NEW YORK – The global flexible electronics market is expected to grow at a CAGR of 10.4% from 2018 to 2026, according to ReportLinker.

The major buying factors for flexible electronics are low power consumption, cost, reliability and ease of use. The processes and materials for manufacturing flexible electronics differ from traditional electronics, but the aim is to make them cost less than conventional electronics.

Continuous advancements in the field of science are creating newer growth plans for the flexible electronics market in the Asia Pacific region, says ReportLinker. The region is expected to have the highest annual growth rate during the period, followed by North America and Europe.

India is projected to be the fastest-growing country in the global flexible electronics market. The growth of the Indian flex market is backed by increasing demand for consumer electronics and the digital revolution the country is going through, says the research firm.