Flexible Electronics and Circuit Market: Global Flexible Electronics and Circuit Market by Vertical, Application, Structure Type, and Region, Forecast to 2027

Flexible Electronics and Circuit Market was valued at US$30.18 billion in 2021. Over the forecast period, the market is expected to grow at an 8.23% CAGR, reaching US$ 48.5 billion in 2027.

Flexible Electronics and Circuit Market Overview:

Flexible circuits are used in computer peripherals to connect signals to the moving print heads of printers and the poignant arm carrying the read-write heads of disc drives. Flexible circuits are used in consumer electronics approaches such as cameras, personal entertainment devices, calculators, and exercise displays. Electronic components are placed on plastics or flexible substrates such as polyimide polyester films for the method of flexible electronic devices and circuits. Flexible printed circuits, also known as flex circuits and printed circuit boards at times. In terms of design, manufacture, and function, PCB and flex circuits differ suggestively. A common upscale error is to create a flexible circuit that monitors the same rules as a PCB. Because copper oxidizes quickly, contact surfaces are repeatedly coated with a defensive layer. Flexible Electronics and Circuit Market To know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.

Flexible Electronics and Circuit Market Dynamics:

The growing implementation of flexible displays and thin-film photovoltaic, as well as the increasing ultimatum for printed sensors in automotive applications, are driving the growth of the flexible electronics and circuit market. Flexible electronics are low-cost, long-lasting, and responsible, and are extensively used in smartphones, PCs, televisions, tablets, wearables, and other consumer electronic devices. Flexible displays are salvaged in such devices to save space, as well as to moderate thickness and weight. Flexible organic light-emitting diode (OLED) and flexible organic liquid crystal display are the two main types of displays jumble-sale (OLCD). The demand for flexible electronics is accumulative in tandem with the demand for consumer electronic strategies. Despite a droplet in smartphone shipment due to the COVID-19 pandemic, the smartphone market is expected to rebound soon. Increased unbending product growth in various applications is restrictive to the growth of the flexible electronics and circuit market. Apart from that, when it emanates to new technologies, cost reduction is commonly a driving force behind R&D efforts. The cost of new constituents and equipment for flexible electronics investigation, on the other hand, is excessively expensive. Manufacturers must thus place a high priority on R&D to create value that goes elsewhere cost reduction, such as thinner and lighter products that are more vigorous and bendable. Material properties will stimulus investment decisions in certain expertise. The development of new technologies requires the use of exact machinery and trained recruits, which adds to the overall costs. As a result, the high venture required is a constraint for the flexible electronics and circuit market which is hampering the growth of the market. Major industry players are heavily capitalizing on R&D to incessantly develop their products. In partnership with Intel, Samsung, for example, attained 305Gbps on its 5G SA core. Because of its exceedingly flexible and ascendable design, the company expects to launch 5G services more rapidly and cost-effectively. Apple Inc. received a patent in 2020 for a foldable device with a hinge mechanism that uses movable flaps to help prevent the exhibition from being creased or damaged when crumpled. Through these developments, major corporations are promising and challenging one another to capitalize on the advantages of flexible technology. The incessant technological development in the flexible electronics industry is expected to create lucrative opportunities for flexible electronics & circuit market accomplices.

Key Development in Flexible Electronics and Circuit Market:

• Jan 2021: LG has acquired a controlling stake in ALPHONSO, a TV data and measurement firm. • Jan 2021: PRAGMA TLC Printing Ltd. and Schreiner MEDI-PHARM, a pharmaceutical packaging company, have collaborated to create a low-cost NFC-enabled prescription label. The ultra-thin FLEXI 13.56 MHz chip from PRAGMA TLC, which is obedient with a subset of the ISO 14443 standard, has been assimilated into Schreiner MEDI-PHARM labels for use on cartons, vials, and syringes. Even on a small glass vial, syringe, or pill bottle, the new slim and flexible label can be effortlessly applied, encoded, and read. • Oct 2020: Samsung Electronics and Kyocera Communication System (KCCS) have signed a memorandum of understanding (MoU) to expand the private 5G network business in Japan together.

