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ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Flexible Electronics Market by Component (Flexible Display, Flexible Memory, Flexible Sensor, Flexible Battery, Flexible Photovoltaics) Market by Application (Consumer Electronics, Medical & Healthcare, Aerospace & Defense, Automotive, Energy & Power, Other Applications) by Geography


MARKET OVERVIEW

The Asia-Pacific flexible electronics market is predicted to develop with a CAGR of 9.00% during the projection period of 2023 to 2032, acquiring a revenue share of $33504.56 million by 2032.

Key factors, such as the presence of major semiconductor manufacturing nations, the increasing demand and production of automobiles, as well as the surging need for smartphones, are expected to contribute to the region’s notable market growth. However, the Asia-Pacific flexible electronics market growth may be challenged on account of the increasing penetration of counterfeit brands within the electronics industry.

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The Asia-Pacific flexible electronics market growth analysis is determined through a detailed evaluation of China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and the Rest of Asia-Pacific. China was the first nation to be affected by the COVID-19 pandemic, and subsequently, the country’s gross domestic product (GDP) plummeted by 6.8% in Q1 2020 compared to Q1 2019. 

In 2020, the Chinese government’s initiatives promised economic recovery through the development of seven key areas. These include charging stations for electric vehicles, artificial intelligence, data centers, industrial internet, 5G network, intercity as well as the inner-city rail system, and ultra-high voltage [UHV] transmission. Furthermore, the National Development and Reform Commission (NDRC) also concentrated on novel infrastructure projects in China in order to focus on innovation, technology, and information networks, thus prompting the demand for flexible electronics in the country over the upcoming years.

In addition, the National Medical Products Administration (NMPA) is working on the improvement of the standardization of medical devices in China. In this regard, the nation issued new state council orders to facilitate the smooth development, innovation, and administration of medical device regulations. This would support in vitro diagnostics (IVD) manufacturers and the medical device ecosystem, as a whole. Therefore, such factors are projected to contribute to the growth of the flexible electronics market in the Asia-Pacific during the forecast period. 

The Asia-Pacific flexible electronics market is segmented into component and application. The application segment includes consumer electronics, medical & healthcare, aerospace & defense, automotive, energy & power, and other applications. Flexible consumer electronics are becoming increasingly popular across applications such as lighting, displays, and photovoltaics. Additionally, due to their unique characteristics, such as bendability, conformability, ruggedness, lightweight, and lack of brittleness, these gadgets are high in terms of their utility. 

Furthermore, in consumer electronics, printed electronics are increasingly altering the functionalities and appearance of various products and solutions, such as control panels and flexible displays. For example, OLED displays are utilized in smartphones, TV screens, and tablets as they facilitate a whole new level of picture quality. Moreover, they also consume lesser energy due to the improved color brilliance and higher contrast.

Eminent companies operating in the Asia-Pacific flexible electronics market are Sumitomo Corporation, Fujikura Ltd, Japan Display Inc, etc.

Japan Display Inc, headquartered in Japan, is a leading provider of small and medium-sized display panels. The company manufactures and sells small as well as medium-sized displays, in addition to related products in Japan and other markets. Its product offerings entail LCD modules for the tablet, smartphone, and notebook PC market. 

The company also provides automotive application solutions for instrument panels, car navigation, and rear seat monitors. With a geographical presence across Asia-Pacific, the Americas, and Europe, Japan Display Inc operates production plants in Tottori, Higashiura, Ishikawa, and Mobara.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Component and Application
Countries AnalyzedChina, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and the Rest of Asia-Pacific
Companies Analyzed

Fujikura Ltd, Japan Display Inc, Konica Minolta Inc, AGC Inc, Sumitomo Corporation, Sony Corporation, LG Electronics Inc, AU Optronics Corporation, Samsung Electronics Co Ltd, Flex Ltd, Blue Spark Technologies, Flexpoint Sensor Systems Inc, Imprint Energy Inc, E Ink Holdings Inc, Thin Film Electronics ASA

