China flexible electronics market is estimated to grow considerably at a CAGR of around 16.2% during the forecast period. China is one of the leading countries in Asia-Pacific that contributes to the growth of the flexible electronics market. International Trade Union Federation (ITUF) estimates that China is the largest producer of the world’s electronic and electronic components across the globe. An abundance of low-cost labor has made the country competitive in terms of many low-cost, labor-intensive manufacturers in international markets. Due to which, manufactured products constitute a significant share of the country’s trade. A substantial amount of China’s imports is comprised of parts and components that are assembled into finished products, such as consumer electronic products and computers, and then exported. Owing to these facts, the nation is expected to share the largest market share of flexible electronics in the Asia-Pacific region.
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China’s mobile phone subscription has grown rapidly in recent years owing to the changing lifestyle and increasing disposable income of the people. People are continuously seeking advanced features in smartphones and tablets, due to which smartphone makers are striving to fulfill consumers’ needs by developing innovative technology. The majority of the smartphone and tablet manufacturers in the country are using flexible electronics to enhance the properties and features of smart devices. Flexible electronics are frequently used to provide flexibility and lightweight like features to the smart devices. According to the International Telecommunication Union, by the end of 2017, there were more than 1.4 billion mobile phone subscriptions in China and an internet penetration rate of 54.3% was observed in the country. These facts and figures reflect the surging demand for mobile phones in the country which is expected to fuel the flexible electronics demand in the country.
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The companies which are contributing to the growth of the China flexible electronics market include 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, E Ink Holdings Inc. in September 2018, collaborated with Fujitsu Semiconductor Limited for developing a reference design board for battery-less ePaper tags. The solution will use a low voltage ePaper module of E Ink and UHF FRAM RFID LSI of Fujitsu Semiconductor Limited to create an ideal combination enabling battery-less ePaper tag applications. The battery-less ePaper tag solution will be used in several applications including ePaper badges, logistics tags, ID cards or electronic shelf labels.
Market Segmentation
China Flexible Electronics Market by Type of Component
- Flexible Display
- OLED
- E-paper
- LCD
- Flexible Battery
- Flexible Sensors
- Biosensors
- CMOS Hybrid Sensors
- Photo Detectors
- Piezo Resistive
- Flexible Memory
China Flexible Electronics Market by Application
- Consumer Electronics
- Smartphone and Tablets
- Wearable Devices
- Television
- Others (Smart Cards)
- Healthcare
- Automotive
- Energy and Power
- Defense and Aerospace
- Others (Biometrics)
Company Profiles
- 3M Co.
- BASF SE
- E Ink Holdings Inc.
- Fujikura Ltd.
- General Electric Co.
- LG Electronics, Inc.
- MFLEX
- Nippon Mektron, Ltd.
- Nitto Denko Corp.
- Samsung Electronics Co., Ltd.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
