Global Flexible Electronics Market

Global Flexible Electronics Market Size, Share, Growth Analysis, By Application(Flexible Display, Flexible Battery), By End-User(Consumer Electronics, Healthcare) - Industry Forecast 2024-2031


Report ID: SQMIG45J2193 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 75

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.

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FAQs

Flexible Electronics Market size was valued at USD 18.48 billion in 2019 and is poised to grow from USD 22 billion in 2023 to USD 89.2 billion by 2031, growing at a CAGR of 19.1% in the forecast period (2024-2031).

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. '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.'

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.

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.

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.

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Global Flexible Electronics Market

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