FLEXIBLE HYBRID ELECTRONICS MARKET ANALYSIS

Flexible Hybrid Electronics MarketSize and Trends

The global flexible hybrid electronics (FHE) market size was valued at US$ 125.9 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 10.9% from 2023 to 2030. The global flexible hybrid electronics market is growing at a fast rate due to the technological advancements in this field. Increasing demand for easy and compact products that can detect vital signs such as heart rate, blood pressure, and temperature is driving the demand for flexible hybrid electronics in healthcare.

Global Flexible Hybrid Electronics (FHE) Market Trends:

Growing shift from hard rigid electronic boxes to softer electronics is a major trend

There is a growing shift from hard rigid electronics to softer flexible electronics that can be stretched and curved in antennas, displays, and sensors. As a result, the demand for printed electronics is likely to play an important role. Several universities are conducting research activities for the development of flexible hybrid electronics. The growing shift to flexible softer electronics is likely to be driven by R&D activities in the coming years. Thus, this trend is anticipated to support the market growth over the forecast future.

Increasing miniaturization of electronic gadgets is another trend in the market

Technology vendors are focusing on designing and manufacturing miniaturized gadgets for different applications such as strip thermometers and wearable devices. However, circuits used inside these products can be broken when they get bent in different directions. The R&D activities across universities are increasing to address this problem. Moreover, technology vendors are increasingly finding ways to miniaturize gadgets. Thus, this trend is likely to continue in the global flexible hybrid electronics (FHE) market during the forecast period.