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Flexible Electronics Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Market Size & CAGR of Flexible Electronics Market in 2021
The global flexible electronics market is expected to have a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. By 2021, the market size was estimated to be USD 25.5 billion.
COVID-19 Impact on the Flexible Electronics Market
The outbreak of COVID-19 has significantly impacted the flexible electronics market. With disruptions in the supply chain, production delays, and decreased consumer spending, the market witnessed a slight decline in growth. However, the increased demand for flexible displays and wearable devices during the pandemic led to some positive growth aspects.
Flexible Electronics Dynamics
The dynamics of the flexible electronics market are influenced by factors such as technological advancements, increasing adoption of IoT devices, rising demand for portable electronic devices, and growing investments in R&D activities. Manufacturers are focusing on developing innovative and cost-effective flexible electronics solutions to cater to the evolving consumer demand.
Segments and Related Analysis
The flexible electronics market can be segmented based on components, application, and end-user industry. Components include display, battery, sensors, memory, and others. Applications range from consumer electronics, automotive, healthcare, industrial, to aerospace & defense. The market analysis involves studying the trends and growth prospects of each segment.
By Region Analysis
The flexible electronics market is analyzed regionally, covering North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a significant market share due to technological advancements and early adoption of flexible electronics, while the Asia Pacific region is witnessing rapid growth attributed to the presence of key players and increasing consumer demand.
Key Market Players and Competitive Landscape
Some of the key players in the flexible electronics market include Samsung Electronics, LG Display, Sony Corporation, First Solar, and E Ink Holdings. The competitive landscape is characterized by mergers, acquisitions, product launches, and collaborations among companies to strengthen their market position and expand their product offerings.
Recent Happenings in the Flexible Electronics Market
- In July 2021, Samsung Display announced the development of a flexible OLED panel for foldable smartphones. - LG Display unveiled a 65-inch rollable OLED TV at CES 2021, showcasing the potential of flexible display technology. - Sony Corporation introduced a new lineup of wearable sensors using flexible electronics for health monitoring applications. - First Solar announced plans to expand its production capacity for flexible solar panels to meet the growing demand for renewable energy solutions. - E Ink Holdings collaborated with a leading e-reader manufacturer to launch a new generation of flexible electronic paper devices.
