Press release
Global Flexible Electronics And Circuit Market Projected to Surpass $55.38 Billion by 2029 with 10.2% Annual Growth
Flexible Electronics And Circuit
The growing demand for consumer electronic devices is anticipated to drive the expansion of the flexible electronics and circuit market. Consumer electronics, including smartphones, laptops, tablets, and smartwatches, are integrated with cutting-edge technologies such as IoT and AI, which foster increased demand. Flexible electronics and circuits enable these devices to have sleeker designs, enhanced portability, and greater durability by supporting bending and stretching without sacrificing performance. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that Japan's electronic equipment production reached ¥771,457 million ($4,919 million), with consumer electronics production amounting to ¥32,099 million ($204.67 million), an increase from the previous year. This surge in demand for consumer electronics is fueling the growth of the flexible electronics and circuit market.
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What is the future CAGR of the flexible electronics and circuit market, and how will it impact industry expansion?
The flexible electronics and circuit market has grown rapidly in recent years. It will expand from $34.02 billion in 2024 to $37.6 billion in 2025, at a CAGR of 10.6%. This growth is attributed to demand for foldable displays, the emergence of flexible sensors, the transition to 5G networks, the adoption of flexible printed circuit boards, and growing environmental concerns.
The flexible electronics and circuit market will grow to $55.38 billion by 2029, at a CAGR of 10.2%. This growth is fueled by supply chain resilience, government initiatives, aerospace and defense sector expansion, increased R&D investment, and device miniaturization. Trends include printed electronics, IoT applications, flexible display tech, and flexible sensor technology advancements.
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What are the most significant trends transforming the flexible electronics and circuit market today?
Companies in the flexible electronics and circuit market are innovating flexible circuit production processes to boost revenue. These advanced processes involve manufacturing flexible printed circuit boards (PCBs) that offer complex designs and high reliability. For instance, in April 2024, Ennovi, a Singapore-based company, launched Flexible Cut Circuit (FDC) technology for manufacturing flexible circuits used in electric vehicle (EV) battery cell systems. This method improves efficiency and environmental sustainability, offering an affordable alternative to traditional circuits.
Which key market segments comprise the flexible electronics and circuit market and drive its revenue growth?
The flexible electronics and circuit market covered in this report is segmented -
1) By Type: Organic Light-Emitting Diode (OLED) And Liquid Crystal Display (LCD) Display, Printed Sensor, Battery, Thin-Film Photovoltaics, Organic Light-Emitting Diode Lighting
2) By Flexible Electronics: Flexible Displays, Flexible Circuit
3) By Application: Single-Sided, Multilayer, Double-Sided, Rigid
4) By Vertical: Military, Defense And Aerospace, Automotive, Consumer Electronics, Industrial, Healthcare And Medical, Energy And Power, Other Verticals
Subsegments:
1) By Organic Light-Emitting Diode (OLED) And Liquid Crystal Display (LCD) Display: OLED Display, Flexible OLED Display, AMOLED (Active Matrix OLED), PMOLED (Passive Matrix OLED), LCD Display, Flexible LCD Display
2) By Printed Sensor: Pressure Sensors, Temperature Sensors, Flexible Capacitive Sensors, Chemical Sensors, Biosensors, Gas Sensors
3) By Battery: Flexible Lithium-Ion Batteries, Flexible Supercapacitors, Printed Batteries, Organic Batteries
4) By Thin-Film Photovoltaics: Organic Photovoltaic Cells (OPVs), Perovskite Solar Cells, Copper Indium Gallium Selenide (CIGS) Solar Cells, Amorphous Silicon (a-Si) Solar Cells
5) By Organic Light-Emitting Diode Lighting: OLED Light Panels, Flexible OLED Lighting, Transparent OLED Lighting, OLED Lamps And Fixtures
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Which region dominates the flexible electronics and circuit market?
North America was the largest region in the flexible electronics and circuit market in 2024. The regions covered in the flexible electronics and circuit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the flexible electronics and circuit market?
Major companies operating in the flexible electronics and circuit market are Samsung Electronics Co Ltd., Panasonic Corporation, Jabil Inc., Flex Ltd., BOE Technology Group Co Ltd., LG Display Co Ltd., TDK Corporation, DuPont de Nemours Inc., Toppan Printing Co Ltd., AU Optronics Corporation, Konica Minolta Inc., Japan Display Inc., Royole Corporation, PragmatIC Semiconductor Ltd., CLEARink Displays Inc., Blue Spark Technologies Inc., Plastic Logic Limited, XENON Corporation, Ynvisible Interactive Inc., BeBop Sensors Inc., C3Nano Inc., MC10 Inc., Polyera Corporation, Imprint Energy Inc.
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What Is Covered In The Flexible Electronics And Circuit Global Market Report?
•Market Size Forecast: Examine the flexible electronics and circuit market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the flexible electronics and circuit market for a structured understanding.
•Key Players Overview: Analyze major players in the flexible electronics and circuit market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the flexible electronics and circuit market.
•Segment Contributions: Evaluate how different segments drive overall growth in the flexible electronics and circuit market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the flexible electronics and circuit market.
•Industry Challenges: Identify potential risks and obstacles affecting the flexible electronics and circuit market.
•Competitive Landscape: Review strategic developments in the flexible electronics and circuit market, including expansions, agreements, and new product launches.
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