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The flexible electronics market is projected to reach a value of USD 55.77 billion with a CAGR of 9.82% between 2022 and 2027. The growth of the market depends on several factors, including capacity expansion plans, the growing demand for wearables, and the incorporation of printed batteries in mobile devices. Flexible electronics offer advantages such as lightweight, durability, and the ability to conform to various shapes, making them suitable for applications in wearable devices, displays, healthcare, and automotive industries. The market is expected to grow rapidly due to increasing demand for portable and flexible electronic devices. This market research and growth report includes information on drivers, trends, and challenges during the forecasted period.
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The market is experiencing significant growth driven by advancements in technology and increasing demand for innovative healthcare solutions. Smart wearable technologies and connected wearables are revolutionizing the healthcare sector, enabling continuous monitoring and real-time human health monitoring. 3D Integration in Healthcare and flexible electronic sensors are paving the way for the development of biomedical devices and bioelectronic tactile sensors, facilitating the creation of prosthetic hands and surgical robotic arms. Moreover, the market is witnessing the emergence of new materials and organic liquid crystal display (OLCD) technologies, enhancing the production of consumer electronic devices and enabling the development of prosthetic organs and bone graft substitutes, particularly in orthopedic surgery.
The market is witnessing exponential growth with the proliferation of innovative technologies such as flexible batteries, sensors, and smart packaging. These advancements enable tracking applications, particularly in foldable smartphones and wearable devices. Thin-film transistor (TFT) technology and organic light-emitting diodes (OLEDs) are driving the development of flexible electronic components, while printable solar cells and in-mold electronics (IME) are expanding applications in various industries. In healthcare, flexible sensors and 3D integration facilitate continuous monitoring and real-time health tracking, aiding in the development of prosthetic organs and bone graft substitutes. With the emergence of new materials, the market continues to evolve, catering to diverse consumer electronic devices and organic liquid crystal display (OLCD) technologies.
Capacity expansion plans is one of the key driver that is shaping the market's growth trajectory globally. The printed electronics market, specifically, is witnessing a surge in demand due to its adaptability to various applications and materials. Flexible hybrid electronics, integrating the advantages of both printed electronics, have become a significant factor in driving innovation. Investment opportunities abound in this sector, with a notable number of market players investing in research and development to explore growth opportunities. Screen printing and inkjet printing technologies play a pivotal role in the global printed electronics image market, enabling the efficient production of these solutions.
Aerospace is one of the prominent sectors where flexible electronics find extensive application. The integration of flexible electronics in aerospace solutions provides lightweight and versatile alternatives, addressing the demand for innovation in this industry. Additionally, the Internet of Things (IoT) is driving the penetration ofthese into diverse markets, creating new growth opportunities. In terms of geographical expansion, countries like France, the U.S., Argentina, Brazil, and South Africa are witnessing a notable increase in its adoption. Acquisition is becoming a strategic factor for market players, fostering collaboration and ensuring a competitive edge in this dynamic landscape. In addition to being a facilitator of technological advancements, they are increasingly recognized as a cornerstone for transforming and reshaping electronic markets on a global scale.
The advent of conceptual flexible display products is the primary trend in the global market growth. As flexible displays become more mainstream products, different conceptual-level products will be prototyped. Technology companies such as Samsung, Microsoft, and Apple are innovating and conceptualizing products that are wearable and more integrated with human life. Microsoft and Sony are prototyping screen consoles for their gaming products that provide a more appealing experience for gamers.
Sony and Samsung have launched curved-screen TVs and are now prototyping these TVs with flexible screens. The wearables industry has conceptualized different products using flexible displays and propelled the growth of the market during the forecast period.
Mass production of flexible OLED displays is a major challenge to global market growth. As the market is still in its nascent stage, there is a lack of mass-production plants that can manufacture products at the desired rate. This leads to the lack of commercialization of products and difficulty in achieving economies of scale for companies. Mass production plants are usually located in APAC, whereas most of the research and development or university partnerships occur in the North American market. This leads to a lag between the prototype and product stages.
However, major companies, such as Samsung Electronics Co Ltd (Samsung) and LG Electronics Inc. (LG), have realized the potential of flexible displays and have started making significant investments in production plants in the APAC market. These plants are closely connected with their research and development divisions to ensure that there is no lag between the prototype and product stages. Hence, the above-mentioned factors are expected to hamper the growth of the market in focus during the forecast period.
