Flexible Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Flexible Electronics and Materials Market Growth and it is segmented by Application (Sensing, Lighting, Display), End User (Consumer Electronics, Automotive, Healthcare, Military and Defense), and Geography.

Flexible Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Flexible Electronics Market Size

Flexible Electronics Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 18.50 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration Low

Major Players

Flexible Electronics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Flexible Electronics Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Flexible Electronics Market Analysis

The flexible electronics market is expected to register a CAGR of 18.5% during the forecast period. Flexible electronics have gained huge popularity with the growing number of applications, including wearables. Also, the advent of flexible batteries and the growing use of flexible sensors in smart packaging and tracking applications are expected to encourage the development of the flexible electronics market throughout the forecast period.

  • Moreover, in March 2021, Toppan Printing developed a flexible thin-film transistor (TFT) that can withstand million bending cycles to a 1 mm radius of curvature and demonstrates advantages for practical application, such as an on/off current ratio of at least 107 with carrier mobility of 10cm2/Vs. This is expected to gain demand for use in foldable smartphones, wearables sensors, smart packaging, medical devices, and more.
  • In addition, foldable smartphones are gaining popularity in the market. For instance, in July 2022, Samsung Electronics announced its latest foldable smartphone series. The latest next-generation foldable smartphones, the Galaxy Z Flip 4 and the Galaxy Z Fold 4, were unveiled during the Galaxy Unpacked online event titled "Unfold Your World."
  • Furthermore, according to BNP Media, by 2030, electronic components will account for 50% of an automobile's total production cost. Earlier this decade, it was only 30%. Progress in thin, light, and flexible electronics is behind a range of innovative technologies, from curved TVs to glucose-monitoring contact lenses. This can lead to the growth of printable solar cells and flexible screens using organic light-emitting diodes (OLEDs).
  • In addition, the advancement of in-mold electronics (IME) and flexible sensors is further expanding the scope of flexible and printed electronics in smart wearable technologies. The growth of wearable devices, especially smart wearable devices, may further expand the market scope over the forecast period. Cisco estimated the number of connected wearables worldwide to surpass 900 million by 2021.
  • The COVID-19 outbreak caused major delays for electronic manufacturers, as suppliers based in China struggled to keep factories running at full capacity. Many electronic manufacturers based in the United States or Europe depend on certain components built by suppliers in China. IPC, an electronic equipment trade organization, ran a survey in February 2020, in which 65% of the 150 electronic manufacturers and suppliers who participated reported delays from suppliers due to the spread of COVID-19.

Flexible Electronics Industry Overview

The flexible electronics market is fragmented. Manufacturers primarily focused on developing efficiency are offering technologically innovative products that provide various benefits related to power efficiency and product design. Enterprise players are investing in R&D to strengthen their market positions. Key market participants include E Ink Holdings Inc., Blue Spark Technologies, Samsung Electronics Co. Ltd, and others.

  • January 2022 - LG Display has revealed its flexible OLED solutions in concept form, including the Virtual Ride indoor stationary bicycle and the Media Chair integrated entertainment center, ahead of CES 2022.
  • June 2021 - Samsung announced the development of a fully flexible OLED display that can adhere to and conform to the skin's surface. To create a flexible display, Samsung developed individual OLED pixels that are ridged but sit on a flexible elastomer surface. The connections between the OLEDs and the traces that connect the display to the driver system are made with a flexible material.

Flexible Electronics Market Leaders

  1. E Ink Holdings Inc.

  2. Blue Spark Technologies​

  3. Samsung Electronics Co. Ltd​.

  4. LG Electronics Inc.​

  5. OLEDWorks LLC​

  6. *Disclaimer: Major Players sorted in no particular order
 E Ink Holdings Inc., Blue Spark Technologies​,  Samsung Electronics Co. Ltd​, LG Electronics Inc.​, OLEDWorks LLC​, Royole Corporation​,  FlexEnable Ltd, PragmatIC Printing Ltd
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Flexible Electronics Market News

  • June 2021 - Samsung has announced the development of an organic light-emitting diode (OLED) display that is skin-attachable and stretches in response to bodily movement. This elastic technology is expected to play a significant role in wearable health devices.

Flexible Electronics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porters Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitutes
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Emerging Need For Lightweight, Mechanically Flexible, and Cost-effective Products
    • 5.1.2 Growing R&D is Expanding the Application Scope
  • 5.2 Market Challenges
    • 5.2.1 High Investment Cost
    • 5.2.2 Complex Assembly Process, Difficult Repair, and Rework

6. MARKET SEGMENTATION

  • 6.1 By Application
    • 6.1.1 Sensing
    • 6.1.2 Lighting
    • 6.1.3 Display
    • 6.1.4 Others Applications
  • 6.2 By End User Industry
    • 6.2.1 Consumer Electronics
    • 6.2.2 Automotive
    • 6.2.3 Healthcare
    • 6.2.4 Military and Defense
    • 6.2.5 Other End User Industries
  • 6.3 By Geography
    • 6.3.1 North America
    • 6.3.2 Europe
    • 6.3.3 Asia Pacific
    • 6.3.4 Rest of the World

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 E Ink Holdings Inc.
    • 7.1.2 Blue Spark Technologies
    • 7.1.3 Samsung Electronics Co. Ltd
    • 7.1.4 LG Electronics Inc.
    • 7.1.5 OLEDWorks LLC
    • 7.1.6 Royole Corporation
    • 7.1.7 FlexEnable Ltd
    • 7.1.8 PragmatIC Inc.
    • 7.1.9 AU Optronics Corp.
    • 7.1.10 Imprint Energy Inc.
    • 7.1.11 BOE Technology Group Co. Ltd
    • 7.1.12 Flexpoint Sensor Systems Inc.
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Flexible Electronics Industry Segmentation

The flexible electronics market is segmented by Applications such as Sensing, Lighting, and Display among various End Users such as Consumer Electronics, Automotive, Healthcare, Military and Defense among multiple geographies. The impact of COVID-19 on the market and affected segments are also covered under the scope of the study. Further, the disruption factors impacting the market's growth in the near future have been covered in the study regarding drivers and restraints.

By Application Sensing
Lighting
Display
Others Applications
By End User Industry Consumer Electronics
Automotive
Healthcare
Military and Defense
Other End User Industries
By Geography North America
Europe
Asia Pacific
Rest of the World
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Flexible Electronics Market Research FAQs

What is the current Flexible Electronics Market size?

The Flexible Electronics Market is projected to register a CAGR of 18.5% during the forecast period (2024-2029)

Who are the key players in Flexible Electronics Market?

E Ink Holdings Inc., Blue Spark Technologies​, Samsung Electronics Co. Ltd​., LG Electronics Inc.​ and OLEDWorks LLC​ are the major companies operating in the Flexible Electronics Market.

Which is the fastest growing region in Flexible Electronics Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Flexible Electronics Market?

In 2024, the Asia Pacific accounts for the largest market share in Flexible Electronics Market.

What years does this Flexible Electronics Market cover?

The report covers the Flexible Electronics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flexible Electronics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Flexible Electronics Industry Report

Statistics for the 2024 Flexible Electronics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Flexible Electronics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.