USD 18.48 billion
Global Flexible Electronics Market Size, Share, Growth Analysis, By Application(Flexible Display, Flexible Battery), By End-User(Consumer Electronics, Healthcare) - Industry Forecast 2023-2030
Report ID: SQSG45J2026 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 66 | Figures: 75
Global Flexible Electronics Market Insights
Flexible Electronics Market size was valued at USD 18.48 billion in 2021 and is poised to grow from USD 22 billion in 2022 to USD 89.2 billion by 2030, growing at a CAGR of 19.1% in the forecast period (2023-2030).
Flexible electronics have gained a huge popularity with the growing number of electronic applications across the globe. Also, the advent of flexible batteries and increasing usage of flexible sensors in smart packaging and tracking application are expected to bring an extensive growth and demand in the global flexible electronics market throughout the forecast period. For instance, in March 2021, Toppan Printing developed a flexible Thin-Film-Transistor which can withstand million bending cycles to a 1 mm radius of curvature and demonstrates advantages for practical application.
In addition, folding smartphones are gaining huge popularity in the flexible electronics market all over the world. According to our findings, Samsung has said that around 10 million foldable smartphones being shipped worldwide last year, with an increase of more than 300 percent from 2020. And, the IDC has projected that the number of foldable smartphones shipments will reach 27.5 million units by 2025 with a CAGR of 69.8% from 2020 to 2025.
Furthermore, advancement and development of in-mold electronics and flexible sensors is further expanding the growth of flexible and smart wearable technologies. The growth of flexible wearable devices, especially smart wearable devices may further expand the scope of the global flexible electronics market over the forecast period. According to Cisco, the number of connected wearables worldwide has crossed 900 million units in 2021.
US Flexible Electronics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Flexible Display
Fastest Growth
Flexible Display
Growth Rate
19.1% CAGR
Global Flexible Electronics Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Flexible Electronics Market Size By Application 2022-2028 ($ Bn)
Global Flexible Electronics MarketSize By Application 2022-2028 (%)
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Global Flexible Electronics Market Segmental Analysis
Flexible Electronics Market is segmented on the basis of application, end-user, and region. By application, the Flexible Electronics Market is segment into flexible display, flexible battery, flexible sensor, and flexible memory. By end-user, the Flexible Electronics Market is categorized into consumer electronics, healthcare, automotive, aerospace & defence, and others. By region, the Flexible Electronics Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Flexible Electronics Market Analysis by Application
By application, the flexible display segment dominated the market with a significant share in 2021. High application penetration in smartphones, laptops, notebooks, and desktops are key factors driving the growth of the market during the forecast period. Additionally, features such as, power efficiency and fast microsecond on/off pixel switching rates in the devices are also expected to impact the segment growth positively.
Moreover, the battery segment is expecting to grow at a steady rate throughout the forecast period. The proliferation of Internet of Things (IoT) and implementation of that in wearables and environmental sensors demand are likely to be the key factors of the market and expected to drive the market growth in the coming years.
Flexible Electronics Market Analysis by End-User
By end-user, the consumer electronics segment held the largest market share and accounted for more than 56% in 2021. This is directly attributed to the rapid growth and advancements in the consumer electronics and development of attractive products to influence the consumers and then boost the sales of the latest and advanced electronic products across the globe.
On the other hand, the healthcare is expected to grow at fastest CAGR and most opportunistic segment during the forecast period. Due to the rising investments in the research and development of several medical equipment including patient monitoring devices, self-monitoring devices, and various wearable medical devices. Increasing healthcare expenditure coupled with the rising burden of various diseases is fostering the adoption of the innovative and advanced healthcare devices across the globe and creating lucrative opportunities for the global flexible electronics market over the forecast period.
Global Flexible Electronics Market By Application 2021 (%), 2021 (%)
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Global Flexible Electronics Market Regional Insights
Globally, North America held the largest global flexible electronics market share in 2021, with a contribution of more than 33% of global market. Increasing adoption of the flexible electronic devices among healthcare, consumer electronics, automotive, and military in the region are the major factors contributed to the growth of the market. In addition, growing establishment of high-technology industries for flexible electronics for military use in the region is also expected to contribute in the demand and growth of the market during the forecast period.
