New York, NY -- (SBWire) -- 09/18/2018 --Stretchable and Conformal Electronics refers to a whole host of emerging electronic materials, components and devices that exhibit some degree of mechanical stretchability which include sensors, interconnects, actuators, functional films, batteries, logic, displays and so on.
Stretchable and conformal electronics has wide range of applications and opportunities in the different sectors like consumer electronics, healthcare, automotive, aerospace and defense, and textiles industries. The global stretchable and conformal electronics market is expected to reach an estimated $xxx.xx million by 2025 and is forecast to grow at a CAGR of xx% from 2017 to 2025.
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The different segment of stretchable and conformal electronics market are stretchable and conformal electronics type, application and by region.
Market segmented on the basis of application:
- Healthcare
- Consumer Electronics
- Automotive
- Aerospace and
- Defence
- Others
Consumer electronics is expected to remain the largest end use segment due to the increasing adoption of smart wearable devices across the globe. Improved performance, miniaturization, enhanced functionality, advanced sensor technology and intelligence in electronic systems are further supporting the growth of this market.
Market segmented on the basis of type :
- Stretchable circuits & batteries
- Stretchable conductors
- Electroactive polymers
- Photovoltaics
- Others
The stretchable conductor market is expected to remain the largest and is also expected to witness the highest growth over the forecast period supported by growing demand in the consumer electronics, healthcare, aerospace, and automotive markets.
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Market segmented on the basis of region (North America, Europe, Asia-Pacific and Rest of the world): North America held the largest market share by value and is also expected to witness the highest growth over the forecast period because of growing demand for wearable technologies and increasing research and development by various institutions.
North America is a hub for developing technologies and the home for technology. The reasons attributed due to increasing demand for wearable devices in the healthcare sector. Furthermore, Europe is expected to have substantial growth over the next few years. The United Kingdom, Germany, and France are the leading countries in the region. This is due to surging awareness of wearable gadgets for gaming applications.
APAC is expected to grow at the fastest growth rate during the forecast period, due to the presence of a large number of electronics and semiconductor manufacturers in the region.
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The major market players of the global stretchable and conformal electronics market are:
- Aiq Smart
- Bebop
- Cityzen
- Directa Plus
- Dupont
- Eurecat
- Adidas
- Footfalls and Heartbeats
- Forster Rohner
- Fujikura Kasei
- Henkel
- Hexoskin
- Infinite Corridor
- Others
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the market.
The factors contributing to the growth of the stretchable and conformal electronics market is due to increase in demand for inexpensive materials for solar cells, rapidly expanding consumer electronics industry, and raising awareness of wearable devices in the healthcare industry. Furthermore, increased investment to develop the flexible and stretchable electronic product in various industrial applications are anticipated to be a better prospect over the next few years.
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