Flexible Electronics Market Size, Business Growth Updates,

Flexible Electronics Market Share

The Business Research Company recently released a comprehensive report on the Global Flexible Electronics Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company’s, The flexible electronics market size has grown rapidly in recent years. It will grow from $31.91 billion in 2023 to $36.79 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to consumer electronics miniaturization, medical and healthcare applications, printed electronics, defense and aerospace applications, display innovation.

The flexible electronics market size is expected to see rapid growth in the next few years. It will grow to $62.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to foldable and rollable devices, renewable energy, sustainable and eco-friendly electronics, automotive exterior applications, energy storage and flexible batteries. Major trends in the forecast period include wearable health and fitness tech, internet of things (iot) integration, medical wearables and implants, flexible sensors and robotics, 5g connectivity and flexible antennas.

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Market Drivers and Trends:

Rising demand for consumer electronic devices is driving the growth of the flexible electronics market. Consumer electronics (CE) refers to any electronic equipment intended for end-users or consumers to purchase and use regularly for non-commercial or professional purposes. Consumer electronics use flexible electronics in most electronic devices, as a result, rising demand for consumer electronics increases the demand for the flexible electronics market. For instance, in March 2021, according to the Retailers Association of India (RAI), an Indian retail trade association consumer electronics and appliance sales climbed by 23.5 percent in the third quarter of 2021. Therefore, the rising demand for consumer electronics drives the flexible electronics market.

Technology innovation are shaping the mobile gaming market. Innovations in technology and the increasing trend of mobile gaming technology are also encouraging market demand. For instance, in 2022, NextFlex, America’s Flexible Hybrid Electronics (FHE) Manufacturing Institute, released Project Call 7.0 (PC 7.0), the most recent request for proposals, which seeks to fund projects that promote the development and deployment of FHE while solving significant issues in advanced manufacturing and supporting DOD priorities. PC 7.0 builds on the success and maturity of previous Project Calls by continuing to use broadly defined topics to enable a diverse proposer base, with a particular focus on areas where FHE can impact high-priority U.S. manufacturing opportunities and emerging areas of importance within the FHE community. Further innovations are For instance, in 2021, Royole Corporation, a pioneer and the world leader in flexible electronics announced Royole RoKit, the global first open platform flexible electronics development kit. RoKit is a developer-friendly, all-in-one flexible electronics development kit that integrates Royole’s flexible display and sensor technologies with programmable hardware for product designers and application developers to discover and utilize the power of flexible technologies.

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Major Key Players of the Market:

Blue Spark Technologies Inc., OLEDWorks LLC, AU Optronics Corp., Cymbet Corporation, E Ink Holdings Inc., Enfucell Oy, Flex Ltd., FlexEnable Ltd., Flexpoint Sensor Systems Inc., Imprint Energy Inc., LG Electronics Inc., Palo Alto Research Center Incorporated, Royole Corporation, Samsung Electronics Co. Ltd., Solar Frontier K.K., LG Corporation, Enfucell Flexible Electronics Co. Ltd., Imprint Energy, E Ink Holdings, Jabil Inc., Bebop Sensors Inc., Sensing Tex SL, Coatema Coating Machinery GmbH, Agfa-Gevaert NV, GSI Technologies, Ynvisible Interactive Inc., Isorg SA, PragmatIC Semiconductor, Thales Digital Factory, StoreDot Ltd.

Flexible Electronics Market 2024 Key Insights:

• The flexible electronics market size is expected to see rapid growth in the next few years. It will grow to $62.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%.

• Rising Consumer Electronics Demand Fuels Flexible Electronics Growth

• Technology Innovations Reshaping The Mobile Gaming In Flexible Electronics Market

• Asia-Pacific was the largest region in the flexible electronics market in 2023

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This release was published on openPR.