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

Flexible Electronics Market was valued at USD 23.64 billion in 2023 and is anticipated to reach at USD 46.2 billion by 2030, and poised to grow 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.