Flexible Electronics Market to be Worth $66.9 Billion by 2031

Flexible Electronics Market Size, Share, Forecast, & Trends Analysis by Type (Single-sided, Double-sided), Component (Surface Mount Devices, PCB), Technology (Printing Technology, PVD, CVD), Application (Consumer Electronics, Healthcare), Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the global flexible electronics market is projected to reach $66.9 billion by 2031, at a CAGR of 9.2% from 2024–2031.The market for flexible electronics is expanding due to the rising use of flexible OLED (organic light-emitting diode) displays in consumer electronics, as well as the growing use of flexible electronics to reduce weight and improve vehicle design. However, reliability difficulties regarding component life hinder market growth. Furthermore, the increasing adoption of flexible devices in the healthcare industry is likely to create new opportunities for the players operating in this market. However, the complexity and cost of manufacturing flexible electronic components provide a significant impediment to market expansion. Furthermore, the most recent market development is the increased usage of flexible memory chips and storage components in smart cards, RFID tags, and wearable gadgets.