Flexible Electronics and Materials Market Size was valued at USD 32.9 Billion in 2022. The Flexible Electronics and Materials Market industry is projected to grow from USD 35.9 Billion in 2023 to USD 72.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.20% during the forecast period (2023 - 2032). Growing demand for lightweight and portable devices, as well as wearable devices and IoT integration are the key market drivers enhancing the market growth.
Flexible electronics and materials are extensively used to fabricate electronic devices widely employed in flexible flat panel displays, photovoltaics, medical image sensors, electronic paper, and many more. The increasing adoption of flexible electronics and materials in photovoltaic cells, OLED lighting, displays, solar batteries & memory devices, etc., drives the market growth.Â
Solar cells have positioned themselves as an attractive option to meet today's electricity demand. Solar is an effective, renewable, sustainable, and green energy source that can solve the fuel shortage issues in power generation. Rising uses of flexible electronics and materials in photovoltaics are a major driving force behind the increased market landscape today.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market CAGR for flexible electronics and materials is expanding as a result of the rising need for flexible batteries. Numerous products, including wearable technology, flexible displays, and medical equipment, use flexible batteries. Due to the rising demand for flexible and lightweight electronic gadgets, flexible batteries are anticipated to be used more frequently in the upcoming years. Flexible batteries are used to power medical equipment like patches and sensors. Because they can be quickly incorporated into a device without adding bulk, flexible batteries are perfect for medical equipment. The functionality and usefulness of medical equipment have been enhanced by the use of flexible batteries.
In conclusion, the market for flexible electronics and materials is expanding as a result of the rising need for flexible batteries. Numerous products, including wearable technology, flexible displays, and medical equipment, use flexible batteries. Due to the rising demand for flexible and lightweight electronic gadgets, flexible batteries are anticipated to be used more frequently in the upcoming years.
As innovation produces market changes, large corporations such as Samsung and LG have begun expanding their manufacturing capacity and investing in their manufacturing plants. When compared to prior years, the time required to prototype and gauge manufacturing capacity planning has been reduced to weeks and months. Samsung is constructing manufacturing sites in India to help the Make in India mission. South Korea, Taiwan, China, and India are becoming popular investment destinations for establishing next-generation manufacturing units. These expenditures enable firms to accelerate total product development and reduce time-to-market. As a result, the aforementioned factors are projected to fuel the expansion of the market under consideration over the forecast period.
Different conceptual-level items will be prototyped when flexible displays become more mainstream products. Technology businesses like Samsung, Microsoft, and Apple are creating and conceiving wearable and more integrated with human life products. Microsoft and Sony are developing screen consoles for their gaming goods in order to deliver a more engaging gaming experience. Sony and Samsung have introduced curved-screen televisions and are presently developing prototypes with flexible panels. The wearables sector has developed many devices using flexible displays, propelling market growth throughout the projection period.
The Flexible Electronics and Materials Market segmentation, based on Segments includes Silicon materials, Dielectrics, Sensors, Semiconductors, Contact materials, Presentations. The sensors category dominates the Flexible Electronics and Materials Market. The sensors category is likely to continue dominating the market in the coming years due to increased demand for sensors in various applications such as healthcare, automotive, and consumer electronics. The introduction of flexible sensors has increased the usefulness and performance of these devices.
The Flexible Electronics and Materials Market segmentation, based on Application, includes incorporate medical car, Auto, Buyer gadgets, Military and guard, Biometrics. The biometrics section is the fastest growing segment in the Flexible Electronics and Materials Market. The increasing need for biometric sensors in applications like as security and authentication is propelling the biometrics market forward. The use of flexible biometric sensors has enhanced the accuracy and reliability of biometric authentication systems. The biometrics market is fast rising and is likely to rise further in the future years. The demand for biometric sensors in various applications such as security and authentication is driving the expansion of this segment. The use of flexible biometric sensors has enhanced the accuracy and reliability of biometric authentication systems, which is why it is the fastest expanding segment in the Flexible Electronics and Materials Market.
Figure 1: Flexible Electronics and Materials Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Flexible Electronics and Materials Market area will dominate this market, owing to growth in use of digital & electronic parts in production of various consumer electronic goods. Aside from that, the extensive use of flexible electronics in the healthcare and automotive industries will drive the expansion of the subcontinent's flexible electronics industry in the next years. The growing popularity of technologically advanced gadgets and designer equipment among end-users will have a significant impact on regional market size.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Flexible Electronics and Materials Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Flexible Electronics and Materials Market accounts for the second-largest market share due to the rising popularity of flexible electronics in different industries such as automotive, healthcare, and consumer electronics. Further, the German Flexible Electronics and Materials Market held the largest market share, and the UK Flexible Electronics and Materials Market was the fastest growing market in the European region
The Asia-Pacific Flexible Electronics and Materials Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the presence of a large number of leading consumer electronics firms in the region. Moreover, China’s Flexible Electronics and Materials Market held the largest market share, and the Indian Flexible Electronics and Materials Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Flexible Electronics and Materials Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Flexible Electronics and Materials industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Flexible Electronics and Materials industry to benefit clients and increase the market sector. In recent years, the Flexible Electronics and Materials industry has offered some of the most significant advantages to medicine. Major players in the Flexible Electronics and Materials Market, including Samsung Hardware (South Korea), Cymbet Enterprise (U.S.), Fujifilm Dimatix (U.S.), Hewlett Packard (U.S.) Sun-powered Boondocks (Germany) and others, are attempting to increase market demand by investing in research and development operations.
Eaton Corporation plc is an American Irish international power management corporation formed in the United States with worldwide headquarters in Dublin, Ireland, and a subsidiary administrative centre in Beachwood, Ohio, with 2022 revenues of $20.75 billion. Eaton employs over 92,000 people and offers goods to clients in over 175 countries. In February 2022, Eaton Corporation PLC and LG Electronics collaborated to make flexible household energy management more effective and seamless. Eaton smart breakers and EV charging technologies will sync with LG energy management services, providing essential information and load control for solar and storage applications, according to the deal.
LG Chem Ltd, headquartered in Seoul, South Korea, is the largest Korean chemical company. In terms of sales, it was the world's tenth largest chemical firm in 2017.[Citation required] It started off as the Lucky Chemical Industrial Corporation, which made cosmetics. It is currently solely a business-to-business organization (the consumer products sector was spun off as LG Household & Health Care). The company has eight plants in South Korea and has 29 commercial sites spread across 15 countries. This network includes a Chinese holding company, 14 international production subsidiaries, five marketing subsidiaries, seven representative offices, and two research and development centres.
DuPont (U.S.),
BASF (Germany),
Merck Kgaa (Germany),
ALTANA AG (Germany),
LG Partnership (South Korea),
Samsung Hardware (South Korea),
Cymbet Enterprise (U.S.),
Fujifilm Dimatix (U.S.),
Hewlett Packard (U.S.)
Sun-powered Boondocks (Germany)
June 2023, At InfoComm 2023, Samsung Electronics announced the launch of its new digital signage collection, featuring revolutionary displays that enable businesses to thrive across industries. The Wall for Virtual development is a dedicated display that blends ultra-large LED walls with real-time visual effects technology, lowering content development time and cost. In addition, Samsung debuted the QxC Series Crystal UHD Signage and the LED All-in-One display, as well as achieving carbon footprint certifications for its Smart Signage models, showcasing its dedication to environmental sustainability.
June 2023, Samsung Electronics announced the launch of its new digital signage lineup at InfoComm 2023, featuring revolutionary displays that enable businesses to grow across industries. The Wall for Virtual development is a dedicated display that blends ultra-large LED walls with real-time visual effects technology, decreasing time and expense in content development. In addition, Samsung unveiled the QxC Series Crystal UHD Signage and the LED All-in-One display, as well as receiving carbon footprint certifications for its Smart Signage models, showcasing its dedication to environmental sustainability.
Silicon materials
Dielectrics
Sensors
Semiconductors
Contact materials
Presentations
Incorporate medical car
Auto
Buyer gadgets
Military and guard
Biometrics
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 32.9 Billion |
| Market Size 2023 | USD 35.9 Billion |
| Market Size 2032 | USD 72.6 Billion |
| Compound Annual Growth Rate (CAGR) | 9.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Segments, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | DuPont (U.S.), BASF (Germany), Merck Kgaa (Germany), ALTANA AG (Germany), LG Partnership (South Korea), Samsung Hardware (South Korea), Cymbet Enterprise (U.S.), Fujifilm Dimatix (U.S.), Hewlett Packard (U.S.) Sun-powered Boondocks (Germany) |
| Key Market Opportunities | Printed and adaptable hardware has found widespread use in medical care, consumer electronics, automobiles, and sensors. |
| Key Market Dynamics | Adaptable batteries with broad applications in wearables, electronic materials, versatile hardware, remote sensors, and keen bundling are driving Flexible Electronics and Materials Market interest. |
Flexible Electronics Materials Market Highlights:
Frequently Asked Questions (FAQ) :
The Flexible Electronics and Materials Market size was valued at USD 32.9Billion in 2022.
The global market is projected to grow at a CAGR of 9.20% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Samsung Hardware (South Korea), Cymbet Enterprise (U.S.), Fujifilm Dimatix (U.S.), Hewlett Packard (U.S.) Sun-powered Boondocks (Germany).
The sensors category dominated the market in 2022.
The biometrics had the largest share in the global market.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
