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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

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Date: 20-Feb-2018
No. of pages: 171
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“Flexible electronics market projected to grow at a CAGR of 11.0% during the forecast period”

The flexible electronics market is expected to grow from USD 23.92 billion in 2018to reach USD 40.37 billion by 2023, at a CAGR of 11.0% between 2018 and 2023. Flexible electronic devices are easy to assemble being light in weight and portable. This has resulted in the growing adoption of flexible electronic devices for solar power harnessing, healthcare, and consumer electronics application, which collectively drive market growth. The widespread use of rigid electronic devices is hindering the growth of the flexible electronics market to a large extent. Samsung Group (South Korea), LG Group (South Korea), and Solar Frontier (Japan) are some of the prominent players in the flexible electronics market.

“OLED lighting and flexible batteries are expected to demonstrate rapid growth in the flexible electronics market during the forecast period”

Flexible OLED lighting solutions are expected to be increasingly adopted for automotive applications as they are easy to integrate, provide improved luminosity, and offer optimization in saving space and cost. The growing interest in flexible OLED lighting from major automobile manufacturers is also expected to boost this high rate of adoption. Flexible batteries are also expected to be rapidly adopted for consumer, healthcare, and industrial applications. Improvements such as recharge ability will aid longer operational times in various applications.

“The consumer electronics vertical to hold the largest share of the market during the forecast period”

Flexible displays, printed sensors, and flexible batteries are being widely used in consumer devices. Flexible displays account for a major share of the flexible electronics market for consumer electronics. Flexible displays are prominently being adopted for smart phone, smart wearable, and television applications. Leading smart phone brands such as Apple and Samsung are playing a vital role in the growth of the flexible electronics market for flexible displays.

“APAC is expected to dominate the flexible electronics market during the forecast period”

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 smart phones and televisions. In APAC, flexible sensors are also increasingly 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.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts.

The break-up of the profile of primary participants is given below:


  • By Company Type: Tier 1 – 40%, Tier 2 –15%, and Tier 3 – 45%

  • By Designation: C-Level Executives – 25%, Directors – 55%, and Others – 20%

  • By Region: APAC– 67%, North America – 20%, and Europe – 13%


Major players profiled in the report are Samsung Group (Samsung Electronics and Samsung SDI) (South Korea); LG Group (LG Display and LG Chem) (South Korea); Solar Frontier (Japan); First Solar. (US); Panasonic (Japan); Konica Minolta (Japan); OLEDWorks (US); Blue Spark Technologies (US); Bright Volt (US); Heliatek (Germany); Cymbet (US); Palo Alto Research Center (US); Thin Film Electronics (Norway); Royole Corporation (US); FlexEnable (UK); and Enfucell (Finland).

Research Coverage

The market is analyzed in terms of various application areas, and the demand for flexible electronics for various applications is mapped with the prominent verticals and geographic regions to obtain an overall picture of the flexible electronics market. The flexible electronics market in terms of applications is segmented into display, thin-film photovoltaics (PVs), battery, printed sensor, and OLED lighting. The market based on verticals has been segmented into consumer electronics; healthcare; energy & power; automotive; military, defense, and aerospace; industrial; and others that include building automation, smart packaging, environment monitoring, communication hospitality, sports, and research. The geographical distribution of the flexible electronics market is categorized into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the flexible electronics market comprehensively and provides the closest market sizes and that of the subsegments across the different applications, verticals, and region.

  • The report helps stakeholders to understand the pulse of the market and provides the information on key market drivers, restraints, challenges, and opportunities.

  • This report would help stakeholders to better understand their competitors and gain more insights to enhance their position in the business.

  • The competitive landscape section includes competitor ecosystem, and major developments such as product launches and developments, mergers and acquisitions, partnerships, agreements, collaborations, expansions, and recent developments in the flexible electronics market.

