Rockville, MD -- (SBWIRE) -- 02/11/2019 -- Market Introduction
Stretchable conductors in electronics are elastic conductors used in the electronic devices in order to achieve high utility. Stretchable conductors in electronics are used in a number of end use industries such as textile, consumer electronics and automotive. Stretchable conductors in electronics are used in the wearable electronics in the textile industry. Stretchable conductors in electronics used in wearable electronics can either be attached to the human body directly or embedded within the clothes.
Stretchable conductors in electronics are used in the sensor, antenna, switch and wiring used in wearable stretchable components. New advancements in stretchable conductors in electronics such as pasty ink have been introduced in the market in recent years. Stretchable conductors in electronics such as pasty ink have high efficiencies for providing conductivity at its stretch limit. Stretchable conductors in electronics are made up of different types of materials depending on the application of the stretchable conductors in electronics.
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Carbon, silver and graphene are among the more used materials for the manufacturing of stretchable conductors in electronic components. The other application areas of stretchable conductors in electronics include: batteries, solar cells, sensors and other flexible electronic devices. Stretchable conductors in electronics are used in the medical applications to prevent catastrophic failure.
Market Dynamics
The high growth of consumer electronics industry owing to the rising disposable income is expected to drive the market of stretchable conductors in electronics during the forecast period. Growing automation in various industries is expected to be a driving factor for the sales of stretchable conductors in electronics. The applications of the stretchable conductors in electronics in medical devices is expected to create a new platform for the demand of stretchable conductors in electronics in the market.
High cost of stretchable conductors in electronics is expected to retard the market growth of stretchable conductors in electronics. Adding to the cost of the stretchable conductors in electronics, the isolated storage conditions required to store stretchable conductors in electronics are expected to further slowdown the sales growth of stretchable conductors in electronics.
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Regional Outlook
APEJ region has witnessed a significant growth in the consumer electronics and textile industries in recent years. India and China are among the prominent markets which have led to the increase in the growth rate of these industries in APEJ region. The growth of textile and consumer electronics industries in APEJ is expected to boost the sales of stretchable conductors in electronics in coming years. North America with its growing consumer electronics and textile industries owing to the rise in disposable income is expected to create a platform for the market growth of stretchable conductors in electronics.
Europe region has a well-established textile industry and a growing consumer electronics industry. The growth of these industries in Europe is expected to drive the market of stretchable conductors in electronics. The growth of the disposable income in Middle East and Africa region has led to a rise in the demand for the consumer electronics products in the region. The growth of consumer electronics industry in the region is thus expected to help in the sales growth of stretchable conductors in electronics.
Japan, with its growing medical device industry and a well-established consumer electronics industry is expected to help in the market growth of stretchable conductors in electronics. The Latin America region witnessed a significant growth in the automotive industry and has a moderately growing consumer electronics industry. The growth of these two industries in Latin America is expected to help in the market growth of stretchable conductors in electronics in the near future.
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