Flexible Electronics Market Trends

Growth Drivers

Rising Trend of IoT Devices with Increasing Adoption of Electronics – Flexible Electronics have many applications in health care including medical wearables and remote patient monitoring. The growth of the healthcare industry is anticipated to increase the demand for flexible electronics in the market. As per data by the India Brand Equity Foundation, the valuation of the Indian Healthcare sector is estimated to reach 372 billion by the end of 2022, up from USD 110 billion in 2016.
Government Support through Policy and Investments with Growing Internet Penetration - According to data from India Brand Equity Foundation, the Government of India had set a target of attracting investments of around USD 2.4 billion in the electronics manufacturing sector by 2021-22.
Increasing Adoption of Smartwatch and Wearables with Increasing Disposable Income – As per data, the number of wearable device users in the United States reached 86 million in 2019, up from 80 million in 2018.
Growth of the Consumer Electronics Industry Owing to Digitalization Around the World – According to data from the Indian Brand Equity Foundation, the appliance and consumer electronics industry in India was valued at around USD 9 billion in 2021 and is expected to reach a valuation of USD 21 billion by the end of 2025.
Rising Growth of the Healthcare Industry with Increasing Concern on Health – flexible electronics have many applications in health care including medical wearables and remote patient monitoring. The growth of the healthcare industry is anticipated to increase the demand for flexible electronics in the market. As per data by the India Brand Equity Foundation, the valuation of the Indian Healthcare sector was estimated to reach 372 billion by the end of 2022, up from USD 110 billion in 2016.

Challenges

High cost of Research - The cost of research in developing flexible electronics is expensive as it involves the study of various accepts. This includes data collection, practical possibilities, equipment, skilled professionals, and raw materials. All these require a huge investment in the research phase which hampers the growth of the Flexible Electronics Market.
Trained Workforce is Required for the Development of Operation
Less Awareness of the Benefits of flexible electronics in the Market

Flexible Electronics Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	28.2%
Base Year Market Size (2024)	USD 649.38 million
Forecast Year Market Size (2037)	USD 16.6 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of flexible electronics is estimated at USD 795.88 million.

The 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. Increasing adoption of smartwatches & wearables along with the rising trend of IoT devices will boost the market growth.

Asia Pacific industry is expected to account for majority revenue share by 2037, due to rising growth of the electronic consumer durable industry along with increasing government support in the region.

The major players in the market include LG Display Co., Ltd., Samsung Electronics, Innolux Corporation, AUO Corporation, Japan Display Inc., Sharp Corporation, BOE Technology Group Co., Ltd., Visionox Technology Inc., E Ink Holdings Inc., Corning Incorporated.

Flexible Electronics Market Trends