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

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).

Some of the most significant drivers expected to foster an increase in the global flexible electronics market are an overall rise in the acceptance of laptops and goods of smartphones and wide application of flexible electronics in the consumer electronics sector, that is, flexible batteries and flexible displays. Manufacturers of consumer electronics focus on developing new products whose sizes are low but offer excellent performance. Flexible screen and battery usage makes the development of lightweight, robust, bendable, and long-lasting goods easy. The global healthcare industry is fast evolving medical equipment, surgery, and diagnostic technologies. Moreover, the demand from the consumers to have fewer surgical and diagnostic procedures is gaining momentum; this requires medical equipment and gadgets with super electrical characteristics, flexibility, and stretchability. The rising demand for high-end medical equipment and devices is likely to fuel the growth of the global market for flexible electronics, further spurring the demand for flexible battery and sensor. Increased spending by consumers is forcing sales in commercial and passenger vehicles alike among leading countries such as the US, China, and India. To be different from others and attract more customers, automobile companies have focused on the launch of vehicles with superior interior designs and technologies such as capacitive touch screens, flexible backlighting, and thin-film heaters. The market is expected to grow with wide applications in printed sensors and batteries in the automobile industry.

US Flexible Electronics Market is poised to grow at a sustainable CAGR for the next forecast year.