Flexible Electronics Market

2021-2030 Analysis and Review Flexible Electronics Market

Flexible Electronics Market

Flexible Electronics Market By Circuit Structure (Single Sided Flex, Double Access Flex, double Sided Flex, Rigid Flex, Others), By Component (Flexible Display, Flexible Battery, Flexible Sensors, Flexible Memory, Photovoltaics, Others), By Application (Consumer Electronics, Automotive, Medical and healthcare, Energy and power, Defense and Aerospace, Sensing, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

02-03-2022 REP-HC-139327 115 pages Format

The ‘Global Market for Flexible Electronics’ is anticipated to grow at a CAGR of 25.2% during the forecast period 2022-2030. Continuous evolving advancement in compact sized devices and thin film materials has fueled the developments of ‘Global Flexible Electronics Market’. All these advancement, along with newer integration process enabled the wafer scaled process to be combined with flexible substrates such as silicon and plastics. Which resulted in numerus products such as flexible displays, thin film batteries, photovoltaics plates for solar plants and various others.

Flexible Electronics Market

Key Benefits of Flexible Photovoltaics Driving Market Revenues

Flexible photovoltaics are also largely used for solar panel production and these are flexible, low cost easy to material w.r.t. conventional solar panels and it can also remove the need of metal racking. Huge logistics expenditures can also cut the manufacturing costs. Flexibility in electronic devices is even attractive for medical and healthcare sector. As, living organisms are intrinsically malleable and flexible, it becomes a necessity to involve flexibility in order to make sensing and monitoring device efficient to carry out their daily tasks, thus flexible electronics, specially bio sensors and flexible screens are being widely used and have a bright flourishing growth in the forecast period.

Flexible Display Technology Holds the Largest Share

Thin film displays technology has always been a host of many advantages such as large scalability along with low cost of devices with the edition to seamless deployment in almost every application. Due to these benefits these screens are largely used in many consumer electronics as well as in various wearable devices. These flexible display holds the largest market share in total flexible electronics and is likely to continue its dominance in the forecast period. The market of flexible display is currently valued $ 1.5 billion and is likely to grow $6.5 billion in 2022 with the highest growth rate i.e. 26.9% in the forecast period.

360 Degree Market Analysis from Atlantic Market Research

The scope of the global flexible electronics market in this report includes single-sided flex circuit, double access flex circuit, double sided flex circuit, rigid flex circuit and various others. It also includes components of flexible circuits comprising flexible display (OLED, E-paper, LCD), flexible battery, flexible sensor (bio sensors, CMOS hybrid sensors, photo detectors, PIEZO resistive and others), flexible memory, photo voltaic and others. The market estimation also includes the revenue generated from flexible electronics in these numerous application sectors including consumer electronics (wearable devices, smart phones, tablets & e-readers, televisions and others), automotive (OLED lightings, Smart systems, green cars), medical devices (day-to-day health monitoring devices and core medical devices), energy & power, defense & aerospace, sensing and others. The report and market estimation excludes the organic printed electronics.

APAC Leads Both in terms of Revenues and Growth

The production of these devices requires huge VLSI scale integration, and also the cost of production is required to be low, just to sustain the competition involved in the market. Hence, globally these flexible electronics are being shaped in mass-production- plants which are largely situated in countries like China, Korea and Japan. Moreover, the consumption of consumer electronics is higher in Asia, as the smart phone market alone in countries like India. Thus, Asia Pacific holds the largest market revenue in global flexible electronics market and has the highest CAGR of 25.9% during the forecast period.

The Market Remains Fragmented While Innovations Enable Growth Among Key Market Players

The market is fragmented with significant number of market players, each of which is specialized into flexible electronics for specific industries such as consumer electronics, automobile, medical & healthcare etc. Some of the major companies involved in flexible electronics market are Samsung Electronics Co. Ltd., LG Electronics, E Ink Holdings Inc., First Solar and 3M. Amongst them, Samsung Electronics Co. Ltd. holds the largest market share with respect to others as it has wide presence across geographies and has the highest revenue of flexible electronics.Product Launch is the key strategy adopted by the market players with the aim to expand/strengthen their market share in global flexible electronics market. High number of product launches related to flexible electronic products is been witnessed in during 2020-2021.

Historical &Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative andqualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

Global Flexible Electronics Market, By Circuit Structure, 2020-2030, ($Millions)

  • Single Sided Flex
  • Double Access Flex
  • double Sided Flex
  • Rigid Flex
  • Others

Global Flexible Electronics Market, By Component, 2020-2030, ($Millions)

  • Flexible Display
  • Flexible Battery
  • Flexible Sensors
    • Bio Sensor
    • CMOS Hybrid Sensor
    • Photo Detectors
    • Piezo Resistive
    • Others
  • Flexible Memory
  • Photovoltaics
  • Others

Global Flexible Electronics Market, By Application, 2020-2030, ($Millions)

  • Consumer Electronics
    • Wearable Device
    • Smart Phone
    • Tablets and E-Readers
    • Television
    • Others
  • Automotive
    • OLED lighting and Display
    • Smart System
    • Green Cars
  • Medical and healthcare
    • Day to Day Monitoring Devices
    • Core Medical Devices
  • Energy and power
  • Defense and Aerospace
  • Sensing
  • Others

By Region (2020-2030; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global flexible electronics market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?

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