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  • Flexible Substrates Market Forecast | 2023-28

    Flexible Substrates Market Forecast | 2023-28

    Flexible Substrates Market Forecast | 2023-28
    Report code - SRAM281 Delivery - 2 Weeks
    Flexible Substrates Market Size, Share, Trend, Forecast, & Competitive Analysis - 2023 See more...

    Market Insights

    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.

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    What are flexible substrates?

    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

    USD 911.76 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-

    • American Semiconductor, Inc.
    • Corning Inc.
    • Doosan Electronics
    • Dupont Teijin (Indorama)
    • FLEXcon
    • Heraeus
    • I-Components Co., Ltd.
    • Kolon Industries, Inc.
    • Mitsubishi Chemical Corporation
    • Nippon Electric Glass Co., Ltd.

    Segments' Analysis

    Flexible-Substrates-Market-Dominant-Segments

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    By Type

    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.  

    Flexible-Substrates-Market-By-Region

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    Segmentation

    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)

    Flexible-Substrates-Market-Segmentation

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    Research Methodology

    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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    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

    Frequently Asked Questions (FAQs)

    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.

    In terms of regions, the Asia-Pacific region is expected to command the market during the forecast period.

    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.

    The plastic type segment is expected to register the highest growth in the market in the coming years.

    The consumer electronics application segment is expected to show the highest growth in the market during the next five years.

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