Europe Flexible Sensors Market – Industry Trends and Forecast to 2030

Europe Flexible Sensors Market, By Product Type (Capacitive Flex Sensors, Fiber Optic Flex Sensors), Type (Touch Sensor, Temperature Sensor, Image Sensor, Biosensor, Pellistor/Catalystic Bead,  Digital X-Ray Sensor, Piezoelectric, Piezoresistive, Gas Sensor, Photodetector, Chemical Sensors, Piezoresisitive Sensors, Humidity Sensors, Optical Sensors, Hybrid CMOS Sensor, Others), Rotation Type (Uni-Directional, Bi-Directional), Power Range (1K OHM- 20K OHM, 21K OHM- 100K OHM, 100K OHM- 200K OHM, More Than 200K OHM), Application (Fitness Products, Medical Devices and Medicines, Automotive Controls, Diagnostic Tools, Biometrics, Gaming Gloves, Consumer Electronics, Robotics, Industrial Controls, Musical Instrument, Environmental Monitoring, Defense and Homeland, Security, Computer, Peripherals, Bumper Switches, Others), Vertical (Healthcare, IT and Telecommunication, Automotive, Sports, Environment, Agriculture, Others) – Industry Trends and Forecast to 2030.

Europe Flexible Sensors Market Analysis and Size

As consumers grow more accustomed to using flexible displays, there is an increasing demand in the region for cutting-edge flexible products like smartphones, tablets, PCs, and other devices. While governments, hospitals, patients, and others increasingly use smart wearables for better monitoring and health tracking. However, the segment dominates in the European region, mainly using capacitive flex sensors in medical and wearable devices. Additionally, because they are less expensive and can satisfy customer needs, unidirectional sensors are becoming more popular in medical applications such as medical gloves, monitoring devices, and wearables.  

Data Bridge Market Research analyses that the flexible sensors market, valued at USD  648.75 million in 2022, will reach USD 1,139.92 million by 2030, growing at a CAGR of 7.3% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Flexible Sensors Market Scope and Segmentation  

Market Definition

Flexible sensors can be seamlessly incorporated into soft, asymmetrical surfaces like human skin or fabric. This is advantageous for conformability-reliant applications like soft robotics, intelligent tattoos, and synthetic skin. Humans rely increasingly on sensors in the big data and digitization era to solve complex issues and improve their quality of life. For ubiquitous sensing, flexible sensors are being developed to address the drawbacks of their conventional rigid counterparts.

Europe Flexible Sensors Market Dynamics

Drivers

• The healthcare industry's high utilization rate could spur growth

The healthcare industry makes extensive use of flexible sensors. Adopting digital technologies, agile processes, and seamless techniques in healthcare has altered manufacturers' priorities. Today, adjustable sensor technologies are more appealing to these manufacturers than larger hardware sensors. In addition, new tools and technology have been quickly incorporated into healthcare architecture. It is reasonable to assume that the global market for flexible sensors will continue to grow over the upcoming years. The existence of a healthy healthcare industry that is open to implementing new technologies will increase market demand.

• The use of smart wearables and other devices has increased.

The growing popularity of smart wearable products is driving the market for flexible sensors. The market for flexible sensors is expanding at an accelerated rate due to the increasing development of small and robust electronic devices, which increases the use of printed sensors and consumer preference for flexible goods like smart wearables, flexible smartphones, and other products. The market for flexible sensors is impacted by the use of sensors in producing quick and easy-to-use devices and the growing popularity of smart, flexible products due to their low risk of product breakage.

Opportunities

• Digital technologies create expansion in the market.

As automation, artificial intelligence, and facial recognition technologies proliferate, the market for flexible sensors will keep growing. Flexible fingerprint sensors can be incorporated into products like mobile phones and wearables, bringing capabilities to biometric applications. There is an increased need for ultra-thin sensors that can be applied to non-flat surfaces and mass-produced over large areas. Flex Enable Limited, for example, industrialized the first flexible 500 dpi fingerprint sensor on a plastic substrate that enables both small and large-area fingerprint scanning. In terms of digital technology, the market for flexible sensors will also expand more quickly due to the development of the electronic device sector, rapid urbanization, and industrialization.

