North America Flexible Electronics Market Forecast 2023-2032

North America Flexible Electronics Market Forecast 2023-2032

KEY FINDINGS

The North America flexible electronics market is projected to grow with a CAGR of 8.06% during the forecasted years of 2023 to 2032. The market growth of the region is predominantly ascribed to key factors such as the presence of a prominent marketspace for smartphones as well as smart wearable technology, coupled with the substantial precompetitive research and development (R&D) in the rapidly emerging field of flexible electronics.

MARKET INSIGHTS

The North America flexible electronics market growth assessment covers the analysis of Canada and the United States. Canada is second to the United States in the North American market in terms of growth opportunities. The nation has several organizations as well as institutions with central roles in the emerging technologies of flexible electronics.

For example, the UBC Centre for Flexible Electronics and Textiles (CFET) was awarded $5M to establish unique facilities for integrating and designing flexible and low-cost electronic materials, textiles, and devices. As a part of the Prometheus Project, it entails two labs with ultra-modern facilities to conduct multidisciplinary research associated with prototyping flexible electronics on textiles, paper, and plastic and roll-to-roll manufacturing flexible substrates.

In addition, a new transistor was invented by a team of research engineers from the University of Alberta (UA). It could develop flexible electronic devices in wide-ranging applications like medical imaging, renewable energy production, and display technology. Hence, such developments make Canada a lucrative space for flexible electronics, thus contributing to the overall growth of the North America flexible electronics market during the forecasted period.

COMPETITIVE INSIGHTS

Key companies in the market include LG Electronics Inc, Blue Spark Technologies, Sony Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments