Press release
Flexible Electronics And Circuit Market Anticipated To Witness Robust Growth, Surpassing $55.38 Billion By 2029
Flexible Electronics And Circuit
What Is the Current Flexible Electronics And Circuit Market Size and Its Estimated Growth Rate?
The flexible electronics and circuit market has grown rapidly in recent years. It will increase from $34.02 billion in 2024 to $37.6 billion in 2025, at a CAGR of 10.6%. This growth is attributed to the demand for foldable displays, the emergence of flexible sensors, the shift towards 5G networks, the adoption of flexible printed circuit boards, and growing environmental concerns.
The flexible electronics and circuit market is expected to see rapid growth, reaching $55.38 billion by 2029 at a compound annual growth rate (CAGR) of 10.2%. This growth is attributed to increased investment in R&D, government initiatives, and the expansion of the aerospace and defense sector. Key trends include advancements in printed electronics, IoT applications, flexible display technologies, and flexible sensor technology.
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How Are Emerging Segments Shaping the Flexible Electronics And Circuit Market Landscape?
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, TH*Care 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 Growth Factors Are Influencing Flexible Electronics And Circuit Market Expansion?
The increasing demand for consumer electronic devices is expected to drive the growth of the flexible electronics and circuit market. Consumer electronic devices include gadgets such as smartphones, laptops, tablets, and smartwatches, designed for personal use, entertainment, communication, or productivity. With technology becoming more integrated into daily life, along with advancements like IoT and AI, the demand for these devices continues to grow. Flexible electronics and circuits are increasingly used in these devices to enable sleeker designs, better portability, and improved durability, allowing them to bend and stretch without losing functionality. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan reached $4,919 million (¥771,457 million), with consumer electronics production at $204.67 million (¥32,099 million), compared to $161.12 million (¥25,268 million) in May 2022. Thus, the rising demand for consumer electronics is driving the growth of the flexible electronics and circuit market.
Who Are the Dominant Players Across Different Flexible Electronics And Circuit Market Segments?
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.
What Trends Are Driving Growth in The Flexible Electronics And Circuit Market?
In a bid to increase their revenue growth, key players in the flexible electronics and circuit market are investing in the development of superior flexible circuit production processes. These cutting-edge manufacturing techniques are used to build flexible printed circuit boards (PCBs) that offer intricate designs, high dependability, and unparalleled performance features. To illustrate, in April 2024, mobility electrification solutions provider Ennovi, based in Singapore, unveiled its innovative Flexible Cut Circuit (FDC) technology geared towards the production of flexible circuits for low-voltage signal applications in electric vehicle (EV) battery cell contact systems. Unlike the traditional flexible printed circuits (FPCs), this breakthrough technology offers a cost-effective and eco-friendly alternative. The FDC technology simplifies the manufacturing process for speedy continuous production while also facilitating immediate copper recycling, thus increasing its environmental sustainability and efficiency.
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Which Geographic Regions Are Expected to Dominate the Flexible Electronics And Circuit Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Flexible Electronics And Circuit Market?
2. What is the CAGR expected in the Flexible Electronics And Circuit Market?
3. What Are the Key Innovations Transforming the Flexible Electronics And Circuit Industry?
4. Which Region Is Leading the Flexible Electronics And Circuit Market?
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