Market Research Report
North American Flexible Electronics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942757|
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|North American Flexible Electronics Market 2019-2025|
|Published: February 11, 2020||Content info:||
North American Flexible Electronics Market Size, Share & Trends Analysis Report by Type of Component (Flexible Display, Flexible Battery, Flexible Sensors, and Flexible Memory), by Application (Consumer Electronics, Healthcare, Automotive, Energy and Power, Defense and Aerospace, and Others) and Forecast, 2019-2025
The North American flexible electronics market is estimated to grow significantly at a CAGR of around 13.7% during the forecast period. North American region is one of the most established and significantly growing market in terms of flexible electronic products sale. The factor which aid in the growth of this region is growing demand for flexible, slimmer, and light weight gadgets. Demand for flexible electronics has substantially increased in the US followed by Canada. The region is projected to mount up the need of flexible electronics in healthcare applications. Due to rapid growth in health-conscious population in North America, companies are bringing wearable devices in their product portfolio which as a result is projected to contribute a huge share in flexible electronic market.
This region is showing notifiable growth in terms of smartphone ownership and the major players manufacturing them. This increase in the mobile phone subscription is certainly growing the need of compact batteries which as a result support the flexible electronics market growth. Smartphones and tablet manufacturers are developing their strategies for manufacturing of these slimmer and compact batteries. With recent developments in mobile phone industry for compact batteries, the region is estimated to grow further with the increasing number of applications of flexible electronics in computers, laptops and other electronic devices.
The companies which are contributing to the growth of the North American flexible electronics market include 3M Co., BASF SE, Samsung Electronics Co., Ltd., LG Electronics, Inc., and Fujikura Ltd. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in May 2018, Cymbet Corp., Inc. has expanded its product portfolio by introducing an IC integrated with an ultra-low power Real-Time Clock (RTC), offering power management functions. The Power Management with RTC (PMRTC) aids in charging voltage options for wide range of backup power sources including EnerChips, rechargeable coin cells, and supercapacitors.
The market study of the North American flexible electronics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.
The Report Covers: