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The global flexible electronics and materials market is set to reach US$ 72.6 BN by 2032, growing at a 9.20% CAGR between years 2023-2032. The market dynamics exhibit a complex interplay, which reflects how fast this new industry keeps changing and garner attention. The market is pushed by the growing demand for compact, bendable and stretchy electronic parts. This breaks away from the usual stiffness of older technology devices.
The need for bendy electronics comes from many uses like wearable gadgets, fold-up screens, and healthcare equipment & devices. It is driving the market to grow more. In recent years, technology improvements have been very important in creating the flexible electronics market. Creating flexible materials like organic polymers and thin film stuff has allowed us to make electronic gadgets that bend easily with better toughness.
This has made a big difference in what can be used, leading to more people using it across different businesses. This led people in the market to put a lot of money into research and development so they could improve their flexibility and performance. The flexible electronic market has become a big force because of consumer electronics. People want more smartphones, watches and handheld items that can bend.
This is making big companies create new things to stay ahead in the market.
The car industry is using flexible electronics for things like curved screens, bendable lights and adjusting sensors. This opens up new designs and ways it can work. As people care more about being environmentally friendly, there is a focus on using materials that are kind to the Earth and making things in ways that don't harm nature.
As people start to notice how much trash electronic waste makes, the market for bendable electronics and materials is changing. This change includes moving more towards things that can be re-used or easily broken down by nature because it's better for the environment. This change goes with world actions to make a round-way system and lessen things thrown away from electronics, so it affects what producers and users choose too.
In the flexible electronics and materials market, competition is driven by companies joining forces in partnerships or mergers. They also buy out others to gain an edge over their rivals. Businesses are coming together to combine their resources, share knowledge and speed up new ideas. This way not only speeds up making products, but also helps the companies involved to be stronger in their market.
As industries like electronics, materials science and healthcare get closer together, it becomes more important to work together. This is because they face many different problems in the market. But problems still exist, especially in areas of size and value for money.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Segments, Application, and Region |
Flexible Electronics Materials Market Highlights:
Global Flexible Electronics and Materials Market Overview:
Flexible Electronics and Materials Market Size was valued at USD 35.9 Billion in 2023. The Flexible Electronics and Materials Market industry is projected to grow from USD 35.2 Billion in 2024 to USD 72.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.01% during the forecast period (2024 - 2032). Growing demand for lightweight and portable devices, as well as wearable devices and IoT integration are the key market drivers enhancing the market growth.
Flexible electronics and materials are extensively used to fabricate electronic devices widely employed in flexible flat panel displays, photovoltaics, medical image sensors, electronic paper, and many more. The increasing adoption of flexible electronics and materials in photovoltaic cells, OLED lighting, displays, solar batteries & memory devices, etc., drives the market growth.
Solar cells have positioned themselves as an attractive option to meet today's electricity demand. Solar is an effective, renewable, sustainable, and green energy source that can solve the fuel shortage issues in power generation. Rising uses of flexible electronics and materials in photovoltaics are a major driving force behind the increased market landscape today.
- On Aug 2023, the Research team at the MIT Plasma Science and Fusion Center (PSFC) announced the development of flexible magnets that could be used for future electronics and robotics. This new material can be used for sensors placed around human body parts without damaging them, such as neurons in the brain, or to make artificial prostheses more comfortable. This incredible breakthrough in magnet technology promises to potentially open up new possibilities in many fields.
- On Apr 2023, NextFlex, Flexible Hybrid Electronics Manufacturing Institute within the Manufacturing USA ecosystem, announced that it is forming a roadmap to commercialize flexible and additive hybrid electronics technology. The NextFlex Technology Hub will be sharing the entire vision for United States manufacturing.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Flexible Electronics and Materials Market Trends
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Flexible battery demand is driving market growth
The market CAGR for flexible electronics and materials is expanding as a result of the rising need for flexible batteries. Numerous products, including wearable technology, flexible displays, and medical equipment, use flexible batteries. Due to the rising demand for flexible and lightweight electronic gadgets, flexible batteries are anticipated to be used more frequently in the upcoming years. Flexible batteries are used to power medical equipment like patches and sensors. Because they can be quickly incorporated into a device without adding bulk, flexible batteries are perfect for medical equipment. The functionality and usefulness of medical equipment have been enhanced by the use of flexible batteries.
