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Flexible Electronics Market Size, Share & Trends Analysis Report By Component (Flexible Display, Flexible Memory, Flexible Sensors, Flexible Battery, and Flexible Photovoltaics), By Application, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 236 Pages
  • February 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5945754
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 $1980.12 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.

Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the 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 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 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 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

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
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Flexible Electronics Market, by Component
1.4.2 Global Flexible Electronics Market, by Application
1.4.3 Global Flexible Electronics Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov - 2024, Feb) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Global Flexible Electronics Market by Component
5.1 Global Flexible Display Market by Region
5.2 Global Flexible Memory Market by Region
5.3 Global Flexible Sensors Market by Region
5.4 Global Flexible Battery Market by Region
5.5 Global Flexible Photovoltaics Market by Region
Chapter 6. Global Flexible Electronics Market by Application
6.1 Global Consumer Electronics Market by Region
6.2 Global Medical & Healthcare Market by Region
6.3 Global Aerospace & Defense Market by Region
6.4 Global Automotive Market by Region
6.5 Global Energy & Power Market by Region
6.6 Global Others Market by Region
Chapter 7. Global Flexible Electronics Market by Region
7.1 North America Flexible Electronics Market
7.1.1 North America Flexible Electronics Market by Component
7.1.1.1 North America Flexible Display Market by Country
7.1.1.2 North America Flexible Memory Market by Country
7.1.1.3 North America Flexible Sensors Market by Country
7.1.1.4 North America Flexible Battery Market by Country
7.1.1.5 North America Flexible Photovoltaics Market by Country
7.1.2 North America Flexible Electronics Market by Application
7.1.2.1 North America Consumer Electronics Market by Country
7.1.2.2 North America Medical & Healthcare Market by Country
7.1.2.3 North America Aerospace & Defense Market by Country
7.1.2.4 North America Automotive Market by Country
7.1.2.5 North America Energy & Power Market by Country
7.1.2.6 North America Others Market by Country
7.1.3 North America Flexible Electronics Market by Country
7.1.3.1 US Flexible Electronics Market
7.1.3.1.1 US Flexible Electronics Market by Component
7.1.3.1.2 US Flexible Electronics Market by Application
7.1.3.2 Canada Flexible Electronics Market
7.1.3.2.1 Canada Flexible Electronics Market by Component
7.1.3.2.2 Canada Flexible Electronics Market by Application
7.1.3.3 Mexico Flexible Electronics Market
7.1.3.3.1 Mexico Flexible Electronics Market by Component
7.1.3.3.2 Mexico Flexible Electronics Market by Application
7.1.3.4 Rest of North America Flexible Electronics Market
7.1.3.4.1 Rest of North America Flexible Electronics Market by Component
7.1.3.4.2 Rest of North America Flexible Electronics Market by Application
7.2 Europe Flexible Electronics Market
7.2.1 Europe Flexible Electronics Market by Component
7.2.1.1 Europe Flexible Display Market by Country
7.2.1.2 Europe Flexible Memory Market by Country
7.2.1.3 Europe Flexible Sensors Market by Country
7.2.1.4 Europe Flexible Battery Market by Country
7.2.1.5 Europe Flexible Photovoltaics Market by Country
7.2.2 Europe Flexible Electronics Market by Application
7.2.2.1 Europe Consumer Electronics Market by Country
7.2.2.2 Europe Medical & Healthcare Market by Country
7.2.2.3 Europe Aerospace & Defense Market by Country
7.2.2.4 Europe Automotive Market by Country
7.2.2.5 Europe Energy & Power Market by Country
7.2.2.6 Europe Others Market by Country
7.2.3 Europe Flexible Electronics Market by Country
7.2.3.1 Germany Flexible Electronics Market
7.2.3.1.1 Germany Flexible Electronics Market by Component
7.2.3.1.2 Germany Flexible Electronics Market by Application
7.2.3.2 UK Flexible Electronics Market
7.2.3.2.1 UK Flexible Electronics Market by Component
7.2.3.2.2 UK Flexible Electronics Market by Application
7.2.3.3 France Flexible Electronics Market
7.2.3.3.1 France Flexible Electronics Market by Component
7.2.3.3.2 France Flexible Electronics Market by Application
7.2.3.4 Russia Flexible Electronics Market
7.2.3.4.1 Russia Flexible Electronics Market by Component
7.2.3.4.2 Russia Flexible Electronics Market by Application
7.2.3.5 Spain Flexible Electronics Market
7.2.3.5.1 Spain Flexible Electronics Market by Component
7.2.3.5.2 Spain Flexible Electronics Market by Application
7.2.3.6 Italy Flexible Electronics Market
7.2.3.6.1 Italy Flexible Electronics Market by Component
7.2.3.6.2 Italy Flexible Electronics Market by Application
7.2.3.7 Rest of Europe Flexible Electronics Market
7.2.3.7.1 Rest of Europe Flexible Electronics Market by Component
7.2.3.7.2 Rest of Europe Flexible Electronics Market by Application
7.3 Asia Pacific Flexible Electronics Market
7.3.1 Asia Pacific Flexible Electronics Market by Component
7.3.1.1 Asia Pacific Flexible Display Market by Country
7.3.1.2 Asia Pacific Flexible Memory Market by Country
7.3.1.3 Asia Pacific Flexible Sensors Market by Country
7.3.1.4 Asia Pacific Flexible Battery Market by Country
7.3.1.5 Asia Pacific Flexible Photovoltaics Market by Country
7.3.2 Asia Pacific Flexible Electronics Market by Application
7.3.2.1 Asia Pacific Consumer Electronics Market by Country
7.3.2.2 Asia Pacific Medical & Healthcare Market by Country
7.3.2.3 Asia Pacific Aerospace & Defense Market by Country
7.3.2.4 Asia Pacific Automotive Market by Country
7.3.2.5 Asia Pacific Energy & Power Market by Country
7.3.2.6 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Flexible Electronics Market by Country
7.3.3.1 China Flexible Electronics Market
7.3.3.1.1 China Flexible Electronics Market by Component
7.3.3.1.2 China Flexible Electronics Market by Application
7.3.3.2 Japan Flexible Electronics Market
7.3.3.2.1 Japan Flexible Electronics Market by Component
7.3.3.2.2 Japan Flexible Electronics Market by Application
7.3.3.3 India Flexible Electronics Market
7.3.3.3.1 India Flexible Electronics Market by Component
7.3.3.3.2 India Flexible Electronics Market by Application
7.3.3.4 South Korea Flexible Electronics Market
7.3.3.4.1 South Korea Flexible Electronics Market by Component
7.3.3.4.2 South Korea Flexible Electronics Market by Application
7.3.3.5 Singapore Flexible Electronics Market
7.3.3.5.1 Singapore Flexible Electronics Market by Component
7.3.3.5.2 Singapore Flexible Electronics Market by Application
7.3.3.6 Malaysia Flexible Electronics Market
7.3.3.6.1 Malaysia Flexible Electronics Market by Component
7.3.3.6.2 Malaysia Flexible Electronics Market by Application
7.3.3.7 Rest of Asia Pacific Flexible Electronics Market
7.3.3.7.1 Rest of Asia Pacific Flexible Electronics Market by Component
7.3.3.7.2 Rest of Asia Pacific Flexible Electronics Market by Application
7.4 LAMEA Flexible Electronics Market
7.4.1 LAMEA Flexible Electronics Market by Component
7.4.1.1 LAMEA Flexible Display Market by Country
7.4.1.2 LAMEA Flexible Memory Market by Country
7.4.1.3 LAMEA Flexible Sensors Market by Country
7.4.1.4 LAMEA Flexible Battery Market by Country
7.4.1.5 LAMEA Flexible Photovoltaics Market by Country
7.4.2 LAMEA Flexible Electronics Market by Application
7.4.2.1 LAMEA Consumer Electronics Market by Country
7.4.2.2 LAMEA Medical & Healthcare Market by Country
7.4.2.3 LAMEA Aerospace & Defense Market by Country
7.4.2.4 LAMEA Automotive Market by Country
7.4.2.5 LAMEA Energy & Power Market by Country
7.4.2.6 LAMEA Others Market by Country
7.4.3 LAMEA Flexible Electronics Market by Country
7.4.3.1 Brazil Flexible Electronics Market
7.4.3.1.1 Brazil Flexible Electronics Market by Component
7.4.3.1.2 Brazil Flexible Electronics Market by Application
7.4.3.2 Argentina Flexible Electronics Market
7.4.3.2.1 Argentina Flexible Electronics Market by Component
7.4.3.2.2 Argentina Flexible Electronics Market by Application
7.4.3.3 UAE Flexible Electronics Market
7.4.3.3.1 UAE Flexible Electronics Market by Component
7.4.3.3.2 UAE Flexible Electronics Market by Application
7.4.3.4 Saudi Arabia Flexible Electronics Market
7.4.3.4.1 Saudi Arabia Flexible Electronics Market by Component
7.4.3.4.2 Saudi Arabia Flexible Electronics Market by Application
7.4.3.5 South Africa Flexible Electronics Market
7.4.3.5.1 South Africa Flexible Electronics Market by Component
7.4.3.5.2 South Africa Flexible Electronics Market by Application
7.4.3.6 Nigeria Flexible Electronics Market
7.4.3.6.1 Nigeria Flexible Electronics Market by Component
7.4.3.6.2 Nigeria Flexible Electronics Market by Application
7.4.3.7 Rest of LAMEA Flexible Electronics Market
7.4.3.7.1 Rest of LAMEA Flexible Electronics Market by Component
7.4.3.7.2 Rest of LAMEA Flexible Electronics Market by Application
Chapter 8. Company Profiles
8.1 E Ink Holdings, Inc. (YFY, Inc.)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Blue Spark Technologies, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Product Launches and Product Expansions:
8.2.3 SWOT Analysis
8.3 General Electric Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Palo Alto Networks, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 AU Optronics Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 CCL Industries, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.5 SWOT Analysis
8.7 Samsung Electronics Co., Ltd. (Samsung Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Acquisition and Mergers:
8.7.5 SWOT Analysis
8.8 LG Electronics, Inc. (LG Corporation)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional & Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Enfucell Oy
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. 3M Company
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 SWOT Analysis
Chapter 9. Winning Imperatives of Flexible Electronics Market

Companies Mentioned

  • 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

Methodology

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