According to a new report, published by KBV research, The Global Flexible Electronics Market size is expected to reach $46.0 billion by 2030, rising at a market growth of 8.0% CAGR during the forecast period.
Flexible sensors with AI capabilities enable real-time data processing and decision-making directly at the edge of the device. This trend enhances the autonomy and intelligence of flexible electronic systems in applications such as smart sensors and robotics. Likewise, as environmental sustainability becomes a priority, developing biodegradable and eco-friendly materials for flexible electronics is gaining traction. Manufacturers are exploring materials that offer flexibility and minimize the environmental impact during production and disposal. Likewise, quantum dot technology is being harnessed to develop high-performance flexible displays.
The Flexible Display segment is generating highest revenue in the Global Flexible Electronics Market by Component in 2022; thereby, achieving a market value of $22.349 billion by 2030. Flexible displays have gained prominence in smartphones, smartwatches, and other wearable devices. The ability to create curved or foldable screens enhances the design and functionality of these devices, contributing to increased adoption. Advances in OLED (Organic Light-Emitting Diode) and AMOLED (active-matrix organic light-emitting diode) technologies have been crucial in developing flexible displays. These technologies enable thin, lightweight, and flexible screens with vibrant colors and high contrast ratios. Therefore, these factors will lead to increased demand in the segment.
The Medical & Healthcare segment is experiencing a CAGR of 7.7% during (2023 - 2030). The demand for wearable devices for health monitoring has surged in recent years. Flexible electronics are crucial in developing wearable sensors and monitors that can be integrated into clothing or worn as patches. These devices allow continuous monitoring of vital indicators such as heart rate, temperature, and blood pressure, delivering real-time data to patients and healthcare providers. Hence, these factors can assist in the expansion of the segment.
Full Report: https://www.kbvresearch.com/flexible-electronics-market/
The Asia Pacific region dominated the Global Flexible Electronics Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19.6 billion by 2030. The North America region is anticipated to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 7.5% during (2023 - 2030).
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