Flexible Electronics Market Expected to Garner $42.48 Billion By 2027 at 7.4% CAGR | Latest Trends and Revenue Generation Analysis [Customizatio Available - 2032]

According to the report published by Allied Market Research, the global flexible electronics market garnered $23.64 billion in 2019, and is expected to reach $42.48 billion by 2027, witnessing a CAGR of 7.4% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key investment pockets, top segments, value chain, and competitive scenario.

Flexible electronics are a new class of electronics that conform to any shape and are also bendable, stretchable, and twistable, enabling new capabilities, features, and products. The next-generation flexible electronics possess a wide range of applications including the measuring temperature gradients from our bodies and the environment, wearable and implantable bioelectronics that monitor health and makes diagnostics simpler using machine learning, harvesting energy from light through windows, cars, and clothing, and consumer electronics like folding phones and rollable displays.

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Increase in implementation of Internet of Things (IoT), surge in concerns of governments, and rise in demand for portable and smart electronic products drive the global flexible electronics market. However, the cost constraint hinders the market growth. On the other hand, emergence of the printed electronics and other technological advancements create new opportunities in the coming years.

COVID-19 Scenario:
1. Manufacturing activities has been stopped due to sudden lockdown imposed by governments to curb the spread of coronavirus. Moreover, the supply chain has been disrupted and the shortage of raw materials has been created.
2. The demand for flexible electronics components has been decreased significantly from sectors such automotive and aerospace & defense sector as manufacturing and R&D activities came to sudden halt.
3. The demand would grow steadily as manufacturing activities in application industries begin with optimum workforce during the post-lockdown period.

The key players profiled in the report include Samsung Electronics Co. Ltd., Palo Alto Research Center Incorporated, Solar Frontier, Cymbet Corporation, LG Corporation, Enfucell Flexible Electronics Co. Ltd., Blue Spark Technologies, E Ink Holdings, Imprint Energy, and AU Optronics.

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Flexible electronics is anticipated to revolutionize the comprehensive and highly vertical microelectronics industry supply chain, yielding enormous business opportunities in various applications. It has an impressive ability to integrate with various next-generation technologies such as big data analytics and artificial intelligence to develop new products for consumers. Rather than competing with conventional electronics in terms of performance and computing power, it offers innovative ways to interact with environments that were not possible before.

Flexible electronics is estimated to evolve continuously, new research is driven by functional materials with incredible form factors and new methodologies of fabricating devices in unconventional shapes, in faster, cheaper, and more accessible manners. However, the flexible electronics market is estimated to progress by delivering end products with improved durability, stability, and reliability in terms of device functionalities. With technological advancements, it is anticipated to overcome the manufacturing barriers including the adaptation of equipment with developed materials and inks to balance the initial low yield rates of new technologies with proposed investments.

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The report offers detailed segmentation of the global flexible electronics market based on component, application, and region. Based on component, the flexible display segment contributed to the highest market share in 2019, holding more than half of the total market share, and is projected to maintain its leadership status during the forecast period. Moreover, this segment is expected to witness the highest CAGR of 9.1% from 2020 to 2027. The report also provides detailed analysis of segments including flexible battery, flexible sensor, flexible memory, and flexible photovoltaic.

Based on application, the consumer electronics segment held the highest share, contributing to nearly three-fifths of the total share of the global flexible electronics market in 2019, and is expected to maintain its dominant share by 2027. Moreover, this segment is projected to portray the highest CAGR of 9.1% during the forecast period. The research also analyzes segments such as automotive, medical & healthcare, energy & power, aerospace & defense, and others.

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Based on region, Asia-Pacific accounted for the highest share of the market in terms of revenue, holding nearly two-fifths of the total share in 2019, and will continue its lead position during the forecast period. Moreover, this region is expected to manifest the highest CAGR of 9.2% from 2020 to 2027. The report also discusses regions including Europe, North America, and LAMEA.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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