Market Challenges And Opportunities

Global Flexible Hybrid Electronics (FHE) Market Drivers:

Growing need for mechanically flexible, lightweight and cost-friendly products to propel the market growth

The need for products that are lightweight, cost-effective, and mechanically flexible is growing in applications such as automotive, medical, consumer electronics, and others. Flexible hybrid electronics are gaining significant momentum in order to cater the growing demand of the industry. These devices can transform computing as they enable bendable systems with arbitrary shapes. Moreover, several other advantages of FHEs, their demand is increasing all over the world, which is expected to aid in growth of the global flexible hybrid electronics (FHE) market during the forecast period.

Rapidly advancing data analytics and AI technologies to boost the market growth

With increasing advancements and innovations in data analytics and AI, businesses and economies are witnessing growth in performance and productivity. The use of data and analytics is helping companies gain a competitive edge, as it enables faster and large-scale evidence-based decision making, process optimization, and insight generation. Electronic capabilities are now being incorporated into emerging and new consumer as well as industrial products due to their ability of conforming organics shapes. This factor is further projected to support growth of the global flexible hybrid electronics (FHE) market during the forecast period.

Global Flexible Hybrid Electronics (FHE) Market Opportunities

Research focus on use of polymeric foams to produce low-pressure capacitive sensors is expected to create growth opportunities in the global flexible hybrid electronics (FHE) market during the forecast period. These low-pressure capacitive sensors could offer high sensitivity with high flexibility. With increase in development of an inorganic layered hybrid film to create transparent electrodes, contact pattering by using laser printing for creating flex transparent electrodes among other technological developments, the focus of researchers is increasing on development of new FHE solutions.

Emerging applications of flexible electronics are expected to create growth opportunities in the global flexible hybrid electronics (FHE) market over the forecast period. Sensors are one of the most popular examples of hybrid technologies that are now utilized in growing number of commercial and industrial domains including cosmetics, aerospace, automotive, medical, and packaging among others. Thus, the market is likely to see multiple business opportunities in the near future.

Global Flexible Hybrid Electronics (FHE) Market Restraints:

Need for high capital investment in infrastructure and R&D to hinder the market pace

Flexible hybrid electronics technology is a niche, due to which many firms face challenges for capital investment for development of infrastructure and expertise to develop this technology. At this stage, the technology doesn’t seem to have long range of applications. Thus, market players across various industries are hesitating for investing in the technology. This factor is expected to act as a major challenge in the global flexible hybrid electronics (FHE) market in the coming future.

Complexity of repairing flexible electronic devices to hamper growth of the market

Flexible hybrid electronic devices are hard to repair owing to their increased sensitivity which comes from tiny and thin components used in the systems. These components can cause easy damage to the devices. Moreover, repairing such electronic devices need skilled professionals. Thus, these factors impact adoption of FHEs. As a result, this factor is expected to hamper growth of the global flexible hybrid electronics (FHE) market during the forecast period.

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