Flexible Electronics Market: By Component (Flexible Display, Battery, Sensors, Memory, and Flexible Photovoltaics), By Application (Consumer Electronics, Healthcare, Automotive, Energy and power Aerospace, and Others), and Geography

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Flexible Electronics Market was valued at USD 23.64 billion in 2023 and is anticipated to grow to USD 46.2 billion by 2029, growing at a 5.6% CAGR from 2024 to 2030. Flexible electronics are flex circuits, it is the technology for assembling electronic circuits by mounting semiconductor devices on flexible plastic substances, they are lightweight, portable, and energy efficient. Flexible electronics are incorporated with technology enthusiast consumer and industrial products to offer innovative technology with different shapes and sizes. it is estimated to revolutionize displays, lighting technology, grid connection, and power integration, health monitoring systems.

The growth of the Internet of Things (IoT) and artificial intelligence in smart devices escalate the market growth. Furthermore, the rise in demand for flexible devices and smart electronics products is accounted as a major factor for the market growth. IT and telecom industry incorporated to spend in research & development of new technology to develop flexible smart products, also launch of 5G technology is expected to create numerous opportunities in the flexible electronics market. with the high technology development, the cost of new materials and equipment is very high, to develop such technology requires skilled professionals and large spending on R&D which hinders the market growth, also repairing and reworking flexible electronics become a major challenge in the market. Although, the reimbursement policies by the government are the key opportunities in the overall Flexible Electronics Market. Regionally, the United States is one of the largest economies as well as the progressive tech industry globally, thus North America is expected to dominate the market in the forecast years. 

Flexible Electronics Market Key Developments:
  • In June 2021, Royole Launched the RoKit Open Platform Flexible Electronics Development Kit. The fully flexible display module included in Rokit is Royole's third-generation Cicada Wing fully flexible display, independently developed by Royole.
  • In January 2021, TCL CSOT launched the 17-inch Printed OLED Scrolling Display and 6.7-inch AMOLED Rollable Display, at CES 2021. TCL CSOT is a subsidiary of TCL Technology, which is dedicated to driving greater innovations in semiconductor displays.

Flexible Electronics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.6%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Flexible Electronics Market Dynamics

The increasing technological progression and development of flex circuits across the world is the major market drivers in the Flexible Electronics Market during the forecast period. In the way of production of cost-effective, durable, reliable, displays across the world which is further deployed in smartphones, TVs, wearables, and others, also saves space with thin body shapes. In the past few years, the companies developed light-emitting- diode (OLED) displays and flexible organic liquid crystal displays (OLCD) to accelerate the demand for flexible electronics along with increasing demand for consumer electronics driving the market growth with significant growth.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Flexible Electronics Market Segmentation

By Components
  • Flexible Display
  • Flexible Battery
  • Flexible Sensors
  • Flexible Memory
  • Flexible Photovoltaics
By Application
  • Consumer Electronics
  • Healthcare
  • Automotive
  • Energy & Power
  • Aerospace
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The flexible electronics market size was valued at USD 23.64 billion in 2023 and is anticipated to grow USD 46.2 billion by 2029

The flexible electronics market is poised to grow at a significant rate of 5.6% CAGR from 2024 to 2030

The leading players in the flexible electronics market are SAMSUNG, SOLAR FRONTIER K.K, LG Communication Centre, S&I Corp., First Solar., Panasonic India, Konica Minolta Business Solutions India Private Limited., OLED Works., Blue Spark Technologies, Bright Volt Solid State Batteries., Heliate, Imprint Energy Inc, Cymbet, Palo Alto Research Centre Incorporated, Thin Film Electronics ASA., Royale Corporation., and Flex Enable Limited.

  • SAMSUNG
  • SOLAR FRONTIER K.K
  • LG Communication
  • S&I Corp.
  • First Solar.
  • Panasonic India
  • Konica Minolta Business Solutions India Private Limited.
  • OLED Works.
  • Blue Spark Technologies
  • BrightVolt Solid State Batteries.
  • Heliate
  • Imprint Energy Inc
  • Cymbet
  • Palo Alto Research Center Incorporated
  • Thin Film Electronics ASA.
  • Royole Corporation.
  • FlexEnable Limited
  • Enfucell SoftBattery
  • Planar Energy

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