The global flexible electronics market was valued at $23.64 billion in 2019, and is projected to reach $42.48 billion by 2027, registering a CAGR of 7.4% from 2020 to 2027. Flexible electronics is a potential method of creating intelligent, scalable products, with several new applications such as wearable electronics. The flexibility in the substrate, faster manufacturing process of printable circuits, and the reduced risk of disposal after use are some of the drivers of flexible electronics in the current scenario.
The flexible electronics market is expected to witness growth during the forecast period due to growth in sales of Internet of Things (IoT) devices and increase in concern of government for flexible electronics. Furthermore, rise in demand for portable and smart electronics products is expected to drive the market growth. Moreover, growth in printed electronics further accelerates the market growth, creating lucrative opportunities for various applications. Considering these factors, it is estimated that the flexible electronics market experiences steep growth in the near future.
The global flexible electronics market is analyzed by component, application, and region. Based on component, it is fragmented into flexible display, flexible battery, flexible sensor, flexible memory, and flexible photovoltaics. The flexible segment is further classified into OLED, e-paper, and LCD. In addition, the flexible sensor segment is further categorized into bio sensors, CMOS hybrid sensors, photo detectors, piezo resistive, and others.
By application, the market is divided into consumer electronics, automotive, medical & healthcare, energy & power, aerospace & defense, and others. Based on region, the global acoustic emission equipment market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include Samsung Electronics Co. Ltd., Solar Frontier, Palo Alto Research Center Incorporated, LG Corporation, Cymbet Corporation, Blue Spark Technologies, Enfucell Flexible Electronics Co. Ltd., Imprint Energy, E Ink Holdings, and AU Optronics.
Flexible Electronics Market Key Segments
By Component
- Flexible Display
o OLED
o E-paper
o LCD
- Flexible Battery
- Flexible Sensor
o Bio Sensors
o CMOS Hybrid Sensors
o Photo Detectors
o Piezo Resistive
o Others
- Flexible Memory
- Photovoltaics
By Application
- Consumer Electronics
- Automotive
- Medical & Healthcare
- Energy & Power
- Aerospace and Defense
- Others
By Region
- North America
o U.S.
o Canada
o Mexico
- Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa
Key Market Players
- Samsung Electronics Co. Ltd.
- Solar Frontier
- Palo Alto Research Center Incorporated
- LG Corporation
- Cymbet Corporation
- Blue Spark Technologies
- Enfucell
- Imprint Energy
- E Ink Holdings
- AU Optronics