by Flexible electronics incorporate miniaturized electronic components that can be integrated onto flexible plastic or polymer substrates. They help produce electronics that are thin, lightweight, durable and customizable. Their applications range from wearable consumer electronics and medical devices to e-textiles and flexible displays.
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 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The miniaturization of electronic components has been a major trend propelling the flexible electronics market. Miniaturized components like processors, circuits, sensors and batteries can now be integrated onto thin, flexible substrates. This allows for the development of novel form factors that were not possible with rigid PCBs. Miniaturization is enabling flexible electronics to be incorporated into virtually any surface like curved screens, wearables and implants. It is improving device functionality while reducing costs. Continuous advancements in miniaturization technologies will expand the possibilities for flexible electronics in the coming years.
SWOT Analysis
Strength: Flexible electronics have high flexibility, lightweight, unbreakable and are corrosion resistant which makes them ideal for various applications.
Weakness: Initial investment and development costs associated with flexible electronics manufacturing are high. There are technological challenges in developing all-in-one flexible devices.
Opportunity: Growing demand for wearable devices, e-textiles and medical devices offer high growth opportunities for flexible electronics. Integration of flexible displays in vehicles present a sizable market.
Threats: Stiff competition from inflexible electronics manufacturers. Disruptive new technologies like printed or organic electronics can threaten existing flexible electronics solutions.
Key Takeaways
The Global Flexible Electronics Market Size is expected to witness high growth. The global Flexible Electronics Market is estimated to be valued at US$ 30.71 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030.
North America currently dominates the flexible electronics market owing to huge investments and presence of major electronics manufacturers in the region. Asia Pacific is expected to be the fastest growing market due to growing electronics manufacturing industry and high production of consumer electronics in nations like China, South Korea, Japan and India.
Key players related content comprises
Key players operating in the flexible electronics market are Ceva Logistics Ag, Kuehne + Nagel International Ag, Dhl International Gmbh (Deutsche Post Ag), Ryder System, Inc., United Parcel Service, Inc., Db Schenker (Deutsche Bahn Ag), Xpo Logistics, Inc., Dsv A/S, Nippon Express Co., Ltd. and Geodis. Major players are investing heavily in R&D to develop innovative and cost-effective flexible electronic components for various applications. Ceva Logistics has a strong presence across various end use industries of flexible electronics.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
