Global Flexible Electronics Market Size, Share & Trends Analysis Report By Component (Flexible Display, Flexible Memory, Flexible Sensors, Flexible Battery, and Flexible Photovoltaics), By Application, By Regional Outlook and Forecast, 2023 - 2030

Global Flexible Electronics Market Size, Share & Trends Analysis Report By Component (Flexible Display, Flexible Memory, Flexible Sensors, Flexible Battery, and Flexible Photovoltaics), By Application, By Regional Outlook and Forecast, 2023 - 2030

The Global Flexible Electronics Market size is expected to reach $46.0 billion by 2030, rising at a market growth of 8.0% CAGR during the forecast period.

Flexible display technologies, such as organic light-emitting diodes (OLEDs) and thin-film transistors (TFTs), are used in instrument clusters, infotainment systems, and center consoles. Therefore, the automotive segment captured $1,980.12 million revenue in the market in 2022. Capacitive touch sensors, flexible touchscreens, and haptic feedback systems are integrated into surfaces like steering wheels, armrests, and door panels. Thus, the segment will expand rapidly in the upcoming years.

The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, in February, 2023, Samsung Electronics Co., Ltd. formed a partnership with Qualcomm Technologies, Inc. Under this partnership, the Snapdragon 8 Gen 2 Mobile Platform was incorporated into the Galaxy S23 series by Samsung. Additionally, In December, 2020, E Ink Holdings, Inc. came into a partnership with Plastic Logic Germany GmbH. Under this partnership, the companies offered flexible colour displays produced using the Advanced Colour ePaper (ACeP) technology of E Ink.

Based on the Analysis presented in the KBV Cardinal matrix; Samsung Electronics Co., Ltd. (Samsung Group) is the forerunner in the market. In February, 2024, Samsung Electronics Co., Ltd. joined hands with Arm Limited, a British semiconductor and software design company. Under this collaboration, the companies developed the next-generation Arm Cortex-X CPU based on the Gate-All-Around (GAA) process technology of Samsung Foundry. Companies such as General Electric Company, LG Electronics, Inc. (LG Corporation), CCL Industries, Inc. are some of the key innovators in the market.

Market Growth Factors

In the realm of technological progress, the field of flexible electronics is witnessing remarkable strides. Engineers and researchers are consistently finding ways to enhance the capabilities of flexible electronic devices, making them more versatile in their applications and improving overall efficiency. Therefore, these factors will assist in the growth of the market.

Additionally, the growth in flexible electronics is closely tied to consumer preferences for innovative and cutting-edge technologies. Wearables with flexible components represent a departure from traditional rigid devices, appealing to consumers seeking novel and advanced features. Wearable devices seamlessly integrate into users' daily lives, becoming integral accessories rather than standalone gadgets. Hence, these factors will lead to their increased demand.

Market Restraining Factors

The development of flexible electronic components involves intricate manufacturing processes that go beyond traditional methods. Techniques such as roll-to-roll printing, flexible hybrid electronics (FHE), and additive manufacturing are crucial but inherently complex. This complexity can lead to challenges in process control, quality assurance, and achieving consistent outcomes. Thus, these factors can lead to their decreased demand.

By Component Analysis

On the basis of component, the market is divided into flexible display, flexible battery, flexible sensors, flexible memory, and flexible photovoltaics. The flexible battery segment procured 9.1% revenue share in the market in 2022. The demand for smaller, lightweight, and more portable electronic devices, especially wearables like smartwatches, fitness trackers, and medical monitoring devices, has fueled the growth of flexible batteries.

By Application Analysis

Based on application, the market is segmented into consumer electronics, automotive, medical & healthcare, energy & power, aerospace & defense, and others. The consumer electronics segment held 51.3% revenue share in the market in 2022. Adopting flexible displays in smartphones has been a major driver for the consumer electronics segment.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment acquired 29.1% revenue share in the market. North America, particularly the United States, is known for its strong focus on technological advancements. Research and development activities, especially in areas like flexible displays, sensors, and wearables.

Recent Strategies Deployed in the Market

• Feb-2024: Samsung Electronics Co., Ltd. joined hands with Arm Limited, a British semiconductor and software design company. Under this collaboration, the companies developed the next-generation Arm Cortex-X CPU based on the Gate-All-Around (GAA) process technology of Samsung Foundry.
• Jan-2024: Blue Spark Technologies, Inc. unveiled the multi-sensor remote patient monitoring platform, VitalTraq. The new product has the features of a sign measurement sensor and Photoplethysmography (rPPG). The new product assists in collecting the digital measurements of the human body through a 30 to 60 second selfie scan.
• Dec-2023: Palo Alto Networks, Inc. completed the acquisition of Talon Cyber Security Ltd., an Israel-based provider of cybersecurity technologies. Through this acquisition, the Enterprise Browser of Talon was integrated with Prisma SASE of Palo Alto Networks. Additionally, the acquisition helped the customers access business applications and deliver other experiences simultaneously.
• Dec-2023: Palo Alto Networks, Inc. completed the acquisition of Dig Security Solutions Ltd., a cloud data security startup. Through this acquisition, the cutting-edge abilities of Dig Security were combined with the Prisma Cloud platform of Palo Alto Networks. Additionally, the acquisition provided the organizations with real-time data protection over the cloud.
• Oct-2023: AU Optronics Corporation completed the acquisition of Behr-Hella Thermocontrol GmbH, the world market leader for climate operations. Through this acquisition, AU Optronics extended its smart mobility business. Additionally, the partnership assisted AU Optronics in strengthening its portfolio of products and customer base.

List of Key Companies Profiled

• E Ink Holdings, Inc. (YFY, Inc.)
• Blue Spark Technologies, Inc.
• General Electric Company
• Palo Alto Networks, Inc.
• AU Optronics Corporation
• CCL Industries, Inc.
• Samsung Electronics Co., Ltd. (Samsung Group)
• LG Electronics, Inc. (LG Corporation)
• Enfucell Oy
• 3M Company

Global Flexible Electronics Market Report Segmentation

By Component

• Flexible Display
• Flexible Memory
• Flexible Sensors
• Flexible Battery
• Flexible Photovoltaics

By Application

• Consumer Electronics
• Medical & Healthcare
• Aerospace & Defense
• Automotive
• Energy & Power
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA