Asia-pacific Flexible Electronics Market 2023-2030

Asia-pacific Flexible Electronics Market 2023-2030

MARKET OUTLOOK

Triton’s research report on the Asia-Pacific flexible electronics market insinuates that the market is estimated to advance with a CAGR of 9.26% during the forecast period 2023-2030. China, Japan, South Korea, India, Australia & New Zealand, ASEAN countries, and Rest of Asia-Pacific are examined in the region.

Japan’s tech market is renowned for its innovation and sophistication. The government’s ambitious plan, Society 5.0, aims to create a super-smart world driven by digital innovation. To achieve this, they are collecting vast amounts of information through sensors. This initiative is expected to greatly bolster the country’s tech market in the coming years. Besides this, the government’s ‘Connected Industries’ concept focuses on creating advanced value-added and solution systems to address societal challenges. The concept encompasses smart life, plant and infrastructure safety management, biotechnologies and materials, manufacturing, and robotics. Such developments are anticipated to create affluent opportunities for the flexible electronics market.

India, a rapidly growing nation in the Asia-Pacific region, holds immense potential for leveraging flexible electronics to revolutionize its economy and fulfill key objectives in areas such as Industry 4.0, zero carbon emissions, IoT implementation, and healthcare digitization. With advantages like a vast workforce and abundant natural resources, India presents an ideal manufacturing destination for key market players.

COMPETITIVE OUTLOOK

The renowned companies in the flexible electronics market include Fujikura Ltd, Japan Display Inc, Sumitomo Corporation, LG Electronics Inc, and AGC Inc.