Value of Global Chip on Flex Market to Cross USD 1.8 Bn by 2021, Forecasts MRFR in Its Topical Report Recently Added at MarketPublishers.com24 Feb 2017 • by Natalie Aster
LONDON – The global chip on flex (COF) market is anticipated to increase form USD 1.44 billion in the previous year to reach USD 1.8 billion by the year 2021. Increasing need for small and flexible electronic devices and fast-evolving technological progress to improve accuracy are the key growth drivers of the chip on flex market. Expanding application in wearable electronics as well as mobile smartphones industries will likely offer ample opportunities for market players.
On the basis of types, the chip on flex market was dominated by the one sided chip type sector, which captured and 85.5% share of the overall market in 2015. On the basis of applications, electronic and medical sectors together held the major share of around 75% of the total chip on flex market in 2015.
Regionally, the European chip on flex market is likely to experience the highest CAGR through 2021, followed by the APAC region. The European market provides ample growth opportunities for the participants.
Topical research study “Global Chip-on-Flex Market Forecast 2011-2021” prepared by Market Research Future (MRFR) gives a granular guide to the worldwide chip on flex market at various geographical levels. It includes updated statistics and estimates, sheds light on the market dynamics, examines the major influencing factors, touches upon competitive environment and leading players, reviews the main market segments and also covers prevailing and emerging trends. Additionally, a future outlook is provided.
- all-round market analysis;
- insights into key regional markets;
- detailed market segmentation analysis;
- data on factors influencing the market growth and development;
- historical insights and review of the current scenario;
- look at top challenges and opportunities;
- insights into competitive landscape;
- info on regulative framework;
- future forecasts through 2021;
For other insightful reports by Market Research Future follow to the publisher’s catalogue at MarketPublishers.com.