Flexible Electronics Market Growing at 9.1% CAGR to Hit US$ 61.21

Flexible Electronics Market

𝐓𝐡𝐞 𝐟𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 27.95 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2023 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐢𝐬𝐞 𝐭𝐨 𝐔𝐒𝐃 61.21 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 9.1% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝 𝐟𝐫𝐨𝐦 2024 𝐭𝐨 2032.

𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐩𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐟𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• The expanding IoT market creates opportunities for flexible electronics makers to address the growing demand for these components.

• Advances in material science and increased demand for consumer electronics are the key drivers of market demand.

• Remote work and telemedicine have driven up demand for wearable devices, stressing the significance of health monitoring and communication.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬?

The sector that encompasses the design, production, and application of electronic systems and components that are flexible and can adapt to different surfaces and shapes is known as the global flexible electronics market. Advanced materials like thin films, organic polymers, and flexible substrates are used in flexible electronics to create lightweight, stretchable, and bendable electrical devices. These devices, which provide advantages including mobility, durability, and versatility, find uses in a variety of industries, including consumer electronics, healthcare, automotive, aerospace, and more. Continuous technical developments, a rise in wearable device demand, and the integration of flexible electronics with the Internet of Things (IoT) are factors that define the worldwide flexible electronics industry. These factors also drive innovation and influence the development of future electronic products and systems.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Some of the leading companies in the flexible electronics market are:

• AU Optronics

• Blue Spark Technologies

• Cymbet Corporation

• E Ink Holdings

• Enfucell Flexible Electronics Co. Ltd.

• General Electric

• Imprint Energy

• ITN Energy Systems Inc.

• LG Corporation

• MFLEX

• Palo Alto Research Center Incorporated

• Panasonic Corporation

• Samsung Electronics

• Solar Frontier

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 :

• The display segment is expected to witness the highest market share during the forecast period, which is mainly driven by growing applications in smartphones, TVs, and wearables.

• In 2023, the consumer electronics segment held the largest market share, mainly due to increasing demand for curved TVs, flexible displays, and bendable smartphones.

• North America region dominated the largest market share in 2023, owing to increasing demand for wearable technology, wider application in healthcare and medical devices, and technological advancements.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧:

The market is mainly segmented based on application, end-user, and region. Based on the application research, the display category is predicted to have the largest market share over the projection period. Flexible display electronics have brought about a new era of visual communication and interactivity.

Furthermore, according to the end-use analysis, the consumer electronics category will account for the largest market share. Flexible electronics have altered consumer electronics by providing numerous applications.

• 𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

o Batteries

o Sensors

o Displays

o OLED Lighting

o Thin-Film Photovoltaics

o Others

• 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞

o Automotive

o Healthcare

o Consumer Electronics

o Industrial

o Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 :

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐈𝐬𝐨𝐥𝐚𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 :

𝐂𝐞𝐥𝐥𝐮𝐥𝐚𝐫 𝐌𝐨𝐝𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 :

𝐅𝐢𝐛𝐞𝐫 𝐎𝐩𝐭𝐢𝐜 𝐏𝐫𝐞𝐟𝐨𝐫𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.polarismarketresearch.com/industry-analysis/fiber-optic-preform-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬 :

Polaris Market Research

Phone: +1-929-297-9727

Email: [email protected]

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 :

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

This release was published on openPR.