Flexible Electronics (Flexible Electronics) is a general term for technology, which is an emerging electronic technology that makes organic/inorganic material electronic devices on flexible/ductile substrates. Compared with traditional electronics, flexible electronics has greater flexibility, can adapt to different working environments to a certain extent, and meet the deformation requirements of equipment.
Source: Royole Technology Prospectus, Gaohe Investment Research Center
02Classification
Flexible electronic technology is the basic platform technology of the emerging next-generation human-computer interaction and the Internet of Everything industry. According to the application direction, it can be divided into flexible display, flexible sensing, flexible integrated circuit, flexible battery, etc.
Flexible electronic technology classification
Source: Gaohe Investment Research Center
2
Market scale of flexible electronics industry
As a new and fast-growing industry, the flexible electronics industry has broad market prospects in the future. According to Frost & Sullivan’s report, it is estimated that by 2025, the market size of the global flexible electronics industry will reach US$304.94 billion, with a compound annual growth rate of approximately 144.71% from 2019 to 2025. The demand for flexible electronic technology in various industries, such as smart mobile terminals, smart transportation, entertainment media, smart home, sports fashion, and office education, is also growing rapidly.
Global flexible electronics industry market size (US$ billion)
Source: Frost & Sullivan, Gaohe Investment Research Center
3
Overview of market competition pattern
Major domestic manufacturers and products in the flexible electronics industry
Source: Gaohe Investment Research Center
Due to the strong financial and technical barriers in the flexible electronics industry, the number of domestic flexible electronics industry companies is small and the market concentration is high. At present, China's flexible electronics industry has formed a competitive landscape with BOE, Nuo, Huaxing Optoelectronics, Shenzhen Tianma, Hehui Optoelectronics and Rouyu Technology as the main players. Among them, BOE Henuo takes the lead, with a market share of more than 65% in China's flexible electronics industry. Looking at the global flexible electronics industry market, Samsung and BOE occupy more than half of the global flexible electronics industry market.
Global flexible electronics industry market competition landscape (calculated by sales)
Source: Gaohe Investment Research Center