Flexible Electronics Market: Applications Beyond the Consumer Electronics Arena Flexible electronics refers to a class of electronic devices built on stretchable or conformable substrates. These include plastic, metal foil, flex glass, and paper. Some of the top advantages of flexible electronics, compared to their rigid, conventional counterparts, are energy efficiency, portability, size, and weight. Moreover, they also make previously impossible technologies and designs, such as wearable devices, a reality. As per Inkwood Research, the global flexible electronics market is projected to record a revenue of $82.637 billion, growing with a CAGR of 8.62% during the forecast period of 2023 to 2032.
Beyond Consumer Electronics: The Multi-Faceted Applications of Flexible Electronics Flexible electronics typically entail electrical circuits mounted on a flexible plastic substrate, like a polyester or polyether ether ketone (PEEK). The rapid development of this field has been spurred by the continuing evolution of large-area consumer electronics with various applications in flat-panel displays, medical image sensors, and electronic paper. However, with an emerging need for lightweight, mechanically flexible, and cost-effective devices, flexible electronics have gained considerable momentum in catering to the demands of various other industries, as well. In this regard, the significant rise in research & development within the global flexible electronics market, and related sectors, such as flexible hybrid electronics (FHE), further facilitates technological advancements in the field.