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| Global Flexible Electronics Market |
The global Flexible Electronics Market is estimated to be valued at US$ 30.71 Bn in 2023 and is expected to
exhibit a CAGR of 12% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Flexible electronics products refer to electronic devices that are thin, lightweight,
durable, flexible and foldable. Such electronics find applications in various
end-use industries like consumer electronics, automotive, healthcare, aviation
among others. Their flexible nature allows them to fit into curved surfaces or
bend without compromising on functionality. Some key advantages of flexible
electronics are - they are extremely lightweight compared to rigid PCBs, can be
rolled, folded or bent easily, provide design flexibility, and their thinness
allow them to be incorporated into many existing products. Owing to these
properties, flexible electronics are increasingly being used in smart
packaging, wearable devices, curved & foldable displays, and eco-friendly
photovoltaic systems.
Market key trends:
One of the major trends in the Global
Flexible Electronics Market is the rising use of organic thin-film
transistors (OTFT). OTFTs are made from organic semiconductors that provide
flexibility, transparency and low-cost manufacturing. Leading players are
extensively focused on advancing OTFT technology for applications like bendable
OLED displays, electronic skin and smart labels. Another key trend is the
growing demand for flexible hybrid electronics (FHE). FHE combine the
functionality of rigid and flexible electronic components on a single soft,
bendable platform. They enable new form factors and are revolutionizing areas
like smart medical instruments, wearables and VR interfaces. Furthermore,
advances in printed or printed flexible electronics is also gaining attention.
Printed electronics refers to fabrics, textiles or paper embedded with
electronics through printing. This technology enables large-area, lightweight,
low-cost production suitable for e-textiles and skin patches."
Porter's Analysis
Threat of new entrants: Low-medium due to high initial capital requirement for
R&D and manufacturing infrastructure. However, threat may increase due to
reducing entry barriers in the future.
Bargaining power of buyers: Medium-high as buyers can negotiate on price and
demand high quality products. Their demand drives innovation in the market.
Bargaining power of suppliers: Low-medium as raw material suppliers have
limited influence due to availability of substitutes and commoditization of
components.
Threat of new substitutes: Medium as new emerging technologies like printed
electronics possess potential to disrupt the market.
Competitive rivalry: High due to presence of numerous global and regional
players competing on product design, technology and price.
Key Takeaways
The global flexible electronics market is expected to witness high growth,
exhibiting CAGR of 12.% over the forecast period, due to increasing demand for
wearable devices andadvancements in printed electronics technology. The market
size for flexible electronics is estimated to reach US$ 130.23 Bn by 2030 from US$ 30.71 Bn in 2023.
Regional analysis indicates that Asia Pacific currently dominates the market
due to strong manufacturing base in China, South Korea, and Japan. Countries
like India are also expected to offer high growth opportunities owing to
supportive government policies. North America is projected to witness steady
growth due presence of prominent technology companies. Meanwhile, Europe is
foreseen to offer lucrative opportunities driven by automotive and healthcare
industries in Germany, UK and France.
Key players operating in the flexible electronics market are Au Optronics
Corp., Blue Spark Technologies, Cymbet Corporation, E Ink Holdings Inc.,
Enfucell Softbattery, Imprint Energy Inc., LG Electronics, and Palo Alto
Research Center Incorporated. Major players are focusing on developing
innovative products, expanding manufacturing facilities and collaborating with
OEMs to strengthen their market position.
Read More: https://www.trendingwebwire.com/flexible-electronics-market-size/