ICT & Electronics Global Flexible Electronics Market | Page 3

demand across the globe. This factor is envisioned to bolster the growth of
consumer electronics segment.
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Growth in Consumer Technology
Innovations and development of new consumer electronic products such as
wearable devices is fuelling the growth of flexible electronics market.
Further, increasing preference for portable and lightweight device has
triggered the demand for flexible electronics products. Furthermore, less
energy consumption of flexible electronic embedded devices is also
anticipated to garner the growth of the flexible electronics market.
Growing Utilization in Automotive Sector
With the increasing sale of automobiles across the globe, automotive
manufacturers are focusing more on the transformation of car designs such
as dashboard and console modernization. Further, various automotive
manufacturers with collaboration with flexible electronics fabrication
companies are engaged in the development of flexible heating element for
automotive seats. This factor is expected to boost the growth of automotive
Flexible Electronics Market in the upcoming years. Although, high cost of
flexible electronics and rivalry faced by alternative technologies such as
OLED displays and printed electronic products are some of the factors that
are likely to inhibit the growth of the global flexible electronics market in
the near future.
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