Flexible Electronics Market Size, Share, Growth Analysis, By Component (Displays, Batteries), By Application (Consumer Electronics, Automotive), By Region - Industry Forecast 2024-2031

Global Flexible Electronics Market size was valued at USD 25.5 billion in 2022 and is poised to grow from USD 27.1 billion in 2023 to USD 60.67 billion by 2031, growing at a CAGR of 10.60% during the forecast period (2024-2031).

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 2031 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 2019.

US Flexible Electronics Market is poised to grow at a sustainable CAGR for the next forecast year.