Flexible Electronics Market Size

Flexible Electronics Market size was valued at USD 649.38 million in 2024 and is anticipated to cross USD 16.6 billion by the end of 2037, expanding at more than 28.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flexible electronics is estimated at USD 795.88 million.

The growth of the market can be attributed to the rising demand and production of OLED (Organic Light Emitting Diode) displays coupled with increasing use in the development of electronic circuits. According to recent statistics, the global RGB OLED panel production for mobile devices in 2022 reached about 30 square million meters. Furthermore, the increasing demand for flexible electronics has already witnessed various innovations such as mechanical design, material synthesis, and fabrication strategies. The use of stretchable electronic circuits is widely useful in the healthcare sector. Medical devices use these circuits in fitness trackers, device monitors, and skin patches to observe the slightest changes. The growing healthcare industry and digitalization adoption among people are also estimated to drive the growth of the market.

The global flexible electronics market is also projected to grow on the back of the increasing adoption of flexible electronics in the automotive industry as well as in defense. The use of thinner electronics on the substrate material helps reduce the vehicle’s weight and is considered a primary concern in the production of vehicles. Therefore, the growth of the automobile industry is anticipated to result in increased demand for flexible electronics in the market. According to recent statistics, worldwide automobile manufacturing is projected to reach 97 million units in the coming years, supported by rising global population levels and emerging market prosperity. The rising preference for lightweight vehicles among people to reduce fuel costs and increase the efficiency of the engine is anticipated to boost the market growth as per the market analysis.