At 10.8% CAGR, Europe Flexible Electronics Market is Projected to be Worth US$ 16,074.48 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe flexible electronics market was valued at US$ 7,090.62 million in 2022 and is expected to reach US$ 16,074.48 million by 2030, registering a CAGR of 10.8% from 2022 to 2030. Growing need for flexible devices in healthcare industry and growing technological advancements are among the critical factors attributed to drive the Europe flexible electronics market growth.

Flexible electronics have great potential for a wide range of applications. The Internet of Things (IoT) continues to grow in acceptance and influence across all spheres of society, including business and daily life. The IoT technology cannot grow without flexible electronics and sensors. The flexible components may be easily included in a variety of everyday products, such as apparel and packaging, allowing them to gather and transfer data efficiently. Similarly, the combination of flexible electronics, artificial intelligence, and edge computing can enable real-time data processing and decision-making in a wide range of applications, including smart clothes and self-driving vehicles.

The combination of AI technology with flexible sensors creates new enabling features such as powerful data processing and intelligent decision-making. A number of promising applications for AI-driven smart flexible sensing systems include more autonomous soft robotics action, more lifelike feeling by artificial sensory organs, and more intelligent monitoring of human activities. Thus, the growing adoption of advanced technologies such as IoT and AI is expected to create an opportunity for the growth of the flexible electronics market during the forecast period.

On the contrary, the high initial cost and difficulty in circuit modification hurdles the growth of Europe flexible electronics market.

Based on component, the Europe flexible electronics market is segmented into display, battery, sensors, memory, and others. The display segment held 44.6% market share in 2022, amassing US$ 3,162.47 million. It is projected to garner US$ 7,458.25 million by 2030 to register 11.3% CAGR during 2022–2030.

In terms of application, the Europe flexible electronics market is segmented into consumer electronics, automotive, healthcare, industrial, and others. The consumer electronics segment held 47.6% share of Europe flexible electronics market in 2022, amassing US$ 3,372.24 million. It is anticipated to garner US$ 7,527.17 million by 2030 to expand at 10.6% CAGR during 2022–2030.

Based on country, the Europe flexible electronics market is categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.8% share of Europe flexible electronics market in 2022. It was assessed at US$ 1,903.12 million in 2022 and is likely to hit US$ 4,898.57 million by 2030, registering a CAGR of 12.5% during 2022–2030.

Key players operating in the Europe flexible electronics market are AUO Corp, E Ink Holdings Inc, Enfucell Flexible Electronics Ltd, General Electric Co, LG Electronics Inc, MFLEX, and Samsung Electronics Co Ltd, among others.

• In January 2023, E Ink, the originator, pioneer, and global commercial leader in digital paper technology, announced the launch of E Ink Prism™ 3, a next-generation segmented display that features dynamic color-changing capabilities. E Ink Prism 3 is the next generation E Ink Prism film, which bridges the gap between traditional static materials and digital technology with dynamically changing materials. Fully programmable, designers can now integrate endless materials with changeable colors and patterns. At CES 2023, BMW is using E Ink Prism 3 to create a multi-colored skin on their new i Vision DEE concept car, the first use of E Ink Prism 3 in automotive applications.
• In November 2022, LG Display unveiled the world's first 12-inch high-resolution Stretchable display equipped with outstanding free-form technology that enables it to be extended, folded, and twisted without distortion or damage. The company's newly unveiled Stretchable display is the industry's first to achieve 20% stretchability, a resolution of 100ppi, and full-color RGB. In addition, its high flexibility, durability, and reliability maximize its potential for commercialization.

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