Market Size – The flexible electronics and circuit market size has grown rapidly in recent years. It will grow from $30.9 billion in 2023 to $34.02 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to demand for foldable displays, the emergence of flexible sensors, the shift towards 5g networks, the adoption of flexible printed circuit boards, and environmental concerns.
The flexible electronics and circuit market size is expected to see rapid growth in the next few years. It will grow to $50.32 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to supply chain resilience and localization, government initiatives and regulations, expansion of the aerospace and defense sector, increased investment in research and development, miniaturization of electronic devices. Major trends in the forecast period include advancements in printed electronics, rapid growth in internet of things (IoT) applications, advancements in flexible display technologies, technological convergence, advancements in flexible sensor technology.
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Scope Of Flexible Electronics And Circuit MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Flexible Electronics And Circuit Market Overview
Market Drivers –The rising demand for consumer electronic devices is expected to propel the growth of the flexible electronics and circuit market going forward. Consumer electronic devices are gadgets and equipment designed for personal use, such as smartphones, laptops, tablets, and smartwatches, aimed at entertainment, communication, or productivity. The increasing integration of technology into daily life, coupled with advancements such as IoT and AI, drives a growing demand for consumer electronic devices. Flexible electronics and circuits are increasingly integrated into consumer electronic devices, enabling sleeker designs, enhanced portability, and improved durability by accommodating bending and stretching without compromising performance or functionality. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached $4919 million (¥771,457 million). In addition, consumer electronics production reached $204.67 million (¥32,099 million) in May 2023, compared to $161.12 million (¥25,268 million) in May 2022. Therefore, the rising demand for consumer electronic devices is driving the growth of the flexible electronics and circuit market.
Market Trends – Major companies operating in the flexible electronics and circuit market are focusing on developing advanced flexible circuit production processes to drive revenue growth. Advanced flexible circuit production processes refer to manufacturing techniques that produce flexible printed circuit boards (PCBs) with complex designs, high reliability, and superior performance characteristics. For instance, in April 2024, Ennovi, a Singapore-based provider of mobility electrification solutions, launched a novel Flexible Cut Circuit (FDC) technology designed for manufacturing flexible circuits used in low-voltage signal applications for electric vehicle (EV) battery cell contact systems. This pioneering method provides a more economical and environmentally sustainable alternative to conventional flexible printed circuits (FPCs). The FDC technology streamlines the manufacturing process, enabling faster continuous production and immediate copper recycling, enhancing its eco-friendliness and efficiency.
The flexible electronics and circuit market covered in this report is segmented –
1) By Type: Organic Light-Emitting Diode (OLED) And Liquid Crystal Display (LCD) Display, Printed Sensor, Battery, Thin-Film Photovoltaics, Organic Light-Emitting Diode Lighting
2) By Flexible Electronics: Flexible Displays, Flexible Circuit
3) By Application: Single-Sided, Multilayer, Double-Sided, Rigid
4) By Vertical: Military, Defense And Aerospace, Automotive, Consumer Electronics, Industrial, Healthcare And Medical, Energy And Power, Other Verticals
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Regional Insights – North America was the largest region in the flexible electronics and circuit market in 2023. The regions covered in the flexible electronics and circuit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the flexible electronics and circuit market are Samsung Electronics Co Ltd, Panasonic Corporation, Jabil Inc., Flex Ltd, BOE Technology Group Co Ltd, LG Display Co Ltd, TDK Corporation, DuPont de Nemours Inc., Toppan Printing Co Ltd, AU Optronics Corporation, Konica Minolta Inc., Japan Display Inc., Royole Corporation, PragmatIC Semiconductor Ltd, CLEARink Displays Inc., Blue Spark Technologies Inc., Plastic Logic Limited, XENON Corporation, Ynvisible Interactive Inc., BeBop Sensors Inc., C3Nano Inc., MC10 Inc., Polyera Corporation, Imprint Energy Inc.
Table of Contents 1. Executive Summary2. Flexible Electronics And Circuit Market Report Structure3. Flexible Electronics And Circuit Market Trends And Strategies4. Flexible Electronics And Circuit Market – Macro Economic Scenario5. Flexible Electronics And Circuit Market Size And Growth…..27. Flexible Electronics And Circuit Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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