Global Stretchable Electronics Market, By Component (Electroactive Polymer, Stretchable Batteries, Stretchable Conductor, Photovoltaics, Stretchable Circuit), Application (Health Care, Consumer Electronics, Automotive Electronics, Textile, Aerospace and Defense And Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Stretchable Electronics Market
The stretchable electronics market is expected to witness market growth at a rate of 25.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on stretchable electronics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Stretchable electronics are generally known to be as elastic electronics or elastic circuits. Stretchable Electronics denote to the technology which includes designing electronic circuits by the means of deposition of stretchable electronic devices on the stretchable substrates. They can also be installed completely in the stretchable materials like the silicones or polyurethanes. Stretchable electronics can contain the same electronic devices that are utilized for rigid printed circuit boards. Only thing that needs to be changed is the substrate and interconnects which needs to be stretchable in material.
Major factors that are expected to boost the growth of the stretchable electronics market in the forecast period are the developments in the materials and assembly techniques, miniaturization of electronic products for better operational speed. Furthermore, the growing of the customers in the electronics industry and the upsurged usage of organic solar cells are few of the factors further anticipated to propel the growth of the stretchable electronics market.
On the other hand, the time consumed and the laborious manufacturing procedure of the stretchable electronics, the stabilized superior technologies obstructing the growth of stretchable electronics and the absence of advanced and new devices are some of the other factors further estimated to obstruct the growth of the stretchable electronics market in the timeline period.
In addition, the infiltration into multiple applications and the growing of the smart sportswear industry will further provide growth opportunities for the stretchable electronics market in the coming years. However, to accomplish the mechanical sturdiness and the good electrical performance and the unaddressed governing concerns might further challenge the growth of the stretchable electronics market in the near future.
This stretchable electronics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the stretchable electronics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Stretchable Electronics Market Scope and Market Size
The stretchable electronics market is segmented on the basis of component and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the component, the stretchable electronics market is segmented into electroactive polymer, stretchable batteries, stretchable conductor, photovoltaics, stretchable circuit.
- Based on the application, the stretchable electronics market is segmented into health care, consumer electronics, automotive electronics, textile, aerospace and defense and others.
Stretchable Electronics Market Country Level Analysis
The stretchable electronics market is analysed and market size, volume information is provided by country, component and application as referenced above.
The countries covered in the stretchable electronics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the stretchable electronics market because of the extensive adoption of new technology, the increasing investments in building and developing organic stretchable photovoltaic cells, touch sense eskin, and IoT, and the growing need for wearable technologies. Furthermore, the increasing of research and development by several institutions, and the occurrence of leading developers and competitors of stretchable electronics technology will further boost the growth of the stretchable electronics market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the stretchable electronics market because of the increasing popularity of stretchable bio-batteries and organic solar cells, growing investments in soft robotics with touch-sensitive e-skins and the increasing and high adoption of consumer electronic products. Moreover, the increasing demand for portable renewable energy resources, the rising of the population and the growing need for effective and accurate monitoring of physical conditions is further anticipated to propel the growth of the stretchable electronics market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Stretchable Electronics Market Share Analysis
The stretchable electronics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to stretchable electronics market.
The major players covered in the stretchable electronics market report are Forciot Ltd, RISE Acreo, SRI INTERNATIONAL, AVERY DENNISON CORPORATION, CAMBRIOS, Canatu Oy, GCell, Georgia Institute of Technology, Holst Centre, IMEC, MC10, Northwestern University, PowerFilm Solar Inc., Shimmer, DuPont., Touchcode, Verhaert New Products & Services NV, Apple Inc., NextFlex., Palo Alto Research Center Incorporated;, FINELINE Circuits Limited., StretchSense., tacterion, Bainisha cvba, Leap Technology ApS, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.