2021-2030 Analysis and Review 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
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.
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)
Global Flexible Electronics Market, By Component, 2020-2030, ($Millions)
Global Flexible Electronics Market, By Application, 2020-2030, ($Millions)
By Region (2020-2030; US$ Mn)
Global Impact of Covid-19 Segment (2020-2021; US$ Mn)
Key questions answered in this report
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