CHICAGO, March 12, 2021 /PRNewswire/ — According to the new market research report “Flexible Electronics & Circuit Market with COVID-19 Impact Analysis by Structure Type (Single Sided Flex Circuit, Multilayer Flex Circuit), Application (Displays, Printed Sensors), Vertical (Consumer Electronics), and Geography – Global Forecast to 2026″, published by MarketsandMarkets™, the Flexible Electronics & Circuit Market size is projected to reach USD 48.5 billion by 2026 from an estimated USD 31.9 billion in 2021, at a CAGR of 8.8% from 2021 to 2026. The rising demand for consumer electronic devices is among the factors driving the growth of the flexible electronics & circuit market.
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By application, OLED lighting segment is expected to record the highest CAGR during the forecast period
The OLED lighting segment of the flexible electronics market, based on application, is expected to record the highest CAGR during the forecast period. Flexible OLED lighting solutions are expected to be increasingly used in the automotive industry by high-end car manufacturers, such as General Motors, Tesla, and Audi. The presence of prominent lighting solution manufacturers such as Acuity Brands, LG Display, and OSRAM is also expected to boost the flexible electronics market for OLED lighting.
By vertical, automotive is projected to grow at highest CAGR during forecast period
The automotive vertical is…