In conclusion, the market for flexible electronics and materials is expanding as a result of the rising need for flexible batteries. Numerous products, including wearable technology, flexible displays, and medical equipment, use flexible batteries. Due to the rising demand for flexible and lightweight electronic gadgets, flexible batteries are anticipated to be used more frequently in the upcoming years.
As innovation produces market changes, large corporations such as Samsung and LG have begun expanding their manufacturing capacity and investing in their manufacturing plants. When compared to prior years, the time required to prototype and gauge manufacturing capacity planning has been reduced to weeks and months. Samsung is constructing manufacturing sites in India to help the Make in India mission. South Korea, Taiwan, China, and India are becoming popular investment destinations for establishing next-generation manufacturing units. These expenditures enable firms to accelerate total product development and reduce time-to-market. As a result, the aforementioned factors are projected to fuel the expansion of the market under consideration over the forecast period.
Different conceptual-level items will be prototyped when flexible displays become more mainstream products. Technology businesses like Samsung, Microsoft, and Apple are creating and conceiving wearable and more integrated with human life products. Microsoft and Sony are developing screen consoles for their gaming goods in order to deliver a more engaging gaming experience. Sony and Samsung have introduced curved-screen televisions and are presently developing prototypes with flexible panels. The wearables sector has developed many devices using flexible displays, propelling market growth throughout the projection period.
Flexible Electronics and Materials Market Segment Insights:
Flexible Electronics and Materials Segments Insights
The Flexible Electronics and Materials Market segmentation, based on Segments includes Silicon materials, Dielectrics, Sensors, Semiconductors, Contact materials, Presentations. The sensors category dominates the Flexible Electronics and Materials Market. The sensors category is likely to continue dominating the market in the coming years due to increased demand for sensors in various applications such as healthcare, automotive, and consumer electronics. The introduction of flexible sensors has increased the usefulness and performance of these devices.
Flexible Electronics and Materials Application Insights
The Flexible Electronics and Materials Market segmentation, based on Application, includes incorporate medical car, Auto, Buyer gadgets, Military and guard, Biometrics. The biometrics section is the fastest growing segment in the Flexible Electronics and Materials Market. The increasing need for biometric sensors in applications like as security and authentication is propelling the biometrics market forward. The use of flexible biometric sensors has enhanced the accuracy and reliability of biometric authentication systems. The biometrics market is fast rising and is likely to rise further in the future years. The demand for biometric sensors in various applications such as security and authentication is driving the expansion of this segment. The use of flexible biometric sensors has enhanced the accuracy and reliability of biometric authentication systems, which is why it is the fastest expanding segment in the Flexible Electronics and Materials Market.
- On Feb 2021, DuPont Interconnect Solutions, a unit of DuPont Electronics & Industrial, announced a US$220 MN expansion project at its Circleville site. The investment would expand the production of Pyralux flexible circuit materials and Kapton polyimide film, ensuring a committed supply to meet the increasing global demand in the consumer electronics, telecom, automotive, defense, and high-performing industrial & market segments.
Figure 1: Flexible Electronics and Materials Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Flexible Electronics and Materials Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Flexible Electronics and Materials Market area will dominate this market, owing to growth in use of digital & electronic parts in production of various consumer electronic goods. Aside from that, the extensive use of flexible electronics in the healthcare and automotive industries will drive the expansion of the subcontinent's flexible electronics industry in the next years. The growing popularity of technologically advanced gadgets and designer equipment among end-users will have a significant impact on regional market size.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Flexible Electronics and Materials Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Flexible Electronics and Materials Market accounts for the second-largest market share due to the rising popularity of flexible electronics in different industries such as automotive, healthcare, and consumer electronics. Further, the German Flexible Electronics and Materials Market held the largest market share, and the UK Flexible Electronics and Materials Market was the fastest growing market in the European region
The Asia-Pacific Flexible Electronics and Materials Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the presence of a large number of leading consumer electronics firms in the region. Moreover, China’s Flexible Electronics and Materials Market held the largest market share, and the Indian Flexible Electronics and Materials Market was the fastest growing market in the Asia-Pacific region.
