Global Flexible Electronics Market – Industry Trends and Forecast to 2030

Global Flexible Electronics Market, By Components (Display, Battery, Sensors, Memory and Others), Application (Consumer Electronics, Automotive, Healthcare, and Industrial and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.

Flexible Electronics Market Analysis and Size

The global flexible electronics market is segmented on the basis of components and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Data Bridge Market Research analyses that the global flexible electronics market which was USD 31,700 million in 2022, would rocket up to USD 89,200 million by 2030, and is expected to undergo a CAGR of 19.1% during the forecast period. This indicates the market value. “Display” dominates the component segment of the global flexible electronics market due to displays being one of the key components in various electronic devices, including smartphones, tablets, wearables, and automotive displays. As the demand for these devices continues to grow, the demand for flexible displays also increases. 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.

Flexible Electronics Market Scope and Segmentation

Market Definition

The global flexible electronics market refers to the industry encompassing the design, manufacturing, and utilization of electronic components and systems that exhibit flexibility and can conform to various shapes and surfaces. Flexible electronics utilize advanced materials, such as organic polymers, thin films, and flexible substrates, to enable the development of lightweight, bendable, and stretchable electronic devices. These devices find applications in sectors such as consumer electronics, healthcare, automotive, aerospace, and more, offering benefits such as portability, durability, and versatility. The global flexible electronics market is characterized by continuous technological advancements, increasing demand for wearable devices, and the integration of flexible electronics with the Internet of Things (IoT), driving innovation and shaping the future of electronic devices and systems.

Global Flexible Electronics Market Dynamics

Drivers

• Increasing Demand for Lightweight and Portable Devices

There is a growing demand for lightweight and portable electronic devices across various industries, including consumer electronics, healthcare, and automotive. Flexible electronics offer the advantage of being thin, lightweight, and easily conformable to different shapes and surfaces, making them ideal for applications where weight, space, and portability are crucial.

• Technological advancements in flexible electronics

Continuous advancements in flexible materials, such as organic polymers, thin films, and flexible substrates, along with innovative manufacturing processes, have significantly improved the performance and reliability of flexible electronic devices. These technological advancements have opened up new possibilities for the design and production of flexible displays, sensors, batteries, and other electronic components, driving the growth of the market.

• Growing Demand for Wearable Devices and IoT Integration

The rising popularity of wearable devices, such as smartwatches, fitness trackers, and healthcare monitoring devices, has fuelled the demand for flexible electronics. Flexible components enable the development of comfortable and unobtrusive wearable devices that can seamlessly integrate with the human body. Additionally, the integration of flexible electronics with the Internet of Things (IoT) has created opportunities for smart and connected devices in various applications, including smart homes, healthcare, and industrial automation.

Opportunities

• Advantages in Design Flexibility and Durability

Flexible electronics offer design flexibility, allowing for curved, rollable, and even stretchable form factors that traditional rigid electronics cannot achieve. This flexibility in design opens up new possibilities for product innovation and user experiences. Furthermore, flexible electronics tend to be more durable than their rigid counterparts, as they can withstand bending, twisting, and impacts, making them suitable for applications that require robustness and reliability.

Restraints/Challenges

• Cost and Manufacturing Challenges

The manufacturing processes involved in producing flexible electronic devices can be more complex and expensive compared to traditional rigid electronics. The use of specialized materials, deposition techniques, and assembly methods increases production costs, making flexible electronics relatively costlier. Additionally, scaling up production to meet mass-market demand can pose challenges in terms of yield, scalability, and cost-effectiveness.

This global flexible electronics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 electronics market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

• In June 2023, Samsung Electronics announced the launch of its new digital signage lineup at InfoComm 2023, showcasing innovative displays that empower businesses to grow across industries. The highlight is The Wall for Virtual Production, a dedicated display that combines ultra-large LED walls with real-time visual effects technology, reducing time and cost in content production. Additionally, Samsung introduced the QxC Series Crystal UHD Signage and the LED All-in-One display, along with earning carbon footprint certifications for its Smart Signage models, demonstrating its commitment to environmental sustainability.
• In January 2023, LG Display unveiled its latest OLED panels for TVs and monitors at CES 2023, featuring a maximum brightness of 2,100 nits, a 60% increase from its previous premium OLED panels. The third-generation OLED panels also offer improved viewing angles and power efficiency, achieved through the use of microlens technology and a new algorithm. LG Display refers to this package of technologies as META Technology, which enhances brightness and visibility in various settings.

Global Flexible Electronics Market Scope

The global flexible electronics market is segmented on the basis of components and application. 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.

Component

• Display
• Battery
• Sensors
• Memory
• Others

Application

• Consumer Electronics
• Automotive
• Healthcare
• Industrial
• Others

Global Flexible Electronics Market Regional Analysis/Insights

The global flexible electronics market is analyzed, and market size insights and trends are provided by region, components, and application as referenced above.

The countries covered in the global flexible electronics 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, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the global flexible electronics market because of the increasing demand for flexible electronics in the region, driven by the growing popularity of wearable devices, smart textiles, and other applications. The Asia Pacific region is the fastest-growing market for flexible batteries. This is due to the increasing adoption of flexible electronics in consumer electronics, such as smartphones, tablets, and wearables, the growing demand for flexible electronics in the automotive and healthcare sectors, and the increasing investment in R&D activities in the region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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 the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The global flexible electronics market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global flexible electronics market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the flexible electronics market. The data is available for the historic period 2010-2020.

Competitive Landscape and Global Flexible Electronics Market Share Analysis

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

Some of the major players operating in the global flexible electronics market are:

• Samsung Electronics Co., Ltd. (South Korea)
• LG Display Co., Ltd. (South Korea)
• Japan Display Inc. (Japan)
• BOE Technology Group Co., Ltd. (China)
• AU Optronics Corp. (Taiwan)
• Innolux Corporation (Taiwan)
• Royole Corporation (United States)
• E Ink Holdings Inc. (Taiwan)
• Truly International Holdings Limited (Hong Kong)
• Tianma Microelectronics Co., Ltd. (China)
• Sharp Corporation (Japan)
• Visionox Technology Inc. (China)
• FlexEnable Limited (United Kingdom)
• JOLED Inc. (Japan)
• Plastic Logic Germany GmbH (Germany)