The market growth and forecasting report includes the adoption lifecycle of the Market forecasting, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence during the market forecast.
Bluesparktechnologies - The company offers flexible electronics under the brand, TempTraq. Also, through this segment, the company offers TempTraq a 24-hour intelligent thermometer and Battery products.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing a surge in innovative applications driven by advancements in technology. Flexible batteries and sensors are revolutionizing various industries, enabling the development of smart packaging solutions with tracking applications. Thin-film transistor (TFT) technology is paving the way for foldable smartphones and other electronic components, while printable solar cells and organic light-emitting diodes (OLEDs) are powering the growth of renewable energy and display technologies. In-mold electronics (IME) are reshaping the landscape of smart wearable technologies, including connected wearables and biomedical devices. These innovations are facilitating real-time human health monitoring, particularly in fields like orthopedic surgery, where flexible electronic sensors and bioelectronic tactile sensors are enhancing prosthetic hands and surgical robotic arms, ensuring precise and efficient operations.
The market share growth by the display segment will be significant during the forecast period. Flexible displays are next-generation thin electronic display screens that are light in weight, foldable, and bendable. These displays can be rolled up without losing their display capabilities, i.e., they can be manipulated without breaking. Thus, flexible displays are more durable than their counterparts, which will increase the market growth during the forecast period.
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The displays segment was valued at USD 13.44 billion in 2017 and continue to grow by 2021. Many of the industry participants are working on the development of flexible displays for smartphones, tablet computers, and advanced consumer electronic devices. Over 60% of smartphones shipped worldwide incorporate flexible display technology. Embedding flexible displays into these devices makes them rugged and almost unbreakable. In addition, the amount of content displayed can be increased with flexible displays. During the forecast period, it is possible that flexible displays will be embedded in a wide range of applications, such as TVs, monitors, fabrics, and medical equipment.
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC will retain its position as a major revenue contributor during the forecast period, mainly due to the presence of major electronic device manufacturers in the region. APAC is a hub for flat-panel TV manufacturers, smartphone manufacturers, tablet manufacturers, and wearable device manufacturers. Most of these manufacturers are based in South Korea, Japan, Taiwan, and China. Moreover, Samsung and LG are the major companies in the market and have introduced curved-panel smartphones. These companies control most parts of the supply chain because of vertical integration. Thus, the contribution of APAC is dominant in the market.
The market is witnessing significant growth driven by innovations in flexible batteries, sensors, and smart packaging. Tracking applications and foldable smartphones are among the emerging trends, alongside advancements like thin-film transistor (TFT) and printable solar cells. Organic light-emitting diodes (OLEDs) and in-mold electronics (IME) are reshaping smart wearable technologies and connected wearables, while 3D Integration in Healthcare is revolutionizing biomedical devices. Flexible sensors enable real-time human health monitoring, particularly in areas like body pressure and orthopedic surgery. Bioelectronic tactile sensors facilitate continuous monitoring, aiding in the development of prosthetic hands and other prosthetic organs and surgical robotic arms. The market's growth is further fueled by advancements in Organic liquid crystal display (OLCD) and the development of new materials.
The market is experiencing rapid expansion, driven by innovations in thin, light, and flexible electronics. Electronic manufacturers, including industry leaders like Intel, are investing heavily in research and development efforts to advance technologies such as 3D printing and nanocomposite-based (M2A3DNC) micro-engineered. These developments enable the production of soft wearable pressure sensors and flexible electronic sensors, which find applications in thermotherapy and monitoring disease-induced physiological irregularities. Additionally, the market benefits from the demand for bone graft substitutes and synthetic bone graft materials, especially in precision machinery and medical sectors. With applications spanning from Military, defense & aerospace to the Consumer electronics vertical, like digital signage solutions and smartphone application, the future of the market holds immense potential for innovation and growth.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.82% |
Market growth 2023-2027 |
USD 20.86 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.01 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 46% |
Key countries |
US, South Korea, Japan, China, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., AU Optronics Corp., Blue Spark Technologies, Buhler AG, Corning Inc., Cymbet Corp., DuPont de Nemours Inc., E Ink Holdings Inc., Enfucell, FlexEnable Ltd., Imprint Energy Inc., Kateeva Inc., Koch Industries Inc., LG Corp., Microchip Technology Inc., Royole Corp., Samsung Electronics Co. Ltd., Shenzhen Radiant Technology Co. Ltd., The Lubrizol Corp., and Visionox Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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