Market Research Report
Global Stretchable Electronics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||542612|
|Published||Content info||190 Pages
Delivery time: Inquiry
|Global Stretchable Electronics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023|
|Published: July 24, 2017||Content info: 190 Pages||
Stretchable Electronics (elastic electronics or elastic circuits) technology combines electronic devices and circuits with stretchable substrates. Electronic circuits are built by depositing stretchable electronic devices and circuits on stretchable materials such as silicones or polyurethanes. Stretchable electronics technology is also used in manufacturing of rigid Printed Circuit Boards (PCB). The global stretchable electronics market is expected to rise at a CAGR of about 105% during the forecast period 2016-2023. Increasing consumer electronics industry and increasing demand for small sized electronic products are the factors boosting the growth of the global stretchable electronics market. Also, increased utilization of solar cells and increasing demand for wearable communication device, bio integrated circuits and robotic sensory skin are fueling growth in the global stretched electronics market. However, time consuming and laborious manufacturing process of stretchable electronics and lack of innovative and new devices are the factors responsible to restrain the growth of the global stretchable electronics market.
Geographically, North America accounted for the highest revenue share in 2016. The region is expected to witness the highest growth in the field of stretchable electronics market with the adoption of new technologies. The main driving factor behind the growth of stretchable electronics market in North America is adoption of advanced technologies by the market players present in the region and growing usage of stretchable electronics in various applications such as consumer products, healthcare, aerospace, telecom etc. Also, most of the R&D activities are responsible for the growth of stretchable electronics market in North America during the forecast period. Additionally, Asia Pacific and Europe are also promising markets for stretchable electronics due to presence of emerging countries such as Germany, UK, China and India.
The growth in global stretchable electronics market is also influenced by the presence of major players such as 3 M (U.S.), Physical Optics Corporation (U.S.), Dupont (U.S.), Bodymedia (U.S.), PARC (U.S.), Cambrios (U.S.), Power film (U.S.), MC 10 (U.S.) etc. Product launches, Mergers & acquisitions etc. are some crucial strategies adopted by the major players to gain competitive advantage.
Global stretchable electronics market report covers segmentation analysis of component type and applications. Report further covers segments of components which include stretchable circuits, electro active polymers, stretchable batteries and photovoltaics. The various applications of the global stretchable electronics market include consumer products, automotive electronics, health care, aerospace and defense, textiles and telecom. Stretchable electronics in healthcare (application) segment is expected to hold the largest market revenue during the forecast period due to increasing technological innovations and applications such as sun exposure monitoring, neuro science research, spinal surgery etc.