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Flexible Hybrid Electronics Market Insights: Market Size, Significant Trends, and Factors Driving Growth in Emerging Tech Segments!
Flexible Hybrid Electronics Market
As per the report, the flexible hybrid electronics market size has grown rapidly in recent years. It will grow from $0.11 billion in 2023 to $0.12 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The flexible hybrid electronics market size is expected to see rapid growth in the next few years. It will grow to $0.21 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%.
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Automobile Production Boosts Flexible Hybrid Electronics Market
The rising production of automobiles is expected to propel the growth of the flexible hybrid electronics market going forward. Automobiles refer to autonomous vehicles with four wheels driven by an electric motor or internal combustion engine and designed for use on public highways. The production of automobiles is rising due to increasing global demand, technological advancements, and expansion into emerging markets. Flexible hybrid electronics in automobiles enhance design flexibility and enable the integration of lightweight, conformable electronic systems for improved functionality and performance. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Therefore, the rising production of automobiles is driving the growth of the flexible hybrid electronics market.
Development Of Innovative Flexible Cut Circuit (FDC) Technology For Electric Vehicle Applications
Major companies operating in the flexible electronics and circuit market are focusing on developing advanced flexible circuit production processes to drive revenue growth. Advanced flexible circuit production processes refer to manufacturing techniques that produce flexible printed circuit boards (PCBs) with complex designs, high reliability, and superior performance characteristics. For instance, in April 2024, Ennovi, a Singapore-based provider of mobility electrification solutions, launched a Flexible Cut Circuit (FDC) technology designed for manufacturing flexible circuits used in low-voltage signal applications for electric vehicle (EV) battery cell contact systems. This pioneering method provides a more economical and environmentally sustainable alternative to conventional flexible printed circuits (FPCs). The FDC technology streamlines the manufacturing process, enabling faster continuous production and immediate copper recycling, enhancing its eco-friendliness and efficiency.
Major Companies Bolster Flexible Hybrid Electronics Market Position Through Strategic Funding Initiatives
Major companies operating in the flexible hybrid electronics market are investing heavily to maintain their position in the market. Investment in flexible hybrid electronics refers to allocating funds or capital toward developing, producing, or utilizing electronic systems that combine flexible substrates with rigid components for versatile applications. For instance, in December 2022, NextFlex, a US-based electronics manufacturer, announced that it had secured over $8 million in funding for Flexible Hybrid Electronics (FHE) innovations. This funding will support projects to advance hybrid electronics manufacturing, particularly in advanced semiconductor packaging and environmental sustainability. The grant includes contributions from various participants and will be allocated to projects focusing on critical manufacturing challenges and developing environmentally sustainable electronics manufacturing processes.
The flexible hybrid electronics market covered in this report is segmented -
1) By Structure Type: Rigid Flex Circuit, Multilayer Flex Circuit, Double Sided Flex Circuit, Single Sided Flex Circuit, Other Structure Types
2) By Application: Displays, Batteries, Thin- Film Photovoltaics, Printed Sensors, Organic Light Emitting Diode Lighting, Other Applications
3) By Vertical: Industrial, Consumer Electronics, Automobile Industry, Military And Defense, Aerospace, Other Verticals
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Major companies operating in the flexible hybrid electronics market are Samsung Electronics Co Ltd., Panasonic Corporation, Jabil Inc., Flex Ltd., LG Display Co Ltd, Du Pont De Nemours and Company, AU Optronics Corporation, E Ink Holdings Inc., Royole Corporation, Pragmatic Semiconductor, Brewer Science Inc., NovaCentrix, Blue Spark Technologies Inc., Plastic Logic Limited, XENON Corporation, Ynvisible Interactive Inc., BeBop Sensors Inc., C3Nano Inc., Ares Materials Inc., MC10 Inc., Powercast Corporation, Canatu Oy, Polyera Corporation, American Semiconductor Inc., Imprint Energy Inc
Contents of the report:
1. Executive Summary
2. Flexible Hybrid Electronics Market Report Structure
3. Flexible Hybrid Electronics Market Trends And Strategies
4. Flexible Hybrid Electronics Market - Macro Economic Scenario
5. Flexible Hybrid Electronics Market Size And Growth
…..
27. Flexible Hybrid Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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