Flexible Electronics Market
Growth Factors of Flexible Electronics Market
The flexible electronics market size was valued at USD 27.11 billion in 2023, and the market is now projected to grow from USD 29.40 billion in 2024 to USD 70.97 billion by 2032, exhibiting a CAGR of 11.6 % during the forecast period of 2024-2032.
COVID- 19 pandemic has exceptionally affected the whole world. The supply chain disturbances caused by the COVID-19 pandemic had an intense influence on the market. It led to the termination of key industrial proceedings. The pandemic stifled the flexible electronics market growth of flexible electronics, additionally emphasizing the market’s vulnerabilities to outer business fears.
Numerous performers have propelled their organic light-emitting diodes fixed foldable smartphone devices. The incorporation of polyimide for augmented resilience in foldable devices and the integration of OLEDs on flexible substrates are modeling the industry's path. This investigation of durable materials has been key in addressing the structural challenges linked with foldable smartphones and tablets, certifying boosted sturdiness without compromising performance.
Flexible published batteries signify an innovation in energy storage technology. These batteries influence progressive materials, to attain higher flexibility and conformability. The integration of these flexible power sources has amplified the making of dense and lightweight electronic devices with boosted energy density, making them mainly appropriate for wearable, Internet of Things (IoT) devices, and other applications where size and weight restraints are acute.
Comprehensive Analysis of Flexible Electronics Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by end user and by application. Based on type, the market is classified into flexible printed circuits and rigid-flexible. By end user, the market is divided into consumer goods, healthcare, automotive, robotics, agriculture, aerospace and defense, and others. Based on application, the global market is segmented into monitoring, sensing, lighting, display, storage, and others.
Asia Pacific region is dominating the flexible electronics market share due to rising demand for smart electric automobiles and the wide-ranging integration of consumer electronics within the automotive sector.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Samsung Group (South Korea), LG Electronics Inc. (South Korea), E INK Holdings Inc. (Taiwan), MFLEX (U.S.), OLEDWorks LLC (U.S.), General Electric (U.S.), Pragmatic (U.K.), The 3M Company (U.S.), Imprint Energy Inc. (U.S.), FlexEnable Limited (U.K.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In January 2024, Samsung Display revealed a series of modern technologies at CES 2024, including foldable, reliable, and slidable display innovations. The showcase presented micro-displays for immersive prolonged reality experiences, revolutionary OLED products for vehicle interiors, monitors catering to entertainment and professional applications in video production and healthcare, and a 360-degree display experience.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 11.6% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Flexible Printed Circuits
Rigid-Flexible
By Application
Monitoring
Sensing
Lighting
Display
Storage
Others (Sensors)
By End User
Consumer Goods
Healthcare
Automotive
Robotics
Agriculture
Aerospace and Defense
Others (Energy and Power)
By Region
North America (By Type, Application, End-user and Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
South America (By Type, Application, End-user and Country)
Brazil (By Application)
Argentina (By Application)
Rest of South America
Europe (By Type, Application, End-user and Country)
U.K. (By Application)
Germany (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Benelux (By Application)
Nordics (By Application)
Rest of Europe
Middle East & Africa (By Type, Application, End-user and Country)
Turkey (By Application)
Israel (By Application)
GCC (By Application)
North Africa (By Application)
South Africa (By Application)
Rest of the Middle East & Africa
Asia Pacific (By Type, Application, End-user and Country)
China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
ASEAN (By Application)
Oceania (By Application)
Rest of the Asia Pacific
Please Note: It will take 5-6 business days to complete the report upon order confirmation.