Flexible electronics market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- According to Technavio, the global flexible electronics market size is estimated to grow by USD 20861.94 million from 2022 to 2027. The market is estimated to grow at a CAGR of 9.82% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 46%. For more Insights on market size Request a sample report
Flexible electronics market - Five Forces The global cloud data warehouse market is fragmented, and the five forces analysis covers?
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
Threat of Substitutes
Interpretation of porter's five models helps to strategize the business, for entire details ? buy the report!
Flexible electronics market ? Customer Landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Segment Overview Technavio has segmented the market based on application (displays, printed sensors, batteries, thin-film photovoltaics, and others), end-user (consumer electronics, automotive, healthcare, military and defense, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The market growth will be significant in the displays segment during the forecast period. Flexible displays are light in weight, foldable, and bendable. They are very durable than their counterparts and can be manipulated without breaking. Hence, many electronic device manufacturers are working on the development of flexible displays for smartphones, tablet computers, and advanced consumer electronic devices.
Geography Overview By geography, the global flexible electronics market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global flexible electronics market.
APAC will account for 46% of the market growth during the forecast period. The region has a high concentration of display device manufacturers and OLED panel manufacturers. In addition, the presence of a well-established supply chain for display devices is driving the growth of the flexible electronics market in APAC.
Many electronic device manufacturers are expanding their manufacturing capacity and investing in their manufacturing plants.
Countries such as South Korea, Taiwan, China, and India are emerging as preferable investment destinations for setting up next-generation manufacturing plants.
For instance, developing countries such as India are launching several initiatives such as "Make in India" to attract investments.
These developments are accelerating activities such as R&D and product development in the consumer electronics industry, which is driving the growth of the market.
Leading trends influencing the market
The advent of conceptual flexible display products is identified as the major trend in the market.
Flexible electronics are becoming mainstream products with different conceptual-level products being prototyped by electronics device manufacturers.
Major companies such as Microsoft and Sony are prototyping screen consoles for their gaming products that provide a more appealing experience for gamers.
Companies such as Samsung are launching curved-screen TVs and are now prototyping these TVs with flexible screens.
With increasing development of conceptual display products, the market growth will accelerate during the forecast period.
Major challenges hindering the market growth
The lack in mass production of flexible OLED displays is one of the key challenges hindering the market growth.
The market in focus is still in a nascent stage as there is a lack of mass-production plants to manufacture products at the desired rate.
This is leading to a lack of commercialization of products, which makes it difficult for vendors to achieve higher profits.
Most R&D activities in the field of flexible electronics happen in North America. However, mass production plants are located in APAC, which is creating a lag between the prototype and product stages.
The roll-to-roll flexible electronics market size is expected to increase by USD 4.90 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.05%. The rising adoption of smartphones is notably driving the roll-to-roll flexible electronics market growth, although factors such as lag in mass production of flexible OLED displays may impede the market growth.
The flexible display market size is expected to increase to USD 18.93 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.22%. The increased R&D investments is notably driving the flexible display market growth, although factors such as reduced shelf life of products may impede the market growth.
Flexible Electronics Market Scope
Report Coverage
Details
Page number
175
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 9.82%
Market growth 2023-2027
USD 20861.94 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
9.01
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 46%
Key countries
US, South Korea, Japan, China, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
3M Co., AU Optronics Corp., Blue Spark Technologies, Buhler AG, Corning Inc., Cymbet Corp., DuPont de Nemours Inc., E Ink Holdings Inc., Enfucell, FlexEnable Ltd., Imprint Energy Inc., Kateeva Inc., Koch Industries Inc., LG Corp., Microchip Technology Inc., Royole Corp., Samsung Electronics Co. Ltd., Shenzhen Radiant Technology Co. Ltd., The Lubrizol Corp., and Visionox Co.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Application
Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global flexible electronics market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global flexible electronics market 2017 - 2021 ($ million)
Exhibit 184: The Lubrizol Corp. - Product / Service
Exhibit 185: The Lubrizol Corp. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 186: Inclusions checklist
Exhibit 187: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 188: Currency conversion rates for US$
13.4 Research methodology
Exhibit 189: Research methodology
Exhibit 190: Validation techniques employed for market sizing
Exhibit 191: Information sources
13.5 List of abbreviations
Exhibit 192: List of abbreviations
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