Japan Flexible Electronics Market Forecast 2023-2030

Japan Flexible Electronics Market Forecast 2023-2030

KEY FINDINGS

The Japan flexible electronics market is set to develop with a CAGR of 9.70% during the forecasting period. The country’s market growth is credited to the Japanese government’s efforts directed toward boosting innovation, the rising need for robust medical care, particularly for the elderly populace, and the surge in the adoption of wearable technology. While the base year considered for the market study is 2022, the projection years are from 2023 to 2030.

MARKET INSIGHTS

In Japan, the increasing internet penetration rate has raised the sale of smartphones as well as tablets. This factor is set to heighten the demand for advanced smartphones with enhanced features. In this regard, flexible electronics play an essential role in adding properties such as ultra-thinness and flexibility to the devices, thus making them stand out as next-generation devices. Furthermore, key players are also adopting several strategies like collaborations with the government, mergers, acquisitions, new product launches, technological advancements, and funding start-ups.

Japan has a large senior population, as per the data issued by the Internal Affairs Ministry of Japan (2021), with around 36.4 million people over the age of 65. Since the national and local governments in the country are required by law to provide strong medical care to citizens, this factor is set to generate lucrative opportunities for the medical application of flexible electronics. Hence, these factors are expected to fuel the Japan flexible electronics market growth during the forecast period.

COMPETITIVE INSIGHTS

Some of the leading companies in the market are LG Electronics Inc, Sumitomo Corporation, Japan Display Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments