Flexible Electronics Market
Global Flexible Electronics Market Size, Share & Trends Analysis Report by Components (Flexible Display, Flexible Battery, Flexible Sensors, and Flexible Memory), and By Application (Consumer Electronics, Healthcare, Automotive, Energy & Power, Aerospace & Defense, and Others) Forecast Period 2021-2027 Update Available - Forecast 2024-2030
The global flexible electronics market is anticipated to grow at a significant CAGR of 15.8% during the forecast period. Growing adoption of flexible devices in different applications such as consumer electronics, rise in demand for compact and energy-efficient electronics, increasing demand for biosensors in healthcare is the driving factor of the flexible electronics market. Tedious and time-consuming manufacturing processes, the high cost of circuits over rigid PCB is restraining the market. The introduction of new technologies such as flexible batteries for IoT and wearable devices is the opportunity of the global flexible market.
Flexible electronics is an assembled electronic circuit of electronic devices on flexible plastic substrates made of polyimides, PEEK, or transparent conductive polyester films. 3D printing flexible electronic devices are advancing and have essential applications in the development of prosthetic organs for the disabled. Humanity & Inclusion, an NGO, had fabricated around 100 orthopedic electronic devices for the needy of Madagascar, Togo, Mali, Niger. Such 3D flexible electronics devices can directly print biomedical devices on the patient's skin which improves surgery's efficiency by increasing blood flow and reducing pain. Additionally, these devices are used to prepare prototypes in the mechanical and civil industry before giving the actual shape to the projected design. Thus such innovation will take the growth of the flexible electronics market to new heights.
Impact of COVID-19 Pandemic on Global Flexible Electronics Market
The global flexible electronics market is hit by the outbreak of COVID-19 since December 2019. The lockdowns imposed due to the spread of COVID-19 had reduced the growth rate of the global flexible electronics market. The components of flexible electronics are mostly manufactured in China and due to the trade war between the US and China manufacturers had experienced a shortage of these components supply. However, the increasing culture of work from home will generate huge demand for electronic gadgets which in turn will drive the market growth of flexible electronics.
Segmental Outlook
The global flexible electronics market is segmented based on components, and application. Based on the components, the market is segmented into flexible display, flexible battery, flexible sensors, and flexible memory. Apart from this, by application, the market is segmented into consumer electronics, healthcare, automotive, energy & power, defense & aerospace, and others.
Global Flexible Electronics Market Share by Application, 2020 (%)
Automotive Segment Holds the Significant Share in Global Flexible Electronics Market
The automotive application of flexible electronics has a significant market share attributing to the use of LCD and OLED lighting panels in vehicles as a flexible display. This demand for flexible lighting is expected to grow during the forecast period from major automobile manufacturers including Ford, Nissan, Toyota, BMW, and Audi. As per an estimate of BNP Media, electronic components will capture 50% of the total production cost of an automobile. Hyundai had collaborated with LG for establishing flexible displays in its electric vehicles.
The usage of flexible electronics in the Healthcare sector had gained growth due to the spread of COVID-19. Wearable devices are now getting popularly used to track various health parameters including heart rate, oxygen level, calories gained or burned, and even steps taken in a day. This market is expected to grow considerably during the forecast period.
The consumer electronics segment is the fastest-growing segment in the market owing to the increased smartphone users. The foldable smartphone is an innovation brought through flexible electronics. For instance, Motorola had launched its foldable flagship phone, Moto Razr in 2020. Similarly, Samsung had launched the Galaxy Z Flip phone in March 2020. The demand for smartphones is expected to grow continuously and with that, the market of flexible electronics will grow during the forecast period.
Regional Outlooks
The global flexible electronics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others, and the Rest of the World (the Middle East and Africa, and Latin America). Due to the presence of the biggest semiconductors companies in the region, Asia Pacific occupies the major market share in the market.
Global Flexible Electronics Market Growth, by Region 2021-2027
North America is Dominant in the Global Flexible Electronics Market
The increasing military use of flexible electronics in the US has attributed to the fastest growth of the market in the North American region. Additionally, increasing establishments of high technology industries are giving strength to this growth.
