The global Flexible Hybrid Electronics Market is estimated to be valued at US$ 139.62 Mn or Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Flexible hybrid electronics refer to a technology which combines organic and printed electronics to develop bendable, foldable, twistable and stretchable circuits. These circuits can be incorporated into flexible or conformable substrates like plastics, papers and fabrics. They offer advantages like flexibility, stretchability, lightweight and durability.
Market key trends:
One of the key trend in the flexible hybrid electronics market is the growing use of organic electronics. Organic electronics make use of π-conjugated materials like organic semiconductors and conductors that are processed from solution or deposited via vacuum thermal evaporation or physical vapor deposition. Organic conductors and semiconductors can be deposited on flexible plastic or polymer substrates using printing techniques like inkjet printing, gravure printing and screen printing to develop lightweight, low-cost and flexible electronic devices. This has increased the adoption of organic electronics in applications like flexible displays, smart packaging and wearable electronics.
SWOT Analysis
Strength: Flexible hybrid electronics offer advantages like flexibility, durability, lightweight and portability. These properties make them ideal for applications in emerging technologies like wearables, e-textiles etc.
Weakness: High costs associated with manufacturing of flexible hybrid electronics. Additionally, the technology is still at a nascent stage which limits its mass adoption.
Opportunity: Growing demand for flexible electronics from end-use industries like automotive, consumer electronics, healthcare etc. is opening new opportunities. Increase in R&D spending is further driving innovations.
Threats: Stiff competition from existing rigid printed circuit board technology. Additionally, dependency on a limited number of raw material suppliers poses supply chain risks.
Key Takeaways
The Global Flexible Hybrid Electronics Market Size is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing demand for miniaturized and lightweight electronic devices. Devices incorporating FHE technologies allow seamless integration of electronic components into otherwise flexible or curved substrates without compromising device functionality.
North America dominated the global market in 2022 and is expected to maintain its lead over the forecast period. This can be attributed to extensive R&D activities and presence of key players in the US. On the other hand, Asia Pacific is anticipated to exhibit the fastest growth attributed to increasing electronics manufacturing, particularly in China, South Korea and Taiwan.
Key players operating in the flexible hybrid electronics market are DuPont Teijin Films, PARC (Xerox Corporation), General Electric Company, Lockheed Martin Corporation, American Semiconductor Inc., Flex Ltd., Brewer Science Inc., Integrity Industrial Inkjet Integration, and SI2 Technologies Inc. Leading players are focusing on new product launches and agreements to enhance their market share. For instance, in 2022, PARC partnered with E Ink Holdings to commercialize electrophoretic displays for flexible hybrid electronics applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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