Flexible Electronics Market Forecasts to 2028 – Global Analysis By Circuit Structure (Single Sided Flex, Double Sided Flex, Double Access Flex, Rigid Flex), Component (Flexible Sensor, Flexible Battery) and By Geography
According to Stratistics MRC, the Global Flexible Electronics Market is accounted for $17.99 billion in 2020 and is expected to reach $81.58 billion by 2028 growing at a CAGR of 20.8% during the forecast period. Factors such as rising applications of flexible electronics in the consumer goods industry, growing use of wearable devices, and increasing use of flexible sensors in smart packaging are driving the growth of the market. However, high cost of the product is hampering the growth of the market.
Flexible electronics is a technology for assembling electronic circuits by mounting electronic devices on flexible plastic substrates. It enables new product paradigms that aren't possible with conventional semiconductors and glass substrates.
Based on the application, the medical and healthcare segment is anticipated to expand at a rapid pace during the forecast period due to the increasing usage of medical devices such as x-ray detectors and lab-on-chip devices. By geography, North America is going to have high growth during the forecast period which can be attributed to the rising focus on innovations coupled with the presence of several leading companies.
Some of the key players profiled in the Flexible Electronics Market include Panasonic Corporation, 3M, LG Display Co., Blue Spark Technologies, Plastic Logic GmbH, Cymbet Corporation, Inc., DaiNippon Printing, GSI Technologies , E Inks Holdings Inc. , Imprint Energy , Solar Frontier K.K., Multi-Fineline Electronix Inc., Pragmatic Printing Ltd, Jenax Inc., and PARC.
Estimated Market Size in 2020:
USD 17.99 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 81.58 billion
Tables, Graphs & Figures
Circuit Structure, Component, Application, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Circuit Structures Covered:
• Single Sided Flex
• Double Sided Flex
• Double Access Flex
• Rigid Flex
• Multilayer Flexible Circuit
• Sculptured Flexible Circuit
• Flexible Sensor
• Flexible Battery
• Flexible Display
• Flexible Memory
• Thin-Film Photovoltaics
• Energy and Power
• Medical and Healthcare
• Defense & Aerospace
• Consumer Electronics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Flexible Electronics Market is majorly driven by rising applications of flexible electronics in the consumer goods industry, growing use of wearable devices, and increasing use of flexible sensors in smart packaging.
The multilayer flexible circuit segment is growing at a highest CAGR owing to the better signal integrity offered by it.
North America dominated with a significant market share due to presence of several leading market players.
Asia Pacific market is growing at a highest CAGR owing to the extensive manufacturing capabilities of the industries in the region.
Key players in Flexible Electronics Market include Panasonic Corporation, 3M, LG Display Co., Blue Spark Technologies, Plastic Logic GmbH, Cymbet Corporation, Inc., DaiNippon Printing, GSI Technologies, E Inks Holdings Inc., Imprint Energy, Solar Frontier K.K., Multi-Fineline Electronix Inc., Pragmatic Printing Ltd, Jenax Inc., and PARC.
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