Flexible Electronics Market - Growth, Trends, and Forecast (2019 - 2024)

The Flexible Electronics Market is segmented by Application (Sensing, Lighting, and Display), End User (Consumer Electronics, Automotive, Healthcare, Military, and Defense), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

10.7%

Key Players:

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Market Overview

The flexible electronics market is segmented by application (sensing, lighting, and display), end user (consumer electronics, automotive, healthcare, military, and defense), and geography.

  • The flexible electronics market is expected to register a CAGR of 10.7%, during the forecast period (2019 - 2024). The lightweight, ultra-thin, and foldable features of flexible electronics are finding new applications, such as hybrid flexible system-in-foil (SiF), and are offering more capabilities in such applications, than those offered by traditional silicon- or glass-based substrates. Ultra-thin chip technology is identified as an enabler for overcoming bottlenecks in microelectronics, such as 3D integration, which may provide growth opportunities for the market.
  • Employment of flexible electronic components in IoT applications is a key driver for the market. Flexible electronic devices, including RFIDs and sensors, are considered to be the technological basis of IoT. Graphene offers high frequencies for operating devices that help enable IoT applications, while TFT (tunnel field-effect transistors) is a 2D semiconductor-based device that makes use of the quantum tunneling phenomenon with low off currents, thus, making it suitable for low-power IoT applications.
  • Support for solar energy projects is driving the market. The use of flexible electronic materials can reduce weight, improve portability, and simplify PV system installation, in addition to enabling entirely new electronic applications, such as wearable sensors and smart labels. A printed monolithically integrated OPV module is developed for applications of flexible electronics, which is also boosting the market.
  • The established market for traditional electronics and higher cost of circuits over that of rigid PCBs (printed circuit boards) act as restraints for the growth of the market.

Scope of the Report

Flexible electronics market is growing, due to technological advancements in electronics and semiconductors offering advantages, in terms of product shape, light weight, and durability. Flexible electronics have a wide range of applications in the automotive industry, wireless communications, displays and human-machine interactions, energy management, and portable devices, which may propel the market in future.

By Application
Sensing
Lighting
Display
By End User
Consumer Electronics
Automotive
Healthcare
Military
Defense
Other End Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

3D Integration in Healthcare is Expected to Drive the Market

W3D printing is advancing, and it has a wide range of application, including 3D printed flexible electronic devices, in the healthcare sector. 3D printers can be used for direct printing of biomedical devices onto human skin, and can help build flexible electronic sensors to measure body pressure. These printers are expected to improve sensation in prosthetic hands and surgical robotic arms.

Additionally, 3D-printed flexible electrical glove can be used to provide comfortable thermotherapy for patients, as the heat formed by these flexible electronic devices can treat injury points by enhancing the blood flow and reducing pain.

These 3D-printed flexible electronic devices have various applications in the fields of prosthetic organs for the disabled. In July 2018, Humanity & Inclusion (a French-based NGO) took up the initiative of fabricating approximately 100 orthopedic electronic devices for those in need in Madagascar, Togo, Mali, and Niger.

Complex electronics can be 3D-printed at micron resolutions, thus, enabling cheaper medical equipment. Such advantages render 3D-printed flexible electronic devices as the future trend and provide great opportunity for the development of flexible electronic devices.

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Asia-Pacific to Witness Significant Growth Rate

Asia-Pacific is the fastest growing region in the flexible electronics market. The region is considered as a stronghold for the consumer electronics market, as majority of the top electronic manufacturing companies are based in Asia-Pacific.

The market is dominated by computer hardware and smartphones. With growing demand for compact and light-weight electronic devices, such as wearables, the flexible electronics market is bound to show positive growth in the long run. There has been a significant rise in the usage of fitness wearables, especially by those who are conscious about fitness or engaged in sports, such as divers, cyclists, and race runners. Therefore, the rising trend of wearable devices is expected to drive the market in this region.

China has developed a robust indigenous liquid crystal display (LCD) industry, which the players are using to leverage market entry in organic light-emitting diode (OLED) displays, which in turn, may result in a rise in demand for flexible electronics in the country.

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Competitive Landscape

The flexible electronics market is fragmented. Manufacturers, focusing primarily on the development of efficient flexible electronics, are offering technologically innovative products that provide a variety of benefits related to power efficiency and product design. Industry players are seen investing in R&D, in order to strengthen their market positions. Key players in the market are 3M, E Ink Holdings Inc., Panasonic Corporation, etc. Given below is a recent development in the market:

May 2019 - E Ink Holdings Inc., the leading innovator of electronic ink technology, displayed its latest innovations in color displays, writing films, and new light transmission films at the SID Display Week 2019 in San Jose. This new and innovative variable transmission light-control film technology provides variable tint and on-demand privacy solutions.

Major Players

  1. 3M
  2. E Ink Holdings Inc.
  3. Panasonic Corporation
  4. Blue Spark Technologies
  5. Royole Corporation

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

  5. 5. MARKET DYNAMICS

    1. 5.1 Introduction to Market Drivers and Restraints

    2. 5.2 Market Drivers

      1. 5.2.1 Employment of Flexible Electronic Components for IoT Applications

      2. 5.2.2 Support for Solar Energy Projects

    3. 5.3 Market Restraints

      1. 5.3.1 Established Market of Traditional Electronics

    4. 5.4 Value Chain Analysis

    5. 5.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.5.1 Threat of New Entrants

      2. 5.5.2 Bargaining Power of Buyers/Consumers

      3. 5.5.3 Bargaining Power of Suppliers

      4. 5.5.4 Threat of Substitute Products

      5. 5.5.5 Intensity of Competitive Rivalry

  6. 6. TECHNOLOGY SNAPSHOT

  7. 7. MARKET SEGMENTATION

    1. 7.1 By Application

      1. 7.1.1 Sensing

      2. 7.1.2 Lighting

      3. 7.1.3 Display

    2. 7.2 By End User

      1. 7.2.1 Consumer Electronics

      2. 7.2.2 Automotive

      3. 7.2.3 Healthcare

      4. 7.2.4 Military

      5. 7.2.5 Defense

      6. 7.2.6 Other End Users

    3. 7.3 Geography

      1. 7.3.1 North America

      2. 7.3.2 Europe

      3. 7.3.3 Asia-Pacific

      4. 7.3.4 Latin America

      5. 7.3.5 Middle East & Africa

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Company Profiles

      1. 8.1.1 3M

      2. 8.1.2 Blue Spark Technologies

      3. 8.1.3 E Ink Holdings Inc.

      4. 8.1.4 Enfucell

      5. 8.1.5 LG Electronics Inc.

      6. 8.1.6 OLEDWorks

      7. 8.1.7 Panasonic Corporation

      8. 8.1.8 Royole Corporation

      9. 8.1.9 Samsung Electronics Co. Ltd

      10. 8.1.10 Solar Frontier

    2. *List Not Exhaustive
  9. 9. INVESTMENT ANALYSIS

  10. 10. MARKET OPPORTUNITIES AND FUTURE TRENDS

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