NORTH AMERICA FLEXIBLE ELECTRONICS MARKET FORECAST 2023-2032

The North America flexible electronics market growth evaluation entails the assessment of the United States and Canada. The United States economy is one of the largest as well as the most advanced tech industries globally. Moreover, the country is also among the major global industries for flexible electronics. As per projections, the United States market for flexible electronics is set to have a significant growth rate, primarily due to the presence of a robust technology innovation ecosystem. Government support is also a key aspect of the country’s flexible electronics arena, with the United States federal administration supporting various activities and programs of the Defense Advanced Research Projects Agency (DARPA), Department of Energy (DOE), and National Science Foundation (NSF), among others. 

Conversely, the United States government also supports a manufacturing hub termed NextFlex for the development of flexible hybrid devices (FHDs). The consortium of 162 companies, non-profit organizations, and academic institutions, as well as local, state, and federal government representatives, are mainly focused on the production and development of FHDs. These devices are being designed and manufactured to be attached to objects of virtually any size and shape, in addition to being stretched across buildings and objects. As a result, these factors are anticipated to play an essential role in fueling the North America flexible electronics market growth during the forecast period. 

The North America flexible electronics market is segmented into component and application. The component segment includes flexible display, flexible memory, flexible sensor, flexible battery, and flexible photovoltaics. A flexible display is characterized as a visual output surface designed to be capable of withstanding being folded, twisted, and bent. Typically, screens that utilize flexible displays are made of OLED displays. Flexible displays are also becoming highly prevalent across the realm of foldable technology, like in smartphones, designed to be folded or closed like a book. 

On the other hand, the design of flexible memory aims to have swift access to compressed memory blocks, flexible structure for future extension, high utilization of memory capacity, as well as added reliability. The design also uses a page structure, enabling arbitrary sizes for each memory block while maintaining higher efficiency. Additionally, the header stores the sizes and offsets of all its memory blocks on every page.

The top firms operating in the North America flexible electronics market are Sony Corporation, LG Electronics Inc, Blue Spark Technologies, etc.

Blue Spark Technologies, headquartered in the United States, supplies and manufactures thin disposable printed battery solutions. The company also provides printed carbon-zinc batteries, catering to system integrators as well as product design engineers across industrial applications. These include pharmaceutical, chemical, food and beverage, medical diagnostics, and healthcare.