What is the Global market size of the Flexible Electronics Market?

Global Flexible Electronics Market size was valued at USD 18.48 billion in 2021 and is poised to grow from USD 22 billion in 2022 to USD 89.2 billion by 2030, growing at a CAGR of 19.1% in the forecast period (2023-2030).

Who are the key vendors in the Global Flexible Electronics Market?

Global flexible electronics market is fairly fragmented with the presence of several big players such as Blue Shark Technologies, LG Electronics Inc., and OLEDWorks LLC. Major payers are primarily focusing on the development, innovation, and efficiency of products to provide various benefits related to power efficiency and product designs. Increasing R&D investments is another strategy opting by key players to strengthen their market position. 'Samsung Electronics Co. Ltd.', 'LG Electronics Inc.', 'Panasonic Corporation', 'Sharp Corporation', 'Flex Ltd.', 'Polyera Corporation', 'E Ink Holdings Inc.', 'Koninklijke Philips N.V.', 'First Solar Inc.', 'Blue Spark Technologies Inc.', 'DuPont de Nemours, Inc.', 'Multi-Fineline Electronix Inc.', 'MC10 Inc.', 'Thin Film Electronics ASA', 'Canatu Oy', 'Imec International', 'Ilika plc', 'SolarWindow Technologies Inc.', 'Heliatek GmbH', 'VTT Technical Research Centre of Finland Ltd.'

What is the key driver of the Global Flexible Electronics Market?

Adoption of intelligent flexible electronic devices, such as flexible phones, laptops, sensors and thinner across the globe is the major driver of the global flexible electronics market. The application of MEMS and the advent of NEMS in sensor technology have created a demand for the intelligent power sources for miniature devices. In addition, flexible screens and sensors give choices to manufacturers to build desired designs, driving market growth.

What is the key market trend for the Global Flexible Electronics Market?

Companies are investing higher in R&D to enhance and strengthen their market position, and market research predicts that as technology advances, the global market will see an influx of viable income generation options. Multi functionalities, such as microphones, speakers, and batteries, can be incorporated into a single electronic device by using this technology.

Which region accounted for the largest share in the Global Flexible Electronics Market?

Globally, North America held the largest global flexible electronics market share in 2021, with a contribution of more than 33% of global market. Increasing adoption of the flexible electronic devices among healthcare, consumer electronics, automotive, and military in the region are the major factors contributed to the growth of the market. In addition, growing establishment of high-technology industries for flexible electronics for military use in the region is also expected to contribute in the demand and growth of the market during the forecast period.

Flexible Electronics Companies

Flexible Electronics Market Competitive Landscape

Top Players in the Global Flexible Electronics Market

3M (US)
E Ink Holdings Inc (Taiwan)
First Solar (US)
General Electric (US)
ITN Energy Systems Inc (US)
LG Electronics (South Korea)
MFLEX (US)
Palo Alto Research Center LLC (US)
Samsung (South Korea)
Solar Frontier K.K. (Japan)
Sony Corporation (Japan)
Sharp Corporation (Japan)
Kyocera Corporation (Japan)
AU Optronics Corp. (Taiwan)
BOE Technology Group Co., Ltd. (China)
OLEDWorks (US)
Universal Display Corporation (US)
Plastic Logic (UK)
Flex Ltd. (Singapore)
Nanosys, Inc. (US)
Heliatek GmbH (Germany)
Fraunhofer Institute for Organic Electronics (Germany)
Hanwha Q CELLS (South Korea)
Taiyo Yuden Co., Ltd. (Japan)

Flexible Electronics Market

FAQs

Global Flexible Electronics Market size was valued at USD 25.5 billion in 2022 and is poised to grow from USD 27.1 billion in 2023 to USD 60.67 billion by 2031, growing at a CAGR of 10.60% during the forecast period (2024-2031).

Major players in the industry are putting more money and resources into printed circuit boards to improve applications. For instance, PCBs will eventually evolve to become little computers that can perceive and process data through the incorporation of advanced sensors and AI. Other factors driving investments in the demand for improvement in performance and miniaturization and a growing new application space, such as wearable electronics and Internet of Things, market share increasing in flexible electronics. '3M (US) ', 'E Ink Holdings Inc (Taiwan) ', 'First Solar (US) ', 'General Electric (US) ', 'ITN Energy Systems Inc (US) ', 'LG Electronics (South Korea) ', 'MFLEX (US) ', 'Palo Alto Research Center LLC (US) ', 'Samsung (South Korea) ', 'Solar Frontier K.K. (Japan) ', 'Sony Corporation (Japan) ', 'Sharp Corporation (Japan) ', 'Kyocera Corporation (Japan) ', 'AU Optronics Corp. (Taiwan) ', 'BOE Technology Group Co., Ltd. (China) ', 'OLEDWorks (US) ', 'Universal Display Corporation (US) ', 'Plastic Logic (UK) ', 'Flex Ltd. (Singapore) ', 'Nanosys, Inc. (US) ', 'Heliatek GmbH (Germany) ', 'Fraunhofer Institute for Organic Electronics (Germany) ', 'Hanwha Q CELLS (South Korea) ', 'Taiyo Yuden Co., Ltd. (Japan)'

One key driver of the flexible electronics market is the growing demand for wearable technology. Continuous demands for wearable health and fitness-tracking devices include watches, therefore requiring flexible electronics solutions that are comfortable, strong, and light. Such devices require flexible circuits that easily adapt to a wide range of form factors, and investment in and innovation of flexible electronics technologies are encouraged to meet customer demand.

Integration of IoT Solutions: IoT technologies are also one of the prominent trends in flexible electronics, where smart, networked devices are made from such to be used as applications of this technology spreading across sectors. In such an application, there is increasing functionality and easier gathering of data for real-time monitoring, especially in the healthcare and smart home industries. Demand for flexible electrical solutions is predicted to grow exponentially with the rapid expansion of the IoT ecosystem.

North America accounted for about 33.0% of revenue share in 2023, followed by the leadership in the flexible electronics market. The primary driver for this growth is the ever-growing demand for wearables and smart devices that have fantastic user experience. Consumers seek merchandise that would seamlessly blend into their lifestyle. This has prompted manufacturers to develop flexible electronics in the shape of humans with subtle features that are comfortable. This trend has resulted in collaborations among design companies, material suppliers, and electronics manufacturers, thereby stimulating creativity and widening the possibilities with flexible electronics.

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Flexible Electronics Market Size, Share, Growth Analysis, By Component(Displays, Batteries, Sensors, Memory Devices), By Application(Consumer Electronics [Television, Wearable Devices, Smartphone, Others]), By Region - Industry Forecast 2024-2031

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Flexible Electronics Market Size, Share, Growth Analysis, By Component(Displays, Batteries, Sensors, Memory Devices), By Application(Consumer Electronics [Television, Wearable Devices, Smartphone, Others]), By Region - Industry Forecast 2024-2031

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What is the global market size of Flexible Electronics Market?

Who are the key vendors in the Flexible Electronics Market?

What is the key driver of Flexible Electronics Market?

What is the key market trend for Flexible Electronics Market?

Which region accounted for the largest share in Flexible Electronics Market?

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