electronics Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in November 2018, PragmatIC and Smooth & Sharp Corporation (S&S), an RFID manufacturing tools supplier has announced a strategic collaboration. The company is estimated to gain a competitive edge with increasing adoption of PragmatIC’s flexible integrated circuits (FlexICs). This would support the company’s financial strength which as a result grows the operational facilities.
Research Methodology:
The market study of the European flexible electronics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
Market Segmentation:
1. European Flexible Electronics Market Research and Analysis by Type of Component
2. European Flexible Electronics Market Research and Analysis by Application
The Report Covers:
- Comprehensive Research Methodology of the European flexible electronics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European flexible electronics market.
- Insights about market determinants which are stimulating the European flexible electronics market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M Co.
- BASF SE
- Fujikura Ltd.
- General Electric Co.
- LG Electronics, Inc.
- Nippon Mektron, Ltd.
- Plastic Logic GmbH
- PragmatIC
- Samsung Electronics Co., Ltd.
- Thin Film Electronics ASA
