Flexible Electronics Market in APAC region is flourishing with high pace and the market is depicted to rise with a CAGR of 26.3% during the years 2016-2022. Huge demand for smart electronic devices can be observed in the countries like China, Japan, India, Korea and Australia especially in mobile and health care sector that is fueling the growth of flexible electronic market. There is also a considerable rise in the demand of other smart devices such as smart televisions, smart bracelet, smart blood glucose meter and other smart health care products in India, Bangladesh, Australia and New Zealand.

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Rising demand of smart electronic devices in APAC region

China is a dominating market of flexible electronics based devices in APAC region with a huge share in consumption of smart devices of about 32.5%. Flexible electronic circuits are an integral part of smart electronic devices where compact interconnections are required. In China about 70% of male population uses smart devices. Most of these are post 80 users and are aged between 25-35 years. Awareness towards the use of smart devices for daily use in China is observed to be 40% with exposure degree to be about 20-34% that has huge potential to increase with changing life style patterns in China.
Penetration rate has also shown strong growth with about 15% penetration in home products and about 10% for other flexible electronic products. Smart watch is becoming a popular product for the health and fashion conscious consumers. Out of total internet users in China, about 77% are interested to adopt the use of smart devices in future and 23.7% among them are interested to buy smart watches and wrist bands. This has attracted the local manufacturers such as Xiaomi, Shenzhen Yushengchang Technology and others to deploy larges investments in R&D.

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In Korea, use of flexible electronics in automobile segment has also propelled the flexible electronics market. There has been a continuous rate of growth in market share of local automakers that has shown a descent rise from 35% in 2010 to 39% in the year 2015. BASF has established an R&D center in Suwon, South Korea which will be dedicated to provide materials for flexible electronics including automotive market. This will definitely surge the market of flexible electronics in South Korea. As of 2015, primary mode of communication and entertainment in India is through smart electronic devices. Presence of about 115 million smart phone, Tablet and laptop users in the year 2013 has risen to about 300 million in the year 2015. Smart device market in smart television, and smart healthcare products in India has also observed an eye popping boom between these years. As a result, many smart device manufacturers such as Xiaomi, Samsung and others are planning to establish R&D centers in India. Indian telecom minister on February 2016 stated that an investment of about $167 billion have come in the sector of electronic manufacturing with an establishment of 15 new mobile plants. India is expected to be the fastest growing market in the region for smart devices and flexible electronics.

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