by The Flexible Hybrid Electronics Market is estimated to be valued at US$ 139.62 Mn or Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Flexible hybrid electronics refer to electronic circuits and devices that are both printed or deposited on flexible, stretchable, or conformable substrates. These electronics combine the functionality of printed materials such as inks, thin films, and dielectrics with conventional inorganic electronic components like silicon chips, carbon nanotubes, organic semiconductors, and metallic conductors. Flexible hybrid electronics are useful in emerging applications like wearable devices, Internet of Things (IoT) sensors and flexible displays.
Market Dynamics:
Some of the key drivers propelling growth of the flexible hybrid electronics market are growing demand for printed/flexible sensors in medical devices, consumer electronics, and automotive applications. Printed/flexible sensors offer advantages like flexibility, durability, lightweight and conformability. They can easily integrate with curvy surfaces like human skin for applications in health monitoring devices. Furthermore, increasing adoption of printed electronics techniques in making electronic components for IoT devices is also fueling market growth. Using printing techniques makes electronic components and circuits very cost-effective to produce on a large scale. However, integration challenges of dissimilar materials and long term reliability issues are some factors hampering widespread adoption at present.
Segment Analysis
The flexible hybrid electronics market can be segmented into flat and folded FHE circuits. Among these, the flat FHE circuits segment currently dominates the market due to its widespread applications in consumer electronics devices such as wearables and smart packaging. Flat FHE circuits are easy to integrate into these devices and allow for compact designs due to their thin flexible form factor.
PEST Analysis
Political: Governments across countries are supporting initiatives towards development of flexible electronics. This is driving increased funding for research in the field.
Economic: The flexible nature of these electronics allows for cost-effective mass production using printing techniques. This makes FHE an economically viable alternative to traditional rigid PCBs.
Social: Wearable devices have gained immense popularity. FHE enables integration into flexible form factors preferred by users for wearables and IoT sensors.
Technological: Advancements in printing technologies like inkjet and screen printing have enabled mass manufacturing of flexible circuits. This is driving efficient commercialization of FHE technology.
Key Takeaways
The Global Flexible Hybrid Electronics Market Size is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing demand for bendable consumer electronics devices. The market size for 2023 is estimated at US$ 139.62 Mn.
Regional analysis: Asia Pacific region dominates presently with a majority share owing to strong manufacturing activity in countries like China for wearables and packaging. North America region is anticipated to witness fastest growth due to rising investments in research and development of advanced flexible electronic materials in the US.
Key players operating in the flexible hybrid electronics market are DuPont Teijin Films, PARC (Xerox Corporation), General Electric Company, Lockheed Martin Corporation, American Semiconductor Inc., Flex Ltd., Brewer Science Inc., Integrity Industrial Inkjet Integration, and SI2 Technologies Inc. Key players are focused on developing new printable electronic materials and manufacturing techniques to enable high volume production of flexible hybrid circuits.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
