Flexible Hybrid Electronics (FHE) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Flexible Hybrid Electronics (FHE) Market is segmented by Application (Electronics including Sensors, Displays and Lighting, Health Performance Tool, Security Tag, Industrial and Environmental Monitoring), and Geography.

Market Snapshot

flexible hybrid electronics market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 16.2 %

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Market Overview

The flexible hybrid electronics market was valued at USD 108.1 million in 2020 and is expected to reach USD 264.39 million by 2026, registering a CAGR of 16.2% over the forecast period (2021-2026). Hybrid electronics combine the flexibility, lightweight nature, thinness, and of large-area electronics with the processing power of semiconductors to open a broad range of new applications across different end-use applications, such as the Internet of Things (IoT), smart buildings, healthcare, product packaging, retail, and consumer electronics.

  • FHE (flexible hybrid electronics) offers the power of silicon ICs to products by combining them with new and unique printing processes and materials. The result is a lightweight, low-cost, flexible, conformable, stretchable, and highly efficient smart product. This led to the emergence of a new category of electronics capable of catering to the requirements of a plethora of applications in the industry.
  • Flexible hybrid electronics are also helping product designers in a new way to use sensors to collect data and deliver actionable insights that enhance functioning. The growing development and innovations in the studied market are expected to revolutionize the electronics Industry. With the advent of the IoT, flexible hybrid electronics will provide massive opportunities to develop and integrate smart systems and devices for low-cost, everyday use. Like automotive, military, aerospace, healthcare, and displays, industries are utilizing flexible and hybrid sensors and wearables in their products.
  • The advancements in the semiconductor industry are also bringing advancement in the development process of FHE. The market is also witnessing MEMS integrated with FHE devices, which will be ideal for the rapid design and deployment of data-gathering sensor nodes that can be utilized for specific applications. A few examples include medical pressure sensors for monitoring blood pressure, on-body health monitoring devices for bio-fluids analysis and peel-and-stick sensors nodes for infrastructure monitoring.
  • The government is also playing a significant role in the development of the flexible hybrid electronics market. It is not only generating awareness but also motivating enterprises, through public-private partnerships, investing in the research and development (R&D) and commercialization of the technology.
  • However, the market is in its infancy, with a very limited number of manufacturers having commercialized their products. Products from a majority of the players developing this technology are in their R&D phase. Moreover, the market has not seen any significant investment from any of the major players, due to which the progress in developing a mass adoptable product has not materialized. Further, due to the outbreak of COVID-19, there is a disruption in the electronics industry's supply chain- thereby challenging the market growth.

Scope of the Report

FHE is the convergence of additive circuitry, passive devices, and sensor systems that are typically manufactured using printing methods and thin, flexible silicon chips. These devices differ from traditional electronics in terms of size and flexibility. The technology finds applications due to economies and unique capabilities of printed circuitry capable of forming a new class of devices for the consumer electronics, Internet of Things (IoT), medical, robotics, and communication markets.

By Application and Use-cases
Electronics including Sensors, Displays and Lighting (Thin finger print sensors, printed antenna to test water salinity, Printed LED Lighting)
Health Performance Tool
Application Summary and Market Potential (Revenue in USD million, 2020-2025)
Oxygen sensing and delivery bandages (led by Purdue University, Integra LifeSciences, and Western Michigan University);
Electric Stimulation Sensors and Healing Devices (led by UC Berkeley and Jabil)
A Wireless EKG Device (led by GE Global Research and Binghamton University)
Oral Biomarker Sensors (led by PARC and UCSD).
Epicore Biosystems is Designing a Sensor to Measure Sweat Chemistry
Security Tag (RFID, Smart Packaging etc.)
Industrial and Environmental Monitoring (FHE and Industry 4.0, wireless sensors in smart factories, Condition monitoring)
North America
Asia Pacific
Rest of the World

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Key Market Trends

Healthcare Industry Offers Potential Growth

  • There has been an increasing demand for flexible and flexible electronic systems and can sense, process, and communicate with other networks and devices. Some of the more important applications include smart bandages for medical treatment, human performance monitoring devices, and other consumer wearables.
  • Healthcare is the strongest flexible hybrid electronics segment, where performance is of the highest value, and reliability is of utmost importance. Healthcare monitoring is catering to every person's welfare, which includes real-time monitoring of the effects of treatment, early diagnosis of diseases, therapy, and the general monitoring of people's health conditions.
  • Thus, wearable electronic devices gain more attention because of their seamless interaction with the human body to achieve objectives, such as monitoring heart rate, motion, wrist pulse, blood pressure, intraocular pressure, and identifying other health-related conditions.
  • FHE's use in the health performance tool is not just limited to living things, as these can be used for structural health status inquiry. The development in the market depends on the level of information exchange among the supply chain members.
  • For the wearable and implantable sensors, the device's flexibility and stretchability are often limited by the physical limitations of the sensing material, as these materials are significantly more rigid than substrate materials.
Connected Wearables.png

Asia-Pacific to Witness Highest Growth

  • Asia is emerging as a vital and essential region for the development of flexible hybrid electronics, particularly in the manufacturing of advanced semiconductor products. Most countries in Asia have a steady growth in the market, particularly in East Asia (China, Japan, Taiwan, South Korea, Singapore).
  • The advancements in technology with R & D of thin-film products and compact size devices have led to the growth of the FHE market. This region has the most advanced display technology, which is a driving factor for the FHE market.
  • The Asia-pacific region has the most advanced and proficient technical approach to designing and manufacturing devices for fast-growing markets, including IoT, environmental sensing, wearable applications, flexible displays, and others.
  • Manufactures in the region are now capable of producing control circuits or active sensors through FHE that are lightweight, low-cost, faster to market, and can conform to the curves of a human body or product structure, making it more desirable. Such traits of the product make it more attractive for applications primarily in health monitoring.

