Flexible Electronics Market Analysis with Inputs from Industry Experts on Current Key Players, Forecast by 2026


Posted July 21, 2022 by avinashgogawale14

At a predicted CAGR of 8.8% from 2021 to 2026, the Flexible Electronics Market Size is expected to grow from USD 31.9 billion in 2021 to USD 48.5 billion by 2026.

 
At a projected CAGR of 8.8% from 2021 to 2026, The Flexible Electronics Market Size is expected to grow from an estimated USD 31.9 billion in 2021 to USD 48.5 billion by 2026. One of the factors propelling the expansion of the Flexible Electronics & Circuit Market is the increase in consumer electronics device demand.

OLED lighting is anticipated to see the highest CAGR across applications throughout the course of the projected period.

According to application, the Flexible Electronics Market's OLED lighting segment is anticipated to see the greatest CAGR. High-end automakers like General Motors, Tesla, and Audi are anticipated to adopt flexible OLED lighting solutions more frequently in the automobile sector. It is also anticipated that the existence of well-known lighting solution producers like Acuity Brands, LG Display, and OSRAM will expand the market for flexible electronics for OLED lighting.

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Key Players

Some of the major players in the Flexible Electronics & Circuit Market include Samsung Group (South Korea), LG Corp. (South Korea), Panasonic Corporation (Japan), The 3M Company (US), Konica Minolta Inc. (Japan), First Solar, Inc. (US), E Ink Holdings (Taiwan), PragmatIC Printing Ltd. (UK), Blue Spark Technologies, Inc. (US), and BrightVolt Technologies (US).

Automotive is anticipated to expand at the greatest CAGR among all verticals throughout the projection period.

During the forecast period, the automotive vertical is anticipated to have the greatest CAGR. The adoption of flexible screens (LCD and OLED) and OLED lighting panels in automobiles is responsible for this growth. Prominent automakers like Ford, General Motors, Nissan, Toyota, BMW, and Audi are projected to see a surge in demand for flexible lighting on a global scale. The partnership between LG and Hyundai for flexible screens in electric vehicles will also considerably aid market expansion.

The Flexible Electronics & Circuit Market in APAC is anticipated to see the greatest CAGR.

Based on region, the Flexible Electronics Market had the biggest share in APAC in 2020. Leading companies from the flexible electronics ecosystem like Samsung Group, LG Corp., Panasonic Corporation, and Konica Minolta Inc. are present in the industry, which is contributing to its growth. These manufacturers have considerably boosted the market's growth in APAC by snatching up a sizable portion of the flexible electronics market. North America's flexible electronics market is anticipated to grow at the greatest CAGR from 2021 to 2026, mostly as a result of the expansion of high-tech flexible electronics industries for military applications.

Browse For More Details - https://www.prnewswire.com/in/news-releases/flexible-electronics--circuit-market-worth-4037-billion-usd-by-2023-674569143.html

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Last Updated July 21, 2022