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

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities for Flexible Electronics Market
4.2 Flexible Electronics Market, By Application
4.3 Flexible Electronics Market for OLED Display Application in APAC, By Country
4.4 Flexible Electronics Market for Thin-Film PV
4.5 Flexible Electronics Market for Printed Sensors
4.6 Flexible Electronics Market, By Region & Vertical, 2017
4.7 Attractive Growth Opportunities for Flexible Circuit Market
4.8 Flexible Circuit Market, By Structure Type, 2015–2023 (USD Billion)
4.9 Flexible Circuit Market, By Vertical, 2018 vs 2023 (USD Billion)
4.10 Flexible Circuit Market, By Region, 2015–2023 (USD Billion)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advantages of Flexible Electronics and Circuits
5.2.1.2 Adoption of Thin-Film Solar Modules for Varied Applications
5.2.1.3 Use of Flexible Displays for Applications Such as Smartphones and Wearable Devices
5.2.1.4 Employment of Flexible Electronic Components for IoT Applications
5.2.1.5 Implementation of Flexible Electronics for Healthcare Applications
5.2.1.6 Government Incentives/Support for Renewable Energy Projects and Lighting Technologies
5.2.2 Restraints
5.2.2.1 Established Market for Rigid Electronic Products
5.2.3 Opportunities
5.2.3.1 Emergence of Flexible Batteries
5.2.3.2 Use of Flexible Sensors in Smart Packaging and Tracking Applications
5.2.4 Challenges
5.2.4.1 Reduction in Manufacturing Cost and Availability of Materials at Affordable Prices
5.2.4.2 Requirement of Technological Improvements for Wider Adoption

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Value Chain Analysis: Flexible Electronics and Circuit Market
6.2.1.1 Research and Development
6.2.1.2 Component Manufacturing
6.2.1.3 Assembly and System Integration
6.2.1.4 End-Use Application
6.3 Market Trends With Respect to PV Cells
6.4 Market Trends With Respect to Displays

7 Flexible Circuit (FPCB) Market, By Structure Type, Vertical, and Geography
7.1 Introduction
7.2 Flexible Circuit (FPCB) Market, By Structure Type
7.2.1 Single-Sided Flex Circuit
7.2.2 Double-Sided Flex Circuit
7.2.3 Multilayer Flex Circuit
7.2.4 Rigid Flex Circuit
7.2.5 Others
7.2.5.1 Back Bared Or Double-Access Flexible Circuit
7.2.5.2 Sculptured Flex Circuit
7.2.5.3 Polymer Thick Film Flex Circuit
7.3 Flexible Circuit (FPCB) Market, By Vertical
7.4 Flexible Circuit (FPCB) Market, By Geography
7.4.1 North America
7.4.2 Europe
7.4.3 APAC
7.4.4 RoW

8 Flexible Electronics Market, By Application
8.1 Introduction
8.2 Display
8.2.1 LCD
8.2.2 OLED Display
8.3 Thin-Film Photovoltaics
8.3.1 CDTE
8.3.2 CIGS
8.3.3 A-SI
8.4 Printed Sensor
8.4.1 Biosensor
8.4.2 Image Sensor
8.4.3 Touch Sensor
8.4.4 Pressure Sensor
8.4.5 Temperature Sensor
8.4.6 Gas Sensor
8.4.7 Humidity Sensor
8.5 Battery
8.5.1 Thin-Film Battery
8.5.2 Curved Battery
8.5.3 Printed Battery
8.5.4 Others
8.6 OLED Lighting
8.7 Others

9 Flexible Electronics Market, By Vertical
9.1 Introduction
9.2 Consumer Electronics
9.3 Energy & Power
9.4 Healthcare
9.5 Automotive
9.6 Military, Defense, and Aerospace
9.7 Industrial
9.8 Others

10 Flexible Electronics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 APAC
10.4.1 South Korea
10.4.2 China
10.4.3 Japan
10.4.4 India
10.4.5 Taiwan
10.4.6 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East
10.5.2 Africa
10.5.3 South America

11 Competitive Landscape
11.1 Overview
11.2 Player Ranking Analysis: Flexible Electronics Market
11.3 Competitive Situations and Trends: Flexible Electronics Market
11.3.1 Product Development
11.3.2 Agreement, Partnership, Collaboration, Contract, and Joint Venture
11.3.3 Expansions
11.3.4 Mergers, Acquisition, & Investment
11.4 Competitive Landscape

