Flexible Electronics Market

Introduction of the Flexible Electronics Market Report

Flexible electronics refers to the type of electronic devices that allow to build built electronic circuits on flexible substrates, usually plastic, metal foil, paper and flex glass, that make them bendable and stretchable. These electronics are highly used in manufacturing lightweight, bendable, portable, and low-cost electronics such as rollable displays and TVs, e-paper, smart sensors and transparent RFID for sectors including automotive, transportation, consumer electronics, biometrics and healthcare among others.

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Market Dynamic

Key Drivers and Emerging Trends

Rapid industrialization, surge in the consumer electronics sector, and rising consumer demand for light weight, portable and flexible smart electronics products  and wearable devices is expected to drive the growth of the flexible electronics market size. Additionally, increasing preference for flexible display panels in the manufacturing of smartphones, tablets, smartwatches, signage, and televisions for enhanced aesthetic appeal, portability, low cost production, and durability is further propelling the market growth.

Moreover, flexible electronics are utilized in a wide range of both consumer and industrial product segments including smart phones, displays, human and health performance tools, agricultural and environmental sensors, strain gauges in bridges and equipment, security tags, sensor componentry in cars and airplanes, among others. Furthermore, integration of data analytics, Internet of Things (IoT), and artificial intelligence with flexible electronics for enhancing the digital intelligence is anticipated to offer growth opportunities to the market over the forecast period.

Restraint in the Flexible Electronics Market

However, the availability of conventional rigid electronic products is expected to hamper the growth of the flexible electronics market. In addition, time consuming and complex manufacturing process of flexible electronic products and high cost of circuit design, photographic plate, and wiring used in the flexible electronics may further restraint the flexible electronics market growth.

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Application – Segment Analysis

Based on application, the display segment is expected to account for a prominent share in the flexible electronics market owing to the increasing demand for energy-efficient and flexible display-based consumer electronics, the adoption of Organic Light Emitting Diode- (OLED) based flexible displays, and rising application of flexible display in smartphones, laptops, notebooks, desktops, smartwatch, wearable electronics, television, digital signage, e-reader. Moreover, flexible displays are bendable, ultra-thin, shatter-proof, lightweight, portable, unbreakable, and low energy consumption as compared to the conventional display technologies, which further contributes to the market growth.

End-User – Segment Analysis

Based on end-user, the healthcare segment is projected to grow at substantial rate during the forecast period. This can be attributed to the widespread utilization of flexible electronics based biomedical applications including x-ray detectors, light therapies, lab-on-chip devices, medical prosthetics, electronic skin, healthcare photonics, and other health monitoring devices. Additionally, rapid advances in the implementation of sensors and 3D printing in flexible electronic devices for robotics and prosthetic used in the healthcare sector is further stimulating the market growth.

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Regional – Segment Analysis:

Based on region, Asia-Pacific is expected to grow at significant CAGR over the forecast period primarily due to the rising industrialization, increasing demand for consumer electronics including cell phones, smartwatches, television, and laptops, and growth in the electronic manufacturing industry in the region.  Moreover, according to the India Brand Equity Foundation (IBEF), the electronics market in India is expected to increase with a CAGR of 24.4 per cent by 2020. This is expected to support the market growth in the region.

Top Market Players

Several Leading players operating in the market, include, E Ink Holdings Inc., Blue Spark Technologies, Samsung Electronics Co., Ltd​., LG Electronics Inc.​, Imprint Energy, Royole Corporation​, PragmatIC Semiconductor Limited, AU Optronics Corp., FlexEnable Limited, and Elephantech Inc. among others. 

Key Developments:

• • In 2019, FlexEnable Limited, one of the leading companies involved in the development and industrialisation of flexible organic electronics, acquired Merck KGaA’s portfolio of high-performance Organic Thin-Film Transistor (OTFT) materials, including revolutionary and highly-patented organic semiconductors and dielectrics. This is expected to enhance the product portfolio of the company.
  • In 2019, Elephantech Inc. entered into a strategic partnership with Sumitomo Corporation. Under this Agreement, Sumitomo Corporation and Elephantech Inc. will work toward the launch of manufacturing equipment and the mass production of Elephantech’s flexible PCBs.

Segments covered in the Report:

The global Flexible Electronics Market has been segmented on the basis of application, end-user, and key regions. Based on application, the market is segmented into sensing, lighting, display, and others. Based on the end user, the market is segmented into consumer electronics, automotive, healthcare, and military and defence, and others. 

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Key questions answered in this research report:

• • At what pace is global Flexible Electronics Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Flexible Electronics Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Flexible Electronics Market?
  • Which application generated maximum revenues in 2019 and identify the most promising application during the forecast period?
  • What are the various end-users of global Flexible Electronics Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	E Ink Holdings Inc., Blue Spark Technologies, Samsung Electronics Co., Ltd., LG Electronics Inc., Imprint Energy, Royole Corporation, PragmatIC Semiconductor Limited, AU Optronics Corp., FlexEnable Limited, and Elephantech Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Flexible Electronics Market by Application

• • Sensing
  • Lighting
  • Display
  • Others

Global Flexible Electronics Market by End-User

• • Consumer Electronics
  • Automotive
  • Healthcare
  • Military and Defence
  • Others

Global Flexible Electronics Market by Region

• • North America Flexible Electronics Market (Option 1: As a part of the free 25% customization)
    • North America Market by Application
    • North America Market by End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Flexible Electronics Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Application
    • Europe Market by End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Flexible Electronics Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Flexible Electronics Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Application
    • RoW Market by End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Flexible Electronics Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • E Ink Holdings Inc.
  • Blue Spark Technologies
  • Samsung Electronics Co., Ltd​
  • LG Electronics Inc.​
  • Imprint Energy
  • Royole Corporation​
  • PragmatIC Semiconductor Limited
  • AU Optronics Corp
  • FlexEnable Limited
  • Elephantech Inc.