What Fueled The Previous Growth In The Flexible Electronics And Circuit Market?
The flexible electronics and circuit market has seen considerable growth due to a variety of factors.
• The flexible electronics and circuit market has grown rapidly in recent years. It will increase from $34.02 billion in 2024 to $37.6 billion in 2025, at a compound annual growth rate (CAGR) of 10.6%.
This growth can be attributed to the demand for foldable displays, the emergence of flexible sensors, the shift to 5G networks, adoption of flexible printed circuit boards, and environmental concerns.
What Is The Expected Growth In The Flexible Electronics And Circuit Market Size Evolve over the Forecast Period?
The flexible electronics and circuit market is expected to maintain its strong growth trajectory in upcoming years.
• The flexible electronics and circuit market is projected to grow rapidly, reaching $55.38 billion by 2029 at a CAGR of 10.2%.
The growth is driven by supply chain resilience, government initiatives, aerospace and defense sector expansion, increased R&D investment, and miniaturization of devices. Trends include advancements in printed electronics, IoT applications, flexible display technologies, and sensor technology.
What Main Forces Are Fueling Expansion In The Flexible Electronics And Circuit Market?
The flexible electronics and circuit market is set to benefit from the rising demand for consumer electronic devices. As technology becomes increasingly integrated into daily life, the demand for devices like smartphones, laptops, and smartwatches continues to grow. Flexible electronics and circuits, which enable sleek designs and improved durability in these devices, are driving the market's growth. According to the Japan Electronics and Information Technology Industries Association, the value of consumer electronics production in Japan reached $204.67 million in May 2023, indicating a strong demand for flexible electronic components.
What Are The Primary Segments In The Global Flexible Electronics And Circuit Market?
The flexible electronics and circuit market covered in this report is segmented –
1) By Type: Organic Light-Emitting Diode (OLED) And Liquid Crystal Display (LCD) Display, Printed Sensor, Battery, Thin-Film Photovoltaics, Organic Light-Emitting Diode Lighting
2) By Flexible Electronics: Flexible Displays, Flexible Circuit
3) By Application: Single-Sided, Multilayer, Double-Sided, Rigid
4) By Vertical: Military, Defense And Aerospace, Automotive, Consumer Electronics, Industrial, Healthcare And Medical, Energy And Power, Other Verticals
Subsegments:
1) By Organic Light-Emitting Diode (OLED) And Liquid Crystal Display (LCD) Display: OLED Display, Flexible OLED Display, AMOLED (Active Matrix OLED), PMOLED (Passive Matrix OLED), LCD Display, Flexible LCD Display
2) By Printed Sensor: Pressure Sensors, Temperature Sensors, Flexible Capacitive Sensors, Chemical Sensors, Biosensors, Gas Sensors
3) By Battery: Flexible Lithium-Ion Batteries, Flexible Supercapacitors, Printed Batteries, Organic Batteries
4) By Thin-Film Photovoltaics: Organic Photovoltaic Cells (OPVs), Perovskite Solar Cells, Copper Indium Gallium Selenide (CIGS) Solar Cells, Amorphous Silicon (a-Si) Solar Cells
5) By Organic Light-Emitting Diode Lighting: OLED Light Panels, Flexible OLED Lighting, Transparent OLED Lighting, OLED Lamps And Fixtures
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What Trends Are Shaping The Flexible Electronics And Circuit Market?
Companies in the flexible electronics and circuit market are advancing flexible circuit production processes to drive revenue growth. These processes enable the creation of flexible printed circuit boards (PCBs) with high performance and reliability. In April 2024, Singapore-based Ennovi launched Flexible Cut Circuit (FDC) technology for manufacturing flexible circuits used in electric vehicle (EV) battery systems. FDC provides an eco-friendly and efficient alternative to conventional flexible printed circuits, offering faster production and copper recycling.
Who Are the Key Players In The Flexible Electronics And Circuit Market?
Major companies operating in the flexible electronics and circuit market are:
• Samsung Electronics Co Ltd.
• Panasonic Corporation
• Jabil Inc.
• Flex Ltd.
• BOE Technology Group Co Ltd.
• LG Display Co Ltd.
• TDK Corporation
• DuPont de Nemours Inc.
• Toppan Printing Co Ltd.
• AU Optronics Corporation
• Konica Minolta Inc.
• Japan Display Inc.
• Royole Corporation
• PragmatIC Semiconductor Ltd.
• CLEARink Displays Inc.
• Blue Spark Technologies Inc.
• Plastic Logic Limited
• XENON Corporation
• Ynvisible Interactive Inc.
• BeBop Sensors Inc.
• C3Nano Inc.
• MC10 Inc.
• Polyera Corporation
• Imprint Energy Inc.
What Is The Most Dominant Region In The Flexible Electronics And Circuit Market?
North America was the largest region in the flexible electronics and circuit market in 2024. The regions covered in the flexible electronics and circuit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