Key Flexible Electronics Market Trends:

• In-mould electronics (IME) and flexible sensors are increasing the scope of flexible and printed electronics in smart wearable technologies. Wearable device growth, chiefly smart wearable device growth, may increase the market scope over the forecast period. Cisco predicts that the number of associated wearables will exceed 900 million by 2021. • According to BNP Media, by 2030, electronic mechanisms will account for half of the total cost of an automobile's manufacture. Earlier in the decade, it was only 30%. Thin, light and flexible electronics progressions are at the source of a wide range of innovative technologies, from curved TVs to glucose observing contact lenses. This could result in the expansion of printable solar cells and flexible screens founded on organic light-emitting diodes (OLEDs).

Flexible Electronics and Circuit Market Segment Analysis:

By Application, the market is segmented into OLED & LCD Display, Printed Sensors, Battery, Thin-Film PV, OLED Lighting. The OLED & LCD Display segment is expected to hold a 36.6% market share in terms of revenue by 2027. The flexible display market is led by industry frontrunners such as Samsung and LG, which creation flexible OLED display panels for smartphone applications. The demand for these flexible display panels, predominantly OLED display panels, is expected to rise in the coming years. Smartphone manufacturers such as Samsung and Apple have begun to integrate flexible OLED displays into their flagship strategies, such as the Samsung Galaxy S and Note series, as well as the iPhone X and XS series, is the major factor for driving the growth of this segment. Flexible Electronics and Circuit Market By Vertical, the market is segmented into Consumer Electronics, Healthcare, Automotive, and Industrial. The Consumer Electronics segment is expected to hold the 33.3% market share in terms of revenue by 2027. This market's expansion can be accredited to the extensive use of flexible exhibitions in consumer electronic devices such as smartphones, wearable and televisions. Flexible OLED displays are extensively used in leading smartphones contrived by industry leaders like Apple Inc. and Samsung Group. Apple intends to release the iPhone Flip with a bendable display. Such advancements have suggestively aided the growth of the consumer electronics vertical's overall market.

Flexible Electronics and Circuit Market Regional Insights:

The European region dominated the flexible electronics and circuit market and accounted for the 46.6% market share in 2021 for the market. In the flexible electronics market, Europe is the fastest-growing region. The growing demand for smart wearables, combined with consumer electronics, is driving the region's demand for flexible electronics. According to Ericsson, smartphone subscriptions in Western Europe and Central and Eastern Europe were 390 million and 350 million, respectively, in 2020. Subscriptions are expected to reach 490 million and 500 million by 2025, respectively which is a major reason for driving the growth of the market. However, the North American region is expected to grow at a CAGR of 6.6% during the forecast period. As a result of the growing formation of high-technology industries manufacturing flexible electronics for military use. Several states in the United States that are on the cutting edge of the invention have recognized research centres for flexible and printed electronics which is also considered as a major reason for fuelling the growth of the market. The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the market makes the report investor's guide.

Flexible Electronics and Circuit Market Scope: Inquire before buying

Global Flexible Electronics and Circuit Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 30.18 Bn.
Forecast Period 2022 to 2027 CAGR: 8.23% Market Size in 2027: US $ 48.5 Bn.
Segments Covered: by Application • OLED & LCD Display • Printed Sensors • Battery • Thin Film PV • OLED Lighting
by Vertical • Consumer Electronics • Healthcare • Automotive • Industrial
by Structure Type • Single-Sided • Multilayer • Double-Sided • Rigid

Flexible Electronics and Circuit Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Flexible Electronics and Circuit Market Key Players

