The global flexible electronics market is anticipated to grow at a considerable CAGR of 15.8% during the forecast period (2021-2027). Growing adoption of flexible devices in different applications such as consumer electronics, rise in demand for compact and energy-efficient electronics, increasing demand for biosensors in healthcare is the driving factor of the flexible electronics market. Tedious and time-consuming manufacturing processes, the high cost of circuits over rigid PCB is restraining the market. The introduction of new technologies such as flexible batteries for IoT and wearable devices is the opportunity of the global flexible market.
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The foldable smartphone is an innovation brought through flexible electronics. For instance, Motorola had launched its foldable flagship phone, Moto Razr in 2020. Similarly, Samsung had launched the Galaxy Z Flip phone in March 2020. With the increasing users of smartphones, the global market of flexible electronics is expected to grow considerably with it. Additionally, the market players of this market are continuously launching new innovated products to give strength to the market growth. For instance, OLEDWorks had launched Nadarra Lighting in September 2019.
A Full Report of Global Flexible Electronics Market is Available at: https://www.omrglobal.com/industry-reports/flexible-electronics-market
Global Flexible Electronics Market Report Segment
By Components
- Flexible Display
- Flexible Battery
- Flexible Sensors
- Flexible Memory
By Application
- Consumer Electronics
- Healthcare
- Automotive
- Energy & Power
- Defense & Aerospace
- Others
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