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 Introduction
12.2 Key Players
12.2.1 Samsung Group (Samsung Electronics & Samsung SDI)
12.2.2 LG Group (LG Display & LG Chem)
12.2.3 Solar Frontier (Showa Shell Sekiyu)
12.2.4 First Solar
12.2.5 Panasonic
12.2.6 3M
12.2.7 E Ink Holdings
12.2.8 Multi-Fineline Electronix
12.2.9 Pragmatic Printing
12.2.10 Konica Minolta
12.3 Other Players
12.3.1 Blue Spark Technologies
12.3.2 Brightvolt
12.3.3 Heliatek
12.3.4 Cymbet Corporation
12.3.5 Palo Alto Research Center (PARC)(A Xerox Company)
12.4 Key Emerging and Innovative Players
12.4.1 OLEDworks
12.4.2 Thin Film Electronics
12.4.3 Royole Corporation
12.4.4 Flexenable Limited
12.4.5 Enfucell

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customization
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Major Secondary Sources
Table 2 Flexible Circuit Market, By Structure Type, 2015–2023 (USD Billion)
Table 3 Flexible Circuit Market, By Vertical, 2015–2023 (USD Billion)
Table 4 Flexible Circuit Market, By Region, 2015–2023 (USD Billion)
Table 5 Flexible Circuit Market in North America, By Country, 2015–2023 (USD Billion)
Table 6 Flexible Circuit Market in Europe, By Country, 2015–2023 (USD Billion)
Table 7 Flexible Circuit Market in APAC, By Country, 2015–2023 (USD Billion)
Table 8 Flexible Circuit Market in RoW, By Region, 2015–2023 (USD Million)
Table 9 Flexible Electronics Market, By Application, 2015–2023 (USD Billion)
Table 10 Flexible Electronics Market for Display Application, By Region, 2015–2023 (USD Billion)
Table 11 Flexible Electronics Market for Displays in APAC, By Country, 2015–2023 (USD Billion)
Table 12 Flexible Electronics Market for Displays in North America, By Country, 2015–2023 (USD Million)
Table 13 Flexible Electronics Market for Displays in Europe, By Country, 2015–2023 (USD Million)
Table 14 Flexible Electronics Market for Displays in RoW, By Region, 2015–2023 (USD Million)
Table 15 Flexible Electronics Market for Display Application, By Technology, 2015–2023 (USD Billion)
Table 16 Flexible Electronics Market for LCD, By Application, 2015–2023 (USD Million)
Table 17 Flexible Electronics Market for LCD, By Region, 2015–2023 (USD Million)
Table 18 Flexible Electronics Market for LCD in APAC, By Country, 2015–2023 (USD Million)
Table 19 Flexible Electronics Market for LCD in North America, By Country, 2015–2023 (USD Million)
Table 20 Flexible Electronics Market for LCD in Europe, By Country, 2015–2023 (USD Million)
Table 21 Flexible Electronics Market for LCD in RoW, By Region, 2015–2023 (USD Million)
Table 22 Flexible Electronics Market for OLED Displays, By Application, 2015–2023 (USD Million)
Table 23 Flexible Electronics Market for OLED Displays, By Application, 2015–2023 (Million Units)
Table 24 Flexible OLED Display Panel Production, By Application, 2015–2023 (Thousand Square Meter)
Table 25 Flexible Electronics Market for OLED Displays, By Region, 2015–2023 (USD Billion)
Table 26 Flexible Electronics Market for OLED Displays in APAC, By Country, 2015–2023 (USD Million)
Table 27 Flexible Electronics Market for OLED Displays in North America, By Country, 2015–2023 (USD Million)
Table 28 Flexible Electronics Market for OLED Displays in Europe, By Country, 2017–2023 (USD Million)
Table 29 Thin-Film PV Installation, By Technology, 2015–2023 (GWP)
Table 30 Flexible Electronics Market for Thin-Film PV, By Technology, 2015–2023 (USD Billion)
Table 31 Flexible Electronics Market for Thin-Film PV, By Region, 2015–2023 (USD Million)
Table 32 Flexible Electronics Market for Thin-Film PV in APAC, By Country, 2015–2023 (USD Million)
Table 33 Flexible Electronics Market for Thin-Film PV in North America, By Country, 2015–2023 (USD Million)
Table 34 Flexible Electronics Market for Thin-Film PV in Europe, By Country, 2015–2023 (USD Million)
Table 35 Flexible Electronics Market for Thin-Film PV in RoW, By Region, 2015–2023 (USD Million)
Table 36 Flexible Electronics Market for Printed Sensors, By Type, 2015–2023 (USD Million)
Table 37 Flexible Electronics Market for Printed Sensors, By Region, 2015–2023 (USD Billion)
Table 38 Flexible Electronics Market for Printed Sensors in North America, By Country, 2015–2023 (USD Billion)
Table 39 Flexible Electronics Market for Printed Sensors in Europe, By Country, 2015–2023 (USD Million)
Table 40 Flexible Electronics Market for Printed Sensors in APAC, By Country, 2015–2023 (USD Million)
Table 41 Flexible Electronics Market for Printed Sensors in RoW, By Region, 2015–2023 (USD Million)
Table 42 Flexible Electronics Market for Batteries, By Type, 2015–2023 (USD Million)
Table 43 Flexible Electronics Market for Batteries, By Region, 2015–2023 (USD Million)
Table 44 Flexible Electronics Market for Batteries in North America, By Country, 2015–2023 (USD Million)
Table 45 Flexible Electronics Market for Batteries in Europe, By Country, 2015–2023 (USD Million)
Table 46 Flexible Electronics Market for Batteries in APAC, By Country, 2015–2023 (USD Million)
Table 47 Flexible Electronics Market for Batteries in RoW, By Region, 2015–2023 (USD Million)
Table 48 Flexible Electronics Market for OLED Lighting, By Region, 2015–2023 (USD Million)
Table 49 Flexible Electronics Market for OLED Lighting in North America, By Country, 2015–2023 (USD Million)
Table 50 Flexible Electronics Market for OLED Lighting in Europe, By Country, 2015–2023 (USD Million)
Table 51 Flexible Electronics Market for OLED Lighting in APAC, By Country, 2015–2023 (USD Million)
Table 52 Flexible Electronics Market for OLED Lighting in RoW, By Region, 2017–2023 (USD Million)
Table 53 Flexible Electronics Market, By Vertical, 2015–2023 (USD Billion)
Table 54 Flexible Electronics Market, By Region, 2015–2023 (USD Billion)
Table 55 Flexible Electronics Market in North America, By Application, 2015–2023 (USD Million)
Table 56 Flexible Electronics Market in North America, By Country, 2015–2023 (USD Billion)
Table 57 Flexible Electronics Market in Europe, By Application, 2015–2023 (USD Million)
Table 58 Flexible Electronics Market in Europe, By Country, 2015–2023 (USD Million)
Table 59 Flexible Electronics Market in APAC, By Application, 2015–2023 (USD Billion)
Table 60 Flexible Electronics Market in APAC, By Country, 2015–2023 (USD Billion)
Table 61 Flexible Electronics Market in RoW, By Application, 2015–2023 (USD Million)
Table 62 Flexible Electronics Market in RoW, By Region, 2015–2023 (USD Million)
Table 63 Key Player Ranking: Flexible Electronics Market, 2017

