Flexible Electronics Market Growth Accelerated by Emergence of Need for Lightweight and Sustainable Products

Flexible Electronics Market


Flexible electronics integrate electronic devices fabricated on flexible and lightweight substrates and find applications in various industries like consumer electronics, automotive, healthcare, energy & power, and others. Flexible displays, thin-film batteries, flexible printed circuits, OLED lighting, and thin-film photovoltaics are some key products associated with the flexible electronics market. The demand for lightweight and sustainable electronic products is driving innovations in the flexible electronics domain.

The global flexible electronics market is estimated to be valued at US$ 30.71 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The emergence of need for lightweight and sustainable electronic products is driving innovations and accelerating growth in the flexible electronics market. Manufacturers are developing cutting-edge flexible electronic components and devices such as thin, lightweight and unbreakable displays to meet this rising demand. Flexible electronics offer significant advantages over conventional rigid electronics as they are thin, lightweight, consume low power, bendable, rollable and highly durable. They enable novel product designs and form factors in various industries. Ongoing R&D activities to commercialize advanced flexible products will fuel market growth over the forecast period.

Segment Analysis
The global flexible electronics market is dominated by the displays segment. Flexible displays are finding widespread adoption in smartphones, tablets and other consumer electronics owing to their thin, lightweight and rollable nature. The demand for curved and foldable displays from smartphone manufacturers is driving growth of the displays segment.

Key Takeaways
Global Flexible Electronics Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The growing demand for lightweight, portable and bendable devices from end-use industries such as consumer electronics, automotive and healthcare is fueling market expansion.

Regional analysis: Asia Pacific is expected to remain the fastest growing region in the flexible electronics market during the forecast period. This can be attributed to strong presence of electronic device manufacturers and flexible electronics suppliers in countries such as China, South Korea and Japan. High investments towards development of OLED technology by China and South Korea are enhancing regional growth.

Key players operating in the flexible electronics market are Ceva Logistics Ag, Kuehne + Nagel International Ag, Dhl International Gmbh (Deutsche Post Ag), Ryder System, Inc., United Parcel Service, Inc., Db Schenker (Deutsche Bahn Ag), Xpo Logistics, Inc., Dsv A/S, Nippon Express Co., Ltd. Flexible displays are predominantly manufactured by these players for various end-use industries.

Get More Insights on this Topic- 

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more