Printed and Flexible Electronics Market Size, Share, Growth Opportunities 2023

The global printed and flexible electronics market size was valued at USD 7,406.4 million in 2022 and is poised to grow at a significant CAGR of 6.7% during the forecast period 2023-29. The primary factors that drive the market are the growing prevalence of innovation of flexible electronics, rising fashion consciousness towards technology, and increasing demand for 3D printing and flexible screens in the market.

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The global printed and flexible electronics market segmentation:
1) By Technology: Screen Printing, Inkjet Printing, Flexible Display, Flexible Battery and Flexible Sensors, Flexible memory
2) By Application: Sensors, Display, Lightening, Photovoltaic, RFID
3) By End User: Consumer Electronics, Automotive, Health & Medicine, Energy & Power, and Others

Based on technology type, flexible displays hold the highest market share. The major factor for the rise of this segment is that the use of flexible displays eradicates the traditional LED screens which are expensive in manufacturing, also new research and development in flexible screens become a trend, and demand for such screens increased in the market. For most people, wearable flexible screens become a trend, increase in the development of such displays increases the revenues of key players, such screens are already implemented in mobile phones and some healthcare devices. These factors can drive the Printed & Flexible Electronics Market growth.

Asia Pacific Printed and Flexible Electronics Market
Asia Pacific region is expected to grow significantly in the Printed & flexible electronics market size over the forecast period. A semiconductor is the root of the printed & flexible electronic market, Asia Pacific holds the largest market share across the world with a maximum revenue share of 45%, China, India, and Japan is the major countries for developing and investing in new technologies in the market, China is dominating the market in nanotechnology and large exporter of semiconductor across the globe. India is an emerging market for technological advancement, the government is taking new steps towards technological advancement in the region and it is expected to grow in the forecast period. Japan is already a highly technological country compared to the world as an increase in technology new printed & flexible market will boost in forecasted years.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players

The Printed & Flexible Electronics Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

In January 2022, LG launches a new "Create Board" series of interactive displays for the education market, helping improve modern education through new technologies that support flexible learning environments, enhance educator capabilities, enable more engaging lessons for students, and provide maximum utility through open-source compatibility with leading software platforms

In June 2021 - Samsung announced the development of an organic light-emitting diode (OLED) display that is skin-attachable and stretches in response to bodily movement. This elastic technology is expected to play a significant role in wearable health devices

Detailed Segmentation
The Printed & flexible electronics market is segmented based on technology, application, end-user, and geography.

Based on the technology, the market is segmented into the following:
• Screen Printing
• Inkjet Printing
• Flexible Display
• Flexible Battery
• Flexible Sensors
• Flexible memory

Based on the application, the market is segmented into the following:
• Sensors
• Display
• Lightening
• Photovoltaic
• RFID

Based on the end user, the market is segmented into the following:
• Consumer Electronics
• Automotive
• Health & Medicine
• Energy & Power
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key players' profiles in the Printed & Flexible Electronics Market report are; Samsung Electronics, Solar Frontier, Palo Alto Research and development company, LG Corporation, Cymbet Corporation, Blue Spark Technologies, Enfucell Flexible Electronics Co. Ltd., Imprint Energy, E Ink Holdings, AU Optronics, Agfa-Gevaert Group, DuPont de Nemours, Inc, Molex, LLC, and Nova Centrix

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This release was published on openPR.