Latin America Flexible Electronics Market 2023-2030

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.