The global flexible electronics market size reached US$ 26.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 42.1 Billion by 2027, exhibiting a growth rate (CAGR) of 8.47% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Flexible electronics, or flex circuits, refer to various electronic devices that are mounted on stretchable or conformable substrates, such as plastic, metal foil, paper and flex glass. These devices are bendable, twistable and stretchable, and can be incorporated into various consumer and industrial products. These devices are commonly used in smartphones, health tracking tools, security tags, automotive sensors and strain gauges in civil constructions.

The significant growth in the consumer electronics sector is one of the key factors driving the growth of the market. Furthermore, growing consumer preference for wearable devices is also creating a positive outlook for the market. Smartphones, tablets, watches and televisions are being manufactured using flexible display panels to enhance their aesthetic appeal, portability and durability. Additionally, widespread product adoption in the healthcare industry is also providing a boost to the market growth. Flexible biomedical devices can be implanted on the patient’s skin for analyzing biomechanical movements, biological signals and vital signs accurately, along with improving sensations in robotic arms and prosthetic hands. Moreover, product integration with the Internet of Things (IoT) and artificial intelligence (AI) is acting as another growth-inducing factor. These devices are implanted as smart fabric sensors in helmets, seats, gloves, shoes, clothing materials and steering wheels for collection of data in real-time. Other factors, including the development of innovative, lightweight, ultra-thin and foldable variants, which are commonly used in hybrid system-in-foil (SiF) and photovoltaic (PV) system installations for solar power, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flexible electronics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application, circuit structure type and vertical.

Breakup by Application:

LCD Displays
OLED Displays
Thin-Film Photovoltaics (PV)
Printed Sensors
Image sensors
Touch Sensors
Pressure Sensors
Temperature Sensors
Gas Sensors
Humidity Sensors
Thin-Film Batteries
Curved Batteries
Printed Batteries
OLED Lighting

Breakup by Circuit Structure Type:

Single-Sided Flexible Circuit
Double-Sided Flexible Circuit
Multilayer Flexible Circuit
Sculptured Flexible Circuit

Breakup by Vertical:

Consumer Electronics
Energy & Power
Military and Defense

Breakup by Region:

North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 3M, E Ink Holdings, Konica Minolta, LG Group, Multi-Fineline Electronix, Panasonic, Pragmatic Printing, Samsung Group, etc.

Key questions answered in this report:
How has the global flexible electronics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global flexible electronics market?
What are the key regional markets?
What is the breakup of the market based on the application?
What is the breakup of the market based on the circuit structure type?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global flexible electronics market and who are the key players?
What is the degree of competition in the industry?