Flexible hybrid electronics incorporate the functionality of rigid printed circuit boards (PCBs) with mechanical flexibility, enabling the development of ultra-thin and lightweight circuits and devices. Flexible hybrid electronics find applications in various areas including wearable devices, medical devices, consumer electronics, and others. Advancements in materials and printing technologies have enabled the miniaturization of electronic components, facilitating their integration into flexible and conformal form factors.
The global flexible hybrid electronics market is estimated to be valued at US$ 160.85 billion in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Advancements in printing technologies have enabled mass production of miniaturized and flexible electronic components at reduced costs. Inkjet printing, gravure printing, and other additive manufacturing techniques allow miniature and versatile circuits to be directly printed on thin, flexible plastic or polymer foils. This has accelerated the adoption of flexible hybrid electronics across various applications. Developments in conductive inks, substrates, barrier layers, and interconnection materials have improved design flexibility, performance, and lifetime of printed flexible hybrid circuits. Ongoing research is further exploring the potential of innovative materials like graphene, carbon nanotubes, and other nanomaterials to enhance the capabilities of flexible hybrid electronics.
Segment Analysis
The global flexible hybrid electronics market is dominated by the healthcare monitoring segment, which accounted for over 35% market share in 2024. This segment is experiencing high demand due to the increasing need for flexible wearable medical devices for continuous health monitoring of various health parameters. The adoption of flexible hybrid electronics in developing wearable medical devices allows continuous tracking of vital signs like heart rate, ECG, body temperature etc in a comfortable manner.
Key Takeaways
The Global Flexible Hybrid Electronics Market Demand expected to witness high growth over the forecast period of 2024 to 2031. The growing demand for flexible and wearable medical devices and increasing investments in developing flexible displays and sensors are fueling the market growth.
Regional analysis: North America dominated the global flexible hybrid electronics market with over 30% share in 2024 owing to significant R&D investments by key players and growing adoption of flexible wearables and healthcare monitoring devices in the region. Asia Pacific is expected to be the fastest growing regional market at a CAGR of around 26% during the forecast period driven by presence of electronic manufacturing hubs and increasing government support for flexible electronics research in countries like China, Japan, South Korea and India.
Key players operating in the flexible hybrid electronics market are Seres Therapeutics, Biomesense, Microbiotica, Infant Bacterial Therapeutics AB, Vedanta Biosciences, Inc., Second genome therapeutics, 4D Pharma Ferring Inc, Enterome, BiomX, MaaT Pharma, Azitra, Illumina, Inc, Locus Biosciences, Inc, Finch Therapeutics Group, Inc, Rebiotix Inc, Servatus Ltd, Microbiome Research Pvt. Ltd, AOBiome, Axial Therapeutics, Inc, Biomica.
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