April 20, 2024

Flexible Electronics Market Revenue to Reach Nearly US$ 61 Billion By 2030

The flexible electronics market was valued at approximately USD 29.4 billion in 2021, and it is expected to witness a revenue of USD 61 billion in 2030, with a CAGR of 8.5% from 2021-2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

The flexible electronics market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

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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.

The rapidly growing healthcare, automotive, and consumer electronics industry is fueling the demand for the flexible electronics, globally. The growing demand for the smart wearable devices and advancements in the in-mold electronics is further fueling the demand for the flexible electronics. Moreover, the rising adoption of the electronic components in automotive industry is expected to significantly drive the growth of the global flexible electronics. The recent outbreak of the COVID-19 disease had adversely affected the market owing to the lockdown restrictions imposed across the globe. The manufacturing plants were completely or partially closed which hampered the production of electronic gadgets around the global markets.

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global flexible electronics market are listed as below:

  • Samsung Electronics
  • Solar Frontier
  • Palo Alto Research Center Incorporated
  • LG Corporation
  • Cymbet Corporation
  • Blue Spark Technologies
  • Enfucell Flexible Electronics Co. Ltd.
  • Imprint Energy
  • E Ink Holdings
  • AU Optronics

Market Dynamics

Driver

3D printing in the healthcare sector is driving the market

The advance 3D printing has wide range of applications in the healthcare electronics. The 3D printing is extensively utilized in the biomedical devices to develop flexible sensors that can track body temperature. Moreover, 3D printing is used in the production of the flexible electronic gloves that are used for thermotherapy. Thermotherapy is used for the treatment of injury and reducing pain. Therefore, the increasing demand for the 3D printing in the healthcare industry is expected to drive the global flexible electronics market during the forecast period.

Restraint

Increased complications in the design

With the technological advancements, the demand for the miniature or the compact devices is witnessing rapid upsurge across the globe. With the development of the compact devices, the complications in the circuitry is rising that may further lead to further problems in the production.

Opportunities

Various developmental strategies adopted by the market players

The market is fragmented with presence of several players in the market and various developmental strategies such as product launches, acquisitions, agreement, and partnerships highly influences the market growth. For instance, in June 2019, E Ink Holdings made a strategic investment in Plastic Logic HK, for manufacturing a flexible electrophoretic display (EPD) device for the wearable devices.

Challenges

The stringent government regulations and norms regarding the use of electronics

The implementation of the regulatory frameworks regarding the use of various electronic devices across various industry verticals is a major challenge. The manufacturers are strictly required to comply with the standards and regulatory frameworks for introducing their products into the market.

Regional Snapshot

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. Automotive is a huge industry in North America and the production of the latest vehicles is increasingly adopting compact electronic components, which fuels the growth of the flexible electronics in the region. The increased demand for the technologically developed and designer devices among the consumers has significantly contributed towards the growth of the market.

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. Moreover, rising investments in the development of smart hospitals and sophisticated healthcare infrastructure is encouraging the adoption of advanced healthcare devices and hence the demand for the flexible electronics among the manufacturers is growing rapidly.

Report Highlights

  • 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.

Market Segmentation

By Application

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

By Verticals

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

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global flexible electronics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for flexible electronics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Flexible Electronics Market 

5.1. COVID-19 Landscape: Flexible Electronics Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Flexible Electronics Market, By Verticals

8.1. Flexible Electronics Market, by Verticals Type, 2021-2030

8.1.1. Healthcare

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Consumer Electronics

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Energy & Power

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Aerospace

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Military

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Flexible Electronics Market, By Application

9.1. Flexible Electronics Market, by Application, 2021-2030

9.1.1. Displays

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Sensors

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Thin-Film Photovoltaics

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Batteries

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Flexible Electronics Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Verticals (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. Samsung Electronics

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Solar Frontier

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Palo Alto Research Center Incorporated

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. LG Corporation

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Cymbet Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Blue Spark Technologies

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Enfucell Flexible Electronics Co. Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Imprint Energy

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. E Ink Holdings

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. AU Optronics

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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