According to estimates, the market for flexible glass for flexible electronics will be worth US$ 31.7 billion in 2022 and US$ 71.67 billion in 2032. During the forecast period, the market demand is anticipated to grow at a considerable CAGR of 8.5%.
Glass is a non-crystalline material that is mainly transparent and used in window panes, electronic equipment, dinnerware, containers, and a wide variety of other technological, functional, and ornamental items. The chemical substance silica, which is also a major component of sand, is the basis for the oldest type of glass. Moving on to flexible glass for flexible electronics, which combines flexibility and stretching with all the qualities of rigid glass, including high barrier properties, optical transmission properties, strength, hermeticity, temperature stability, and durability.
The market for flexible glass in flexible electronics is expanding primarily as a result of the material’s beautiful surface quality, lightweight, and durability, which lengthens the usable life of the product.
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Flexible Glass for flexible electronics Market: Dynamics
The key driver for the flexible glass for flexible electronics market is the emerging demand for consumer electronics like smartphones, tablets, wearable & TV as the rigid glass display is being replaced by flexible ultrathin glass display which gives electronics gadgets a very slim look, durability, scratch resistivity, light in weight feature, Flexible or bendable screen & hence plays a vital role in driving flexible glass for flexible electronics market. Emerging of wearable technology has also been proving an important driver, as the wearable needs to be flexible & lightweight & it is being achieved with the implementation of flexible glass for flexible electronics. The restraints of flexible glass for the flexible electronics market are existing rigid glass devices with lower prices
Flexible Glass for Flexible Electronics Market: Segmentation
The global flexible glass for flexible electronics market is segmented into application, end user, and region. Based on applications, the global flexible glass for flexible electronics market is segmented into two broad segments such as; consumer application & industrial application. Consumer application includes the touch panel sensor market, flexible printed circuit board used in electronics gadgets, and the OLEDs lighting market. Almost every electronic gadget comes with a touch screen hence the rising probability of the flexible touch panel sensors market is fair. The industrial applications are power fiber means functional substrate material for thin-film battery technologies & to replace semiconductor substrates in electronics components to make electronic devices flexible & durable.
Based on end-user flexible glass for flexible electronics market is segmented as displays market, OLED market, smartphones and tablet market & other gadgets and wearable market. During the forecast period, display market is expected to dominate over the rest of all.
Geographically, the market is segmented into seven regions, North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific (excluding Japan), Japan as a separate region, and Middle East & Africa. The largest market of flexible glass for flexible electronics is in North America followed by Western Europe and Asia Pacific & it is expected that North America will maintain its dominance in the forecasting period too. With the rise in the demand for smartphones, tablets & other electronic gadgets in the Asia Pacific region, it is expected to witness the highest growth in the flexible glass for flexible electronics market during the forecast period.
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Flexible Glass for flexible electronics Market: Key Players
Some of the key players in adjustable glass for the flexible electronics market are Schott AG, Asahi Glass Co. Ltd., Tokyo Electron, Nippon Electric Glass Co. Ltd, Corning Inc., Abrisa Technologies, Universal Display Corporation, LiSEC Group, Kent Displays, Dupont Display, Materion Corporation & Saint-Gobain.
Regional analysis of Flexible glass for the flexible electronics Market includes
- North America
- US & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASIAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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