Global demand for flexible electronics predicted to hit $13.23 billion by 2020

DALLAS, 15 July 2014. The global market for flexible electronics like flexible solar cell arrays and flexible organic light-emitting diode (OLED) electronics on plastic substrates will grow to $13.23 billion by 2020, which represents a combined annual growth rate (CAGR) of 21.73 percent.

This is the prediction of analysts at market researcher MarketsandMarkets in Dallas, who outline their findings in a report entitled Flexible Electronics Market.

This report breaks out flexible electronics by components, such as displays, batteries, sensors, photovoltaics, and memory; by circuit structure such as single-sided, double-sided, and rigid; by application such as consumer electronics, health care, automotive, energy, and power; and by geography, such as North America, Europe, and Asia-Pacific.

The development of flexible electronics has spanned the past few years; ranging from the development of flexible solar cell arrays to flexible OLED electronics on plastic substrates, analysts say.

Spurring the rapid development of this field has been technological development in large-area electronics like flat-panel electronics, medical image sensors, and electronic paper.

For more information contact MarketsandMarkets online at www.marketsandmarkets.com.