The global Flexible Hybrid Electronics Market is estimated to be valued at US$ 139.62 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 integrate traditional printed electronics with other electrical components by incorporating both rigid and flexible elements. This allows for new applications across various industries including automotive, consumer electronics, and healthcare.
Market key trends:
One of the key trends driving the flexible hybrid electronics market growth is the rise of artificial intelligence (AI) assisted technologies. AI is helping transform electronics manufacturing by powering smart equipment and factories. For example, AI can optimize production scheduling to minimize downtime and wastage. It can also monitor machinery health and predict maintenance needs. Some manufacturers are using AI and machine learning to automate inspection of printed circuits and identify defects. This is improving quality control and reducing costs. AI is also enabling new applications of flexible hybrid electronics in fields such as robotics, autonomous vehicles and smart homes. Overall, AI-led automation is boosting efficiencies across the flexible hybrid electronics production cycle and value chain.
Segment Analysis
Content: The flexible hybrid electronics market is segmented into transistors, displays, photovoltaics, battery, sensors, memory devices and others. Among these, the displays segment dominated the market in 2022 due to growing demand for OLED and LCD based flexible displays in consumer electronics such as smartphones, tablets and wearable devices. Flexible displays provide high resolution, good picture quality and durable design, thus increasing their adoption across various end-use applications.
Key Takeaways
The Global Flexible Hybrid Electronics Market Size is expected to witness high growth of 10% over the forecast period, due to increasing demand for miniaturized electronic components in consumer electronics. North America dominated the market in 2023 with a share of over 35%, driven by major presence of manufacturers and research initiatives in the U.S and Canada.
The Asia Pacific region is anticipated to be the fastest growing market during the forecast period, exhibiting a CAGR of around 12%. This high growth can be attributed to rising electronics production and government investments in R&D facilities in countries like China, South Korea and India.
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. These players are focusing on capacity expansions and new product launches through collaborative efforts to strengthen their market position.
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