According to Stratistics MRC, the Global Flexible Electronics Market is accounted for $30.7 billion in 2024 and is expected to reach $66.1 billion by 2030 growing at a CAGR of 13.6% during the forecast period.
The flexible electronics market encompasses the production and development of bendable, stretchable, and foldable electronic devices. These include flexible displays, sensors, batteries, and circuits made from materials such as plastic, metal foil, and organic compounds. Key sectors that contribute are consumer electronics, healthcare, and automotive.
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Asia Pacific is also expected to experience the highest growth rate in the flexible electronics market. This rapid growth is driven by increasing investments in emerging technologies, rising demand for consumer electronics, and the expansion of manufacturing capabilities in countries like India and Southeast Asian nations. The region’s focus on innovation, coupled with a growing middle class and increasing adoption of IoT and wearable devices, creates a favorable environment for the accelerated development and adoption of flexible electronics technologies.
Some of the key players in Flexible Electronics market include Samsung Electronics Co., Ltd., LG Display Co., Ltd., Panasonic Corporation, Flex Ltd., E Ink Holdings Inc., Kateeva, Inc., Royole Corporation, PragmatIC Ltd., Ensurge Micropower ASA, Palo Alto Research Center Incorporated (PARC), Blue Spark Technologies, Inc., Cymbet Corporation, Heliatek GmbH, Multi-Fineline Electronix, Inc. (MFLEX), American Semiconductor, Inc., and FlexEnable.
Key Developments:
In March 2024, Samsung secured a patent for another rollable display technology, as they were waiting for the first devices with rollable displays to arrive. Foldable smartphones have been around for quite some time now, but phones with rollable displays—not exactly. The new patent has been submitted to the United States Patent and Trademark Office (USPTO).
In September 2023, Panasonic has developed a new material for flexible printed circuit boards that can be used to create metasurface designs for 6G radio applications as well as wearables and lightweight designs. The Copper Clad Stretch (CCS) flexible printed circuit technology developed by Panasonic can be stretched, unlike conventional copper clad laminates (CCLs). The same resin system is used for both the circuitry layer and the insulative coverlay.
In July 2020, Kateeva reported that Tianma Microelectronics Co., Ltd. (Tianma) has ordered a YIELDjet EXPLORE inkjet printing system to expand its R&D programs for next-generation OLED displays. The new system, which is built for 200mm glass substrates, will be used to develop devices and materials for various new mobile device applications.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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