Flexible Substrates Market is Segmented by Type (Metal, Plastic, and Glass), by Application Type (Consumer Electronics, Solar Energy, Medical & Healthcare, Aerospace & Defense, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Flexible Substrates Market is Segmented by Type (Metal, Plastic, and Glass), by Application Type (Consumer Electronics, Solar Energy, Medical & Healthcare, Aerospace & Defense, and Others), and by Region ...
Flexible Substrates Market is estimated to grow from USD 461.37 million in 2023 to USD 911.76 million by 2028 at a CAGR of 14.59% during the forecast period.
Flexible substrates are the technology where flexible circuits are mounted on 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.
Flexible Substrates Market Report Overview
Market Size in 2028
USD911.76 Million
Market Size in 2023
USD 461.37 Million
Market Growth (2023-2028)
CAGR of 14.59%
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
Market Dynamics
Increasing demand from the electronics industry across the globe is the major factor driving the global flexible substrates market. Apart from being used for the production of solar modules, flexible substrates are also increasingly being used in the production of flexible printed circuit boards. Further, their augmented use in the manufacturing of medical & healthcare devices is also underpinning the growth of the flexible substrates market across the globe during the forecast period. The growing consumption of flexible substrates in solar applications is further contributing to the growth of the global market.
Flexible Substrates Market - Snapshot
Growth
14.59% for the next five years
Major Type
Plastic
Dominant Application Type
Consumer electronics application
The region with the highest demand
Asia-Pacific
Key Players
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.
Key Players
Some of the major players in the flexible substrates market are-
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 the highest 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.
By 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 2022, and is also expected to depict the highest growth in the coming five years. The growing use of flexible substrates in displays and other portable devices is propelling the growth of the consumer electronics application segment of the global flexible substrates market.
By Region
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 in 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.
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.
The flexible substrates market is segmented into the following categories.
By Type
Metal
Plastic
(Type Analysis: Pet, Polyimide, and Others)
Glass
By Application Type
Consumer Electronics
Solar Energy
Medical & Healthcare
Aerospace & Defense
Others
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
This report offers high-quality insights and is the outcome of a 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.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Flexible Substrates Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
What are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the types by application type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
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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.
The flexible substrate market is likely to witness an impressive CAGR of 14.59% during the forecast period. Increasing demand from the electronics industry across the globe is the major factor driving the global flexible substrates market.
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.