Middle East And Africa Flexible Electronics Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report infers that the flexible electronics market in the Middle East and Africa is estimated to advance in revenue at a compound annual growth rate of 8.69% during the forecast years 2023-2030. Turkey, South Africa, the UAE, Saudi Arabia, and Rest of Middle East & Africa are evaluated in the region.
Kordsa and Sabanci University Platform in Turkey is actively involved in the flexible electronics market, focusing on thin films and flexible electronics technology through an open innovation approach. Moreover, they are collaborating with universities, institutions, and companies in Turkey to develop this technology and explore potential business opportunities. Therefore, such initiatives are fueling the expansion of the flexible electronics market across the country.
Flexible devices, including electronic and energy storage devices, have gained substantial attention in Egypt due to their expanding applications. The country has witnessed rapid advancements in the development of flexible devices driven by innovative methods and manufacturing processes. Further, in Israel, the application of flexible electronics in the military is being tested. For instance, Centum Electronics announced a strategic alliance with Rafael Advanced Defense Systems to develop lightweight electronic warfare systems. This will further propel the growth of the flexible electronics market across the region.
COMPETITIVE OUTLOOK
The key companies listed in the flexible electronics market comprise AGC Inc, LG Electronics Inc, AUO Corporation, Flex Ltd, and Blue Spark Technologies.
1. Middle East And Africa 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. Porters 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. Middle East And Africa 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. Middle East And Africa 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. Middle East And Africa Flexible Electronics Market – By Country Outlook
5.1. United Arab Emirates
5.1.1. United Arab Emirates Flexible Electronics Market Forecast & Prospects
5.2. Saudi Arabia
5.2.1. Saudi Arabia Flexible Electronics Market Forecast & Prospects