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Flexible Electronics - Global Market Trajectory & Analytics

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    Report

  • 120 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2228033

Global Flexible Electronics Market to Reach $44.8 Billion by 2026


Flexible electronics is a technology that allows fabrication of electronic circuits on flexible substrates, thus making them bendable and stretchable. Flexible electronics is a progressive technology that aims to facilitate development of electronic systems in folded, curved, rolled, bent and stretched designs, while addressing the issues and challenges persisting in manufacture of miniature, compact and portable devices. Initially perceived as a futuristic concept, flexible electronics is gradually making its presence felt in various application markets. Flexible electronics integrate flexible passive components and active components in electronic system processing and are made in various forms such as displays, batteries, sensors, memory and photovoltaics (PV) among others. With the exception of the substrate itself, which needs to be flexible, flexible electronics can be manufactured by using similar materials and components as used for rigid large-area electronics. Flexible electronics generally use ultra-thin and ultra-light substrates such as plastic films, glass, metal foils, and fabrics.

Amid the COVID-19 crisis, the global market for Flexible Electronics estimated at US$22 Billion in the year 2022, is projected to reach a revised size of US$44.8 Billion by 2026, growing at a CAGR of 18.6% over the analysis period. Electronic Displays, one of the segments analyzed in the report, is projected to grow at a 18.1% CAGR to reach US$31.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Batteries segment is readjusted to a revised 22.2% CAGR for the next 7-year period. This segment currently accounts for a 4.8% share of the global Flexible Electronics market. The strong demand for flexible displays is expected to increase the penetration of e-paper displays in applications requiring flexible screens capable of surviving under external stress. In addition, flexible e-paper displays hold an immense potential to revolutionize designs of electronic systems as well as make them more portable and durable. The e-paper display market is anticipated to receive a major impetus from adoption of flexible displays with wider viewing angles. Flexible batteries are gaining traction amid growing emphasis on innovative battery solutions incorporating energy-efficient, compact, extended lifetime, and shorter charging cycle features.

The U.S. Market is Estimated at $3.8 Billion in 2022, While China is Forecast to Reach $18.1 Billion by 2026


The Flexible Electronics market in the U.S. is estimated at US$3.8 Billion in the year 2022. The country currently accounts for a 18.11% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$18.1 Billion in the year 2026 trailing a CAGR of 22.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.3% and 15.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR while Rest of European market (as defined in the study) will reach US$21.5 Billion by the close of the analysis period.

Large-scale governmental R&D funding programs in countries such as Japan, China, Taiwan, South Korea and the EU along with sustained R&D efforts from research entities and electronics & material technologies enterprises is poised to drive momentum in the market. On the other hand, increased emphasis on low-footprint, ultra-thin, low-volume materials in electronics manufacturing, and expected proliferation of next generation technologies such as wearables, smart healthcare products, and advanced PV platforms would steer momentum in the market. The market would remain a key beneficiary to increased appetite among electronics manufacturers towards enhancing design and functionality of smartphones, tablets and TVs with unique flexible solutions. At the same time, flexible electronics stand to benefit from growing interest in `Smart` concepts such as `Smart City`, `Smart Home`, `Smart Building`, and `Smart Factory`, all of which leverage a sensor-driven, inter-connected Internet of Things (IoT) environment encompassing various electronic solutions lounging in the building or area. The IoT environment typically requires low-power and low-footprint electronic solutions with extended battery life and economical and eco-friendly operation. Flexible electronics can fully suffice these requirements to be a highly viable platform for IoT roll out programs.

Consumer Electronics End-Use Segment to Reach $29.1 Billion by 2026


Consumer electronics constitutes the largest end-use sector for flexible electronics, primarily because of increased use of flexible displays in the thriving product markets of smartphones, tablets, and LED and OLED TVs. At the same time, increased consumer penchant for wearable devices such as smart watches and smart glasses is steering demand for flexible electronics within the consumer electronics segment. Wearables, finding use in healthcare, fitness and activity monitoring applications for monitoring health, tracking heart rate, sleep, and physical activity and also for infotainment applications, are expected to be the primary device category for future growth of flexible electronics. Consumer Electronics end-use segment is estimated at US$13.8 Billion in 2022, and is projected to reach US$29.1 Billion by 2026 reflecting a compounded annual growth rate of 19.9% over the analysis period. China constitutes the largest regional market for Consumer Electronics segment, accounting for 35.4% of the global sales. China is poised to register the fastest compounded annual growth rate of 23.6% over the analysis period, to reach US$14.9 Billion by the end of the analysis period.

Select Competitors (Total 61 Featured):

  • 3M Company
  • BASF SE
  • Blue Spark Technologies
  • BrightVolt, Inc.
  • Cymbet Corporation
  • Dai Nippon Printing Co., Ltd.
  • E Ink Holdings, Inc.
  • Fujikura Ltd.
  • Japan Display Inc.
  • LG Electronics, Inc.
  • Multi-Fineline Electronix, Inc. (MFLEX)
  • Nippon Mektron, Ltd.
  • Nitto Denko Corporation
  • Plastic Logic Germany
  • Pragmatic Printing Ltd.
  • Samsung Electronics Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Thin Film Electronics ASA
  • Zhen Ding Technology Holding Limited (ZDT)

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Flexible Electronics

What is the estimated value of the Global Market for Flexible Electronics?

The Global Market for Flexible Electronics was estimated to be valued at $22 Billion in 2022.

What is the growth rate of the Global Market for Flexible Electronics?

The growth rate of the Global Market for Flexible Electronics is 19.5%, with an estimated value of $44.8 Billion by 2026.

What is the forecasted size of the Global Market for Flexible Electronics?

The Global Market for Flexible Electronics is estimated to be worth $44.8 Billion by 2026.

Who are the key companies in the Global Market for Flexible Electronics?

Key companies in the Global Market for Flexible Electronics include 3M Company, BASF SE, Blue Spark Technologies, BrightVolt, Inc., Cymbet Corporation, Dai Nippon Printing Co., Ltd., E Ink Holdings, Inc., Fujikura Ltd. and LG Electronics, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Virus Led Economic Recession Impacts Prospects for Industrial Electronics
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Printed Electronics to Have Short-term Dip Owing to Covid-19
  • Flexible Electronics Open Up Innumerable Opportunities for Healthcare Wearables
  • Flexible Electronics: An Introductory Prelude
  • Substrate Materials Used in Flexible Electronics
  • Application Segments
  • End-Use Sectors
  • Recent Market Activity
  • Wide Addressable Market Sustains Growth Opportunities
  • Asia-Pacific: An Important Regional Market
  • Developed Regions to Remain Key Revenue Contributors
  • Flexible Electronics - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Stretchable Sensors and Electronics Grow in Prominence
  • Material and Design Advancements Enable Stretchable Interconnects in Flexible Circuits
  • New Stretchable Materials Expand Potential of Design Innovations
  • Smart Products Drive Growth of Flexible Hybrid Electronics
  • Flexible Inorganic Bioelectronics: A Rapidly Evolving Field
  • Production of Flexible and Stretchable Inorganic Devices
  • Emerging Innovative Applications in Bioelectronics
  • Growing Role of Electronics in Bioelectronic Medicine Presents New Opportunities
  • Advances in Organic Electronics and Flexible Sensors Extend Application of Flexible Electronics in Soft Robotics
  • Flexible Displays Drive Momentum in the Flexible Electronics Market
  • Global Displays Market by Type (2018 & 2024): Percentage Breakdown of Dollar Shipments for Conventional Displays and Flexible Displays
  • Global Flexible Displays Market by Application: 2019
  • OLEDs Emerge as a Key Segment
  • Global Flexible Display Market by Type: 2019
  • E-paper Seeks Role in Flexible Displays Domain
  • Soaring Demand for Advanced Consumer Electronics Accelerates Market Growth
  • Growing Number of Consumer Electronics Users Bodes Well for Future Market Prospects
  • Smartphones: A Fast Growing Market for Flexible Electronics
  • Global Smarphone Shipments by Display Technology: 2019 and 2025
  • Global Smartphone Flexible Displays Market by Type (2022): Percentage Breakdown of Unit Shipments for Curved & Bendable and Foldable Displays
  • Global Smartphone Sales in Million Units: 2010-2021
  • Other Major Consumer Electronic Markets
  • Opportunity Indicator: Global PC Shipments (In Million Units) for the Years 2017, 2018, 2019, 2021 & 2023
  • Expanding Role of Electronics in the Healthcare Sector to Drive Demand
  • Digital Transformation Catalyzed by the Pandemic Provides the Perfect Platform for Growth in the Post COVID-19 Period.
  • Global Medical Devices Industry (In US$ Billion) for the Years 2000, 2023 & 2025
  • Robust Outlook for Wearables to Benefit Flex Circuit Demand
  • Global Wearables Shipments (in Million Units): 2014-2022
  • Vital Role of Flexible Sensors in Emerging IoT Applications
  • Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • Increased Investments on Smart Cities to Generate Opportunities
  • Global Smart Cities Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Rising Demand for Portable Devices Drives Flexible Batteries Market
  • Flexible Electronics Seek Role in Automotive Industry
  • World Automobile Production in Million Units: 2008-2022
  • Flexible PV Technologies Make a Cut
  • Growing Interest on Building Integrated Photovoltaics Augurs Well for Market Growth
  • Impact of COVID-19 on Solar Power Market
  • COVID-19 Impact on Solar Power Market: Solar PV Installed Capacity (in GW) in China for the Period Q1 2019 to Q1 2020
  • Roll-to-Roll (R2R) Emerges as Viable Processing Technology
  • Key Benefits Offered Drive Deployment of R2R Technology
  • Graphene: A Potent Material for Flexible, Foldable and Stretchable Electronic Devices
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Advancements in Electronics Manufacturing Present Growth Opportunities
  • Amidst COVID-19 Pandemic, Flexible Electronics Set for Bigger Role in the Healthcare Sector
  • Defense Department Exhibits Growing Interest in Flexible Electronics
  • NASA Eyes Flexible Printed Circuits for Future Missions
CANADA
JAPAN
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
CHINA
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Flexible Displays: The Dominant Market Segment
  • Rising Wearable Technology Adoption Pushes Demand for Flexible Electronics
EUROPE
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
FRANCE
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview
ITALY
UNITED KINGDOM
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Established Electronics Sector Extends Opportunities
SOUTH KOREATAIWAN
REST OF ASIA-PACIFIC
  • South Korea
  • Taiwan
LATIN AMERICA
  • Flexible Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 61

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • BASF SE
  • Blue Spark Technologies
  • BrightVolt, Inc.
  • Cymbet Corporation
  • Dai Nippon Printing Co., Ltd.
  • E Ink Holdings, Inc.
  • Fujikura Ltd.
  • Japan Display Inc.
  • LG Electronics, Inc.
  • Multi-Fineline Electronix, Inc. (MFLEX)
  • Nippon Mektron, Ltd.
  • Nitto Denko Corporation
  • Plastic Logic Germany
  • Pragmatic Printing Ltd.
  • Samsung Electronics Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Thin Film Electronics ASA
  • Zhen Ding Technology Holding Limited (ZDT)