Flexible Electronics Market Expected to Reach $42.48 Billion, Globally, By 2027 at 7.4% CAGR

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Based on component, the flexible display segment accounted for the largest market share, accounting for more than half of the global flexible electronics market in 2019, and will continue its dominant share in terms of revenue during the forecast period. In addition, the segment is also expected to manifest the highest CAGR of 9.1% from 2020 to 2027, owing to wide range applications of OLEDs, e-paper, and LCD.

The Consumer Electronics Segment to Maintain Its Highest Contribution during the Forecast Period

Based on application, the consumer electronics segment contributed to the largest share in 2019, accounting for nearly three-fifths of the global flexible electronics market, and is estimated to maintain its highest contribution during the forecast period. Furthermore, the segment is estimated to manifest the highest CAGR of 9.1% from 2020 to 2027. Consumer electronics is a prominent application of flexible electronics which makes it the largest segment.

Asia-Pacific, Followed By North America, to Maintain Its Lead Position By 2027

Based on region, Asia-Pacific, followed by North America, held the highest market share in 2019, contributing to nearly two-fifths of the total share of the global flexible electronics market, and will maintain its lead position by 2027.  In addition, the region is projected to grow at the fastest CAGR of 9.2% during the forecast period. The flexible electronics market finds huge opportunities in the emerging economies of Asia-Pacific, especially in India and other South Asian countries, owing to a large consumer base and extreme emphasis on the growth of manufacturing.

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Leading Market Players

• Cymbet Corporation 
• Blue Spark Technologies 
• Enfucell 
• Imprint Energy 
• E Ink Holdings
• AU Optronics
• Samsung Electronics Co. Ltd. 
• Solar Frontier 
• Palo Alto Research Center Incorporated 
• LG Corporation 

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