The North America Flexible Electronics Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
The market represents a dynamic and transformative sector within the broader electronic technologies landscape. Characterized by the ability of components to bend, stretch, and conform to various shapes, flexible electronics offer a paradigm shift from traditional rigid circuitry to versatile and adaptable systems. As consumers increasingly demand devices that are compact and resilient to the dynamic nature of daily life, flexible displays, batteries, and sensors have emerged as key enablers.
The automotive industry is leveraging the benefits of these for innovative interior designs, curved displays, and smart surfaces. The flexibility of electronic components allows for integration into unconventional spaces within vehicles, enhancing the overall user experience. From curved infotainment displays to flexible lighting solutions, automotive applications drive the demand for flexible electronics. These are crucial in implementing ambient lighting solutions in automotive interiors.
Mexico has shown commitment to clean energy through various government initiatives and policies. As per the data from the International Trade Administration, in 2022, the installed capacity of Mexico’s clean energy plants (renewable and non-renewable) was 31,369 MW, which represented an increase of 1.81 percent in comparison to the previous year, when the installed capacity of clean energy accounted for 30,812 MW. Hence, North America's growing energy and power sector is expected to boost the expansion of the regional market.
The US market dominated the North America Flexible Electronics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,100.5 million by 2030. The Canada market is experiencing a CAGR of 9.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.8% during (2023 - 2030).
Free Valuable Insights: The Flexible Electronics Market is Predict to reach $46 Billion by 2030, at a CAGR of 8.0%
Based on Component, the market is segmented into Flexible Display, Flexible Memory, Flexible Sensors, Flexible Battery, and Flexible Photovoltaics. Based on Application, the market is segmented into Consumer Electronics, Medical & Healthcare, Aerospace & Defense, Automotive, Energy & Power, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Application
By Country
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