Press release
Driving Flexible Electronics Market Growth in 2025: The Role of Rising Consumer Electronics Demand Fuels Flexible Electronics Growth
Flexible Electronics Market
Flexible Electronics Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant expansion in the size of the flexible electronics market. It is projected to increase from $36.22 billion in 2024 to a whopping $41.47 billion in 2025, with a compound annual growth rate (CAGR) of 14.5%. Factors contributing to the expansion during the historic period include a reduction in the size of consumer electronics, applications in medical and healthcare, the emergence of printed electronics, and developments in defense and aerospace applications, as well as innovation in displays.
How Will the Flexible Electronics Market Size Evolve and Grow by 2029?
The market size for flexible electronics is anticipated to experience rapid expansion in the coming years, reaching $69.94 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 14.0%. The expected growth within this period can be associated with numerous factors, including the introduction of foldable and rollable devices, renewable energy, sustainable and environmentally friendly electronics, automotive exterior applications, and energy storage and flexible batteries. Key trends in this forecast period encompass wearable health and fitness technology, integration of the internet of things (IoT), medical wearable devices and implants, flexible sensors and robotics, and advancements in 5G connectivity and flexible antennas.
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What Drivers Are Propelling the Growth of Flexible Electronics Market Forward?
The flexible electronics market is experiencing growth due to the escalating demand for consumer electronic devices. Consumer electronics (CE) are electronic equipment designed for regular non-commercial or professional use by end-users or consumers. This category of electronics frequently employs flexible electronics in many of their devices. Consequently, as the demand for consumer electronics grows, so does the need for the flexible electronics market. To illustrate, LG, a consumer electronics corporation based in South Korea, set a new sales record in 2022 exceeding $60 billion for the first time in the company's history, as indicated in their 2022 annual financial report released in January 2023. This was a leap of 12.9% from 2021, when the company first crossed the roughly $52.70 billion mark. The LG Home Appliance & Air Solution Company also had a triumphant year, generating revenue of $22.5 billion in 2022, a 10.3% increase from the year prior. Therefore, the escalating demand for consumer electronics is fuelling the growth of the flexible electronics market.
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Which Emerging Trends Are Transforming the Flexible Electronics Market in 2025?
Technological advancements are driving the evolution of the mobile gaming industry. The escalating trend towards mobile gaming technology, bolstered by advancements in the field, is fostering growth in the market. For example, in 2022, NextFlex, America's Flexible Hybrid Electronics (FHE) Manufacturing Institute, unveiled Project Call 7.0 (PC 7.0), the latest call for project proposals. This call aims to allocate funding for initiatives that push the growth and application of FHE while addressing substantial challenges in advanced manufacturing, and backing Department of Defense priorities. PC 7.0 extends the achievements of prior Project Calls by maintaining a wide range of defined topics, aimed at attracting a diverse range of proposal submissions. It places specific emphasis on areas where FHE can make significant contributions to top-tier U.S. manufacturing opportunities and newly significant sectors within the FHE community.
What Are the Key Segments in the Flexible Electronics Market?
The flexible electronics market covered in this report is segmented -
1) By Component: Flexible Display, Flexible Battery, Flexible Sensors, Flexible Memory, Flexible Photovoltaics
2) By Circuit Structure: Single-Sided, Double-Sided, Other Circuit Structures
3) By Application: Displays, Thin-Film Photovoltaics, Printed Sensors, Batteries, Organic Light Emitting Diodes (OLED) Lighting, Other Applications
4) By Vertical: Consumer Electronics, Energy And Power, Healthcare, Automotive, Military And Defense, Aerospace, Other Verticals
Subsegments:
1) By Flexible Display: OLED Displays, LCD Displays, EPD Displays
2) By Flexible Battery: Lithium-Ion Flexible Batteries, Solid-State Flexible Batteries
3) By Flexible Sensors: Pressure Sensors, Temperature Sensors, Touch Sensors
4) By Flexible Memory: Flexible SRAM, Flexible Flash Memory
5) By Flexible Photovoltaics: Organic Photovoltaics (OPV), Thin-Film Photovoltaics
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Who Are the Key Players Shaping the Flexible Electronics Market's 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., 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.
What Geographic Markets Are Powering Growth in the Flexible Electronics Market?
Asia-Pacific was the largest region in the flexible electronics market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible electronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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