List of Figures

Figure 1 Market Segmentation
Figure 2 Geographic Segmentation
Figure 3 Flexible Electronics and Circuit Market: Process Flow of Market Size Estimation
Figure 4 Flexible Electronics and Circuit Market: Research Design
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions
Figure 9 Flexible Electronics Market, 2015–2023 (USD Billion)
Figure 10 Flexible Electronics Market, By Application, 2018 vs 2023 (USD Billion)
Figure 11 Flexible Electronics Market, By Vertical, 2018 vs 2023 (USD Billion)
Figure 12 Flexible Electronics Market, By Region
Figure 13 Flexible Circuit Market, 2015–2023 (USD Billion)
Figure 14 Flexible Circuit Market, By Structure Type, 2018 vs 2023 (USD Billion)
Figure 15 Flexible Circuit Market, By Vertical, 2018 vs 2023 (USD Billion)
Figure 16 Flexible Circuit Market, By Region
Figure 17 Displays to Dominate Flexible Electronics Market in Terms of Size During Forecast Period
Figure 18 OLED Lighting Expected to Exhibit Highest CAGR in Flexible Electronics Market During 2018–2023
Figure 19 Display and Printed Sensor Applications to Account for Major Share of Flexible Electronics Market During Forecast Period
Figure 20 Display Application to Account for Largest Size of Flexible Electronics Market During Forecast Period
Figure 21 South Korea to Lead Flexible OLED Display Market in APAC During Forecast Period
Figure 22 Flexible Electronics Market for OLED Display Application to Grow Rapidly in China During Forecast Period
Figure 23 Flexible Electronics Market for Thin-Film PV, By Type, 2015–2023
Figure 24 APAC to Dominate Flexible Electronics Market for Thin-Film PV in Terms of Size During Forecast Period
Figure 25 Europe to Lead Flexible Electronics Market for Printed Sensors in Terms of Size During Forecast Period
Figure 26 APAC Accounted for Largest Share of Flexible Electronics Market in 2017
Figure 27 Multilayer Flex Circuits to Command Flexible Circuit Market During Forecast Period
Figure 28 Multilayer Flex Circuits to Dominate Flexible Circuit Market During Forecast Period
Figure 29 Consumer Electronics Vertical to Command Flexible Circuit Market During Forecast Period
Figure 30 APAC to Lead Flexible Circuit Market During Forecast Period
Figure 31 Drivers, Restraints, Opportunities, and Challenges
Figure 32 Flexible OLED Display Market, 2015–2023 (USD Billion)
Figure 33 Flexible Battery Market, 2015–2023 (USD Million)
Figure 34 Value Chain Analysis: Flexible Electronics and Circuit Market
Figure 35 Solar Cell Efficiency, By Technology, 2010–2017
Figure 36 Fall in Average Selling Price of PV Cells, 2010–2017
Figure 37 OLED Display Market for Smartphones, By Display Panel Type, 2014–2023
Figure 38 Flexible Circuit (FPCB) Market, By Structure Type, Vertical, and Geography
Figure 39 Multilayer Flex Circuits Expected to Dominate Flexible Circuit Market During Forecast Period
Figure 40 Flexible Circuit Market, By Vertical, 2018 vs 2023 (USD Billion)
Figure 41 APAC to Lead Flexible Circuit Market During 2018–2023
Figure 42 Display Application to Dominate Flexible Electronics Market in Terms of Size During Forecast Period
Figure 43 APAC to Dominate Flexible Electronics Market for Display Application During Forecast Period
Figure 44 APAC to Dominate Flexible Electronics Market for OLED Displays in Terms of Size During Forecast Period
Figure 45 Installation for CIGS-Based Thin-Film PV to Grow at Highest CAGR During Forecast Period
Figure 46 APAC to Hold Largest Size of Flexible Electronics Market for Thin-Film PV During Forecast Period
Figure 47 Europe to Hold Largest Size of Flexible Electronics Market for Printed Sensors During 2018–2023
Figure 48 APAC Expected to Lead Flexible Electronics Market for Batteries During Forecast Period
Figure 49 North America to Exhibit Highest CAGR in Flexible Electronics Market for OLED Lighting During 2018–2023
Figure 50 Consumer Electronics Vertical Expected to Dominate Flexible Electronics Market in Terms of Size During Forecast Period
Figure 51 APAC to Lead Flexible Electronics Market During Forecast Period
Figure 52 Geographic Snapshot: China Expected to Witness Highest CAGR in Flexible Electronics Market
Figure 53 North America: Flexible Electronics Market Snapshot
Figure 54 US to Continue to Hold Largest Size of North American Flexible Electronics Market During Forecast Period
Figure 55 Europe: Flexible Electronics Market Snapshot
Figure 56 UK & Germany Expected to Exhibit Highest CAGR in European Flexible Electronics Market During Forecast Period
Figure 57 APAC: Flexible Electronics Market Snapshot
Figure 58 China Expected to Exhibit Highest CAGR in Flexible Electronics Market in APAC During Forecast Period
Figure 59 Middle East to Dominate Flexible Electronics Market in Terms of Size in RoW During Forecast Period
Figure 60 Key Developments By Leading Players in Market Between 2015 and 2017
Figure 61 Competitive Landscape: Flexible Circuit Market, 2017
Figure 62 Industry/Application Landscape: Flexible Circuit Market, 2017
Figure 63 Samsung Group (Samsung Electronics & Samsung SDI): Companies’ Snapshot 2016
Figure 64 LG Group (LG Display & LG Chem): Companies’ Snapshot 2016
Figure 65 Showa Shell Sekiyu: Company Snapshot 2016
Figure 66 First Solar: Company Snapshot 2016
Figure 67 Panasonic: Company Snapshot 2016
Figure 68 3M: Company Snapshot 2016
Figure 69 E Ink Holdings: Company Snapshot 2016
Figure 70 Konica Minolta: Company Snapshot 2016

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