Market Size –
The flexible electronics market size has grown rapidly in recent years. It will grow from $31.91 billion in 2023 to $36.79 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to consumer electronics miniaturization, medical and healthcare applications, printed electronics, defense and aerospace applications, display innovation.
The flexible electronics market size is expected to see rapid growth in the next few years. It will grow to $62.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to foldable and rollable devices, renewable energy, sustainable and eco-friendly electronics, automotive exterior applications, energy storage and flexible batteries. Major trends in the forecast period include wearable health and fitness tech, internet of things (iot) integration, medical wearables and implants, flexible sensors and robotics, 5g connectivity and flexible antennas.
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Scope Of Flexible Electronics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Flexible Electronics Market Overview
Market Drivers –
Rising demand for consumer electronic devices is driving the growth of the flexible electronics market. Consumer electronics (CE) refers to any electronic equipment intended for end-users or consumers to purchase and use regularly for non-commercial or professional purposes. Consumer electronics use flexible electronics in most electronic devices, as a result, rising demand for consumer electronics increases the demand for the flexible electronics market. For instance, in March 2021, according to the Retailers Association of India (RAI), an Indian retail trade association consumer electronics and appliance sales climbed by 23.5 percent in the third quarter of 2021. Therefore, the rising demand for consumer electronics drives the flexible electronics market.
The flexible electronics market covered in this report is segmented –
1) By Component: Flexible Display, Flexible Battery, Flexible Sensors, Flexible Memory, Flexible Photovoltaics
2) By Circuit Structure: Single-Sided, Double-Sided, Other Circuit Structures
3) By Application: Displays, Thin-Film Photovoltaics, Printed Sensors, Batteries, Organic Light Emitting Diodes (OLED) Lighting, Other Applications
4) By Vertical: Consumer Electronics, Energy And Power, Healthcare, Automotive, Military And Defense, Aerospace, Other Verticals
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Regional Insights –
Asia-Pacific was the largest region in the flexible electronics market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible electronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the flexible electronics market include Blue Spark Technologies Inc., OLEDWorks LLC, AU Optronics Corp., Cymbet Corporation, E Ink Holdings Inc., Enfucell Oy, Flex Ltd., FlexEnable Ltd., Flexpoint Sensor Systems Inc., Imprint Energy Inc., LG Electronics Inc., Palo Alto Research Center Incorporated, Royole Corporation, Samsung Electronics Co. Ltd., Solar Frontier K.K., LG Corporation, Enfucell Flexible Electronics Co. Ltd., Imprint Energy, E Ink Holdings, Jabil Inc., Bebop Sensors Inc., Sensing Tex SL, Coatema Coating Machinery GmbH, Agfa-Gevaert NV, GSI Technologies, Ynvisible Interactive Inc., Isorg SA, PragmatIC Semiconductor, Thales Digital Factory, StoreDot Ltd.
Table of Contents
1. Executive Summary
2. Flexible Electronics Market Report Structure
3. Flexible Electronics Market Trends And Strategies
4. Flexible Electronics Market – Macro Economic Scenario
5. Flexible Electronics Market Size And Growth
…..
27. Flexible Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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