Competitive Landscape

The flexible hybrid electronics market is competitive in nature, moving toward the consolidated stage, where a few of the players occupy a major market share. The key players operating in the market studied are innovating their products by collaborating with universities, which allows them to gain a sustainable competitive advantage. Therefore, there is always a high competition between players to innovate and introduce new products. Some of the recent developments in the market are:

  • July 2019 - NextFlex, along with Children's Healthcare of Atlanta, developed a wireless, wearable monitor built with stretchable electronics that allows comfortable, long-term health monitoring of adults, babies, and small children, without concern for skin injury or allergic reactions, which is caused by conventional adhesive sensors.
  • Mar 2019 - DuPont Electronics and Imaging announced plans to spend USD 220 million on expanding capacity for its polyimide (PI) film and flexible circuit materials, sold under Kapton's respective trademarks Pyralux. The expanded capacity at the company's Circleville site in the US state of Ohio is expected to be operational by 2021.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Flexible Hybrid Electronics Ecosystem Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Technology Snapshot and FHE Roadmap (Printed Electronics vs FHE, Comparing PCB, FPCB And FHE, Flexible Substrates for FHE, Latest Progress With Flexible/Printed Transistor RFID, Roadmap for Flexible ICs, Printed Sensors, Large-area Roll-to-roll Processes and Assembling FHE Etc.)


    1. 5.1 Market Drivers

      1. 5.1.1 Emerging Need for Lightweight, Mechanically-flexible, and Cost-effective Products

      2. 5.1.2 Government Funded Projects (NextFlex project call 4.0, Semi-FlexTech projects 2020, HiFES Program (University of Singapore))

    2. 5.2 Market Challenges

      1. 5.2.1 High Capital Requirement for Research and Development (R&D) and Infrastructure

    3. 5.3 Impact of COVID-19 on Semiconductor Market and Flexible Hybrid Electronics Market

    4. 5.4 Patent Analysis


    1. 6.1 NextFlex

    2. 6.2 Holst Centre

    3. 6.3 IMEC

    4. 6.4 VTT Technical Research Centre of Finland Ltd (VTT)

    5. 6.5 CPI

    6. 6.6 Liten CEA-Tech

    7. 6.7 Korea Institute of Machinery and Materials


    1. 7.1 By Application and Use-cases

      1. 7.1.1 Electronics including Sensors, Displays and Lighting (Thin finger print sensors, printed antenna to test water salinity, Printed LED Lighting)

      2. 7.1.2 Health Performance Tool

        1. Application Summary and Market Potential (Revenue in USD million, 2020-2025)

        2. Use-cases

          1. Oxygen sensing and delivery bandages (led by Purdue University, Integra LifeSciences, and Western Michigan University);

          2. Electric Stimulation Sensors and Healing Devices (led by UC Berkeley and Jabil)

          3. A Wireless EKG Device (led by GE Global Research and Binghamton University)

          4. Oral Biomarker Sensors (led by PARC and UCSD).

          5. Epicore Biosystems is Designing a Sensor to Measure Sweat Chemistry

      3. 7.1.3 Security Tag (RFID, Smart Packaging etc.)

      4. 7.1.4 Industrial and Environmental Monitoring (FHE and Industry 4.0, wireless sensors in smart factories, Condition monitoring)

    2. 7.2 Geography

      1. 7.2.1 North America

      2. 7.2.2 Europe

      3. 7.2.3 Asia Pacific

      4. 7.2.4 Rest of the World


    1. 8.1 Company Profiles

      1. 8.1.1 DuPont de Nemours Inc.

      2. 8.1.2 PARC (Xerox Corporation)

      3. 8.1.3 General Electric Company

      4. 8.1.4 Lockheed Martin Corporation

      5. 8.1.5 American Semiconductor Inc.

      6. 8.1.6 Flex Ltd

      7. 8.1.7 Brewer Science Inc.

      8. 8.1.8 Integrity Industrial Inkjet Integration

      9. 8.1.9 SI2 Technologies Inc.

      10. 8.1.10 Epicore Biosystems

    2. *List Not Exhaustive


**Subject to Availability

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Frequently Asked Questions

The Flexible Hybrid Electronics (FHE) Market market is studied from 2018 - 2026.

The Flexible Hybrid Electronics (FHE) Market is growing at a CAGR of 16.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

DuPont de Nemours Inc., General Electric Co., Lockheed Martin Corporation, Flex Ltd., PARC (Xerox Corporation) are the major companies operating in Flexible Hybrid Electronics (FHE) Market.

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