Flexible Electronics Market – Global Industry Analysis and Forecast (2023-2029)

Flexible Electronics Market size was valued at US$ 23.86 Bn. in 2022 and the total Flexible Electronics revenue is expected to grow by 15.2% from 2023 to 2029, reaching nearly US$ 64.27 Bn.
Flexible Electronics Market Overview:
Flexible electronics are being built into a broad range of industrial and consumer items on the market today. These products include elements in today's mobile phones and screens, social and health performance instruments, identification tags, sensor componentry in cars and airplanes, biological and chemical sensors, and pressure sensors in bridges and machinery. The report explores the Flexible Electronics market's segments (Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Flexible Electronics market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Flexible Electronics market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Flexible Electronics Market Dynamics:
A major driver of the market growth is that consumer electronics demand is increasing.

Flexible electronics are low-cost, long-lasting, and dependable, and are commonly utilized in cellphones, computers, televisions, laptops, wearable technology, and other consumer electronic products. Flexible screens are used in such gadgets to conserve space, as well as to minimize width and weight. Flexible organic light-emitting diode and flexible OLCD are the two main types of displays often utilized in such applications. The need for flexible electronics is developing in tandem with the desire for consumer electronic gadgets. Despite a drop in smartphone shipping owing to the COVID-19 outbreak, the smartphone market is anticipated to rebound shortly. The high penetration of portable electronic products across industries drives growth in the flexible electronics industry.

Higher Initial Investment costs are a major restraint in the market growth.

When it comes to innovative technologies, price reduction is frequently a driving force behind research and development initiatives. The expense of novel tools and components for flexible electronics innovation, on the other hand, is quite costly. Manufacturers must consequently place a high priority on R&D to produce value that goes beyond cost savings, such as smaller and lighter, more resilient and flexible goods. Material qualities could influence financial decisions in multiple technologies. The introduction of new technologies necessitates the use of precise machinery and qualified employees, which adds to the overall expenditures. As a result, the significant investment required is a hindrance to the flexible electronics market growth.

The key opportunity in the market is that continuous technological advancement is anticipated to generate profitable growth prospects.

Major industry players are extensively spending on R&D to continually develop their goods. In cooperation with Intel, Samsung, for example, reached 300 Gbps on its fifth-generation core. Because of its extremely flexible and adaptable architecture, the businesses intend to offer 5G services more quickly and affordably. Another example would be that Apple received a patent for a foldable smartphone having a flap system that uses moveable flaps to avoid the display from being crumpled or scratched when folded. Through these advancements, big corporations are motivating and challenging one another to capitalize on the advantages of flexible technology. The continual technological advancement in the flexible electronics sector is estimated to create profitable prospects for flexible electronics industry players.
Flexible Electronics Market Segment Analysis:
By Application, the display segment is expected to grow at a CAGR of 6.3% in the forecast period. In the Flexible display market, leading companies include Samsung and LG, which manufacture flexible OLED display technology for smartphone applications. The market for these flexible display screens, particularly Organic LED display panels, is likely to rise in the coming years. Handset makers such as Samsung Electronics and Apple have begun to include flexible Organic LED screens in their flagship models, such as the Samsung Note series, as well as the iPhone X series. Numerous additional smartphone manufacturers are likely to use flexible screens over the forecast period. Large-screen systems, e.g. televisions and digital signal systems, are also using flexible screens.By End-User, the healthcare segment is expected to grow at a CAGR of 3.4% in the forecast period. 3D printing is evolving and has numerous uses, including 3D printed foldable electronic items in the healthcare industry. 3-dimensional printers may be used to directly embed medical applications onto human tissue and can aid in the development of flexible electrical sensing devices to measure patient parameters. These printers could increase feeling in prosthetic hands and artificial limbs. Moreover, a 3D printed flexible electronic gripper may be utilized to give patients pleasant thermotherapy, since the heat produced by these versatile electronic devices can cure injury locations by increasing blood flow and decreasing pain. These 3D printing technology-based flexible electronic items have a wide range of uses, including artificial organs for the handicapped. Humanity & Inclusion (a French-based Organization) took the initiative in 2022 to manufacture roughly 90 orthopedic technological gadgets for individuals in need in Madagascar, Togo, and Niger.
Flexible Electronics Market Regional Insights:
Europe is the most rapidly growing region in the flexible electronics market. The growing desire for intelligent wearables, paired with consumer electronics, is driving the regional demand for flexible electronic products. As per Ericsson, smartphone subscriptions in Western Europe and Central and Eastern Europe were nearly 387 million and 347 million, respectively, in 2022. Subscriptions are estimated to reach over 500 million and 510 million by 2025, correspondingly. The new product launches from players in the region are anticipated to drive market growth. Zinergy UK Ltd, for example, introduced a new flexible Zinc-Carbon series at the Wearable Technology Exhibition in 2022. The service is important in controlling the temperature and condition of items, as well as asset management.

Aside from that, numerous government programs are anticipated to not only stimulate demand for semiconductors and other electronic products but also to establish enterprises with diverse investments. For example, the EU's electronic policy intended to keep the continent at the forefront of micro and Nanoelectronic design and manufacture. The strategy aided the sector by investing USD 105 billion by the end of 2022.

The objective of the report is to present a comprehensive analysis of the Flexible Electronics 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 report also helps in understanding the Flexible Electronics market dynamics, and structure by analyzing the market segments and projecting the Flexible Electronics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Flexible Electronics market make the report investor’s guide.
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Flexible Electronics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 23.86 Bn.


Forecast Period 2023 to 2029 CAGR:
15.2%
Market Size in 2029:
US $ 64.27 Bn.


 Segments Covered:
by Application
Sensing
Lighting
Display
Other


by End-User
Consumer Electronics
Automotive
Healthcare
Military and Defense
Other


by Vertical
Healthcare
Consumer Electronics
Energy & Power
Aerospace
Military
Others



Flexible Electronics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Flexible Electronics Market, Key Players:
1. E Ink Holdings Inc.
2. Blue Spark Technologies
3. Samsung Electronics Co. Ltd
4. LG Electronics Inc.
5. OLEDWorks LLC
6. Royole Corporation
7. FlexEnable Ltd
8. PragmatIC Printing Ltd
9. AU Optronics Co. Ltd
10.Imprint Energy Inc.
11.Flex Ltd
12.Flexpoint Sensor Systems Inc.
13.Panasonic Corporation
14.The 3M Company
15.Cymbet Corporation

FAQs:

1. Which is the potential market for Flexible Electronics in terms of the region?
Ans. Europe is the potential market for Flexible Electronics in terms of the region.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is that continuous technological advancement is anticipated to generate profitable growth prospects.

3. What is expected to drive the growth of the Flexible Electronics market in the forecast period?
Ans. A major driver of the market growth is that consumer electronics demand is increasing.

4. What is the projected market size & growth rate of the Flexible Electronics Market?
Ans. Flexible Electronics Market size was valued at US$ 23.86 Bn. in 2022 and the total Flexible Electronics revenue is expected to grow by 15.2% from 2023 to 2029, reaching nearly US$ 64.27 Bn.

5. What segments are covered in the Flexible Electronics Market report?
Ans. The segments covered are Application, End-User, and Region.