Stretchable and Conformal Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Stretchable and Conformal Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Most of the conventional electronic systems use a complex combination of components that can neither be bent nor stretch. However, emergence of stretchable and conformal electronics in the recent times has led to the possibilities of endless designs. As the components of these newly developed technologies can be compressed, twisted and conform to complex non-planar surfaces, stretchable and conformal electronics are promising to achieve a variety of applications for healthcare, consumers electronics, energy, and even for military purposes. With a diverse range of components, these electronics have shown a good potential for next technology revolution in the field and are starting to move beyond lab to early commercial stretchable and conformal electronics market.

Growing demand for electronic devices, especially wearable devices that are soft, comfortable, and stretchable to a certain degree is considered to be the primary factors leading to the development of stretchable and conformal electronics market.

Stretchable and Conformal Electronics Market – Notable Developments

  • Foricot – Tampere, Finland-based stretchable electronics startup has recently raised 4 million euros for stretchable electronics, funded by Volvo and Heraeus Holding GmbH. The company has developed stretchable electronics and algorithm solutions that allows and accurate measurements of weight, balance, and, pressure. While the system can be integrated in wearable devices, logistics, and automobile. Volvo said that Foricot’s technology has the potential to be utilized in the interior of next-generation cars.
  • In 2018, EPTANOVA’s EPTATECH, which provides an assorted varieties of materials for stretchable electronics applications, combined textile printing and printed electronics to produce new conductive and protective inks for printing stretchable electronics on fabric. The inks are water-based, screen printable, and highly stretchable.

Some of the most prominent competitors operating in the competitive landscape of global stretchable and conformal electronics market include –

  • DuPont
  • Phillips
  • Powerfilm, Inc.
  • Toyobo StretchSence
  • MC10
  • Adidas Wearable Sports Electroincs (Textronics, Inc)
  • Stretchable Circuits
  • Cambrios Technology
  • Aiq Smart
  • BeBop Sensors
  • Forster Rohner
  • Infinite Corridor Technology
  • Fujikura Kasei
  • Henkel
  • Hexoskin
  • Eurecat
  • Foricot

Stretchable and Conformal Electronics Market Dynamics

Increasing Adoption of Smart Wearables to Influence Stretchable and Conformal Electronics Market

With rising demand for smart wearable devices across the globe, stretchable and conformal electronics are likely to find increasing application in consumer electronics. In addition, rapid development in sensor technology, better performance, improved functionality, miniaturization, and intelligence in electronics systems are expected to favor the growth of stretchable and conformal electronics market.

Wearable devices for monitoring health and other medical uses require flexible, stretchable, and conformal electronics. Conformal skin patches, for example, are used to monitor heart activity and these electronics have further enable launching of advanced products such as OLED eye masks. Such increasing scope of applications is likely to create lucrative opportunities for manufacturers of stretchable and conformal electronics. Further, rise in adoption of smart healthcare products including smart bandages, biomedical skins, and health monitoring kits are predicted to support the expansion of stretchable and conformal electronics market in healthcare sector.

Stretchable and Conformal Electronics Market to Witness Significant Growth in North America

Heavy investments by government organization in R&D of new form of electronic system in North America is expected to be highly impactful on the growth of stretchable and conformal electronics market in the region.

Increasing number of start-ups entering the market along with continued focus on expanding Internet of Things (IoT) ecosystem and on the development of stretchable sensors and touch sensitive e-skin are deemed to be the important factors to accelerate the growth of stretchable and conformal electronics market in North America. In addition, soaring demand for conformal healthcare devices for better health monitoring has been envisage to fuel the market growth.

Stretchable and Conformal Electronics Market Segmentation

Based on component type, stretchable and conformal electronics market is segmented into:

  • Stretchable Conductors
  • Stretchable Batteries
  • Stretchable Circuits
  • Photovoltaics
  • Electroactive Polymers
  • Others

Based on end use industry, stretchable and conformal electronics market is segmented into:

  • Consumer Electronics
  • Healthcare
  • Automotive
  • Textiles
  • Aerospace & Defense
  • Others

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.