Stretchable and Conformal Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Stretchable and Conformal Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report