What is the Global Flexible Electronics Market Size and Growth Forecast?
The flexible electronics market size has grown rapidly in recent years. It will grow from $36.22 billion in 2024 to $41.47 billion in 2025 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to consumer electronics miniaturization, medical and healthcare applications, printed electronics, defense and aerospace applications, and display innovation.
The flexible electronics market size is expected to see rapid growth in the next few years. It is projected to grow to $69.94 billion in 2029 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to further advancements such as foldable and rollable devices, renewable energy, sustainable and eco-friendly electronics, automotive exterior applications, energy storage, and flexible batteries. Major trends in the forecast period include wearable health and fitness tech, internet of things (IoT) integration, medical wearables and implants, flexible sensors and robotics, 5G connectivity, and flexible antennas.
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What Key Factors Drive the Flexible Electronics Market?
Rising demand for consumer electronic devices is driving the growth of the flexible electronics market. Consumer electronics (CE) largely utilize flexible electronics, hence, as demand for consumer electronics increases, so does the demand for the flexible electronics market. According to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, increased sales of consumer electronics have also contributed to the flexible electronics market. This showcases a clear association between the rising demand for consumer electronics and the growth of the flexible electronics market.
What Are the Major Segments in the Global Flexible Electronics Market?
1) By Component: Flexible Display, Flexible Battery, Flexible Sensors, Flexible Memory, Flexible Photovoltaics
2) By Circuit Structure: Single-Sided, Double-Sided, Other Circuit Structures
3) By Application: Displays, Thin-Film Photovoltaics, Printed Sensors, Batteries, Organic Light Emitting Diodes (OLED) Lighting, Other Applications
4) By Vertical: Consumer Electronics, Energy And Power, Healthcare, Automotive, Military And Defense, Aerospace, Other Verticals
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What Major Companies Are Part of The Flexible Electronics Market?
Major companies operating in the flexible electronics market include Blue Spark Technologies Inc., OLEDWorks LLC, AU Optronics Corp., Cymbet Corporation, E Ink Holdings Inc., Enfucell Oy, Flex Ltd., FlexEnable Ltd., Flexpoint Sensor Systems Inc., Imprint Energy Inc., LG Electronics Inc., Palo Alto Research Center Incorporated, Royole Corporation, Samsung Electronics Co. Ltd., Solar Frontier K.K., LG Corporation, Enfucell Flexible Electronics Co. Ltd., E Ink Holdings, Jabil Inc., Bebop Sensors Inc., Sensing Tex SL, Coatema Coating Machinery GmbH, Agfa-Gevaert NV, GSI Technologies, Ynvisible Interactive Inc., Isorg SA, PragmatIC Semiconductor, Thales Digital Factory, StoreDot Ltd.
What Are the Emerging Trends In The Flexible Electronics Market?
Technological innovation is shaping the flexible electronics market. The increasing focus on mobile gaming technology along with advancements in flexible electronic components are encouraging market demand. For instance, NextFlex, America’s Flexible Hybrid Electronics (FHE) Manufacturing Institute, released Project Call 7.0 (PC 7.0), which seeks to fund projects that solve significant issues in advanced manufacturing, supporting DOD priorities and promoting the development and deployment of FHE.
Which Region Dominates the Flexible Electronics Market?
Asia-Pacific was the largest region in the flexible electronics market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible electronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Flexible Electronics Market Report 2025 Offer?
Flexible electronics refers to flex circuits, a method of assembling electronic circuits that involves mounting electronics on flexible plastic substrates like transparent conductive polyester film, polyimide, or polyether ether ketone (PEEK). Silver circuits can be screen printed on polyester to create flex circuits. The Flexible Electronics Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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