Roll to Roll Technologies for Flexible Devices Market to be at Forefront by 2023
Roll-to-roll processing, also referred to as web processing, reel-to-reel processing, or simply R2R, is the process of building electronic devices on a roll of flexible plastic or metal foil. Roll-to-roll technologies have found application in the manufacture of flexible solar panels, large area electronic devices, medical products, fibers and textiles, wearable devices, etc. Roll-to-roll technology is an upcoming technology that has supplanted conventional substrate materials such as the traditional glass and silicon wafers with flexible ones, namely thin glass, plastic substrates, and metal foils, which are usually called flexible electronics or flex circuits. Its unique perceived benefits are its flexibility, light weight, and ultra-thin texture that is particularly useful in the mass production of advanced electronic devices. The global market for roll-to-roll technologies for flexible devices is slated to expand at a cracking pace in the near future because of the aforementioned reasons.
A report by Transparency Market Research studies the prevalent scenario in the global market for roll-to-roll technologies for flexible devices by highlighting the industry growth drivers and restraints. It forecasts the market’s growth prospects in the near future and leverages market-leading analytical tools such as Porter’s Five Forces and SWOT analysis to gauge the opportunities and threats in it. The report also profiles leading players in the market and throws light on their product offerings, sales and revenues, and market shares.
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Factors at the forefront of driving growth in the global market for roll-to-roll technologies for flexible devices are their ability to resist high-defect density, substantially cost-effective production process, and significant throughput. Yet another factor significantly bolstering the market is the growing demand for flexible devices which has necessitated automated, high-volume manufacture of quality products, thereby boosting uptake of roll-to-roll technologies. For example, the soaring popularity of wearable devices having flexible temperature sensors has substantially fueled an uptick in demand for roll-to-roll technologies. Similarly, robust demand for portable electronic devices is also filliping its market.
In the upcoming years, burgeoning demand for flexible devices in photovoltaics, electronics, optoelectronics, medical, and sensors will likely stimulate the market further. A current noticeable trend in the global roll-to-roll technologies for flexible devices market is the practice of integrating R2R and nanofabrication processes which in turn is bringing about innovations. They are used in building a wide array of cutting edge electronic devices such as solar cells, sensors, batteries, antennas, and capacitors. Market restraints predicted to hobble growth are the lack of proper progress in technology and threat from substitute technologies.
Geographically, the global market for roll-to-roll technologies for flexible devices can be classified into Europe, North America, Asia Pacific, and the Rest of the World. Among them, Asia Pacific leads the market with maximum share and going forward, it is slated to further expand its share at a healthy clip by outpacing all other regional segments with in terms of growth rate. This because of the continued inflow of foreign funds and rapid industrialization in the Asian countries of South Korea, China, Malaysia, and Taiwan, which have emerged as hotbeds for manufacture of electronic goods. They have upped demand for flexible electronics which in turn is spurring uptake of roll-to-roll technologies.
To present an accurate and detailed assessment of the competition prevailing in the global market for roll-to-roll technologies for flexible devices, the report profiles prominent players such as Konarka, Citala, and Energy-enviro.
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