Global Flexible Electronics Market is anticipated to grow
during the forecast period. The growth of the Internet of Things (IoT), the
acceptance of portable and smart electronics, and the increase in investments
in the development of flexible electronics are the key drivers influencing the
market for flexible electronics over the forecast period.
Flexible electronics is a technology for
creating electronic devices by placing stretchable electronic circuits onto
stretchable substrates or entirely encasing them in silicone or polyurethane.
It is an emerging class of electronics that is expected to enable a range of
new applications, including cyber skin for robotic devices, imparting a network
of sensors on a fully conformable, stretchable cyber skin, implantable sponge-like
electronics, and flesh-like devices with embedded electronic nervous systems.
Growth of Internet of Things (IoT)
The Internet of Things (IoT) has a broad
vision of connecting every single object globally to form one network. Flexible
electronic devices, including RFIDs, sensors, memory devices, displays and
power sources, are considered to be the technological basis of the IoT. The
development of flexible electronic devices has been extremely rapid in the last
decade. For instance, to address the growing concerns behind sun exposure as
well as to educate consumers, L’Oréal has designed a wearable patch that
monitors UV exposure. Moreover, flexible electronics are becoming almost
synonymous with many emerging applications in the IoT such as agriculture,
health care, and structural health monitoring. Other types of flexible
electronics devices are essential to the IoT, especially in wearable gadgets,
such as fitness bands and smartwatches. Therefore, with the rising IoT, the
demand for flexible electronics is likely to augment in the coming years.
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Rising Demand for Consumer Devices
Flexible electronics are low-cost, durable,
and widely used in cell phones, tablets, PCs, wearables, televisions, and other
consumer devices. Flexible displays are used in such devices to save space
while also reducing thickness and weight. The two primary types of displays
used are flexible organic light-emitting diodes and flexible organic liquid
crystal displays. Furthermore, the need for flexible electronics is growing in
step with the demand for consumer electronics. Despite a drop in smartphone
shipments due to the COVID-19 pandemic, the smartphone and wearable devices
market is expected to recover quickly with such technology.
Continuous Technological Development
To continuously develop their products,
several large companies in the sector are making significant investments in R
& D. For instance, Samsung and Intel worked together to achieve 305 Gbps on
their 5G SA core. The company anticipates that its highly adaptable and
scalable design would enable the delivery of 5G services more quickly and
affordably. A foldable gadget featuring a joint mechanism that makes use of
moveable flaps to assist and protect the display from being scratched or
damaged when folded was given a patent by Apple Inc. in 2020. Major
corporations from nations like China and India are encouraging and challenging
one another to take use of flexible technology through these advances. The
sector for flexible electronics is likely to continue to expand
technologically, opening up attractive potential for participants.
Market Segments
Global Flexible
Electronics Market is segmented into applications, circuit structure, end use
industry region, and competitive
landscape. Based on applications, the market is segmented into displays,
sensors, thin-film photovoltaics, batteries, and others. Based on circuit
structure, the market is segmented into single-sided flexible circuit, double-sided
flexible circuit, multilayer flexible circuit, sculptured flexible circuit and
others. Based on end use industry, the market is segmented into consumer electronics,
healthcare, military & defense, automotive, others.
Market Players
Major
market players in the Global
Flexible Electronics Market are E Ink Holdings Inc., Blue
Spark Technologies, Samsung Electronics Co. Ltd, LG Electronics Inc., Enfucell
Flexible Electronics Co. Ltd., Cymbet Corporation, AU Optronics Corp., Imprint
Energy Inc., Palo Alto Research Center Incorporated, Solar Frontier.
Recent Developments
- In 2022, Imec,
KU Leuven and PragmatIC collaborated on flexible microprocessors, which is a
key opportunity for countless new applications, from sensors to the Internet of
Things.
- In 2021, Royole
launched RoKit, the world’s first open platform flexible electronics
development kit which combines flexible display and sensor technologies with
programmable hardware into a developer-friendly, all-in-one flexible
electronics development kit for product designers and application developers to
discover and leverage the power of flexible technologies.
- In 2022, Voltera
announced the launch of NOVA, its groundbreaking platform for printing flexible
hybrid electronics which uses direct-write, extrusion technology to print on
soft, stretchable, and conformable surfaces.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 –
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments covered
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By Applications
By Circuit Structure
By End Use Industry
By Region
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Regional Scope
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North
America, Europe, Asia-Pacific, South America, Middle East & Africa
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Country scope
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United States, Canada, Mexico, China, India, Japan, South
Korea, Vietnam, United Kingdom, Germany, France, Netherlands, Switzerland,
UAE, Saudi Arabia, South Africa, Egypt, Israel, Brazil, Argentina, Chile.
|
|
Key companies profiled
|
E
Ink Holdings Inc., Blue Spark Technologies, Samsung Electronics Co. Ltd, LG
Electronics Inc., Enfucell Flexible Electronics Co. Ltd., Cymbet Corporation,
AU Optronics Corp., Imprint Energy Inc., Palo Alto Research Center
Incorporated, Solar Frontier
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Global Flexible Electronics Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
·
Flexible Electronics Market, By Applications:
o
Displays
o
Sensors
o
Thin-Film Photovoltaics
o
Batteries
o
Others
·
Flexible Electronics Market,
By Circuit Structure:
o
Single-Sided Flexible Circuit
o
Double-Sided Flexible Circuit
o
Multilayer Flexible Circuit
o
Sculptured Flexible Circuit
o
Others
·
Flexible Electronics Market,
By End Use Industry:
- Consumer
Electronics
- Healthcare
- Military & Defense
- Automotive
- Others
- Flexible Electronics Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Asia pacific
§ China
§ India
§ Japan
§ South Korea
§ Vietnam
§ Rest of Asia Pacific
o Europe
§ United Kingdom
§ Germany
§ France
§ Netherlands
§ Switzerland
§ Rest of Europe
o
Middle
East & Africa
§ Saudi Arabia
§ South Africa
§ UAE
§ Egypt
§ Israel
§ Rest of MEA
o
South
America
§ Brazil
§ Argentina
§ Chile
§ Rest of South America
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Global Flexible Electronics Market.
Available Customizations:
Global Flexible Electronics Market with
the given market data, Tech Sci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
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