Global Flexible Electronics Market Forecast 2023-2032

Global Flexible Electronics Market Forecast 2023-2032

KEY FINDINGS

The global flexible electronics market is anticipated to grow with a CAGR of 8.62% during the forecast years 2023 to 2032. The market’s growth is attributable to key drivers, such as the need for compact & cost-effective products, the growing demand in the healthcare sector, advancements in flexible displays, as well as the increasing research and development activities.

MARKET INSIGHTS

Electronics constructed on stretchy or conformable substrates – typically plastic, but also paper, flexible glass, and metal foil – are termed flexible electronics. They are incorporated in a diverse range of items, catering to both the consumer as well as industrial markets. These goods cover parts for cell phones and displays, tags for security, instruments for measuring health and performance, sensor parts for automobiles and aircraft, and others.

In the last two decades, the terms ‘informatization’ as well as ‘intelligentization’ have gained significant popularity in the advancement of science and technology. Microsensors and actuators, in this regard, have been incorporated into virtually every aspect of electronic devices. For example, microelectronics has emerged as a vital sector in the augmentation of information technology (IT). They can substantially increase the present application scenarios by obtaining flexibility as well as stretchability.

As a result, flexible electronics, which integrates sciences like electronics, mechanics, physics, and others, has enormous potential in various applications, such as electronic skins, flexible health monitoring, electronic eye cameras, and scalable ion batteries. Hence, the surging demand in the healthcare sector is set to play an essential role in fueling the market’s growth.

REGIONAL INSIGHTS

The global flexible electronics market growth study covers the analysis of the Asia-Pacific, North America, Europe, and Rest of World. The Asia-Pacific is anticipated to lead the global flexible electronics market over the forecast period. The increasing demand for electric vehicles as well as the presence of a significant number of pure-play foundries operated by both domestic and international vendors, are set to augment the region’s flexible electronics market growth.

COMPETITIVE INSIGHTS

As the global flexible electronics market continues to expand, along with the rising industry profitability, a higher number of players are entering the market. This factor is expected to increase the intensity of competitive rivalry during the forecast period.

Some of the key companies operating in the global flexible electronics market include Sony Corporation, LG Electronics Inc, AU Optronics Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments