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How much is the flexible hybrid electronics market worth, and how is it expected to expand?
The flexible hybrid electronics market size has grown rapidly in recent years. It will grow from $0.12 billion in 2024 to $0.14 billion in 2025 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to the demand for foldable displays, the emergence of flexible sensors, the shift towards 5G networks, and the adoption of flexible printed circuit boards.
The flexible hybrid electronics market size is expected to see rapid growth in the next few years. It will grow to $0.24 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. 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, and 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, and advancements in flexible sensor technology.
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What are the top drivers to the rising demand in the flexible hybrid electronics market?
The rising production of automobiles is expected to propel the growth of the flexible hybrid electronics market going forward. Automobiles refer to autonomous vehicles with four wheels driven by an electric motor or internal combustion engine and designed for use on public highways. The production of automobiles is rising due to increasing global demand, technological advancements, and expansion into emerging markets. Flexible hybrid electronics in automobiles enhance design flexibility and enable the integration of lightweight, conformable electronic systems for improved functionality and performance. For instance, in January 2024, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based lobbying and standards group for the automobile industry, the EU car market experienced a robust growth of 13.9% in 2023, with sales reaching 867,052 units compared to 2022, culminating in a total annual volume of 10.5 million units. Most markets saw double-digit increases, notably three of the largest: Italy (+18.9%), Spain (+16.7%), and France (+16.1%). In contrast, Germany reported a more modest year-on-year growth of 7.3%. Therefore, the rising production of automobiles is driving the growth of the flexible hybrid electronics market.
How is the flexible hybrid electronics market segmented?
The flexible hybrid electronics market covered in this report is segmented –
1) By Structure Type: Rigid Flex Circuit, Multilayer Flex Circuit, Double Sided Flex Circuit, Single Sided Flex Circuit, Other Structure Types
2) By Application: Displays, Batteries, Thin- Film Photovoltaics, Printed Sensors, Organic Light Emitting Diode Lighting, Other Applications
3) By Vertical: Industrial, Consumer Electronics, Automobile Industry, Military And Defense, Aerospace, Other Verticals
Subsegments:
1) By Rigid Flex Circuit: Rigid Flex PCB (Printed Circuit Board), Hybrid Rigid-Flex PCB
2) By Multilayer Flex Circuit: 3-Layer Flex Circuit, 4-Layer Flex Circuit, 5-Layer Flex Circuit, 6-Layer Flex Circuit, Multi-Layer Flex Circuit
3) By Double Sided Flex Circuit: 2-Layer Flex Circuit, Double Sided Polyimide Flex Circuit, Double Sided PET Flex Circuit
4) By Single Sided Flex Circuit: Single Sided Polyimide Flex Circuit, Single Sided PET Flex Circuit
5) By Other Structure Types: Flexible Hybrid Circuit (FHC), Flex-on-Flex Circuit, Stretchable Circuits, Integrated Flexible Circuits, 3D Flexible Electronics
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Who are the top competitors in the flexible hybrid electronics market?
Major companies operating in the flexible hybrid electronics market are Samsung Electronics Co Ltd., Panasonic Corporation, Jabil Inc., Flex Ltd., LG Display Co Ltd., Du Pont De Nemours and Company, AU Optronics Corporation, E Ink Holdings Inc., Royole Corporation, Pragmatic Semiconductor, Brewer Science Inc., NovaCentrix, Blue Spark Technologies Inc., Plastic Logic Limited, XENON Corporation, Ynvisible Interactive Inc., BeBop Sensors Inc., C3Nano Inc., Ares Materials Inc., MC10 Inc., Powercast Corporation, Canatu Oy, Polyera Corporation, American Semiconductor Inc., Imprint Energy Inc
What significant trends should we anticipate in the flexible hybrid electronics market over the forecast period?
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 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.
Major Companies Bolster Flexible Hybrid Electronics Market Position Through Strategic Funding Initiatives
Major companies operating in the flexible hybrid electronics market are investing heavily to maintain their position in the market. Investment in flexible hybrid electronics refers to allocating funds or capital toward developing, producing, or utilizing electronic systems that combine flexible substrates with rigid components for versatile applications. For instance, in December 2022, NextFlex, a US-based electronics manufacturer, announced that it had secured over $8 million in funding for Flexible Hybrid Electronics (FHE) innovations. This funding will support projects to advance hybrid electronics manufacturing, particularly in advanced semiconductor packaging and environmental sustainability. The grant includes contributions from various participants and will be allocated to projects focusing on critical manufacturing challenges and developing environmentally sustainable electronics manufacturing processes.
Which regional trends are influencing the flexible hybrid electronics market, and which area dominates the industry?
North America was the largest region in the flexible hybrid electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible hybrid electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Flexible Hybrid Electronics Market Report 2025 Offer?
The flexible hybrid electronics market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Flexible hybrid electronics (FHE) refer to electronic devices fabricated on flexible substrates, combining rigid and flexible components. They enable the development of lightweight, conformable, and stretchable electronics suitable for various applications, ranging from wearable devices to IoT sensors. FHE revolutionizes electronics by enabling lightweight, durable, and customizable solutions that can conform to irregular shapes and surfaces.
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