Flexible Electronics Market to Reach $67.51 Billion by 2029, Growing at a CAGR of 13.4%

November 14, 2025 by The Business Research Company

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What Is The Expected Total Market Size Of The Flexible Electronics Industry By The Forecast Year 2029?

The domain of flexible electronics has experienced swift expansion lately, projecting a market valuation increase from $36.22 billion in the current year, 2024, to $40.84 billion the following year, 2025; this upward trajectory is underpinned by a compound annual growth rate (CAGR) calculated at 12.8%, and historical growth factors encompass the trend toward smaller consumer electronics, diverse utility in the medical and healthcare sectors, advancements in printed electronics technology, deployment in defense and aerospace systems, and ongoing display evolution.

Anticipated for substantial expansion over the forthcoming period, the flexible electronics sector is projected to reach a valuation of $67.51 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 13.4%, with this upward trajectory being fueled by advancements in foldable and rollable gadgetry, the development of renewable energy solutions, the push for sustainable and environmentally sound electronics, increasing use in automotive exterior components, and innovations in both energy storage and flexible battery technology. Key developments shaping this time frame encompass the proliferation of wearable technology for health and exercise tracking, deeper integration with the Internet of Things (IoT), the advance of medical wearables and internal implants, the wider application of flexible sensors in robotics, and the integration of 5G connectivity alongside flexible antenna designs.

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Which Major Market Drivers Are Shaping The Future Of The Flexible Electronics Market?

The increasing appetite for personal electronic gadgets is fueling expansion within the flexible electronics sector. Consumer electronics (CE) are defined as any electronic hardware procured and routinely utilized by the general public for personal, non-business applications. Since flexible electronics componentry is integrated into the majority of these CE products, the growing consumer appetite directly translates to greater market needs for flexible electronics components. Specifically illustrating this trend, LG, a firm headquartered in South Korea specializing in consumer electronics, disclosed in its 2022 annual financial report released in January 2023 that it achieved an all-time high in yearly revenue in 2022, exceeding $60 billion for the first time, marking a 12.9% climb from 2021’s revenue, which had just topped roughly $52.70 billion. Furthermore, the LG Home Appliance & Air Solution Company experienced another landmark year in 2022, generating $22.5 billion in sales, an increase of 10.3% compared to the preceding year. Consequently, the escalating need for consumer electronic goods serves as the primary accelerator for the flexible electronics market’s growth.

What Are The Segment Types Shaping The Flexible Electronics Market?

The flexible electronics market covered in this report is segmented –

1) By Component: Flexible Display, Flexible Battery, Flexible Sensors, Flexible Memory, Flexible Photovoltaics

2) By Circuit Structure: Single-Sided, Double-Sided, Other Circuit Structures

3) By Application: Displays, Thin-Film Photovoltaics, Printed Sensors, Batteries, Organic Light Emitting Diodes (OLED) Lighting, Other Applications

4) By Vertical: Consumer Electronics, Energy And Power, Healthcare, Automotive, Military And Defense, Aerospace, Other Verticals

Subsegments:

1) By Flexible Display: OLED Displays, LCD Displays, EPD Displays

2) By Flexible Battery: Lithium-Ion Flexible Batteries, Solid-State Flexible Batteries

3) By Flexible Sensors: Pressure Sensors, Temperature Sensors, Touch Sensors

4) By Flexible Memory: Flexible SRAM, Flexible Flash Memory

5) By Flexible Photovoltaics: Organic Photovoltaics (OPV), Thin-Film Photovoltaics

Which Ongoing Trends Are Expected To Shape The Flexible Electronics Market Outlook?

The mobile gaming sector is undergoing a transformation driven by technological advancements, with growing interest in mobile gaming technology further stimulating market demand. As an illustration, in the year 2022, NextFlex, which functions as America’s hub for Flexible Hybrid Electronics (FHE) Manufacturing, issued its newest solicitation, Project Call 7.0 (PC 7.0), seeking financial backing for initiatives designed to advance FHE development and implementation while simultaneously addressing critical challenges in modern manufacturing and aligning with Department of Defense objectives. PC 7.0 follows the achievements of earlier Project Calls by maintaining broad thematic scopes, thereby inviting a wide spectrum of applicants, with a specific emphasis placed on sectors where FHE offers substantial potential for high-priority U.S. manufacturing prospects and newly recognized areas of significance within the FHE field.

Who Are The Top Performing Companies In The Flexible Electronics Market In Recent Years?

Major companies operating in the flexible electronics market include Blue Spark Technologies Inc., OLEDWorks LLC, AU Optronics Corp., Cymbet Corporation, E Ink Holdings Inc., Enfucell Oy, Flex Ltd., FlexEnable Ltd., Flexpoint Sensor Systems Inc., Imprint Energy Inc., LG Electronics Inc., Palo Alto Research Center Incorporated, Royole Corporation, Samsung Electronics Co. Ltd., Solar Frontier K.K., LG Corporation, Enfucell Flexible Electronics Co. Ltd., E Ink Holdings, Jabil Inc., Bebop Sensors Inc., Sensing Tex SL, Coatema Coating Machinery GmbH, Agfa-Gevaert NV, GSI Technologies, Ynvisible Interactive Inc., Isorg SA, PragmatIC Semiconductor, Thales Digital Factory, StoreDot Ltd.

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What Are The Key Regional Factors Influencing The Flexible Electronics Market Growth?

Asia-Pacific was the largest region in the flexible electronics market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible electronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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