The increasing demand for wearable devices has given the fastest growth to the flexible electronics market in Europe. According to Ericsson, the smartphone subscription in Western Europe reached 390 million in 2019 and Eastern Europe subscription reached 350 million. For instance, Zinergy UK Ltd. launched a new flexible 3V Zinc-Carbon series in 2019.
Market Players Outlook
The major companies serving the global flexible electronics market include Samsung Electronics Co., Ltd., LG Electronics, 3M, MFLEX, E Link Holdings Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, OLEDWorks had launched Nadarra Lighting in September 2019; E Ink Holdings, Inc. had announced a strategic investment in Plastic Logic HK in June 2019 for the development of flexible EPD devices for wearable applications.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flexible electronics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Flexible Electronics Market
• Recovery Scenario of Global Flexible Electronics Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Flexible Electronics Market by Components
5.1.1. Flexible Display
5.1.2. Flexible Battery
5.1.3. Flexible Sersors
5.1.4. Flexible Memory
5.2. Global Flexible Electronics Market by Application
5.2.1. Consumer Electronics
5.2.2. Healthcare
5.2.3. Automotive
5.2.4. Energy & Power
5.2.5. Aerospace&Defense
5.2.6. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 3M Co.
7.2. BASF SE
7.3. Blue Spark Technologies
7.4. BrightVolt Solid State Batteries
7.5. Cymbet Corp.
7.6. Dai Nippon Printing (DNP) Group
7.7. E Link Holdings, Inc.
7.8. First Solar, Inc.
7.9. Front Edge Technology, Inc.
7.10. Fujikura, Ltd.
7.11. General Electric (GE) Group
7.12. ITN Energy Systems, Inc.
7.13. Japan Display, Inc.
7.14. LG Electronics
7.15. Multi-Fineline Electronix, Inc.
7.16. Nippon Mektron, Ltd.
7.17. Nitto Denko Corp.
7.18. NOK Corp.
7.19. Palo Alto Research Center, Inc.
7.20. PL Germany GmbH
7.21. PragmatIC
7.22. Samsung Electronics Co., Ltd.
7.23. SUMITOMO Electric Industries, Ltd.
7.24. Thin Film Electronics ASA
1. GLOBAL FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
2. GLOBAL FLEXIBLE DISPLAY ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL FLEXIBLE BATTERY ELCTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL FLEXIBLE SENSORS ELCTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL FLEXIBLE MEMORY ELCTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
7. GLOBAL FLEXIBLE ELECTRONICS URINE TEST MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR CONSUMER ELECTRONICS RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR HEALTHCARE RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR AUTOMOTIVE RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR ENERGY & POWER RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR AEROSPACE&DEFENSE RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR OTHERS RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
17. NORTH AMERICAN FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
18. EUROPEAN FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
20. EUROPEAN FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
24. REST OF THE WORLD FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. REST OF THE WORLD FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2020-2027 ($ MILLION)
26. REST OF THE WORLD FLEXIBLE ELECTRONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL FLEXIBLE ELECTRONICS MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL FLEXIBLE ELECTRONICS MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL FLEXIBLE ELECTRONICS MARKET, 2021-2027 (%)
4. GLOBAL FLEXIBLE ELECTRONICS MARKET SHARE BY COMPONENTS, 2020 VS 2027 (%)
5. GLOBAL FLEXIBLE DISPLAY ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL FLEXIBLE BATTERY ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL FLEXIBLE SENSORS ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL FLEXIBLE MEMORY ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL FLEXIBLE ELECTRONICS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
10. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR CONSUMER ELECTRONICS REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR HEALTHCARE REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR AUTOMOTIVE REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR ENERGY & POWER REGION BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR AEROSPACE& DEFENSE REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL FLEXIBLE ELECTRONICS MARKET FOR OTHERS REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL FLEXIBLE ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. US FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
18. CANADA FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
19. UK FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
20. FRANCE FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
21. GERMANY FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
22. ITALY FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
23. SPAIN FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
24. REST OF EUROPE FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
25. INDIA FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
26. CHINA FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
27. JAPAN FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
28. SOUTH KOREA FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF THE WORLD FLEXIBLE ELECTRONICS MARKET SIZE, 2020-2027 ($ MILLION)
