Market Research Report
US Flexible Electronics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942759|
Delivery time: 2-3 business days
|US Flexible Electronics Market 2019-2025|
|Published: February 11, 2020||Content info:||
US 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 US flexible electronics market is estimated to grow modestly at a CAGR of around 13.4% during the forecast period. The US is the leading market for electronic products due to the already established smartphone industry and widespread application of electronic components in entertainment devices, automotive and healthcare equipment. The strength of the US includes industrial competency in the development of equipment, advanced materials, and chemistry, microelectronics, nanotechnology, and printing. In addition, the country has a superior system of research universities as well as the best infrastructure across the globe and entrepreneurial culture to foster innovative start-ups. Moreover, the country has the government with extensive experience working with the industry for fostering innovation. The development of capabilities in flexible electronics is promoted by the US federal government through partnerships with the National Institute of Standards and Technology (NIST) and funding from the National Science Foundation (NSF), The Defense Advanced Research Projects Agency (DARPA), and Department of Energy (DOE).
The researchers in the US are working well on flexible electronics technology. For instance, the research team at the Massachusetts Institute of Technology (MIT) in October 2018, had found a way of growing single crystalline compound semiconductor on its substrate through two-dimensional materials that can benefit industries such as wearables, photonics, IoT and solar energy. With this innovation, the mass-production of ultra-thin gallium arsenide and gallium nitride chips can be achieved inexpensively. In addition, monolayer materials can be harvested for manufacturing 2D electronics such as tiny photonics devices.
The companies which are contributing to the growth of the US 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, Blue Spark Technologies, Inc. has developed a TempTraq, a Bluetooth wearable temperature monitor that received CE mark approval in November 2018. It serves as a continuous temperature monitoring solution in the form of a comfortable, soft, disposable patch, that will now be available to the consumers and hospitals in the European region.
The market study of the US 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. In the report, the analysis of the country 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:
US FLEXIBLE ELECTRONICS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)