Global Flexible Electronics Market Report 2022-2026: Graphene - A Potent Material for Flexible, Foldable and Stretchable Electronic Devices

DUBLIN, March 30, 2022 /PRNewswire/ -- The "Flexible Electronics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Flexible Electronics Market to Reach $44.8 Billion by 2026

The global market for Flexible Electronics estimated at US$15.7 Billion in the year 2020, is projected to reach a revised size of US$44.8 Billion by 2026, growing at a CAGR of 18.6% over the analysis period. 

Electronic Displays, one of the segments analyzed in the report, is projected to grow at a 18.1% CAGR to reach US$31.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Batteries segment is readjusted to a revised 22.2% CAGR for the next 7-year period. This segment currently accounts for a 4.8% share of the global Flexible Electronics market.

Flexible electronics is a progressive technology that aims to facilitate development of electronic systems in folded, curved, rolled, bent and stretched designs, while addressing the issues and challenges persisting in manufacture of miniature, compact and portable devices. Initially perceived as a futuristic concept, flexible electronics is gradually making its presence felt in various application markets.

Flexible electronics integrate flexible passive components and active components in electronic system processing and are made in various forms such as displays, batteries, sensors, memory and photovoltaics (PV) among others. With the exception of the substrate itself, which needs to be flexible, flexible electronics can be manufactured by using similar materials and components as used for rigid large-area electronics. Flexible electronics generally use ultra-thin and ultra-light substrates such as plastic films, glass, metal foils, and fabrics.

The U.S. Market is Estimated at $3.2 Billion in 2021, While China is Forecast to Reach $18.1 Billion by 2026

The Flexible Electronics market in the U.S. is estimated at US$3.2 Billion in the year 2021. The country currently accounts for a 18.11% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$18.1 Billion in the year 2026 trailing a CAGR of 22.4% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.3% and 15.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.4% CAGR while Rest of European market (as defined in the study) will reach US$21.5 Billion by the close of the analysis period.

Large-scale governmental R&D funding programs in countries such as Japan, China, Taiwan, South Korea and the EU along with sustained R&D efforts from research entities and electronics & material technologies enterprises is poised to drive momentum in the market. On the other hand, increased emphasis on low-footprint, ultra-thin, low-volume materials in electronics manufacturing, and expected proliferation of next generation technologies such as wearables, smart healthcare products, and advanced PV platforms would steer momentum in the market.

The market would remain a key beneficiary to increased appetite among electronics manufacturers towards enhancing design and functionality of smartphones, tablets and TVs with unique flexible solutions. At the same time, flexible electronics stand to benefit from growing interest in `Smart` concepts such as `Smart City`, `Smart Home`, `Smart Building`, and `Smart Factory`, all of which leverage a sensor-driven, inter-connected Internet of Things (IoT) environment encompassing various electronic solutions lounging in the building or area.

The IoT environment typically requires low-power and low-footprint electronic solutions with extended battery life and economical and eco-friendly operation. Flexible electronics can fully suffice these requirements to be a highly viable platform for IoT roll out programs.

Consumer Electronics End-Use Segment to Reach $29.1 Billion by 2026

Consumer electronics constitutes the largest end-use sector for flexible electronics, primarily because of increased use of flexible displays in the thriving product markets of smartphones, tablets, and LED and OLED TVs. At the same time, increased consumer penchant for wearable devices such as smart watches and smart glasses is steering demand for flexible electronics within the consumer electronics segment.

Wearables, finding use in healthcare, fitness and activity monitoring applications for monitoring health, tracking heart rate, sleep, and physical activity and also for infotainment applications, are expected to be the primary device category for future growth of flexible electronics. 

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Virus Led Economic Recession Impacts Prospects for Industrial Electronics
• Printed Electronics to Have Short-term Dip Owing to Covid-19
• Flexible Electronics Open Up Innumerable Opportunities for Healthcare Wearables
• Flexible Electronics: An Introductory Prelude
• Substrate Materials Used in Flexible Electronics
• Application Segments
• End-Use Sectors
• Recent Market Activity
• Wide Addressable Market Sustains Growth Opportunities
• Asia-Pacific: An Important Regional Market
• Developed Regions to Remain Key Revenue Contributors

2. FOCUS ON SELECT PLAYERS (Total 61 Featured) 

• 3M Company
• BASF SE
• Blue Spark Technologies
• BrightVolt, Inc.
• Cymbet Corporation
• Dai Nippon Printing Co., Ltd.
• E Ink Holdings, Inc.
• Fujikura Ltd.
• Japan Display Inc.
• LG Electronics, Inc.
• Multi-Fineline Electronix, Inc. (MFLEX)
• Nippon Mektron, Ltd.
• Nitto Denko Corporation
• Plastic Logic Germany
• Pragmatic Printing Ltd.
• Samsung Electronics Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• Thin Film Electronics ASA
• Zhen Ding Technology Holding Limited (ZDT)

3. MARKET TRENDS & DRIVERS

• Stretchable Sensors and Electronics Grow in Prominence
• Material and Design Advancements Enable Stretchable Interconnects in Flexible Circuits
• New Stretchable Materials Expand Potential of Design Innovations
• Smart Products Drive Growth of Flexible Hybrid Electronics
• Flexible Inorganic Bioelectronics: A Rapidly Evolving Field
• Production of Flexible and Stretchable Inorganic Devices
• Emerging Innovative Applications in Bioelectronics
• Growing Role of Electronics in Bioelectronic Medicine Presents New Opportunities
• Advances in Organic Electronics and Flexible Sensors Extend Application of Flexible Electronics in Soft Robotics
• Flexible Displays Drive Momentum in the Flexible Electronics Market
• OLEDs Emerge as a Key Segment
• E-paper Seeks Role in Flexible Displays Domain
• Soaring Demand for Advanced Consumer Electronics Accelerates Market Growth
• Growing Number of Consumer Electronics Users Bodes Well for Future Market Prospects
• Smartphones: A Fast Growing Market for Flexible Electronics
• Other Major Consumer Electronic Markets
• Expanding Role of Electronics in the Healthcare Sector to Drive Demand
• Digital Transformation Catalyzed by the Pandemic Provides the Perfect Platform for Growth in the Post COVID-19 Period.
• Robust Outlook for Wearables to Benefit Flex Circuit Demand
• Vital Role of Flexible Sensors in Emerging IoT Applications
• Increased Investments on Smart Cities to Generate Opportunities
• Rising Demand for Portable Devices Drives Flexible Batteries Market
• Flexible Electronics Seek Role in Automotive Industry
• Flexible PV Technologies Make a Cut
• Growing Interest on Building Integrated Photovoltaics Augurs Well for Market Growth
• Impact of COVID-19 on Solar Power Market
• Roll-to-Roll (R2R) Emerges as Viable Processing Technology
• Key Benefits Offered Drive Deployment of R2R Technology
• Graphene: A Potent Material for Flexible, Foldable and Stretchable Electronic Devices

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/2mkz3j

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets