The flexible hybrid electronics market has seen considerable growth due to a variety of factors.
• The flexible hybrid electronics market has grown rapidly in recent years. It is projected to grow from $0.12 billion in 2024 to $0.14 billion in 2025, at a compound annual growth rate (CAGR) of 14.7%.
Growth is fueled by demand for foldable displays, flexible sensors, the adoption of flexible printed circuit boards, and the shift to 5G networks.
The flexible hybrid electronics market is expected to maintain its strong growth trajectory in upcoming years.
• The flexible hybrid electronics market is expected to experience rapid growth, reaching $0.24 billion by 2029 at a CAGR of 14.4%.
This growth is driven by supply chain resilience, government regulations, aerospace and defense expansion, R&D investments, and device miniaturization. Key trends include advancements in printed electronics, IoT applications, flexible displays, technological convergence, and sensor technology.
The flexible hybrid electronics market is expected to grow with the increasing production of automobiles. Rising global demand for vehicles, along with advancements in automotive technologies, is boosting automobile production. Flexible hybrid electronics enhance automotive designs, enabling the integration of lightweight and adaptable electronic systems. According to the European Automobile Manufacturers' Association, the EU car market grew by 13.9% in 2023, further driving the demand for flexible hybrid electronics in the automotive industry.
The flexible hybrid electronics market covered in this report is segmented –
1) By Structure Type: Rigid Flex Circuit, Multilayer Flex Circuit, Double Sided Flex Circuit, Single Sided Flex Circuit, Other Structure Types
2) By Application: Displays, Batteries, Thin- Film Photovoltaics, Printed Sensors, Organic Light Emitting Diode Lighting, Other Applications
3) By Vertical: Industrial, Consumer Electronics, Automobile Industry, Military And Defense, Aerospace, Other Verticals
Subsegments:
1) By Rigid Flex Circuit: Rigid Flex PCB (Printed Circuit Board), Hybrid Rigid-Flex PCB
2) By Multilayer Flex Circuit: 3-Layer Flex Circuit, 4-Layer Flex Circuit, 5-Layer Flex Circuit, 6-Layer Flex Circuit, Multi-Layer Flex Circuit
3) By Double Sided Flex Circuit: 2-Layer Flex Circuit, Double Sided Polyimide Flex Circuit, Double Sided PET Flex Circuit
4) By Single Sided Flex Circuit: Single Sided Polyimide Flex Circuit, Single Sided PET Flex Circuit
5) By Other Structure Types: Flexible Hybrid Circuit (FHC), Flex-on-Flex Circuit, Stretchable Circuits, Integrated Flexible Circuits, 3D Flexible Electronics
Companies in the flexible hybrid electronics market are increasing their investments to maintain competitive advantage. Flexible hybrid electronics combine flexible substrates with rigid components for versatile applications. In December 2022, NextFlex, a US-based electronics manufacturer, secured over $8 million in funding to advance hybrid electronics manufacturing, especially in semiconductor packaging and environmentally sustainable processes.
Major companies operating in the flexible hybrid electronics market are:
• Samsung Electronics Co Ltd.
• Panasonic Corporation
• Jabil Inc.
• Flex Ltd.
• LG Display Co Ltd.
• Du Pont De Nemours and Company
• AU Optronics Corporation
• E Ink Holdings Inc.
• Royole Corporation
• Pragmatic Semiconductor
• Brewer Science Inc.
• NovaCentrix
• Blue Spark Technologies Inc.
• Plastic Logic Limited
• XENON Corporation
• Ynvisible Interactive Inc.
• BeBop Sensors Inc.
• C3Nano Inc.
• Ares Materials Inc.
• MC10 Inc.
• Powercast Corporation
• Canatu Oy
• Polyera Corporation
• American Semiconductor Inc.
• Imprint Energy Inc
North America was the largest region in the flexible hybrid electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible hybrid electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.