$48.5 Billion Flexible Electronics & Circuit Markets, 2026
21 April 2021: Global flexible electronics market is projected to reach USD48.5 billion by 2026 from an estimated USD31.9 billion in 2021 at a CAGR of 8.8% from 2021 to 2026. The rising demand for consumer electronic devices is among the factors driving the growth of the flexible electronics & circuit market. The multilayer flex circuit held the largest share of the flexible circuit market in 2020, and will continue to hold a dominant position in the market during the forecast period
Multilayer flex circuits offer reduction in assembly costs, time, package size, and weight. They also offer better signal integrity than other structure types and are increasingly being used in the military, defense & aerospace; communications; automotive; and consumer electronics verticals. Multilayer flex circuit boards have very fine lines, allowing enough space for other components. Hence, multilayer flex circuit boards have high board density that is suitable for high density applications.
The consumer electronics vertical is expected to capture the largest share of the flexible electronics market based on vertical. The growth of this market can be attributed to the large-scale adoption of flexible displays in consumer electronic devices such as smartphones, wearables, televisions, etc. Flexible OLED displays are widely used in leading smartphones by industry leaders such as Apple Inc. and Samsung Group. Apple has plans to introduce the iPhone Flip with a flexible display. Such developments have significantly contributed to the growth of the overall flexible electronics market for the consumer electronics vertical.
APAC held the largest share of the overall flexible electronics market, based on region, in 2020. The growth of the market can be attributed to the presence of leading players from the flexible electronics ecosystem such as Samsung Group, LG Corp., Panasonic Corporation, and Konica Minolta Inc. These players have captured a major share of the flexible electronics market, thereby contributing significantly to the growth of the market in APAC.
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), are some of the key players in the flexible electronics & circuit market.
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