North America Flexible Electronics Market 2023-2030

North America Flexible Electronics Market 2023-2030

MARKET OUTLOOK

Triton Market Research’s report indicates that the flexible electronics market in North America is projected to advance with a compound annual growth rate of 8.31% over the forecasting years 2023-2030. Canada and the United States are considered in the given region.

The adoption of flexible electronics is anticipated to rise, particularly in the healthcare and government sectors. With substantial government spending on healthcare, the sector is expected to experience significant advancements through the utilization of remote sensing devices and government initiatives. Further, the government aims to double the size of its health and biosciences sector by 2025, positioning itself as a top global destination for technology implementation. This progress is set to propel the Canadian flexible electronics market over the forecast period.

Furthermore, the US is among the leading global markets for flexible electronics. It is estimated that the presence of a robust technology innovation ecosystem is expected to create opportunities for the studied market over the upcoming years. In this regard, government measures to promote technological advancements are likely to create demand for flexible electronic materials across multiple sectors, including consumer electronics and automotive.

COMPETITIVE OUTLOOK

The major companies in the flexible electronics market include Fujikura Ltd, Japan Display Inc, Sumitomo Corporation, Flex Ltd, and Blue Spark Technologies.