Japan flexible electronics market is estimated to grow considerably at a CAGR of around 14.1% during the forecast period. According to the International Trade Administration, Japan’s electronics industry is the third largest across the globe. This growth in the electronics industry has been primarily attributed to the significant presence of US companies. It is offering multiple opportunities, primarily to the manufacturers of electronic measuring instruments, smartphone displays, computer server/data storage equipment, automotive electronics, AI and IoT. However, the Japanese market has been leading due to the presence of major Japanese firms, such as Motorola, Sony, and Renesas. Flexible electronics are often used by smartphone manufacturers to enhance the features, such as flexible display, shape-ability, lightweight and thinness of smartphones. The country has witnessed a surge in a number of mobile phone subscriptions in recent years.
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The increased internet penetration rate in Japan has pushed the sale of smartphones and tablets and is further expected to increase the need for advanced smartphones with enhanced features. Flexible electronics aid properties such as flexibility and ultra-thinness to the devices enabling it to stand as a next-generation device. Thus, the surging need for smartphones and tablets in the near future will increase the demand for flexible electronics. Apart from this, flexible electronics are also used in the automobile industry. The demand for flexible displays for increased safety of the vehicle is driving the need for flexible displays in the automobile.
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The companies which are contributing to the growth of the Japan flexible electronics market include 3M Co., BASF SE, Fujikura Ltd., LG Electronics, Inc., and Samsung Electronics Co., Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in 2018, Fujikura Ltd. launched the world’s highest fiber density cable 6,912F wrapping tube cable with a small diameter and lightweight. Spider Web Ribbon (SWR) technology is used in order to achieve this development. SWR is Fujikura’s innovative 12 core optical fiber ribbon which has an extraordinarily flexible design.
Japan Flexible Electronics Market Segmentation
By Type of Component
- Flexible Display
- Flexible Battery
- Flexible Sensors
- CMOS Hybrid Sensors
- Photo Detectors
- Piezo Resistive
- Flexible Memory
- Consumer Electronics
- Smartphone and Tablets
- Wearable Devices
- Others (Smart Cards)
- Energy and Power
- Defense and Aerospace
- Others (Biometrics)
- 3M Co.
- BASF SE
- Dai Nippon Printing Co., Ltd.
- Fujikura Ltd.
- General Electric Co.
- Japan Display Inc.
- LG Electronics, Inc.
- Nippon Mektron, Ltd.
- Nitto Denko Corp.
- Samsung Electronics Co., Ltd.
- Solar Frontier K.K.
- Sumitomo Electric Industries, Ltd.
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