by Flexible hybrid electronics refer to electronic devices and materials that combine the functionality of rigid printed circuit boards with the mechanical properties of flexible plastic substrates. These electronics conform to non-planar or curvy surfaces and are lightweight compared to conventional rigid devices. Flexible hybrid electronics find applications in wearables, medical devices, consumer electronics and several other industries. They enable novel form factors and integrate several components including sensors, batteries, displays and more onto thin, form-fitting surfaces. Continuous advancements in materials science have enhanced the conductivity, flexibility and reliability of hybrid electronic components. Miniaturization of components allows for more functionality to be packed into smaller footprints.
The global Flexible Hybrid Electronics Market is estimated to be valued at US$ 160.85 Bn in 2024 and is expected to exhibit a CAGR of 24.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Miniaturization continues to be a major trend in the flexible hybrid electronics industry. Component manufacturers are focusing on developing electronics at the nanoscale using techniques like printed electronics, thin-film deposition and others. Miniaturized electronics allow for inconspicuous integration into surfaces like wearables, medical dressings and more without compromising on functionality. They also enable the production of single-chip electronic systems compared to conventional multi-chip solutions. This significantly enhances portability and form-factor while reducing costs. Advanced materials are also being explored to make electronic systems even smaller and more durable.
Porter’s Analysis
Threat of new entrants: The threat is moderate as the market is highly technical and requires significant R&D investments. However, specialty startups can enter with niche technologies.
Bargaining power of buyers: The bargaining power is high as the market has large pharmaceutical buyers who can negotiate on price and quality standards.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many material and technology solution providers.
Threat of new substitutes: The threat is low as flexible hybrid electronics have distinct advantages over rigid electronics and there are no close substitutes.
Competitive rivalry: The competition is high among major players to gain market share through differentiation and innovation.
Key Takeaways
The global Flexible Hybrid Electronics Market Demand is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis: The North American region currently dominates the market due to focus on technological advancements and presence of key players.
Key players operating in the Flexible Hybrid Electronics market include 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. The market is consolidated with major players focusing on new product launches and partnerships for market expansion.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
