Dallas, TX -- (SBWIRE) -- 09/19/2014 -- The global flexible electronics market revenue is estimated to grow from $3.4 billion in 2013 to $13.23 billion in 2020 at a CAGR of 21.73% from 2014 to 2020. The consumer electronics market is expected to grow at a CAGR of 44.30%, this growth is heralded by consumer electronics components namely: flexible displays and flexible sensors and battery.

This report also looks into the whole value chain of the market. It also focuses on the parent markets and the sub-markets of this industry and thus, identifies the total potential market that can be tapped by the flexible electronics memory.

According to a new market research report titled “Flexible Electronics Market by Components (Display, Battery, Sensor, Photovoltaic, Memory), Circuit Structure (Single-Sided, Double-Sided, Rigid) Application (Consumer Electronics, Healthcare, Automotive, Energy and Power), & by Geography - Analysis & Forecast to 2014 - 2020”, the total market is expected to reach $13.23 Billion by 2020.

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Consumer electronics, healthcare, automotive, aerospace and defense, energy and power are considered in the flexible electronics applications segment. The market for consumer electronics applications is expected to grow at a highest CAGR of 44.30% in the forecast period. This is mainly due to the fact that emerging technologies have a better endurance in the consumer electronics segment for the products such: as smart phones, televisions, tablets, are among others.

The flexible electronics market is expected to reach $13.23 Billion by 2020. Currently Thin film photovoltaic (CIGS) accounted for largest share mainly because of the fact that CIGS panels are widely used for secondary power generation across the globe. In coming years, along with the consumer electronics automotive and healthcare sectors are expected to grow faster.

Flexible electronics market report covers all the aspects of flexible or bendable electronics in terms of structure, target applications, components used and geographic analysis. Flexible electronics market has been segmented based on applications, component and geography. It covers flexible electronics, flexible batteries, memories, sensors and photovoltaic. It also covers consumer electronics, automotive, healthcare, defense and aerospace, and energy and power sector.

The key revenue pocket for the industry will be the consumer electronics market. This is mainly because of the use of s technologies in smart phones, televisions, wearable devices, and other consumer electronics products. The major players in this segment are Samsung Electronics Co. Ltd. (South Korea), LG Corporation (South Korea), SONY Corporation (Japan), and Apple Inc. (U.S.).

Taking into consideration future growth in this segment Samsung Electronics Co. Ltd. (South Korea) had launched world’s first curved display smart phone Samsung Galaxy Round, the company had also launched new range of curved display UHD TVs into the market. The LG Corporation (South Korea) is also in the league for entering into this market, the company had also launched its range of curved display UHD TVs, curved display smart phone LG Flex, and a wearable device LG LifeBand making a mark into flexible electronics segment.

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In addition to this, companies like PARC (U.S.) solely focus on R&D activities in the field of printed and flexible electronics, whereas First Solar (U.S.) specially focuses on manufacturing of photovoltaic (PV) solar cells.

The flexible electronics market is expected to grow at a CAGR of 21.73% in the coming future. These technologies are expected to be used extensively in various modern applications such as;consumer electronics, automobile, healthcare, energy and power, and others. In addition to this, large chunk of revenue is expected to generate from consumer electronics application segment, especially from flexible displays.

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