The Global Flexible Electronics Market size is expected to reach $46.0 billion by 2030, rising at a market growth of 8.0% CAGR during the forecast period.
Flexible display technologies, such as organic light-emitting diodes (OLEDs) and thin-film transistors (TFTs), are used in instrument clusters, infotainment systems, and center consoles. Therefore, the automotive segment captured $1,980.12 million revenue in the market in 2022. Capacitive touch sensors, flexible touchscreens, and haptic feedback systems are integrated into surfaces like steering wheels, armrests, and door panels. Thus, the segment will expand rapidly in the upcoming years.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, in February, 2023, Samsung Electronics Co., Ltd. formed a partnership with Qualcomm Technologies, Inc. Under this partnership, the Snapdragon 8 Gen 2 Mobile Platform was incorporated into the Galaxy S23 series by Samsung. Additionally, In December, 2020, E Ink Holdings, Inc. came into a partnership with Plastic Logic Germany GmbH. Under this partnership, the companies offered flexible colour displays produced using the Advanced Colour ePaper (ACeP) technology of E Ink.
Based on the Analysis presented in the KBV Cardinal matrix; Samsung Electronics Co., Ltd. (Samsung Group) is the forerunner in the market. In February, 2024, Samsung Electronics Co., Ltd. joined hands with Arm Limited, a British semiconductor and software design company. Under this collaboration, the companies developed the next-generation Arm Cortex-X CPU based on the Gate-All-Around (GAA) process technology of Samsung Foundry. Companies such as General Electric Company, LG Electronics, Inc. (LG Corporation), CCL Industries, Inc. are some of the key innovators in the market.
Market Growth Factors
In the realm of technological progress, the field of flexible electronics is witnessing remarkable strides. Engineers and researchers are consistently finding ways to enhance the capabilities of flexible electronic devices, making them more versatile in their applications and improving overall efficiency. Therefore, these factors will assist in the growth of the market.
Additionally, the growth in flexible electronics is closely tied to consumer preferences for innovative and cutting-edge technologies. Wearables with flexible components represent a departure from traditional rigid devices, appealing to consumers seeking novel and advanced features. Wearable devices seamlessly integrate into users' daily lives, becoming integral accessories rather than standalone gadgets. Hence, these factors will lead to their increased demand.
Market Restraining Factors
The development of flexible electronic components involves intricate manufacturing processes that go beyond traditional methods. Techniques such as roll-to-roll printing, flexible hybrid electronics (FHE), and additive manufacturing are crucial but inherently complex. This complexity can lead to challenges in process control, quality assurance, and achieving consistent outcomes. Thus, these factors can lead to their decreased demand.
By Component Analysis
On the basis of component, the market is divided into flexible display, flexible battery, flexible sensors, flexible memory, and flexible photovoltaics. The flexible battery segment procured 9.1% revenue share in the market in 2022. The demand for smaller, lightweight, and more portable electronic devices, especially wearables like smartwatches, fitness trackers, and medical monitoring devices, has fueled the growth of flexible batteries.
By Application Analysis
Based on application, the market is segmented into consumer electronics, automotive, medical & healthcare, energy & power, aerospace & defense, and others. The consumer electronics segment held 51.3% revenue share in the market in 2022. Adopting flexible displays in smartphones has been a major driver for the consumer electronics segment.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment acquired 29.1% revenue share in the market. North America, particularly the United States, is known for its strong focus on technological advancements. Research and development activities, especially in areas like flexible displays, sensors, and wearables.
Recent Strategies Deployed in the Market
- Feb-2024: Samsung Electronics Co., Ltd. joined hands with Arm Limited, a British semiconductor and software design company. Under this collaboration, the companies developed the next-generation Arm Cortex-X CPU based on the Gate-All-Around (GAA) process technology of Samsung Foundry.
- Jan-2024: Blue Spark Technologies, Inc. unveiled the multi-sensor remote patient monitoring platform, VitalTraq. The new product has the features of a sign measurement sensor and Photoplethysmography (rPPG). The new product assists in collecting the digital measurements of the human body through a 30 to 60 second selfie scan.
- Dec-2023: Palo Alto Networks, Inc. completed the acquisition of Talon Cyber Security Ltd., an Israel-based provider of cybersecurity technologies. Through this acquisition, the Enterprise Browser of Talon was integrated with Prisma SASE of Palo Alto Networks. Additionally, the acquisition helped the customers access business applications and deliver other experiences simultaneously.
