Flexible Electronics Market - Global Industry Analysis

Flexible Electronics Market- By Component (Display, Battery, Sensors, and Memory) and By Application (Automotive, Consumer Electronics, Healthcare, and Industrial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022–2028

Published Date: 23-Mar-2022 Category: Technology & Media Report Format : PDF Pages: 180 Report Code: ZMR-138 Status : Published

The global Flexible Electronics Market accrued earnings worth approximately 13.2 (USD Billion) in 2021 and is predicted to gain revenue of about 30.25 (USD Billion) by 2028, is set to record a CAGR of nearly 21% over the period from 2022 to 2028.

Description

The global Flexible Electronics Market accrued earnings worth approximately 13.2 (USD Billion) in 2021 and is predicted to gain revenue of about 30.25 (USD Billion) by 2028, is set to record a CAGR of nearly 21% over the period from 2022 to 2028. The study provides assessment and analysis of the Flexible Electronics Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Flexible Electronics Market: Outlook

Flexible electronics is a technique used for assembling electronic circuits through mounting of electronic equipment on flexible plastic substrate including transparent conductive polyester, polyimide, and PEEK. These flex circuits can be screen printed silver circuits on polyester. Furthermore, humungous demand for flexible electronics is due to its low manufacturing costs, ruggedness, portability, and light-weight. Moreover, flexible electronics assemblies can be produced through use of identical components utilized for rigid printed circuit boards, thereby helping board to adapt to a required shape. Furthermore, flexible electronics finds plethora of application in gaming & entertainment sectors owing to its ability to roll, curve, fold, flex, and conform.

Flexible Electronics Market: Growth Dynamics

Growth of flexible electronics market over forecasting period is due to surge in sale of connected devices along with favorable policies of government towards use of flexible electronics. In addition to this, rise in portable products and smart electronics goods demand will prompt expansion of flexible electronics industry. Rapid surge in printed electronics will augment growth of flexible electronics industry. Breakthroughs in grid connection, displays, health monitoring system, power integration, and lightning technologies will enlarge scope of flexible electronics market. Escalating demand for compact electronic equipment across various sectors such as defense, automotive, consumer electronics, and healthcare will create new growth avenues for flexible electronics industry.

Moreover, onset of new technologies such as AI and IoT will open new vistas of growth for flexible electronics industry over forecasting timeline. Huge penetration of smart wearable equipment coupled with breakthroughs taking place in in-mold electronics will result in increment of size of flexible electronics market. Surge in acceptance of electronic parts in automotive sector is set to boost flexible electronics industry progression in years to come.                

Global Flexible Electronics Market        

Flexible Electronics Market: Regional Insights

North America To Make Massive Contributions Towards Overall Market Size By 2028

Expansion of flexible electronics market in North America over forecasting timespan is owing to surge in use of digital & electronic parts in production of various consumer electronic equipment. Apart from this, immense use of flexible electronics in healthcare and automotive sectors will steer growth of flexible electronics industry in sub-continent over upcoming years. Escalating popularity of technologically advanced devices and designer equipment among end-users will account majorly towards regional market size.

Flexible Electronics Market: Competitive Insights

Some of the major participants have lucratively influenced growth of flexible electronics market and is likely to impact it even in foreseeable future. They are Solar Frontier Kabushiki Kaisha, Samsung Electronics Co., Ltd., Multi-Fineline Electronix, Inc., Pragmatic Printing Ltd., The 3M Company, PARC, LG Corporation, Thinfilm Electronics ASA, and Cymbet Corporation, Inc.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Breakthroughs Witnessed in Flexible Electronics Market

Effective strategies adopted by business players have played a key role in growth of flexible electronics market in recent years. Let us discuss a few of them and roles played by these players in leveraging industry growth:

  • In September 2021, LG Chemical developed novel technology that can be utilized for foldable displays by using new material tools as well as coating technologies. This will help the firm enter & expand into next-generation materials industry within next few years.
  • In February 2022, Eaton Corporation PLC and LG Electronics joined hands to facilitate effective & seamless operations of flexible household energy management. As per the agreement, Eaton smart breakers & EV charging technology will sync with LG energy management services, thereby offering critical information & load management for solar & storage applications.

