Global Flexible Electronics & Circuit Market Report Size, Trends & Growth Opportunity, By Structure Type, By Application, By Vertical, By Region and forecast till 2027.
Report ID : QR1001438 | Industries : Others | Published On :February 2022 | Page Count : 235
Global Flexible Electronics & Circuit Market Report Size, Trends & Growth Opportunity, By Structure Type, By Application, By Vertical, By Region and forecast till 2027.
Global Flexible Electronics & Circuit Market
Flexible Electronics & Circuit Market was valued at USD 29.91 Billion in 2020 and is projected to reach USD 50.60 Billion by 2027, growing at a CAGR of 6.76 % from 2021 to 2027.
By placing the electronic components on the plastic or flexible substrate like polyester film, polyimide, Flexible Electronics and circuits are formed. A flex circuit is the broader part of electronics where the integrated circuits are built in a manner that is capable of twisting, folding, and wrapping, without affecting its functionality called as flexible electronic.
Market Drivers
Increasing demand and Significant growth in consumer electronic devices like smartphones, PCs, TVs, tablets, wearables are the main driving factors for the growth of the market.
Moreover, widespread product adoption in the healthcare industry is also boosting the market growth and product integration with the Internet of Things (IoT) and artificial intelligence (AI) is also another growth-inducing factor.
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Market Restraints
High investment cost is the main restraining factor of the market growth due to the cost of new materials and equipment for flexible electronics research is very high.
The well-established market for rigid electronic products and Fluctuations in the prices of raw materials will challenge the flexible electronics market throughout the forecast period.
Market Segmentation
Flexible Electronics & Circuit Market sis segmented into major 4 categories. Based on Structure Type, the market is segmented into Single-Sided Flex Circuit, Double-Sided Flex Circuit, Multilayer Flex Circuit and Others. Based on Application, the market is segmented into Display, LCD, Printed Sensor, Thin-Film Photovoltaics and Others. Based on Vertical, the market is segmented into Healthcare, Energy and Power, Automotive and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
North America is anticipated to hold the largest share of the market during the forecast period because of the increasing establishment of high-technology industries of flexible electronics for military use.
Asia-Pacific is also expected to witness significant growth throughout the forecast period, due to being home for few of the biggest semiconductor and electronics companies in the world.
Market Key Players
Some of the key players operating in Global Flexible Electronics & Circuit Market are LG Group, First Solar, The 3M Company, Multi-Fineline Electronics, Konica Minolta, Samsung Group, Solar Frontier, PragmatIC Printing Ltd., BrightVolt Technologies, Blue Spark Technologies, Inc.
Industry development
In October 2020, Samsung Electronics and Kyocera Communication Systems (KCCS) signed a Memorandum of Understanding (MoU) to jointly expand the private 5G network business in Japan. This will help the company to expand its 5G capabilities in Japan and provide a flexible, reliable private network.
In January 2021, LG acquired the controlling stake in TV data and measurement firm, ALPHONSO. This will allow the company to provide even more customized services and content to consumers.
In January 2021, First Solar, Inc. entered into an agreement with Leeward Renewable Energy Development, LLC to sell its US development platform. This acquisition comprises 1.8 GWDC of First Solar modules. The acquisition will help the company to scale, develop, and sell its products.
Global Flexible Electronics & Circuit Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Flexible Electronics & Circuit Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Flexible Electronics & Circuit Market, By Structure Type
5.1 Y-o-Y Growth Comparison, By Structure Type
5.2 Flexible Electronics & Circuit Market Share Analysis, By Structure Type
5.3 Flexible Electronics & Circuit Market Size and Forecast, By Structure Type
5.3.1 Single-Sided Flex Circuit
5.3.2 Double-Sided Flex Circuit
5.3.3 Multilayer Flex Circuit
5.3.4
6 Flexible Electronics & Circuit Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Flexible Electronics & Circuit Market Share Analysis, By Application
6.3 Flexible Electronics & Circuit Market Size and Forecast, By Application
6.3.1 Display
6.3.2 LCD
6.3.3 Printed Sensor
6.3.4 Thin-Film Photovoltaics
6.3.5 Others
7 Flexible Electronics & Circuit Market, By Vertical
7.1 Y-o-Y Growth Comparison, By Vertical
7.2 Flexible Electronics & Circuit Market Share Analysis, By Vertical
7.3 Flexible Electronics & Circuit Market Size and Forecast, By Vertical
7.3.1 Healthcare
7.3.2 Energy and Power
7.3.3 Automotive
7.3.4 Others
8 Flexible Electronics & Circuit Market, By Region
8.1 Flexible Electronics & Circuit Market Share Analysis, By Region
8.2 Flexible Electronics & Circuit Market Share Analysis, By Region
8.3 Flexible Electronics & Circuit Market Size and Forecast, By Region
9 North America Flexible Electronics & Circuit Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Flexible Electronics & Circuit Market Share Analysis, By Structure Type
9.3 North America Flexible Electronics & Circuit Market Size and Forecast, By Application
9.4 North America Flexible Electronics & Circuit Market Size and Forecast, By Vertical
9.5 North America Flexible Electronics & Circuit Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Flexible Electronics & Circuit Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Flexible Electronics & Circuit Market Share Analysis, By Structure Type
10.3 Europe Flexible Electronics & Circuit Market Size and Forecast, By Application
10.4 Europe Flexible Electronics & Circuit Market Size and Forecast, By Vertical
10.5 Europe Flexible Electronics & Circuit Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Flexible Electronics & Circuit Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Flexible Electronics & Circuit Market Share Analysis, By Structure Type
11.3 Asia Pacific Flexible Electronics & Circuit Market Size and Forecast, By Application
11.4 Asia Pacific Flexible Electronics & Circuit Market Size and Forecast, By Vertical
11.5 Asia Pacific Flexible Electronics & Circuit Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Flexible Electronics & Circuit Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Flexible Electronics & Circuit Market Share Analysis, By Structure Type
12.3 Latin America Flexible Electronics & Circuit Market Size and Forecast, By Application
12.4 Latin America Flexible Electronics & Circuit Market Size and Forecast, By Vertical
12.5 Latin America Flexible Electronics & Circuit Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Flexible Electronics & Circuit Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Flexible Electronics & Circuit Market Share Analysis, By Structure Type
13.3 Middle East Flexible Electronics & Circuit Market Size and Forecast, By Application
13.4 Middle East Flexible Electronics & Circuit Market Size and Forecast, By Vertical
13.5 Middle East Flexible Electronics & Circuit Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 LG Group
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 First Solar
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 The 3M Company
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Multi-Fineline Electronics
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Konica Minolta
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Samsung Group
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Solar Frontier
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 PragmatIC Printing Ltd.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 BrightVolt Technologies
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Blue Spark Technologies, Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies