Middle East And Africa Flexible Electronics Market 2023-2030

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.