Latin America Flexible Electronics Market 2023-2030
MARKET OUTLOOK
As per Triton’s report, the Latin America flexible electronics market is expected to propel with a compound annual growth rate of 8.05% during the forecast period 2023-2030. Brazil, Mexico, and Rest of Latin America are taken into consideration in the region’s market.
Mexico’s automotive sector holds significant importance in the country, contributing around 20% to the GDP and providing employment to around one million people. It ranks as the sixth largest global passenger vehicle manufacturer, producing approximately 3 million vehicles annually. In recent years, Mexico has embraced technologies such as big data, smart packaging, wireless technologies, etc., across multiple sectors. These factors are expected to elevate the adoption of flexible electronic components, thereby driving the overall market on a growth path.
In Argentina, flexible electronics hold significant potential in the mobility industry. A significant rise in thin electronics on flexible substrates is expected to increase owing to a rising need for reduced weight of electric vehicles. The conformality of flexible electronics is suited to automotive interior designs. Therefore, expanding the automotive sector widens the scope and growth of the studied market.
COMPETITIVE OUTLOOK
The major companies in the flexible electronics market include Fujikura Ltd, Japan, Display Inc, AGC Inc, Sony Corporation, LG Electronics, Flex Ltd, and AUO Corporation.
1. Latin America Flexible Electronics Market - Summary
2. Industry Outlook
2.1. Technology Snapshot
2.2. Market Evolution
2.3. Impact Analysis On The Flexible Electronics Market
2.3.1. Covid-19 Impact
2.4. Porter’s Five Forces Analysis
2.4.1. Threat Of New Entrants
2.4.2. Threat Of Substitutes
2.4.3. Bargaining Power Of Buyers
2.4.4. Bargaining Power Of Suppliers
2.4.5. Threat Of Competitive Rivalry
2.5. Market Maturity Analysis
2.6. Industry Components
2.6.1. Materials
2.6.2. Substrates
2.6.3. Packaging
2.6.4. Processing/ Testing Equipment
2.7. Regulatory Framework
2.8. Key Market Strategies
2.8.1. Collaborations
2.8.2. Product Launches
2.8.3. Mergers & Acquisitions
2.8.4. Business Divestitures & Expansions
2.9. Market Drivers
2.9.1. R&D Enables More Applications And Advancements
2.9.2. Advancements In Flexible Display
2.9.3. Rising Need For Compact And Cost-effective Products
2.9.4. Growing Demand In The Healthcare Sector
2.10. Market Challenges
2.10.1. Complex Assembly Processes
2.10.2. Weak Encapsulation Techniques
2.11. Market Opportunities
2.11.1. Rising Focus On Energy Conservation
2.11.2. Advancements In The Internet Of Things (Iot)
2.11.3. Breakthroughs In Industry 4.0 And Smart Homes
2.12. Analyst Perspective
3. Latin America Flexible Electronics Market – By Application
3.1. Consumer Electronics
3.2. Medical & Healthcare
3.3. Aerospace & Defense
3.4. Automotive
3.5. Energy & Power
3.6. Other Applications
4. Latin America Flexible Electronics Market – By Component
4.1. Flexible Display
4.1.1. Oled
4.1.2. E-paper
4.1.3. Lcd
4.2. Flexible Memory
4.3. Flexible Sensor
4.3.1. Photo Detector
4.3.2. Bio Sensor
4.3.3. Piezo Resistive
4.3.4. Cmos Hybrid Sensor
4.3.5. Other Flexible Sensors
4.4. Flexible Battery
4.5. Flexible Photovoltaics
5. Latin America Flexible Electronics Market – By Country Outlook
5.1. Brazil
5.1.1. Brazil Flexible Electronics Market Forecast & Prospects