- Dec-2023: Palo Alto Networks, Inc. completed the acquisition of Dig Security Solutions Ltd., a cloud data security startup. Through this acquisition, the cutting-edge abilities of Dig Security were combined with the Prisma Cloud platform of Palo Alto Networks. Additionally, the acquisition provided the organizations with real-time data protection over the cloud.
- Oct-2023: AU Optronics Corporation completed the acquisition of Behr-Hella Thermocontrol GmbH, the world market leader for climate operations. Through this acquisition, AU Optronics extended its smart mobility business. Additionally, the partnership assisted AU Optronics in strengthening its portfolio of products and customer base.
List of Key Companies Profiled
- E Ink Holdings, Inc. (YFY, Inc.)
- Blue Spark Technologies, Inc.
- General Electric Company
- Palo Alto Networks, Inc.
- AU Optronics Corporation
- CCL Industries, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- LG Electronics, Inc. (LG Corporation)
- Enfucell Oy
- 3M Company
Global Flexible Electronics Market Report Segmentation
By Component
- Flexible Display
- Flexible Memory
- Flexible Sensors
- Flexible Battery
- Flexible Photovoltaics
By Application
- Consumer Electronics
- Medical & Healthcare
- Aerospace & Defense
- Automotive
- Energy & Power
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Flexible Electronics Market, by Component
- 1.4.2Global Flexible Electronics Market, by Application
- 1.4.3Global Flexible Electronics Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov - 2024, Feb) Leading Players
- 4.4Porter's Five Forces Analysis
Chapter 5.Global Flexible Electronics Market by Component
- 5.1Global Flexible Display Market by Region
- 5.2Global Flexible Memory Market by Region
- 5.3Global Flexible Sensors Market by Region
- 5.4Global Flexible Battery Market by Region
- 5.5Global Flexible Photovoltaics Market by Region
Chapter 6.Global Flexible Electronics Market by Application
- 6.1Global Consumer Electronics Market by Region
- 6.2Global Medical & Healthcare Market by Region
- 6.3Global Aerospace & Defense Market by Region
- 6.4Global Automotive Market by Region
- 6.5Global Energy & Power Market by Region
- 6.6Global Others Market by Region
Chapter 7.Global Flexible Electronics Market by Region
- 7.1North America Flexible Electronics Market
- 7.1.1North America Flexible Electronics Market by Component
- 7.1.1.1North America Flexible Display Market by Country
- 7.1.1.2North America Flexible Memory Market by Country
- 7.1.1.3North America Flexible Sensors Market by Country
- 7.1.1.4North America Flexible Battery Market by Country
- 7.1.1.5North America Flexible Photovoltaics Market by Country
- 7.1.2North America Flexible Electronics Market by Application
- 7.1.2.1North America Consumer Electronics Market by Country
- 7.1.2.2North America Medical & Healthcare Market by Country
- 7.1.2.3North America Aerospace & Defense Market by Country
- 7.1.2.4North America Automotive Market by Country
- 7.1.2.5North America Energy & Power Market by Country
- 7.1.2.6North America Others Market by Country
- 7.1.3North America Flexible Electronics Market by Country
- 7.1.3.1US Flexible Electronics Market
- 7.1.3.1.1US Flexible Electronics Market by Component
- 7.1.3.1.2US Flexible Electronics Market by Application
- 7.1.3.2Canada Flexible Electronics Market
- 7.1.3.2.1Canada Flexible Electronics Market by Component
- 7.1.3.2.2Canada Flexible Electronics Market by Application
- 7.1.3.3Mexico Flexible Electronics Market
- 7.1.3.3.1Mexico Flexible Electronics Market by Component
- 7.1.3.3.2Mexico Flexible Electronics Market by Application
- 7.1.3.4Rest of North America Flexible Electronics Market
- 7.1.3.4.1Rest of North America Flexible Electronics Market by Component
- 7.1.3.4.2Rest of North America Flexible Electronics Market by Application
- 7.2Europe Flexible Electronics Market
- 7.2.1Europe Flexible Electronics Market by Component
- 7.2.1.1Europe Flexible Display Market by Country
- 7.2.1.2Europe Flexible Memory Market by Country
- 7.2.1.3Europe Flexible Sensors Market by Country
- 7.2.1.4Europe Flexible Battery Market by Country
- 7.2.1.5Europe Flexible Photovoltaics Market by Country
- 7.2.2Europe Flexible Electronics Market by Application
- 7.2.2.1Europe Consumer Electronics Market by Country
- 7.2.2.2Europe Medical & Healthcare Market by Country
- 7.2.2.3Europe Aerospace & Defense Market by Country
- 7.2.2.4Europe Automotive Market by Country
- 7.2.2.5Europe Energy & Power Market by Country
- 7.2.2.6Europe Others Market by Country
- 7.2.3Europe Flexible Electronics Market by Country
- 7.2.3.1Germany Flexible Electronics Market
- 7.2.3.1.1Germany Flexible Electronics Market by Component
- 7.2.3.1.2Germany Flexible Electronics Market by Application
- 7.2.3.2UK Flexible Electronics Market
- 7.2.3.2.1UK Flexible Electronics Market by Component
- 7.2.3.2.2UK Flexible Electronics Market by Application
- 7.2.3.3France Flexible Electronics Market
- 7.2.3.3.1France Flexible Electronics Market by Component
- 7.2.3.3.2France Flexible Electronics Market by Application
- 7.2.3.4Russia Flexible Electronics Market
- 7.2.3.4.1Russia Flexible Electronics Market by Component
- 7.2.3.4.2Russia Flexible Electronics Market by Application
- 7.2.3.5Spain Flexible Electronics Market
- 7.2.3.5.1Spain Flexible Electronics Market by Component
- 7.2.3.5.2Spain Flexible Electronics Market by Application
- 7.2.3.6Italy Flexible Electronics Market
- 7.2.3.6.1Italy Flexible Electronics Market by Component
- 7.2.3.6.2Italy Flexible Electronics Market by Application
- 7.2.3.7Rest of Europe Flexible Electronics Market
- 7.2.3.7.1Rest of Europe Flexible Electronics Market by Component
- 7.2.3.7.2Rest of Europe Flexible Electronics Market by Application
- 7.3Asia Pacific Flexible Electronics Market
- 7.3.1Asia Pacific Flexible Electronics Market by Component
- 7.3.1.1Asia Pacific Flexible Display Market by Country
- 7.3.1.2Asia Pacific Flexible Memory Market by Country
- 7.3.1.3Asia Pacific Flexible Sensors Market by Country
- 7.3.1.4Asia Pacific Flexible Battery Market by Country
- 7.3.1.5Asia Pacific Flexible Photovoltaics Market by Country
- 7.3.2Asia Pacific Flexible Electronics Market by Application
- 7.3.2.1Asia Pacific Consumer Electronics Market by Country
- 7.3.2.2Asia Pacific Medical & Healthcare Market by Country
- 7.3.2.3Asia Pacific Aerospace & Defense Market by Country
- 7.3.2.4Asia Pacific Automotive Market by Country
- 7.3.2.5Asia Pacific Energy & Power Market by Country
- 7.3.2.6Asia Pacific Others Market by Country
- 7.3.3Asia Pacific Flexible Electronics Market by Country
- 7.3.3.1China Flexible Electronics Market
- 7.3.3.1.1China Flexible Electronics Market by Component
- 7.3.3.1.2China Flexible Electronics Market by Application
- 7.3.3.2Japan Flexible Electronics Market
- 7.3.3.2.1Japan Flexible Electronics Market by Component
- 7.3.3.2.2Japan Flexible Electronics Market by Application
- 7.3.3.3India Flexible Electronics Market
- 7.3.3.3.1India Flexible Electronics Market by Component
- 7.3.3.3.2India Flexible Electronics Market by Application
- 7.3.3.4South Korea Flexible Electronics Market
- 7.3.3.4.1South Korea Flexible Electronics Market by Component
- 7.3.3.4.2South Korea Flexible Electronics Market by Application
- 7.3.3.5Singapore Flexible Electronics Market
- 7.3.3.5.1Singapore Flexible Electronics Market by Component
- 7.3.3.5.2Singapore Flexible Electronics Market by Application
- 7.3.3.6Malaysia Flexible Electronics Market
- 7.3.3.6.1Malaysia Flexible Electronics Market by Component
- 7.3.3.6.2Malaysia Flexible Electronics Market by Application
- 7.3.3.7Rest of Asia Pacific Flexible Electronics Market
- 7.3.3.7.1Rest of Asia Pacific Flexible Electronics Market by Component
- 7.3.3.7.2Rest of Asia Pacific Flexible Electronics Market by Application
- 7.4LAMEA Flexible Electronics Market