The global Flexible Electronics Market is segmented as follows:

By Component

  • Display
  • Battery
  • Sensors
  • Memory

By Application

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global flexible electronics market, 2015 – 2021 (USD Million)
    • 2.2. Global flexible electronics market : Snapshot
  •  
  • Chapter 3. Flexible Electronics – Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global flexible electronics market drivers: Impact analysis
      • 3.2.2. High demand for consumer electronics
      • 3.2.3. Rising demand for compact & energy efficient electronics
    • 3.3. Market restraints
      • 3.3.1. Global flexible electronics market restraints: Impact analysis
      • 3.3.2. Increasing competition with newest technologies
    • 3.4. Opportunities
      • 3.4.1. Penetration in multiple applications such as military, digital signage & energy harvesting
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by component segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Flexible Electronics Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global flexible electronics market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Component Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Component and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. product Portfolio
    • 4.5. Patent Analysis (2011-2016)
      • 4.5.1. Patent Trend
      • 4.5.2. Patent Share by company
      • 4.5.3. By Region
  •  
  • Chapter 5. Global Flexible Electronics Market – Component Segment Analysis
    • 5.1. Global flexible electronics market: component overview
      • 5.1.1. Global flexible electronics market revenue share, by component, 2015 and 2021
    • 5.2. Displays
      • 5.2.1. Global displays market , 2015 – 2021(USD Million)
    • 5.3. Battery
      • 5.3.1. Global battery market , 2015 – 2021(USD Million)
    • 5.4. Sensors
      • 5.4.1. Global sensors market , 2015 – 2021(USD Million)
    • 5.5. Memory
      • 5.5.1. Global memory market , 2015 – 2021(USD Million)
  •  
  • Chapter 6. Global Flexible Electronics Market – Application Segment Analysis
    • 6.1. Global flexible electronics market: Application overview
      • 6.1.1. Global flexible electronics market revenue share, by application, 2015 and 2020
    • 6.2. Automotive
      • 6.2.1. Global flexible electronics market for automotive, 2015 – 2021 (USD Million)
    • 6.3. Consumer Electronics
      • 6.3.1. Global flexible electronics market for consumer electronics, 2015 – 2021(USD Million)
    • 6.4. Healthcare
      • 6.4.1. Global flexible electronics market for healthcare, 2015 – 2021 (USD Million)
    • 6.5. Industrial
      • 6.5.1. Global flexible electronics market for industrial, 2015 - 2021(USD Million)
  •  
  • Chapter 7. Global Flexible Electronics Market – Regional Segment Analysis
    • 7.1. Global flexible electronics market: Regional overview
      • 7.1.1. Global flexible electronics market revenue share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America flexible electronics market revenue, by component , 2015 – 2021(USD Million)
      • 7.2.2. North America flexible electronics market revenue, by application, 2015 – 2021(USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. flexible electronics market revenue, by component , 2015 – 2021(USD Million)
        • 7.2.3.2. U.S. flexible electronics market revenue, by application, 2015 – 2021(USD Million)
    • 7.3. Europe
      • 7.3.1. Europe flexible electronics market revenue, by component , 2015 – 2021(USD Million)
      • 7.3.2. Europe flexible electronics market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany flexible electronics market revenue, by component , 2015 – 2021(USD Million)
        • 7.3.3.2. Germany flexible electronics market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.4. France
        • 7.3.4.1. France flexible electronics market revenue, by component , 2015 – 2021(USD Million)
        • 7.3.4.2. France flexible electronics market revenue, by application, 2015 – 2021(USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK flexible electronics market revenue, by component , 2015 – 2021(USD Million)
        • 7.3.5.2. UK flexible electronics market revenue, by application, 2015 – 2021(USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific flexible electronics market revenue, by component , 2015 – 2021, (USD Million)
      • 7.4.2. Asia Pacific flexible electronics market revenue, by application, 2015 – 2021, (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China flexible electronics market revenue, by component , 2015 – 2021(USD Million)
        • 7.4.3.2. China flexible electronics market revenue, by application, 2015 – 2021(USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan flexible electronics market revenue, by component , 2015 – 2021(USD Million)
        • 7.4.4.2. Japan flexible electronics market revenue, by application, 2015 – 2021(USD Million)
      • 7.4.5. India
        • 7.4.5.1. India flexible electronics market revenue, by component , 2015 – 2021(USD Million)
        • 7.4.5.2. India flexible electronics market revenue, by application, 2015 – 2021(USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America flexible electronics market revenue, by component , 2015 – 2021(USD Million)
      • 7.5.2. Latin America flexible electronics market revenue, by application, 2015 – 2021(USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil flexible electronics market revenue, by product, 2015 – 2021(USD Million)
        • 7.5.3.2. Brazil flexible electronics market revenue, by application, 2015 – 2021 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa flexible electronics market revenue, by product, 2015 – 2021 (USD Million)
      • 7.6.2. Middle East and Africa flexible electronics market revenue, by application, 2015 – 2021(USD Million)
  •  
  • Chapter 8. Company Profile
    • 8.1. AT&T
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Verizon Communications Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. MiX Telematics Ltd.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Trimble Navigation Limited
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. TomTom
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. OnStar LLC.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. BMW
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Verizon
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Telefonica
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global flexible electronics market revenue, 2015 - 2021(USD Million) 
4. Porter’s five forces analysis
5. Flexible electronics: market attractiveness analysis, by component  segment
6. Flexible electronics: Market attractiveness analysis, by application segment
7. Flexible electronics: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2015 and 2021
9. Price Trend Analysis : Flexible electronics
10. Patent trend between 2011 -2016
11. Patent share by company between 2011 - 2016
12. Patent share by region between 2011 - 2016
13. Global flexible electronics market revenue share by component , 2015 and 2021
14. Global displays market, 2015 – 2021 (USD Million)
15. Global battery market, 2015 – 2021 (USD Million)
16. Global sensors market, 2015 – 2021 (USD Million)
17. Global memory market, 2015 – 2021 (USD Million)
18. Global flexible electronics market revenue share by application, 2015 and 2021
19. Global flexible electronics market for automotive, 2015 – 2021, (USD Million) 
20. Global flexible electronics market for consumer electronics, 2015 – 2021, (USD Million) 
21. Global flexible electronics market for healthcare, 2015 – 2021, (USD Million) 
22. Global flexible electronics market for industrial, 2015 – 2021, (USD Million)


