Press release
Global Flexible Electronics Market Comprehensive Study: Forecasted Market Size And Growth Rate
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2345The Business Research Company offers in-depth market insights through Flexible Electronics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 Segmentation:
The main types of flexible electronics are flexible display, flexible battery, flexible sensors, flexible memory, and flexible photovoltaics. Flexible display screens are flexible displays that are made of Organic Light Emitting Diodes (OLED) displays The different circuit structures include single-sided, double-sided and others and are applicable in displays, thin-film photovoltaics, printed sensors, batteries, Organic Light Emitting Diodes (OLED) lighting, other applications and are used in consumer electronics, energy, and power, healthcare, automotive, military and defense, aerospace, other verticals.
Major Driver - Rising Consumer Electronics Demand Fuels Flexible Electronics Growth
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.
Competitive Landscape:
Major companies operating in the flexible electronics market include 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.
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Top Trend - Technology Innovations Reshaping The Mobile Gaming In 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flexible Electronics Market Characteristics
3. Flexible Electronics Market Trends And Strategies
4. Flexible Electronics Market - Macro Economic Scenario
5. Flexible Electronics Market Size And Growth
…..
27. Flexible Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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