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19
    5. MAJOR MARKET FINDINGS
      1. SHIFT FROM HARD & RIGID ELECTRONICS BOXES TO SOFTER ELECTRONICS
      2. RAPID RISE OF WEARABLES ESSENTIAL FOR MARKET GROWTH
      3. ADVANCEMENTS IN MANUFACTURING INDUSTRY
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING DEMAND IN HEALTHCARE SECTOR
      2. NEED FOR COMPACT & COST-EFFECTIVE PRODUCTS
      3. ADVANCEMENTS IN FLEXIBLE DISPLAY
      4. INCREASING RESEARCH & DEVELOPMENT ACTIVITIES
    2. KEY RESTRAINTS
      1. COMPLEX ASSEMBLY PROCESSES
      2. WEAK ENCAPSULATION TECHNIQUES
  4. KEY ANALYTICS
    1. ANALYSIS OF TECHNOLOGY
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. MATERIALS
      2. SUBSTRATES
      3. PACKAGING
      4. PROCESSING/ TESTING EQUIPMENT
  5. MARKET BY COMPONENT
    1. FLEXIBLE DISPLAY
      1. OLED
      2. E-PAPER
      3. LCD
    2. FLEXIBLE MEMORY
    3. FLEXIBLE SENSOR
      1. PHOTO DETECTOR
      2. BIO SENSOR
      3. PIEZO RESISTIVE
      4. CMOS HYBRID SENSOR
      5. OTHER FLEXIBLE SENSORS
    4. FLEXIBLE BATTERY
    5. FLEXIBLE PHOTOVOLTAICS
  6. MARKET BY APPLICATION
    1. CONSUMER ELECTRONICS
    2. MEDICAL & HEALTHCARE
    3. AEROSPACE & DEFENSE
    4. AUTOMOTIVE
    5. ENERGY & POWER
    6. OTHER APPLICATIONS
  7. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET DRIVERS
      3. ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET CHALLENGES
      4. ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. AGC INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      2. AU OPTRONICS CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      3. BLUE SPARK TECHNOLOGIES
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      4. E INK HOLDINGS INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. FLEX LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      6. FLEXPOINT SENSOR SYSTEMS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      7. FUJIKURA LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      8. IMPRINT ENERGY INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      9. JAPAN DISPLAY INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      10. KONICA MINOLTA INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      11. LG ELECTRONICS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      12. SAMSUNG ELECTRONICS CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      13. SONY CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      14. SUMITOMO CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      15. THINFILM ELECTRONICS ASA
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – FLEXIBLE ELECTRONICS

TABLE 2: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE DISPLAY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE DISPLAY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE SENSOR, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE SENSOR, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET REGULATORY FRAMEWORK

TABLE 13: KEY PLAYERS OPERATING IN ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET

TABLE 14: LIST OF MERGERS & ACQUISITIONS

TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: COMPONENTS OF FLEXIBLE ELECTRONICS

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR CHINA

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 8: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE DISPLAY, 2023-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, GROWTH POTENTIAL, BY FLEXIBLE DISPLAY, IN 2022

FIGURE 10: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY OLED, 2023-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY E-PAPER, 2023-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY LCD, 2023-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE MEMORY, 2023-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE SENSOR, 2023-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, GROWTH POTENTIAL, BY FLEXIBLE SENSOR, IN 2022

FIGURE 16: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY PHOTO DETECTOR, 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY BIO SENSOR, 2023-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY PIEZO RESISTIVE, 2023-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY CMOS HYBRID SENSOR, 2023-2032 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY OTHER FLEXIBLE SENSORS, 2023-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE BATTERY, 2023-2032 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY FLEXIBLE PHOTOVOLTAICS, 2023-2032 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 24: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY CONSUMER ELECTRONICS, 2023-2032 (IN $ MILLION)

FIGURE 25: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY MEDICAL & HEALTHCARE, 2023-2032 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY AEROSPACE & DEFENSE, 2023-2032 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY AUTOMOTIVE, 2023-2032 (IN $ MILLION)

FIGURE 28: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY ENERGY & POWER, 2023-2032 (IN $ MILLION)

FIGURE 29: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 31: CHINA FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: JAPAN FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 33: INDIA FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: SOUTH KOREA FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: INDONESIA FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: THAILAND FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: VIETNAM FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: REST OF ASIA-PACIFIC FLEXIBLE ELECTRONICS MARKET, 2023-2032 (IN $ MILLION)

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