BANGALORE, India, May 16, 2023 /PRNewswire/ — The Global Flexible Electronics Market is Segmented by Type (Single Sided Flex Circuits, Double Sided Flex Circuits, Multi-Layer Flex Circuits, Rigid Flex Circuits), by Application (Smart Phone, Computer, Camera, Liquid Crystal Display, Electrical Instrumentation And Medical Treatment, Defense And Aerospace, Automobile): Global Opportunity Analysis and Industry Forecast 2023–2028. It is published in Valuates Reports under the Computers & Electronics Category.
Due to the COVID-19 pandemic, the global Flexible Electronics market size is estimated to be worth US$ 22340 million in 2022 and is forecast to be a readjusted size of US$ 55220 million by 2028 with a CAGR of 16.3% during the review period.
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Major factors driving the growth of the Flexible Electronics Market
The Flexible Electronics market is expanding due to a number of factors, including the rising demand for consumer electronics products and the lower production costs compared to rigid substrates.
The global market development is being positively impacted by the increasing sales of Internet of things (IoT) devices. The Flexible Electronics market is anticipated to rise in response to the increasing demand from customers throughout the world for creative, small, and smart consumer electronics. Additionally, the market growth is being positively impacted by the quickly expanding printed electronics industry.
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TRENDS INFLUENCING THE GROWTH OF FLEXIBLE ELECTRONICS MARKET
Although the field of flexible electronics is still in its infancy, the fact that it can function with less expensive substrates already sets it apart from more conventional electronics, which depend on pricey substrates like glass. People will eventually be able to print flexible electronic components on a less expensive substrate like the plastic film as technology advances. Companies will employ less expensive, flexible substrates like plastic to retain gadget functionality in place of needing to use pricey glass substrates. This factor is expected to drive the growth of the Flexible Electronics market.
One of the key advantages of flexible electronics is portability. Traditional electronics sometimes include glass-based displays constructed of parts that are more likely to break, making them difficult to move. Due to the organic thin-film transistors used in flex circuits, which enable goods to be substantially smaller and lighter, you avoid this issue. These modifications have made it such that devices using flexible electronics frequently have the strength and dimensions required for simple transportation. This factor is expected to drive the growth of the Flexible Electronics market.
With fresh applications and improved design capabilities, flexible electronics research has continued to push the limits of the technology. The development of flexible sensors and displays has been one of the flexible electronics’ most significant advances. Companies that employ flex circuits particularly value the wider range of design possibilities they give consumers because of their flexibility. With this technology, you could drive a car with monitors that use flexible electronics while having a smartphone clasped around your wrist. Flex circuits’ flexibility to be customized virtually ensures that businesses will continue to employ them for innovative new applications and to enhance legacy products. This factor is expected to drive the growth of the Flexible Electronics market.
Flex circuits enable businesses to provide customers with more individualized experiences. As an illustration, consider goods like smart bracelets whose screens use flexible electronics. Systems, sensors, and displays are combined in a smart band to track and transmit data to users. These gadgets frequently enable users to monitor their health and communicate with their peers. These complicated gadgets may be worn on your wrist thanks to flex circuits. Flex circuits may be customized to precisely meet the requirements of a specific application, in addition to merely giving customers personalized data. This factor is expected to drive the growth of the Flexible Electronics market.
To continually improve their goods, major industry players are making significant investments in R&D. Major corporations are encouraging and challenging one another to make use of flexible technology through these advances. It is anticipated that companies in the flexible electronics and circuit market would benefit financially from the industry’s ongoing technical advancement. This factor is expected to drive the growth of the Flexible Electronics market.
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FLEXIBLE ELECTRONICS MARKET SHARE ANALYSIS
Growth in the Asia-Pacific area is anticipated. This is due to the region’s abundance of leading consumer electronics manufacturers. The desire for inexpensive consumer electronics is increasing, which is driving up demand for flexible electronics. Additionally, due to the availability of inexpensive production inputs in the area, the government’s increased efforts are luring FDIs and assisting numerous vertical participants to establish their manufacturing facilities in countries like India, China, and Indonesia. As a result, the market for flexible electronics in Asia and the Pacific is anticipated to expand quickly in the years to come.
