Innovation DB (Epsom, UK), the world’s largest licensable IP technology database, has conducted a comprehensive study of the production, development and application of plastic electronics. The conclusion: “Now is the time for the consumer electronics industry to adopt plastic electronics, as new devices are set to revolutionize parts of the industry. Benefits will include significantly lower costs, less material waste, lower energy consumption during manufacture, novel physical properties and increased sustainability,” said InnovationDB.
Gerald Law, CEO of InnovationDB, commented: “The plastic electronics sector promises a mind-blowing array of new products and applications. This has thrown the entire sector into disarray. Plastic electronics is a step change in the way we use electronics at every point of the product life cycle. The total market for plastic electronics is estimated to grow from $26.54 billion in 2016 to $69.03 billion in 2025.”