ICT & Electronics Global Flexible Electronics Market | Page 2

“Flexible Electronics Market: Global Demand Analysis &
Opportunity Outlook 2024”
The global flexible electronics market is segmented into component type
such as display, battery, sensors, memory, conductors, OLED lightening
and others (Photovoltaic). Among these segments, display segment is
expected to occupy the top position in flexible electronics market during the
forecast period. Rising utilization of flexible display in consumer electronics
such as smartphones, tablets, notebooks and e-reader is anticipated to
foster the growth of display flexible electronics market. On the other hand,
battery segment is anticipated to witness noteworthy growth during the
forecast period owing to increasing implementation in portable devices
such as wearables.
Global Flexible Electronics Market is expected to flourish at a CAGR
of 19.7% over the forecast period. Moreover, the global flexible electronics
market was held at a valuation of USD 5.2 Billion in 2016. Increasing
demand for portable electronic products and rising disposable income of
the population are believed to be the dynamic factor behind the growth of
flexible electronics market during the forecast period.
The consumer electronics segment by application is estimated to grow at a
significant CAGR during the forecast period. Moreover, consumer
electronics segment is expected to account for the largest share of revenue
across the globe. Wide scale application of flexible electronics technology in
wearables, smartphone, tablet, e-readers, cameras and other products is
anticipated to drive the growth of the consumer electronics segment.
Further, portable consumer electronic products are witnessing augmented
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