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Flexible Substrates Market | Covid-19 Impact Analysis
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)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Flexible Substrates Market is likely to witness an impressive CAGR of 15.2% during the forecast period. 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. Growing consumption of flexible substrates in solar application is further contributing towards the growth of the global market.
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Flexible Substrates Market - Snapshot |
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Growth |
15.2% for the next five years |
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Major Type |
Plastic |
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Dominant Application Type |
Consumer electronics application |
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Region with the highest demand |
Asia-Pacific |
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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. |
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Based on the 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.
Based on the 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 2018, and is also expected to depict the highest growth in the coming five years. The growing use of flexible substrate in display and other portable devices is propelling the growth of the consumer electronics application segment of the global flexible substrates market.
In terms of regions, the 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 of 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.
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Some of the major players in the flexible substrates market are-
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.
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.
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Flexible Substrates Market Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The flexible substrates market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct 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 the qualitative and quantitative insights.
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. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 [email protected].
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.
Flexible Substrates Market is likely to witness an impressive CAGR of 15.2% 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 flexible substrates 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.
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