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    Breaking News

    MarketsandMarkets: Flexible Electronics and Circuit Market Worth $40.37B by 2023

    Anticipates a CAGR of 11.0% between 2018 and 2023.

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    02.22.18
    According to MarketsandMarkets’ new market research report, “Flexible Electronics & Circuit Market by Application (OLED & LCD Display, Printed Sensor, Battery, Thin-Film PV, OLED Lighting), Circuit Structure (Single-Sided, Multilayer, Double-Sided, Rigid), Vertical, and Geography - Global Forecast to 2023,” the flexible electronics market is expected to grow from $23.92 billion in 2018 to $40.37 billion by 2023, at the CAGR of 11.0% between 2018 and 2023.
     
    Flexible electronics are formed by mounting electronic devices on a flexible/plastic substrate, such as a polyimide or transparent conductive polyester film. The development of flexible electronics has spanned the past 40 years, ranging from the development of flexible solar cell arrays to flexible OLED electronics on plastic substrates. Flexible electronic devices are easier to integrate into the end product and also tend to be lighter in weight.
     
    The increasing adoption of flexible displays in smartphones and wearables is strongly driving market growth. The emergence of flexible batteries suitable for IoT and wearable applications is a good opportunity for market growth at the global level.
     
    LCD and OLED displays are expected to hold the largest share of flexible electronics market during 2018–2023. The market for displays is led by industry leaders such as Samsung and LG, who produce flexible OLED display panels that are largely being deployed in smartphones, smart wearables, and televisions. Leading smartphone manufacturers, such as Samsung and Apple, have adopted flexible OLED displays in their flagship smartphones. Flexible displays are also increasingly being deployed for television and digital signage applications due to their aesthetic appeal.
     
    The automotive vertical is increasingly adopting flexible electronic devices as they can be easily integrated with the vehicle design allowing compact assembly. Flexible displays, OLED lighting solutions, and printed sensors are actively adopted in the automotive vertical.
     
    APAC dominated the flexible electronics market, accounting for the largest market share in 2017. In addition, the region is likely to be the fastest-growing market for flexible electronics during the forecast period. APAC is the hub for manufacturers and customers of flexible OLED panels. In the market, Samsung and LG have been the leading companies that deploy flexible displays in smartphones and televisions. In APAC, flexible sensors are also increasingly being used for healthcare applications.
     
    APAC has witnessed an increase in the installation of thin-film PVs in the recent years, and their deployment is expected to increase steadily in China. With Japan and India being prominent countries in the adoption of thin-film PVs, other countries in the region are also shifting toward renewable energy resources.
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    Related Breaking News

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      Zebra Technologies Announces 4Q, Full-Year 2018 Results

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      Strong fourth-quarter net sales of $1,137 million, with year-over-year growth of 10.8%.
      02.15.19

    • Breaking News | Displays and Lighting | Mergers and Acquisitions | Sensors and Wearables
      Osram Invests in Beaconinside

      Osram Invests in Beaconinside

      Berlin-based company is developing IoT industry solutions for the retail, smart city and logistics sectors.
      02.15.19

    • Breaking News | RFID and NFC

      NFC-Label by Schreiner MediPharm for Ypsomed’s SmartPilot Supports Smart Self-Medication

      Stored information about the medication is transmitted to its electronic add-on and recorded via the autoinjector.
      02.15.19


    • Breaking News | Sensors and Wearables
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      Using AiFi’s integrated in-store sensor fusion and AI technology, tiny stores provide Shop and Walk convenience for customers.
      02.14.19

    • Breaking News | Flexible and Printed Electronics
      LOPEC 2019:

      LOPEC 2019: 'Take Off' with Printed Electronics

      Plenary lecture 'Applications for printed electronics in the aviation industry' will take place March 21 at 9:25 a.m.
      02.14.19

    • Breaking News | Personnel | Research Institutions
      NREL Names Achilles Karagiozis as Buildings, Thermal Sciences Center Director

      NREL Names Achilles Karagiozis as Buildings, Thermal Sciences Center Director

      Karagiozis will manage a team of approximately 100 researchers.
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    • Breaking News | Product Releases | Semiconductors and Quantum Dots | Sensors and Wearables

      ON Semiconductor Introduces the RSL10 Sensor Development Kit

      Out-of-the-box sensor platform provides enhanced sensor technology with industry’s lowest power Bluetooth Low Energy.
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    • Breaking News | Research Institutions | Universities
      PARC, GMU Selected for DARPA Configuration Security Project

      PARC, GMU Selected for DARPA Configuration Security Project

      Partnership aimed to improve security configurations for defense infrastructure and IoT-based systems.
      02.13.19

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      FEIG Electronics Designs New Line of Robust UHF Antennas

      Operating from below freezing to extremely hot temperatures, the Robust UHF Antennas will work with any reader.
      02.13.19


    • Breaking News | Research Institutions | Smart Cards and Packaging
      CPI Presents at Pharmapack in Paris

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      The development of printable electronics is expected to support a number of medical sector advances.
      02.13.19

    • Breaking News | RFID and NFC
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      New mobile computing and data capture devices help improve the quality, safety and cost of patient care.
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      FEIG Debuts Hybrid Barcode/RFID Wearable at LogiMAT 2019

      ideal tool for use in warehouse, distribution, manufacturing, baggage handling, parcel delivery and logistics operations.
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      Phoseon Celebrates 2018 Milestones

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    Breaking News
    • Zebra Technologies Announces 4Q, Full-Year 2018 Results
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    • NFC-Label by Schreiner MediPharm for Ypsomed’s SmartPilot Supports Smart Self-Medication
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    • LOPEC 2019: 'Take Off' with Printed Electronics
    View Breaking News >
    CURRENT ISSUE

    Fall 2018

    • Printed Electronics Now’s International Suppliers’ Directory
    • Brand Owners See Benefits of Smart Packaging
    • OLEDs, Quantum Dots Make Gains in the Display Market
    • New Opportunities for Flexible Sensors
    • Flexible Electronics Applied to the Development of Sensors
    • Conference Gives Glimpse into Future of Printed Electronics, Conductive Inks
    • View More >

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