Asia Pacific is expected to be the fastest growing market with a healthy CAGR throughout the forecast period. This is simply attributed to the presence of several top manufacturers of the flexible consumer electronics in the region. Growing demand for the various affordable flexible devices is boosting the consumption of the flexible electronics. Moreover, rising government efforts to attract FDIs to set up their production units in the nation like China, India, and Indonesia owing the availability of cheap raw materials and labour in the region.
Global Flexible Electronics MarketBy Geography, 2022-2028, 2023-2030
- Largest
- Fastest
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Global Flexible Electronics Market Dynamics
Flexible Electronics Market Drivers
- Adoption of intelligent flexible electronic devices, such as flexible phones, laptops, sensors and thinner across the globe is the major driver of the global flexible electronics market. The application of MEMS and the advent of NEMS in sensor technology have created a demand for the intelligent power sources for miniature devices. In addition, flexible screens and sensors give choices to manufacturers to build desired designs, driving market growth.
- Global flexible electronics market is primarily driven by the individual features of flexible circuits and increasing consumer goods industry. The market is projected to have a rapid growth due to the continuous technological advancements and development into products and growing demand in consumer electronics.
Flexible Electronics Market Restraint
- Flexible electronics are comparatively more expensive than one with standard electronic components, which is likely to hinder the market growth during the forecast period. Active RFID tags that need internal powering are more expensive than passive RFID tags that doesn’t require powering. As a result, flexible electronics become more expensive and it is impacting its growth negatively across the world.
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Global Flexible Electronics Market Competitive Landscape
Global flexible electronics market is fairly fragmented with the presence of several big players such as Blue Shark Technologies, LG Electronics Inc., and OLEDWorks LLC. Major payers are primarily focusing on the development, innovation, and efficiency of products to provide various benefits related to power efficiency and product designs. Increasing R&D investments is another strategy opting by key players to strengthen their market position.
Top Players in the Global Flexible Electronics Market
- Samsung Electronics Co. Ltd.
- LG Electronics Inc.
- Panasonic Corporation
- Sharp Corporation
- Flex Ltd.
- Polyera Corporation
- E Ink Holdings Inc.
- Koninklijke Philips N.V.
- First Solar Inc.
- Blue Spark Technologies Inc.
- DuPont de Nemours, Inc.
- Multi-Fineline Electronix Inc.
- MC10 Inc.
- Thin Film Electronics ASA
- Canatu Oy
- Imec International
- Ilika plc
- SolarWindow Technologies Inc.
- Heliatek GmbH
- VTT Technical Research Centre of Finland Ltd.
Flexible Electronics Market Recent Developments
- In June 2021, Samsung announced the development of a fully flexible OLED display that can adhere to and conform to the skin’s surface. For creating a flexible display, Samsung developed individual OLED pixels that are ridged but sit on a flexible elastomer surface
- In January 2022, LG Display revealed its flexible OLED solutions it concept form, including the Virtual Ride Indoor stationery bicycle and Media Chair Integrated entertainment center, ahead of CES 2022.
Global Flexible Electronics Key Market Trends
- Companies are investing higher in R&D to enhance and strengthen their market position, and market research predicts that as technology advances, the global market will see an influx of viable income generation options. Multi functionalities, such as microphones, speakers, and batteries, can be incorporated into a single electronic device by using this technology.
- 3D Printing is becoming more advance, and it has a large range of applications, including 3D printed flexible electronic devices in the healthcare sector. It can be used in direct printing of biomedical devices onto the human skin and can help build flexible electronic sensors for measuring bogy pressure.
Global Flexible Electronics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global flexible electronics market analysis, the global flexible electronics market is witnessing a significant growth during the forecast period owing to increased technology, rising popularity, consumer preferences towards flexible devices, and high expenditure on the advancement of devices. In addition, government initiatives to attract major players of the market to establish their manufacturing units in their prospective region is expected to contribute positively in the growth of the flexible electronics market. However, high initial cost for the development projects and advancement of technology is likely to restrain the growth of the global market over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 18.48 billion |
| Market size value in 2030 | USD 22 billion |
| Growth Rate | 19.1% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Flexible Electronics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Flexible Electronics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Flexible Electronics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Flexible Electronics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Flexible Electronics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Flexible Electronics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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