• Solar Frontier • First Solar • Panasonic • Konica Minolta • OLED Works • Blue Spark Technologies • BrightVolt • Heliatek • Cymbet • Palo Alto Research Center • Thin Film Electronics • Royole Corporation • FlexEnable • Enfucell. • The 3M Company Frequently Asked Questions: 1] What segments are covered in the Flexible Electronics and Circuit Market report? Ans. The segments covered in the Flexible Electronics and Circuit Market report are based on Application, Vertical and Structure Type. 2] Which region is expected to hold the highest share in the Flexible Electronics and Circuit Market? Ans. The European region is expected to hold the highest share in the Flexible Electronics and Circuit Market. 3] What is the market size of the Flexible Electronics and Circuit Market by 2027? Ans. The market size of the Flexible Electronics and Circuit Market is expected to be 48.5 Bn. by 2027. 4] What is the forecast period for the Flexible Electronics and Circuit Market? Ans. The forecast period for the Flexible Electronics and Circuit Market is 2022-2027. 5] What was the market size of the Flexible Electronics and Circuit market in 2021? Ans. The market size of the Flexible Electronics and Circuit market in 2021 was US$ 30.18 Bn.
1. Flexible Electronics and Circuit Market: Research Methodology 2. Flexible Electronics and Circuit Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Flexible Electronics and Circuit Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Flexible Electronics and Circuit Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Flexible Electronics and Circuit Market Segmentation 4.1. Flexible Electronics and Circuit Market Size, by Application (2021-2027) • OLED & LCD Display • Printed Sensors • Battery • Thin-Film PV • OLED Lighting 4.2. Others Flexible Electronics and Circuit Market Size, by Vertical (2021-2027) • Consumer Electronics • Healthcare • Automotive • Industrial 4.3. Others Flexible Electronics and Circuit Market Size, by Structure Type (2021-2027) • Single-Sided • Multilayer • Double-Sided • Rigid 5. North America Flexible Electronics and Circuit Market (2021-2027) 5.1. Flexible Electronics and Circuit Market Size, by Application (2021-2027) • OLED & LCD Display • Printed Sensors • Battery • Thin-Film PV • OLED Lighting 5.2. Flexible Electronics and Circuit Market Size, by Vertical (2021-2027) • Consumer Electronics • Healthcare • Automotive • Industrial 5.3. Flexible Electronics and Circuit Market Size, by Structure Type (2021-2027) • Single-Sided • Multilayer • Double-Sided • Rigid 5.4. North America Flexible Electronics and Circuit Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Flexible Electronics and Circuit Market (2020-2027) 6.1. European Flexible Electronics and Circuit Market, by Application (2021-2027) 6.2. European Flexible Electronics and Circuit Market, by Vertical (2021-2027) 6.3. European Flexible Electronics and Circuit Market, by Structure Type (2021-2027) 6.4. European Flexible Electronics and Circuit Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Flexible Electronics and Circuit Market (2020-2027) 7.1. Asia Pacific Flexible Electronics and Circuit Market, by Application (2021-2027) 7.2. Asia Pacific Flexible Electronics and Circuit Market, by Vertical (2021-2027) 7.3. Asia Pacific Flexible Electronics and Circuit Market, by Structure Type (2021-2027) 7.4. Asia Pacific Flexible Electronics and Circuit Market, by Country (2021-2027) • China • India • Japan • Latin Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Flexible Electronics and Circuit Market (2020-2027) 8.1. The Middle East and Africa Flexible Electronics and Circuit Market, by Application (2021-2027) 8.2. The Middle East and Africa Flexible Electronics and Circuit Market, by Vertical (2021-2027) 8.3. The Middle East and Africa Flexible Electronics and Circuit Market, by Structure Type (2021-2027) 8.4. The Middle East and Africa Flexible Electronics and Circuit Market, by Country (2021-2027) • Latin Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Flexible Electronics and Circuit Market (2020-2027) 9.1. Latin America Flexible Electronics and Circuit Market, by Application (2021-2027) 9.2. Latin America Flexible Electronics and Circuit Market, by Vertical (2021-2027) 9.3. Latin America Flexible Electronics and Circuit Market, by Structure Type (2021-2027) 9.4. Latin America Flexible Electronics and Circuit Market, by Country (2021-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Solar Frontier 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. First Solar 10.3. Panasonic 10.4. Konica Minolta 10.5. OLED Works 10.6. Blue Spark Technologies 10.7. BrightVolt 10.8. Heliatek 10.9. Cymbet 10.10. Palo Alto Research Center 10.11. Thin Film Electronics 10.12. Royole Corporation 10.13. FlexEnable 10.14. Enfucell. 10.15. The 3M Company

About This Report

Report ID 14601
Category Electronics
Published Date September 2019
Updated Date Mar 2022
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