The flexible electronics market is projected to reach US$ 57.69 billion by 2030 from US$ 25.86 billion in 2022. The market is expected to register a CAGR of 10.6% during 2022–2030. The rising adoption of printed electronics is anticipated to be the key flexible electronics market trends during the forecast period.
Flexible Electronics Market Analysis
The flexible electronics market is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. The flexible electronics market is predicted to surge during the forecast period due to increased sales of Internet of Things (IoT) devices and a growing government concern about flexible electronics. The need for flexible electronics is expanding as there is a greater need for sensors to operate IoT-connected devices and a power supply source. Furthermore, the market is likely to develop due to the surge in demand for smart and portable electronic devices such as smartphones, laptops, tablets, smartwatches, and other devices.
Flexible Electronics Market Overview
Flexible electronics, or flex circuits, is a type of electrical technology that might be installed on flexible or conformable substrates. These flexible circuits can take different shapes by being stretched, twisted, bent, or molded. Flexible electronics are becoming increasingly popular due to the numerous benefits they offer to customers. Flex circuits will continue to be used in various applications as more businesses come to realize their potential for increased customization, affordability, and portability. Flexible electronics are being used by a wide range of professionals and industries in their devices and products because they are adaptable, inexpensive, customizable, innovative, and portable.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Flexible Electronics Market: Strategic Insights
Market Size Value in US$ 25.86 billion in 2022 Market Size Value by US$ 57.69 billion by 2030 Growth rate CAGR of 10.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Flexible Electronics Market: Strategic Insights
| Market Size Value in | US$ 25.86 billion in 2022 |
| Market Size Value by | US$ 57.69 billion by 2030 |
| Growth rate | CAGR of 10.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Flexible Electronics Market Drivers and Opportunities
Rising Demand for Connected Devices
The demand for connected devices, including smartphones, tablets, and different wearable devices such as smartwatches, fitness trackers, VR headsets, and headsets, is increasing across the globe. These connected devices are used for various purposes in day-to-day life, which include accurate tracking of real-time data and providing enhanced convenience. According to the Groupe Speciale Mobile Association (GSMA), smartphone adoption across the globe was 76% in 2022, totaling 6.4 billion smartphone connections. The adoption is expected to rise to 92% by 2030, making 9 billion connections globally. According to the same report, smartphone adoption in North America was 84% in 2022 and is expected to reach 90% by 2030. Similarly, the smartphone adoption rate in Europe will increase from 84% in 2022 to 91% by 2030. In Sub-Saharan Africa, an underpenetrated market, the smartphone adoption rate is predicted to grow from 51% in 2022 to 87% by 2030. In many industries, wearables are used to track and manage personnel. For instance, miners can be tracked under deep tunnels and alerted if signs of distress occur. Similarly, wearables are used for dementia patients to track their location if they go missing or get themselves in danger and need emergency help. Thus, the growing demand for connected devices is propelling the growth of the flexible electronics market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Flexible Electronics Market Report Segmentation Analysis
The “flexible electronics analysis” has been performed by considering the following segments: components, application, and geography.
- Based on components, the market is segmented into display, battery, sensors, memory, and others. The display segment held the largest share in the flexible electronics market in 2022. The increasing customer desire for sophisticated displays with the ability to bend, roll, or provide some degree of flexibility is expected to fuel the demand for flexible displays in the coming years. Additionally, as they require less power than conventional screens, flexible displays are more energy efficient.
- Furthermore, the battery segment is anticipated to register the highest CAGR during 2022–2030. The demand for flexible batteries is expected to rise due to the ease of implementation and integration into a variety of goods, including flexible or wearable electronics. In addition, flexible batteries are witnessing higher adoption in electric vehicles because they are waterproof, flame retardant, and resistant to bending, folding, and stretching. Furthermore, the need for flexible batteries has been fueled by the desire for seamless electronics integration into commonplace objects such as clothing, medical gadgets, and even the human body.
Flexible Electronics Market Share Analysis by Geography
The geographic scope of the Flexible Electronics Market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
North America held the largest share in the flexible electronics market in 2022, followed by Asia Pacific and Europe. The market in North America is witnessing growth owing to increased demand for flexible electronics due to the growing popularity of smart wearables and consumer electronics. As stated on the press release of Ericsson, the number of smartphone subscribers in North America is expected to reach 358 million by 2027, continuing the steady growth seen in previous years. Also, in 2021, there were ~328 million smartphone users in the region. Furthermore, according to the report by Cisco Systems, in 2022, the US registered approximately 439 million linked wearable devices, making North America the most 5G connections established region using wearable devices in 2022.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Flexible Electronics Market Report Scope
Report Attributes | Details |
Market Size in 2022 | US$ 25.86 Billion |
Market Size in 2030 | US$ 57.69 Billion |
Global CAGR (2023–2030) | 10.6% |
Historical Data | 2020-2021 |
Forecast Period | 2023–2030 |
Segmental Coverage |
|
Regional and Country Coverage |
|
Market Leaders and Key Company Profiles |
|
Flexible Electronics Market News and Recent Developments
The Flexible Electronics Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. Following is a list of developments in the market:
- In January 2024, Samsung Display showcased its leading foldable technology at CES 2024. The company unveiled its new generation of products that can be easily folded in and out, as well as they are rollable and have slidable display technologies. The company also presented its new microdisplay with ultra-high resolution for immersive XR experiences. They also exhibited OLED technology with unrivaled size, ultra-thin panels, and displays in various form factors, including revolutionary OLED products for vehicle interiors. (Source: Samsung, Press Release)
- In June 2023, Forsee Power, the expert in smart battery systems for sustainable electromobility, announced the launch of FLEX PLUS, a new high-value-added battery system to equip heavy electric vehicles (buses, trucks, and off-highway vehicles). This FLEX PLUS is available in two options, 52 kWh and 56 kWh, and can adjust the voltage and energy to the needs of the application. It can support both 650V motorization and 800V motorization within the same battery format. (Source: Forsee Power, Press Release)
Flexible Electronics Market Report Coverage and Deliverables
The “Flexible Electronics Market Size and Forecast (2022-2030)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Components and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global flexible electronics market was estimated to be US$ 25.86 billion in 2022 and is expected to grow at a CAGR of 10.6% during the forecast period 2023 - 2030.
Rising demand for connected devices, growing need for flexible devices in healthcare industry, and increasing demand for electric vehicles are the major factors that propel the flexible electronics market.
Rising Popularity of Foldable Display is anticipated to play a significant role in the global flexible electronics market in the coming years.
The key players holding majority shares in the global flexible electronics market are Samsung Electronics Co. Ltd., LG Electronics, GENERAL ELECTRIC, AUO Corporation, and E Ink Holdings Inc.
The global flexible electronics market is expected to reach US$ 57.69 billion by 2030.
The incremental growth expected to be recorded for the global flexible electronics market during the forecast period is US$ 31.83 billion.
The List of Companies - Flexible Electronics Market
- Samsung Electronics Co Ltd
- LG Electronics Inc
- Enfucell Flexible Electronics Ltd
- SRI International
- Imprint Energy
- Blue Spark Technologies Inc
- E Ink Holdings Inc
- General Electric Co
- AUO Corp
- MFLEX
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Flexible Electronics Market
Apr 2024
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Apr 2024
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Apr 2024
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Apr 2024
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Apr 2024
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Apr 2024
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Apr 2024
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)
Apr 2024
Rear Door Heat Exchanger Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Active and Passive) and End User (Data Center, IT and Telecommunication, Semiconductor, Education, Government, and Others)