Table Of Tables

List of Tables

1. Flexible electronics market: Market snapshot
2. Drivers of global flexible electronics market: Impact analysis 
3. Restraints of global flexible electronics market: Impact analysis  
4. North America flexible electronics market revenue, by component , 2015 – 2021(USD Million) 
5. North America flexible electronics market revenue, by application, 2015 – 2021(USD Million) 
6. U.S. flexible electronics market revenue, by component , 2015 – 2021(USD Million) 
7. U.S. flexible electronics market revenue, by application, 2015 – 2021(USD Million) 
8. Germany flexible electronics market revenue, by component , 2015 – 2021(USD Million)
9. Germany flexible electronics market revenue, by application, 2015 – 2021(USD Million)
10. France flexible electronics market revenue, by component , 2015 – 2021(USD Million) 
11. France flexible electronics market revenue, by application, 2015 – 2021(USD Million)
12. UK flexible electronics market revenue, by component , 2015 – 2021(USD Million) 
13. UK flexible electronics market revenue, by application, 2015 – 2021(USD Million)
14. Asia Pacific flexible electronics market revenue, by component , 2015 – 2021(USD Million) 
15. Asia Pacific flexible electronics market revenue, by application, 2015 – 2021(USD Million) 
16. China flexible electronics market revenue, by component  2015 – 2021(USD Million) 
17. China flexible electronics market revenue, by application 2015 – 2021(USD Million)
18. Japan flexible electronics market revenue, by component , 2015 – 2021(USD Million)
19. Japan flexible electronics market revenue, by application, 2015 – 2021(USD Million)
20. India flexible electronics market revenue, by component , 2015 – 2021(USD Million)
21. India flexible electronics market revenue, by application, 2015 – 2021(USD Million)
22. Latin America flexible electronics market revenue, by component , 2015 – 2021(USD Million) 
23. Latin America flexible electronics market revenue, by application, 2015 – 2021(USD Million) 
24. Brazil flexible electronics market revenue, by component , 2015 – 2021(USD Million)
25. Brazil flexible electronics market revenue, by application, 2015 – 2021(USD Million)
26. Middle East and Africa flexible electronics market revenue, by component , 2015 – 2021(USD Million)
27. Middle East and Africa flexible electronics market revenue, by application, 2015 – 2021(USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Flexible Electronics market. Zion Research has collected and analyzed key data belong to the global Flexible Electronics market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Flexible Electronics across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Flexible Electronics industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Flexible Electronics market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Flexible electronics also known as flex circuits is a technology for assembling a flexible electronic device Flex circuits are often used as connectors in a variety of applications including flexibility, space savings, or production constraints, limit the serviceability of rigid circuit boards or hand wiring. A general application of flex electronics is in computer keyboards. Flexible electronic devices are lightweight & compact, ultra-thin, generate low heat and consume little energy.

