PUBLISHER: Meticulous Research | PRODUCT CODE: 1576488
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576488
Flexible Electronics Market by Type (Single-sided, Double-sided), Component (Surface Mount Devices, PCB), Technology (Printing Technology, PVD, CVD), Application (Consumer Electronics, Healthcare), and Geography-Global Forecast to 2031.
The research report titled 'Flexible Electronics Market by Type (Single-sided, Double-sided), Component (Surface Mount Devices, PCB), Technology (Printing Technology, PVD, CVD), Application (Consumer Electronics, Healthcare), and Geography-Global Forecast to 2031' provides an in-depth analysis of flexible electronics market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The flexible electronics market is projected to reach $66.9 billion by 2031, at a CAGR of 9.2% from 2024 to 2031.
The market for flexible electronics is growing due to the increasing adoption of flexible OLED (organic light-emitting diode) displays in consumer electronics, along with the rising use of flexible electronics to reduce weight and enhance vehicle design. However, reliability difficulties regarding component life hinder market growth. Additionally, the increasing adoption of flexible devices in the healthcare industry is likely to generate growth opportunities for the players operating in this market. However, the complexity and cost of manufacturing flexible electronic components provide a significant impediment to market growth. Furthermore, a notable recent development in the market is the growing use of flexible memory chips and storage components in smart cards, RFID tags, and wearable devices.
The flexible electronics market is segmented by type (single-sided flexible electronics, double-sided flexible electronics, multi-layer flexible electronics, and rigid-flex flexible electronics), component (surface mount devices, flexible integrated circuits, flexible displays, flexible sensors, flexible batteries, microcontrollers and microprocessors, and other components), technology (printing technology [inkjet printing, screen printing, and flexographic printing], physical vapor deposition, chemical vapor deposition, atomic layer deposition, and other technologies), and application (consumer electronics [television, wearable devices, smartphone, and other consumer electronics], automotive, healthcare, aerospace & defense, energy & power, robotics, and other applications). The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on type, the flexible electronics market is segmented into single-sided flexible electronics, double-sided flexible electronics, multi-layer flexible electronics, and rigid-flex flexible electronics. In 2024, the single-sided flexible electronics segment is expected to account for the largest share of 38.0% of the market. The large market share of this segment is attributed to the rising adoption of single-sided flexible electronics, driven by their versatility and high performance in applications such as consumer electronics and medical equipment. Additionally, their ability to operate within a broader temperature range and the advantages of lower production costs and simpler manufacturing processes are further propelling their adoption. However, the double-sided flexible electronics segment is poised to register the highest CAGR during the forecast period.
Based on component, the flexible electronics market is segmented into surface mount devices, flexible integrated circuits, flexible displays, flexible sensors, flexible batteries, microcontrollers and microprocessors, and other components. In 2024, the surface mount devices segment is expected to account for the largest share of 43.0% of the market. The large market share of this segment is driven by the increasing use of surface mount devices (SMDs), which enable more flexible and innovative PCB layout designs on flexible substrates. SMDs are directly soldered onto these substrates, enhancing mechanical strength and durability. Additionally, the rising adoption of SMDs facilitates the development of more compact and lightweight flexible electronic devices with improved functionality. However, the flexible displays segment is poised to register the highest CAGR during the forecast period.
Based on technology, the flexible electronics market is segmented into printing technology, physical vapor deposition, chemical vapor deposition, atomic layer deposition, and other technologies. In 2024, the printing technology segment is expected to account for the largest share of 34.0% of the market. The large market share of this segment is attributed to the rising use of printing technology for the efficient deposition of conductive traces and components onto flexible substrates. Additionally, the growing adoption of printing techniques to integrate multiple components-such as conductive traces, semiconductors, and sensors-into a single manufacturing step further supports this substantial market share. Furthermore, the printing technology segment is poised to register the highest CAGR during the forecast period.
Based on application, the flexible electronics market is segmented into consumer electronics, automotive, healthcare, aerospace & defense, energy & power, robotics, and other applications. In 2024, the consumer electronics segment is expected to account for the largest share of 67.0% of the market. However, the automotive segment is poised to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing adoption of flexible sensors integrated into seats, steering wheels, and dashboard surfaces to monitor driver biometrics and enhance safety by detecting signs of driver fatigue or distraction. Additionally, the rising use of flexible OLED and AMOLED displays is contributing to this growth by offering clear and customizable information to drivers.
Based on geography, the flexible electronics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 39.0% of the market. However, the Asia-Pacific market is poised to register the highest CAGR of 10.5% during the forecast period. The growth of this region is attributed to the increasing adoption of flexible electronics in the automotive sector, coupled with ongoing innovations in printing technology for manufacturing flexible electronics. Furthermore, there is a rising production of flexible memory chips and storage components used in smart cards, RFID tags, and wearable devices.
The key players operating in the flexible electronics market are Samsung Electronics Co., Ltd. (South Korea), LG Electronics, Inc. (A Subsidiary of LG Corporation) (South Korea), Panasonic Corporation of North America (A Division of Panasonic Holdings Corporation) (U.S.), 3M Company (U.S.), Konica Minolta, Inc. (Japan), CCL Industries Inc. (Canada), AUO Corporation (Taiwan), Flexpoint Sensor Systems, Inc. (U.S.), Truly International Holdings Limited (Hong Kong), Multi-Fineline Electronix, Inc. (U.S.), FlexEnable Technology Limited (U.K.), E Ink Holdings Inc. (Taiwan), Pragmatic Semiconductor Limited (U.K.), Enfucell (Finland), and Kateeva, Inc. (U.S.).
Flexible Electronics Market Assessment-by Type
Flexible Electronics Market Assessment-by Component
Flexible Electronics Market Assessment-by Technology
Flexible Electronics Market Assessment-by Application
Flexible Electronics Market Assessment-by Geography
(Note: SWOT Analysis Will Be Provided for the Top 5 Companies)