- 7.4.1LAMEA Flexible Electronics Market by Component
- 7.4.1.1LAMEA Flexible Display Market by Country
- 7.4.1.2LAMEA Flexible Memory Market by Country
- 7.4.1.3LAMEA Flexible Sensors Market by Country
- 7.4.1.4LAMEA Flexible Battery Market by Country
- 7.4.1.5LAMEA Flexible Photovoltaics Market by Country
- 7.4.2LAMEA Flexible Electronics Market by Application
- 7.4.2.1LAMEA Consumer Electronics Market by Country
- 7.4.2.2LAMEA Medical & Healthcare Market by Country
- 7.4.2.3LAMEA Aerospace & Defense Market by Country
- 7.4.2.4LAMEA Automotive Market by Country
- 7.4.2.5LAMEA Energy & Power Market by Country
- 7.4.2.6LAMEA Others Market by Country
- 7.4.3LAMEA Flexible Electronics Market by Country
- 7.4.3.1Brazil Flexible Electronics Market
- 7.4.3.1.1Brazil Flexible Electronics Market by Component
- 7.4.3.1.2Brazil Flexible Electronics Market by Application
- 7.4.3.2Argentina Flexible Electronics Market
- 7.4.3.2.1Argentina Flexible Electronics Market by Component
- 7.4.3.2.2Argentina Flexible Electronics Market by Application
- 7.4.3.3UAE Flexible Electronics Market
- 7.4.3.3.1UAE Flexible Electronics Market by Component
- 7.4.3.3.2UAE Flexible Electronics Market by Application
- 7.4.3.4Saudi Arabia Flexible Electronics Market
- 7.4.3.4.1Saudi Arabia Flexible Electronics Market by Component
- 7.4.3.4.2Saudi Arabia Flexible Electronics Market by Application
- 7.4.3.5South Africa Flexible Electronics Market
- 7.4.3.5.1South Africa Flexible Electronics Market by Component
- 7.4.3.5.2South Africa Flexible Electronics Market by Application
- 7.4.3.6Nigeria Flexible Electronics Market
- 7.4.3.6.1Nigeria Flexible Electronics Market by Component
- 7.4.3.6.2Nigeria Flexible Electronics Market by Application
- 7.4.3.7Rest of LAMEA Flexible Electronics Market
- 7.4.3.7.1Rest of LAMEA Flexible Electronics Market by Component
- 7.4.3.7.2Rest of LAMEA Flexible Electronics Market by Application
Chapter 8.Company Profiles
- 8.1E Ink Holdings, Inc. (YFY, Inc.)
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Regional Analysis
- 8.1.4Research & Development Expense
- 8.1.5Recent strategies and developments:
- 8.1.5.1Partnerships, Collaborations, and Agreements:
- 8.1.5.2Product Launches and Product Expansions:
- 8.1.6SWOT Analysis
- 8.2Blue Spark Technologies, Inc.
- 8.2.1Company Overview
- 8.2.2Recent strategies and developments:
- 8.2.2.1Product Launches and Product Expansions:
- 8.2.3SWOT Analysis
- 8.3General Electric Company
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expense
- 8.3.5SWOT Analysis
- 8.4Palo Alto Networks, Inc.
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5Recent strategies and developments:
- 8.4.5.1Acquisition and Mergers:
- 8.4.6SWOT Analysis
- 8.5AU Optronics Corporation
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expense
- 8.5.5Recent strategies and developments:
- 8.5.5.1Acquisition and Mergers:
- 8.5.6SWOT Analysis
- 8.6CCL Industries, Inc.
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Recent strategies and developments:
- 8.6.4.1Partnerships, Collaborations, and Agreements:
- 8.6.5SWOT Analysis
- 8.7Samsung Electronics Co., Ltd. (Samsung Group)
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Recent strategies and developments:
- 8.7.4.1Partnerships, Collaborations, and Agreements:
- 8.7.4.2Acquisition and Mergers:
- 8.7.5SWOT Analysis
- 8.8LG Electronics, Inc. (LG Corporation)
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Regional & Segmental Analysis
- 8.8.4Research & Development Expenses
- 8.8.5Recent strategies and developments:
- 8.8.5.1Product Launches and Product Expansions:
- 8.8.6SWOT Analysis
- 8.9Enfucell Oy
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
- 8.10.3M Company
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3Segmental and Regional Analysis
- 8.10.4Research & Development Expense
- 8.10.5SWOT Analysis
Chapter 9.Winning Imperatives of Flexible Electronics Market