• Printing sensors for sustainable energy production creates demand.

Innovation and science have many options, given the focus on renewable energy and the need for environmental sustainability. The development of versatile tools and equipment that can be applied in renewable energy sector has been successful for several research organizations. The use of printable and flexible sensors gives these devices their agility and skill. Flexible sensors are frequently used in industrial settings as well. These sensors are smaller and more advantageous for the end users.

Restraints/Challenges

• Negatives of flexible sensors can limit the growth

Conducive ink's affordability and ease of use further restrain market growth, which will be detrimental to the flexible sensors market. As a result, this will hinder the market growth rate for flexible sensors. Another reason for the market's slowdown is the current nascent stage of manufacturing technology.

• High costs can act as a growth barrier.

The flexible sensors' extensive setup requirements raise the system's cost as a whole. Due to this factor, the market for flexible sensors will find it challenging to grow. The Internet of Things (IoT) relies heavily on flexible sensors. IoT has a price that not everyone can easily afford to pay. Flexible sensors' expensive manufacturing costs nevertheless constrain the market.

This flexible sensors market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flexible sensors market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2020, Canatu Oy helped co-create the future of driving by introducing the Origo Steering Wheel concept. With the innovative, 3-dimensional touch sensors built into the steering wheel and easily operated by the thumb, the new Origo Steering Wheel concept replaces numerous mechanical controls in various places with natural, smartphone-like interaction.

Europe Flexible Sensors Market Scope

The flexible sensors market is segmented on the basis of product type, type, rotation type, power range, and application, vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Capacitive Flex Sensors
• Fiber Optic Flex Sensors

Type

• Touch Sensor
• Temperature Sensor
• Image Sensor
• Biosensor
• Digital X-Ray Sensor
• Piezoelectric
• Piezoresistive
• Gas Sensor
• Photodetector
• Hybrid CMOS Sensor
• Chemical sensors
• Piezoresisitive sensors
• Humidity Sensors
• Optical Sensors
• Pellistor/Catalystic Bead
• Others

Rotation Type

• Uni-Directional
• Bi-Directional

Power Range

• 1K OHM- 20K OHM
• 21K OHM- 100K OHM
• 100K OHM- 200K OHM
• More Than 200K OHM

Application

• Fitness Products
• Medical Devices and Medicines
• Automotive Controls
• Diagnostic Tools
• Biometrics
• Gaming Gloves
• Robotics
• Consumer Electronics
• Industrial Controls
• Musical Instrument
• Computer Peripherals
• Bumper Switches
• Environmental Monitoring
• Defense and homeland
• Security
• Others

Vertical

• Healthcare
• IT and Telecommunication
• Automotive
• Sports
• Environment
• Agriculture
• Others

Flexible Sensors Market Regional Analysis/Insights

The flexible sensors market is analysed and market size insights and trends are provided by country, product type, type, rotation type, power range, and application, vertical as referenced above.

The countries covered in the flexible sensors market report are Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe.

Germany dominates the market and will continue to flourish its trend of dominance during the forecast period. The significant factors attributable to the region’s dominance in Europe are a large number of manufacturers and the consumer base for flexible electronics. Consumers’ acceptance of flexible displays is increasing the demand for advanced flexible products such as smartphones, tablets, PCs, and others in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Flexible Sensors Market Share Analysis

The flexible sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flexible sensors market.

Some of the major players operating in the flexible sensors market are:

• Royole Corporation (U.S.)
• Sensor Products Inc. (U.S.)
• VATECH (South Korea)
• I-Motion (Jiangsu Changwei Electronics. Inc). (China)
• Minco (U.S.)
• Axzon (U.S.)
• CANATU (Finland)
• Nissha Co., Ltd. (Japan)
• HIOKI E.E. CORPORATION (Japan)
• Brewer Science, Inc. (U.S.)
• ISORG (France)
• aipia.info (Netherlands)
• DuPont (U.S.)
• Interlink Electronics, Inc. (U.S)
• Peratech Holdco Limited. (U.K.)
• KWJ Engineering inc. (U.S.)
• FUJIFILM Holdings Corporation (Japan)
• Temposonics (U.S.)
• 3M (U.S.)
• Minth Group Co., Ltd. (China)