The printed & flexible electronics market will reach ~$950M in 2020 with a 27% CAGR in market value, estimates Yole Développement
Yole Développement announces its Flexible Applications Based on
Printed Electronics Technologies 2013 report. Yole Développement’s
report provides up-to-date market forecast 2013-2020, roadmaps and
timelines for printed, flexible, and printed & flexible
applications. Also, it analyses the function vs. flexibility, current
technical & economic challenges, manufacturing process and focuses
on polytronics.
Technical challenges are close to being overcome to reach US$1B market by 2020
Today flexible & printed electronics create a lot of hope. And a
supply chain is being created to support an industrial infrastructure.
In its report, Yole Développement has identified and tracked the five
main functionalities of flexible & printed electronics: displaying,
sensing, lighting, energy generating and substrates. The different
degrees of freedom in flexibility that can be obtained can be divided
into:
• Conformable substrate: the flexible substrate will be shaped in a definitive way after processing
• “Bendable” substrate: they can be rolled and bent many times (even if
we consider it will not be a key feature coming from customer needs)
• “Unused” flexibility: in the end, the flexibility is not an added value to the customer
Yole Développement’s analysts believe some applications will be more
likely than other to be successful – for example, bendable applications
will undergo tough stress during use and technological challenges will
be hard to overcome. The report shows the distinction between the
functions (displaying, lighting, energy conversion, sensing &
substrates) and the seek flexibility “degree of freedom”. Yole
Développement does not make the distinction in its report between
organic and inorganic substrates as semiconductors can also be used as
flexible substrates.
However, the team of analysts believe over the next several years,
the number of applications using printing processes for flexible
electronics will grow.
“We estimate the printed & flexible electronics market will
grow from ~ $176M in 2013 to ~ $950M in 2020 with a 27% CAGR in market
value. Printed OLED displays for large size (TVs) are likely to become
the largest market,” explains Dr Eric Mounier,
Senior Analyst, MEMS Devices & Technologies, at Yole Développement.
For OLED lighting, Yole Développement believes it will grow but remain a
niche market for automotive and/ or office lighting. For PV, the market
demand by 2020 will remain very low compared to the demand for rigid
PV, largely below 1% of the global market demand by 2020. Sensor, smart
system & polytronic applications will include sensors, touchless /
touch screens, RF ID applications.
A wide, exciting range of new applications
Printed & flexible electronics is a new exiting technology with
large potential market expectations. Indeed, as semiconductors move to
the very small with 22nm critical dimension, printed electronics moves
to the other end of the spectrum with its own material, equipment,
process challenges and supply chain. Printed electronics will not kill
semiconductor electronics as it will not be a replacement for CMOS
silicon. However, it will create new industry segments and new classes
of applications with unique features, benefits and costs that cannot be
addressed with conventional semiconductor electronics.
For example, Yole Développement’s analysts believe printing
technologies will also allow additional properties such as flexibility.
Originally, the general vision for printed electronics was the
possibility to print low cost electronic components on any substrate. It
was supposed to allow low cost, low efficiency, large volume
electronics manufacturing, and it was supposed to create a large
multiplicity of applications. Flexible electronics appeared quite soon
after envisaging printability. Such devices were supposed to allow new
applications directly linked to flexibility.
Moreover, the coming of polytronic technologies is a disruptive
approach that could change the way printed & flexible electronic
devices will be manufactured. It can be considered a new alternative to
the “More Moore” approach where Si ICs, thin films, micro batteries,
displays etc. … will be embedded in a flexible substrate. The global
interest in polytronics is born from the difficulties faced by the
flexible & printed electronics industry. It is an alternate way to
come to similar results while trying to avoid some of the main
challenges.