The flexible electronics market is primarily driven by individual features of flexible circuits and increasing consumer goods industry. The global flexible electronics market is expected to show rapid growth due to the continuous technological development and high demand in consumer electronics market. Moreover, Consumer electronic devices like smart watches, smart glasses, smartphones, e-books, and e-papers are creating demand for flexible electronics devices. However, increasing competition from newest technologies such as printed electronics LCD, LED, etc.  may limit the flexible electronics market growth. Nonetheless, high penetration in multiple applications such as military, digital signage & energy harvesting applications is expected to open new growth avenues for the market.

Global Flexible Electronics Market

Based on components, the global flexible electronics market is segmented into displays, battery, sensors and memory. Display component segment dominated the flexible electronics market in terms of revenue and accounted for over 48% share of the overall market in 2015. The battery segment is expected to witness  moderate growth rate over the forecast period.

Some of the key application segment in flexible electronics market includes automotive, consumer electronics, healthcare and industrial applications. Consumer electronics segment dominated the flexible electronics market in 2015, which accounted for 52% market share of the total market. It is expected to grow at a significant rate over the next few years. Healthcare segment is expected to witness a steady growth during the forecast period. The automotive and industrial segment is also expected to grow at substantially over the next few years.

In terms of geography, North America is one of the largest markets for flexible electronic in the world and accounted for over 28% share of the total market in 2015. Europe is also expected grow at a moderate rate in the years to come. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period.

Some of the key players in the flexible electronic market include Samsung, Pragmatic Printing Ltd., PARC, Thinfilm Electronics ASA, Solar Frontier K.K., LG Corporation, 3M, Multi-Fineline Electronix, Inc., and Cymbet Corporation, Inc.

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FrequentlyAsked Questions

Growth of Flexible Electronics Market over forecasting timeline is owing to surge in sale of connected devices along with favorable policies of government towards use of flexible electronics.   

According to Zion market research report, The global Flexible Electronics Market accrued earnings worth approximately 13.2 (USD Billion) in 2021 and is predicted to gain revenue of about 30.25 (USD Billion) by 2028, is set to record a CAGR of nearly 21% over the period from 2022 to 2028.

North America will contribute lucratively towards the global market revenue over the projected timespan. The regional market surge is due to prominent use of digital & electronic parts in production of various consumer electronic equipment.      

The key industry participants leveraging business landscape include Solar Frontier Kabushiki Kaisha, Samsung Electronics Co., Ltd., Multi-Fineline Electronix, Inc., Pragmatic Printing Ltd., The 3M Company, PARC, LG Corporation, Thinfilm Electronics ASA, and Cymbet Corporation, Inc.

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