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Flexible Electronics Market Size to Grow USD 61 Billion by 2030

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According to Precedence research, the global flexible electronics market size is predicted to grow USD 61 billion by 2030 from at USD 27.2 billion in 2020, growing at a CAGR of 8.5% from 2021 to 2030.

Crucial factors accountable for market growth are:

The global flexible electronic market is primarily driven by the rising demand for the compact electronic devices across various industry verticals such as automotive, healthcare, military, and consumer electronics. The rising demand for the compact and designer electronic devices requires the flexible electronics, which are known for its stretchable and flexible features that boosts its adoption in various devices. The proliferation of various technological advancements such as AI and IoT is fostering the growth of the flexible electronics market across the globe.

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Scope of the Flexible Electronics Market

Report Coverage Details
Market Size in 2020 USD 27.2 Billion
Growth Rate CAGR of 8.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Companies Covered Samsung Electronics, LG Corporation, Solar Frontier, Palo Alto Research Center Incorporated, Cymbet Corporation, E Ink Holdings, Blue Spark Technologies, Enfucell Flexible Electronics Co. Ltd., Imprint Energy, AU Optronics

 

Report Highlights

  • North America dominated the global flexible electronics market, garnering over 30% of the market share in 2020. This is attributable to the rising utilization of digital and electronic components in the manufacturing of numerous electronic devices in the healthcare and the automotive industries.
  • Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is characterized by the presence of world’s top electronic manufacturers that spurs the demand for the flexible electronic.
  • Based on the application, the displays segment dominated the market, accounting for around 50% of the market share in 2020. The displays are an essential component of majority of the consumer electronic products such as smart TVs, foldable smartphones, laptops, and tablets. The exponential demand for the consumer electronics across the globe had resulted in the growth of the displays segment in the global flexible electronics market.
  • Based on the verticals, the healthcare is estimated to be the most opportunistic segment. The growing prevalence of diseases and growing geriatric population are the major factors that encourages the development of smart and innovative devices, which fuels the growth of the flexible electronics across the healthcare industry.

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OBJECTIVES OF THE STUDY

  • To analyze and forecast the Flexible Electronics market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global Flexible Electronics market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Flexible Electronics market

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Research Methodology

  • Market estimate for 2021
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Flexible Electronics market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

The major players operating in the market are ACOMA Medical Industry Co., Ltd., Dragerwerk AG & Co. KGaA, MAQUET Holding B.V. & Co. KG., Bio-Medical Devices Intl, GE Healthcare, CareFusion Corporation, Bunnell Incorporated, Covidien, Teleflex Incorporated, Koninklijke Philips N.V.

Segments Covered in the Report

By Application

  • Displays
  • Sensors
  • Thin-Film Photovoltaics
  • Batteries
  • Others

By Verticals

  • Healthcare
  • Consumer Electronics
  • Energy & Power
  • Aerospace
  • Military
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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