EUROPE FLEXIBLE ELECTRONICS MARKET FORECAST 2023-2032

The Europe flexible electronics market growth evaluation encompasses the assessment of the United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe. The demand for innovative solutions in the United Kingdom is being propelled by the adoption of Industry 4.0, predominantly through technologies such as connected cars, artificial intelligence, e-textiles, and the Internet of Things (IoT). Furthermore, the 4IR is estimated to add over $600 billion to the United Kingdom’s manufacturing sector while creating thousands of employment opportunities, as well. This factor is expected to bolster the demand for flexible electronics in the country since the usage of flexible sensors, lighting, and circuit boards in the production sector yields significant benefits. These include enhanced efficiency, expanding market shares, and increased revenues, in addition to minimized business risks.

Conversely, as per the data issued by the International Trade Administration, diagnostic applications account for approximately 34% of France’s medical device sector. These applications include cardiovascular care, spinal & neurological treatment, and pediatrics. Moreover, the increasing amalgamation of healthcare as well as portable and wearable medical devices is expected to play an essential role in heightening the demand and adoption of flexible electronics in France. As a result, the above-mentioned factors are set to promote the Europe flexible electronics market growth during the forecasted period.

The Europe flexible electronics market is segmented into component and application. The component segment includes flexible display, flexible memory, flexible sensor, flexible battery, and flexible photovoltaics. Flexible sensors, also termed flex or bend sensors, determine the level of deflection occurring due to sensor bending. It varies as per the development, design, as well as working principle utilized for particular applications. 

Moreover, printed/flexible sensors provide multiple advantages relative to their more rigid and established counterparts. These benefits include lower weight and potentially reduced production costs since printing facilitates continuous, high-throughput manufacturing methods. Additionally, printed/flexible sensors can also measure a diverse range of parameters, in addition to being employed in emerging applications, such as wearables, automotive interiors, industrial IoT, and smart buildings.

Some of the leading companies operating in the Europe flexible electronics market include Sony Corporation, LG Electronics Inc, Samsung Electronics Co Ltd, etc.

Sony Corporation, headquartered in Japan, is engaged in the development, design, manufacture, and sale of instruments, electronic equipment, devices, gaming consoles, as well as software for professionals, consumers, and industrial markets. The company operates via numerous segments, such as game and network services, mobile communications, imaging products and solutions, home entertainment and sound, and financial services, among others.