Market Research Report
Global Structural Electronics Market Size - Segmented By Component Type (Battery, OLED Display, OLED Lighting), Application (Automotive, Aerospace, Consumer Electronics), and Region - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||704871|
|Published||Content info||102 Pages
Delivery time: 1-2 business days
|Global Structural Electronics Market Size - Segmented By Component Type (Battery, OLED Display, OLED Lighting), Application (Automotive, Aerospace, Consumer Electronics), and Region - Growth, Trends, and Forecast (2018 - 2023)|
|Published: August 18, 2018||Content info: 102 Pages||
The structural electronics market is expected to register a CAGR of over 14.7%, during the forecast period of 2018-2023. The report profiles the providers of structural electronics, for various industries.
Structural electronics is considered to be one of the most important emerging technologies. Improvements in 3D technology and rise of IoT are the factors fueling the growth of structural electronics market. In addition, there is an increase in the demand for lightweight, cost-effective, and compact products. Structural electronics offer these advantages, thereby augmenting their usage in a wide range of applications. The advancements in material science (for the development of stretchable conductive materials), application diversity, and government funding are expected to play a critical role in fueling the improvements in structural electronics. In addition, lack of technological awareness is projected to hamper the growth of the market studied, during the forecast period.
The Automotive Sector Expected to Record Significant Growth
Structural electronics include electronic components and circuits that act as load-bearing, protective structures, by replacing the dumb structures (such as automobile bodies) or conformally placed upon them. The critical capability of structural electronics to reduce the weight of a product is projected to disrupt the automotive sector. Structural electronics is expected to be next big thing in smart cars, as the elements of structural electronics would be integrated within the vehicle's body and undercarriage, thereby resembling the human nervous system and enabling cars to instantly recognize touch and damage. In addition, in the future, hybrid/electric cars are expected to use structural electronics, with printed OLED (organic light emitting diode) incorporated inside and outside the car roof. The market studied is expected to witness a significant demand for structural electronics, over the forecast period, in line with the booming automotive sector.
North America Expected to Account for the Largest Share in Structural Electronics Market
North America's robust financial position enables it to invest heavily in advanced solutions and technologies. The higher penetration of structural electronics in the region can be attributed to the high adoption of such products in conductors, photovoltaic products, and sensors, which are used in high-end cars and space vehicles. Moreover, electric vehicles are primary consumers of structural electronics, which is expected to propel the growth of the market studied, as North Americans are increasingly adopting electric cars. Besides, the increasing usage of IOT and 3D technology across various industries is projected to fuel the demand for structural electronics, over the forecast period.
Key Developments in the Structural Electronics Market
April 2018: TactoTek, the developer of injection molded structural electronics solutions (IMSE), announced its IMSE partner program, for producers of equipment, materials, electronic components, and design tools, used in IMSE solution design and production. IMSE solutions deliver electronic functions, such as touch controls, communications, and lighting, within thin, 3D molded structures in which the electronics are encapsulated and protected, by injection molded plastics.
January 2018: PBC Tech, the developer of innovative supercapacitor-based energy storage and battery enhancement technologies, announced a manufacturing partnership agreement with KLA-Tencor, in preparation for the commercial launch of its PowerWrapper ultrathin supercapacitor.
Structural Electronics Market Major Players: TACTOTEK OY., PBC TECH CO., BOEING CO., CANATU OY, INC., NEOTECH AMT GMBH., MOLEX, LLC., T-INK, INC., FARADAIR AEROSPACE UK., TOYOBO CO., LTD. and PANASONIC CORPORATION., among others.
Reasons to Purchase Structural Electronics Market Report
An analysis of various perspectives of the market studied, with the help of Porter's five forces analysis
The segments that are expected to dominate the market studied
The regional analysis of the market, during the forecast period
The latest developments, market shares, and strategies employed by the major market players and key innovators
3 months analyst support along with the Market Estimate sheet (in Excel)
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