The Europe Flexible Electronics Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030).
The military and defense sector has embraced flexible electronics for its potential to provide lightweight and adaptable solutions. Flexible displays, sensors, and communication devices offer advantages in terms of portability and resilience in challenging environments. The military's focus on enhancing situational awareness and communication capabilities has fuelled the integration of flexible electronic technologies. In healthcare, the integration of these has led to the development of monitoring devices that can adhere to the skin or be implanted within the body.
Flexible sensors for continuous monitoring of vital signs, glucose levels, and other health parameters offer a non-invasive and patient-friendly approach to healthcare management. In addition to skin-adherent devices, flexible electronics have paved the way for implantable sensors that can be placed within the body. These sensors provide deeper insights into physiological processes, enabling healthcare professionals to gather critical data for diagnostic and monitoring purposes.
The aerospace sector in the United Kingdom has substantially contributed to the country's economy, and there is growing interest in UAVs and drones. They can play a role in miniaturizing components for these vehicles, contributing to enhanced performance, communication, and data collection capabilities. As per the International Trade Administration, the aerospace sector in the United Kingdom is export-driven and ranks second largest globally, after the United States. Thus, Europe's rising automotive and aerospace sectors are expected to drive their demand in the region.
The Germany market dominated the Europe Flexible Electronics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,313.6 million by 2030. The UK market is exhibiting a CAGR of 6.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.2% during (2023 - 2030).
Free Valuable Insights: The Global Flexible Electronics Market will Hit $46 Billion by 2030, at a CAGR of 8.0%
Based on Component, the market is segmented into Flexible Display, Flexible Memory, Flexible Sensors, Flexible Battery, and Flexible Photovoltaics. Based on Application, the market is segmented into Consumer Electronics, Medical & Healthcare, Aerospace & Defense, Automotive, Energy & Power, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Component
By Application
By Country
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