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Key Companies:
- Sumitomo Electric
- Nitto
- Career Technology (Mfg.) Co. Ltd
- Flexcom Inc
- Daeduck GDS
- Fujikura Ltd
- All Flex
- CONTAG AG
- Amphenol
- Cicor Group
- Minco
- PCB Solutions
- Elcom Design
- Reid Industrial
- Tesa
- Multi-Fineline Electronix Inc. (MFLEX)
- Interflex Co. Ltd
- NewFlex Technology Co. Ltd
- NOK Corp
- PICA
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SIMILAR REPORTS
– Flexible Battery market was valued at US$ 427.9 million in 2022 and is anticipated to reach US$ 3871.3 million by 2029, witnessing a CAGR of 36.4% during the forecast period 2023-2029.
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– Connector market was valued at USD 62.3 billion in 2020, and is projected to reach USD 114.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.
– Semiconductor Liquid Filters market size is estimated to be worth USD 444.89 Million in 2022 and is forecast to a readjusted size of USD 876.32 Million by 2029 with a CAGR of 11.8%.
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– Pro AV market size is estimated to grow USD 2677.7 Million by 2028 with a CAGR of 4.1% during the review period.
– Printed Circuit Board market was valued at US$ 70850 million in 2020 and it is expected to reach US$ 90930 million by the end of 2027, growing at a CAGR of 3.8% during 2021-2027.
– Consumer Electronics Market Revenue is about USD 850 Billion in 2021, projected to have a CAGR 5.1%.
– Mobile phone accessories market size was valued at USD 224.69 Billion in 2018, and is projected to reach at USD 284.06 Billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026.
– The global Integrated Passive Devices market size was US$ 916 million in 2022 and is forecast to a readjusted size of US$ 1327.9 million by 2029 with a CAGR of 5.0% during the forecast period 2023-2029.
– Mobile device management market size was valued at US$ 8.49 billion in 2020 and is projected to reach US$ 98.71 billion by 2030 growing at a CAGR of 27.8% from 2021 to 2030.
– Bluetooth Headphones market size was US$ 18760 million and it is expected to reach US$ 41110 million by the end of 2027, with a CAGR of 11.7% during 2021-2027.
– NAND Flash market size was USD 18480 Million and it is expected to reach USD 74330 Million by the end of 2027, with a CAGR of 22.0% during 2021-2027.
– Audio CODEC market size was valued at USD 11.44 Billion in 2019, and is projected to reach USD 14.12 Billion by 2027, registering a CAGR of 4.1% from 2020 to 2027.
– Power electronics market size was valued at USD 23.25 Billion in 2019 and is expected to reach USD 36.64 Billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027.
– The space electronics market was valued at USD 3.3 Billion in 2021, and is projected to reach USD 5.4 Billion by 2031, growing at a CAGR of 5.04% from 2022 to 2031.
– Power Semiconductor market was valued at US$ 46070 million in 2022 and is anticipated to reach US$ 66420 million by 2029, witnessing a CAGR of 5.3% during the forecast period 2023-2029.
– The Testing, Inspection, and Certification market was valued at US$ 116700 million in 2022 and is anticipated to reach US$ 142710 million by 2029, witnessing a CAGR of 3.4% during the forecast period 2023-2029.
– The global wearable technology market size was valued at US$ 54841.40 million in 2020 and is projected to reach US$ 184403.60 million by 2031 growing at a CAGR of 12.8% from 2022 to 2031.
– Protective Cases for Consumer Electronics Market
– Stretchable Electronics market was valued at US$ 1795.3 million in 2022 and is anticipated to reach US$ 6230.5 million by 2029, witnessing a CAGR of 14.3% during the forecast period 2023-2029.
– Custom Electronics Manufacturing Services Market
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– Digital Thread market size is projected to reach US$ 3698.7 million by 2027, from US$ 337.1 million in 2020, at a CAGR of 39.7% during 2021-2027.
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– Graphene Electronics market was valued at US$ 340.6 million in 2022 and is anticipated to reach US$ 1318.5 million by 2029, witnessing a CAGR of 20.8% during the forecast period 2023-2029.
– Embedded Flexible Electronics Market
– Barrier Films Flexible Electronics market was valued at US$ 23050 million in 2022 and is anticipated to reach US$ 28100 million by 2029, witnessing a CAGR of 2.8% during the forecast period 2023-2029.
– Roll-to-Roll Printing for Flexible Electronics Market
– Flexible Electronics & Circuit market was valued at US$ 18870 million in 2022 and is anticipated to reach US$ 55220 million by 2029, witnessing a CAGR of 16.3% during the forecast period 2023-2029.
– Printed and Flexible Electronics Market
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