Flexible Electronics Market, By Component (Flexible Display, (OLED, E-paper, LCD), Flexible Battery, Flexible Sensor, (Biosensors, CMOS Hybrid Sensors, Photo Detectors, Piezo Resistive, Others), Flexible Memory, and Flexible Photovoltaics), By Application (Consumer Electronics, Automotive, Medical & Healthcare, Energy & Power, Aerospace & Defense, and Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jun 2023

Code : CMI5904

Pages :155

Formats :

Excel and PDF

Industry : Semiconductors

Flexible Electronics MarketSize and Trends

The global flexible Electronics market size was valued at US$ 27.42 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 12% from 2023 to 2030. The global flexible electronics market is expected to grow significantly during the forecast period due to technological advancements and rising consumer demand for compact electronic devices. Additionally, the use of flexible display technologies in wearable’s is propelling the growth of this market. In addition, the development of stretchable and foldable electronic components offers significant opportunities for manufacturers to develop innovative products in the market.

Global Flexible Electronics Market Trends:

Use of 3D technology in Healthcare is a recent trend

The advancements in 3D printing are increasing, and it is now offering various applications, which includes use of flexible electronic devices that are 3D printed in the Healthcare industry. Biomedical devices can be printed directly onto the human skin with the use of 3D printers. It can also help in building flexible electronic sensors to measure body pressure. With the use of these printers, sensations in surgical robotic arms and prosthetic hands can be improved. Thus, this trend is likely to grow in the global flexible electronics market in the coming future.

Demand for wearable devices is a growing trend in the market

The use of printed displays is increasing rapidly in the consumer electronics industry for various devices including wearable devices, mobile devices, monitoring devices, and display screens. The need for highly flexible and thin displays for such applications is leading to manufacturers developing printed displays that are further produced primarily using organic light-emitting diodes technology. With changing lifestyles and growing disposables incomes, the demand for wearable devices is increasing all over the world. This trend is expected to support growth of the global flexible electronics market over the forecast period.

Figure 1: Global Flexible Electronics Market Share (%), in terms of Value, By Region, 2022