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Market Leader - Flexible Electronics & Circuit Market

The flexible electronics market is expected to grow from USD 23.92 Billion in 2018 to USD 40.37 Billion in 2023, at the CAGR of 11.0% between 2018 and 2023.The increase in the adoption of flexible displays for smartphone and wearable applications is strongly driving market growth. Flexible batteries have emerged as a better alternative for conventional batteries, especially for space-constraint applications, thereby providing opportunities for the players in the flexible battery market. Samsung (South Korea), LG (South Korea), and Solar Frontier (Japan) are some of the prominent players in the flexible electronics market.

Samsung Group (Samsung Electronics and Samsung SDI) (South Korea) ranked first in the flexible electronics market. In the past, the company has developed various types of display technologies, such as LCDs, OLEDs, and direct-view LED, and for the past 3 years, the company is focused on flexible OLED displays. The company has been aggressively involved in launching newer ultra-thin, lightweight, rigid and flexible, and power-efficient display products. The company demonstrated a quad-edge flexible OLED display that can be bent on all sides at SID Display Week 2017. The company offers flexible OLED displays for mobile and wearable devices. Samsung SDI develops flexible batteries for IoT and wearable applications. Samsung Group has strong presence worldwide with the strong financial background and invests heavily in R&D activities.

The LG Group (LG Display and LG Chem) (South Korea) ranked second in the flexible electronics market. The group manufactures various types of flexible electronics products, such as OLED displays, lighting panels, and wire batteries. LG Display spends significantly on OLED display technology innovations. LG Display has also expanded its manufacturing capabilities in the recent years by installing new manufacturing plants. In 2015, it invested USD 1.59 billion in establishing a new plant with flexible OLED display panel manufacturing capabilities, in Paju, South Korea. LG Chem became the world’s first company to launch “wire battery,” a flexible, bendable, and foldable battery product targeted toward wearable applications. The group has wide geographic presence with the strong financial background and invests heavily in R&D activities.

Related Reports:

Flexible Electronics & Circuit Market by Application (OLED & LCD Display, Printed Sensor, Battery, Thin-Film PV, OLED Lighting), Circuit Structure (Single-Sided, Multilayer, Double-Sided, Rigid), Vertical, and Geography - Global Forecast to 2023

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