DRAPER, Utah, Nov. 28, 2012 /PRNewswire/ -- Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) today discussed a recent market research report that details strong expected growth rates in flexible printed and flexible sensor markets.
The compound annual growth rate (CAGR) of printed and flexible sensors is expected to be 22.1% over the next ten years, nearly double the growth percentage over the past ten years . Printed and flexible sensors are creating new markets using their unique advantages of flexibility, small size and functionality. By reducing mechanical bulk, Flexpoint's single layer sensor offers cost savings over many conventional sensors, as well as competitors in the flexible sensor industry. These cost savings, made possible by Bend Sensor ® technology, have attracted interest from leading companies. This report also details current and emerging markets, providing detailed ten-year forecasts for biomedical, temperature, gas, strain, pressure, imaging and other types of sensors.
Printed and flexible sensors represent the latest in the development of devices that extend and augment primary human senses, and provide novel insight into those dimensions of sensation we wish to identify, quantify, qualify and explore. It is a technology that is only just emerging to meet underserved demand in fast growing markets. These sensors are rarely standalone devices, but rather integral parts of the "New Electronics", or "Smart Technology" revolution that will enhance our safety, comfort, health, and convenience, while making our products and systems more efficient, smarter, more dependable and more accurate.Printed and flexible sensors offer distinct advantages over non-printed sensors with their incredible versatility and cost savings. Sensors can meet the demand for everything from thin, disposable applications, to products that require low-profile, contoured designs, as well as larger applications that require sensors to function over a large area. Flexible thin film technology can be combined with a variety of substrates and tailored to meet the unique demands of diverse applications. They are making complex healthcare examinations faster and cheaper to perform, adding intelligence to packaging, toys, industrial processes and much more. They will create new markets, going where conventional sensors cannot go.
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