Product ID: SQMIG45J2193
Report ID:
SQMIG45J2193 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
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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REQUEST FREE CUSTOMIZATIONFlexible 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).
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Product ID: SQMIG45J2193