Flexible Electronics and Materials Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Flexible Electronics and Materials Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Flexible Electronics and Materials industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Flexible Electronics and Materials industry to benefit clients and increase the market sector. In recent years, the Flexible Electronics and Materials industry has offered some of the most significant advantages to medicine. Major players in the Flexible Electronics and Materials Market, including Samsung Hardware (South Korea), Cymbet Enterprise (U.S.), Fujifilm Dimatix (U.S.), Hewlett Packard (U.S.) Sun-powered Boondocks (Germany) and others, are attempting to increase market demand by investing in research and development operations.
Eaton Corporation plc is an American Irish international power management corporation formed in the United States with worldwide headquarters in Dublin, Ireland, and a subsidiary administrative centre in Beachwood, Ohio, with 2022 revenues of $20.75 billion. Eaton employs over 92,000 people and offers goods to clients in over 175 countries. In February 2022, Eaton Corporation PLC and LG Electronics collaborated to make flexible household energy management more effective and seamless. Eaton smart breakers and EV charging technologies will sync with LG energy management services, providing essential information and load control for solar and storage applications, according to the deal.
LG Chem Ltd, headquartered in Seoul, South Korea, is the largest Korean chemical company. In terms of sales, it was the world's tenth largest chemical firm in 2017.[Citation required] It started off as the Lucky Chemical Industrial Corporation, which made cosmetics. It is currently solely a business-to-business organization (the consumer products sector was spun off as LG Household & Health Care). The company has eight plants in South Korea and has 29 commercial sites spread across 15 countries. This network includes a Chinese holding company, 14 international production subsidiaries, five marketing subsidiaries, seven representative offices, and two research and development centres.
Key Companies in the Flexible Electronics and Materials Market include
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DuPont (U.S.),
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BASF (Germany),
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Merck Kgaa (Germany),
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ALTANA AG (Germany),
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LG Partnership (South Korea),
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Samsung Hardware (South Korea),
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Cymbet Enterprise (U.S.),
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Fujifilm Dimatix (U.S.),
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Hewlett Packard (U.S.)
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Sun-powered Boondocks (Germany)
Flexible Electronics and Materials Industry Developments
June 2023, At InfoComm 2023, Samsung Electronics announced the launch of its new digital signage collection, featuring revolutionary displays that enable businesses to thrive across industries. The Wall for Virtual development is a dedicated display that blends ultra-large LED walls with real-time visual effects technology, lowering content development time and cost. In addition, Samsung debuted the QxC Series Crystal UHD Signage and the LED All-in-One display, as well as achieving carbon footprint certifications for its Smart Signage models, showcasing its dedication to environmental sustainability.
June 2023, Samsung Electronics announced the launch of its new digital signage lineup at InfoComm 2023, featuring revolutionary displays that enable businesses to grow across industries. The Wall for Virtual development is a dedicated display that blends ultra-large LED walls with real-time visual effects technology, decreasing time and expense in content development. In addition, Samsung unveiled the QxC Series Crystal UHD Signage and the LED All-in-One display, as well as receiving carbon footprint certifications for its Smart Signage models, showcasing its dedication to environmental sustainability.
Flexible Electronics and Materials Market Segmentation:
Flexible Electronics and Materials Market By Segments Outlook
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Silicon materials
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Dielectrics
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Sensors
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Semiconductors
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Contact materials
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Presentations
Flexible Electronics and Materials Market By Application Outlook
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Incorporate medical car
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Auto
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Buyer gadgets
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Military and guard
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Biometrics
Flexible Electronics and Materials Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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