Global Flexible Electronics market trends 2024, Forecast To 2033
31 Jan, 2024
The flexible electronics market has grown rapidly, increasing from $31.91 billion in 2023 to $36.79 billion in 2024, with a compound annual growth rate (CAGR) of 15.3%. Historical growth is attributed to consumer electronics miniaturization, medical and healthcare applications, printed electronics, defense and aerospace applications, and display innovation. Moving forward to 2028, the market is projected to reach $62.97 billion, maintaining a 14.4% CAGR. The expected growth can be attributed to foldable and rollable devices, renewable energy, sustainable and eco-friendly electronics, automotive exterior applications, and energy storage and flexible batteries. Major trends in the forecast period include wearable health and fitness tech, IoT integration, medical wearables and implants, flexible sensors and robotics, and 5G connectivity and flexible antennas.
Global Flexible Electronics Market Key Driver
The rising demand for consumer electronics fuels the growth of the flexible electronics market. Consumer electronics, intended for end-users, incorporate flexible electronics, driving market demand. According to the Retailers Association of India, consumer electronics and appliance sales increased by 23.5 percent in the third quarter of 2021. The surging demand for consumer electronics propels the flexible electronics market.
Get A Free Sample Of The Global Flexible Electronics Market ReportGlobal Flexible Electronics Market Segments
The global 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
By Geography: The regions covered in the Flexible Electronics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Flexible Electronics Industry Players
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.
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Flexible Electronics Market Overview
Flexible electronics refers to flex circuits, a method of assembling electronic circuits that involves mounting electronics on flexible plastic substrates like transparent conductive polyester film, polyimide, or polyether ether ketone (PEEK). Silver circuits can be screen printed on polyester to create flex circuits.
Flexible Electronics Global Market Report 2023 provides data on the global flexible electronics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flexible electronics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.