Global Flexible Electronics and Circuit Market – Industry Trends and Forecast to 2029

Global Flexible Electronics and Circuit Market, By Type (Flexible Electronics, Flexible Circuit), Vertical (Military, Defense and Aerospace, Automotive, Consumer Electronics, Industrial, Healthcare and Medical, Energy and Power, Others) - Industry Trends and Forecast to 2029.

 Market Analysis and Size

Flexible electronics have been highly utilized among various products, such as human and health performance tools, sensor componentry in cars and airplanes, strain gauges in bridges and equipment, cell phones and displays, security tags, and agricultural and environmental sensors, among others.

Global Flexible Electronics and Circuit Market was valued at USD 34,161.39 million in 2021 and is expected to reach USD 64,649.21 million by 2029, registering a CAGR of 8.30% during the forecast period of 2022-2029. “Consumer Electronics” accounts for the largest end-use industry segment in the respective market owing to the large-scale adoption of flexible displays in consumer electronic devices. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Flexible electronics, or flex circuits, are defined as various electronic devices that are generally mounted on stretchable or conformable substrates, such as metal foil, flex glass, plastic and paper. These devices are known to be twistable, stretchable and bendable, and can be enhanced into various consumer and industrial products. These devices are widely utilized in health tracking tools, automotive sensors, smartphones, strain gauges in civil constructions, and security tags.

Report Scope and Market Segmentation

Flexible Electronics and Circuit Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers:

• Expansion of Consumer Electronics Sector

The rise in consumer electronics sector across the globe is one of the major factors driving the growth of flexible electronics and circuit market. The increase in consumer preference for wearable devices owing to the prevalence of various chronic diseases has a positive impact on the market.

• Increase in Demand for Flexible Displays

The increase in use of flexible display panels in the manufacturing of devices such as smartphones, watches, tablets, and televisions accelerate the market growth. The flexible display panels improve their portability, durability and aesthetic appeal.

• Adoption in the Healthcare

The surge in adoption in the healthcare industry further influences the market. Flexible biomedical devices can implanted on the skin of patients for the purpose of analysing biological signals and vital signs, and biomechanical movements accurately.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the flexible electronics and circuit market.

Opportunities

Furthermore, product integration with the Internet of Things (IoT) and artificial intelligence (AI) extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development of lightweight, innovative, ultra-thin and foldable variants will further expand the market.

Restraints/Challenges

On the other hand, high investment cost and complex assembly process are expected to obstruct market growth. Also, difficult repair and rework is projected to challenge the flexible electronics and circuit market in the forecast period of 2022-2029.

This flexible electronics and circuit 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 flexible electronics and circuit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Flexible Electronics and Circuit Market

The COVID-19 had a negative impact on the flexible electronics and circuit market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand flexible electronics and circuit market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the flexible electronics and circuit market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Recent Developments

• Samsung Group launched the Samsung Bespoke 4-Door Flex refrigerator in January’2021 across the US region in order to cater variety of household refrigeration needs.
• LG acquired the controlling stake in ALPHONSO, a TV data and measurement firm in January’2021. The acquisition allows the company for offering even more customized content and services to consumers.
• First Solar, Inc. entered into an agreement with Leeward Renewable Energy Development, LLC in January’2021 in order to sell its US development platform. The agreement includes 1.8 GWDC of First Solar modules, and helps the company in developing and selling its products.

Global Fiber Optic Connector in Flexible Electronics and Circuit Market Size

The flexible electronics and circuit market is segmented on the basis of type and vertical. The growth amongst these segments will help you analyze meager 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.

Type

• Flexible Electronics
  • Flexible Displays
  • Flexible Batteries
  • Flexible Sensors
  • Flexible Memory
• Flexible Circuit
  • Single Sided Flex Circuit
  • Double Sided Flex Circuit
  • Multilayer Flex Circuit
  • Rigid Flex Circuit
  • Others

Vertical

• Military, Defense and Aerospace
• Automotive
• Consumer Electronics
• Industrial
• Healthcare and Medical
• Energy and Power
• Others

Flexible Electronics and Circuit Market Regional Analysis/Insights

The flexible electronics and circuit market is analysed and market size insights and trends are provided by country, type and vertical as referenced above.

The countries covered in the flexible electronics and circuit market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the flexible electronics and circuit market because of increase in establishment of high-technology industries of flexible electronics for military use within the region.

Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in demand for smart wearables integrated with consumer electronics 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 like 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 Electronics and Circuit Market

The flexible electronics and circuit 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 electronics and circuit market.

Some of the major players operating in flexible electronics and circuit market are

• SAMSUNG (South Korea)
• SOLAR FRONTIER K.K (Japan)
• LG Communication Center (South Korea)
• S&I Corp. (China)
• First Solar. (US)
• Panasonic Holdings Corporation (Japan)
• Konica Minolta Business Solutions India Private Limited. (India)
• OLEDWorks. (US), Blue Spark Technologies (US)
• BrightVolt Solid State Batteries. (US)
• Heliate (Canada)
• Imprint Energy Inc (US)
• Cymbet (US)
• Palo Alto Research Center Incorporated (US)
• Thin Film Electronics ASA. (Norway)
• Royole Corporation. (US)
• FlexEnable Limited (UK)
• Enfucell SoftBattery (Finland)
• Planar Energy (US)
• E Ink Holdings Inc. (Taiwan)
• Ayla Networks Inc. (US)
• greenTEG AG (Switzerland)
• NextInput Inc. (US)

 

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