Stretchable Electronics Market is projected to reach a value of over USD 1.4 Billion by 2027 at a CAGR of around 85.5%.
STRETCHABLE ELECTRONICS MARKET: Summary
The Global Stretchable Electronics Market is projected to reach a value of over USD 1.4 Billion by 2027 at a CAGR of around 85.5%.
Stretchable electronics also known as elastic electronics is a developing category of electronics, based on electronic circuits or device manufactured on a stretchable substrate. The circuits are made either by imposing stretchable electronics components on a stretchable substrate or by implanting them completely in stretchable materials. At present, two major approaches are adopted for producing stretchable electronics. In first approach, the components used are rigid in nature and the substrate is made stretchable. In second approach, the rigid components are converted into stretchable material, for instance, silicon that is brittle in nature can be grown on pre-stretched surface and is then compressed, and generating buckling waves. Devices made up of stretchable electronics have immense potential applications in healthcare, energy and consumer electronics, among other industries.
STRETCHABLE ELECTRONICS MARKET: Drivers & CHALLENGES
- Growing Adoption of Wearable Devices
Growing adoption of wearable devices is one of the major drivers for the stretchable electronics market. Wearable devices are used in various industries as per the requirement of the end customer. In healthcare industry, the devices are used to monitor and diagnose any future illness in the individual by collecting physiological and behavioural data. In cardiology, wearable devices provide essential information such as heart rhythms, blood pressure, breathing patterns and blood glucose level among others. Moreover, in textile industry, smart clothing is gaining traction because of the stretchable electronics; researches are being conducted to integrate bendable micro sized electronic components into fabrics. A project named “Project Jacquard” was started in the collaboration of Google and Levi Strauss under which a jean was made that can be connected with a computer or tablet.
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- Obstacle in Finding Suitable Material
Currently, determining suitable material is the major challenge for stretchable electronics manufacturers. Each component in the stretchable electronics must be capable of getting compressed, twisted, and adapting to uneven surface without affecting performance. The components shall have flexibility and stretch ability, as stretchable conductors are important construction unit while connecting working circuits of various devices.
Stretchable Electronics market: Key segments
- Segmentation based on component: Conductors, Batteries, Sensors, and Others.
- Segmentation based on application: Electronic Display, Electronic Skin, Touch Panel, Health Monitoring and Others.
- Segmentation based on end-users: Consumer Electronics, Healthcare, Automotive, Aerospace and Defense, and Others.
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.
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Stretchable Electronics MARKET: Report SCOPE
The report on the stretchable electronics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2018–2027Base Year for Market Calculation2019Forecasted Period2020–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedComponent, Application, End-users, and RegionRegional CoverageNorth America, South America, Asia-Pacific, Europe, Middle East & Africa
KEY Companies Covered
- Xerox Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Apple Inc.
- StretchSense Limited
- Royole Corporation
- PowerFilm Solar Inc.
- Ares Materials
- Other Key Companies
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Stretchable Electronics MARKET: report segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Stretchable Electronics Market, by Component
Stretchable Electronics Market, by Application
- Electronic Display
- Electronic Skin
- Touch Panel
- Health Monitoring
Stretchable Electronics Market, by End User
- Consumer Electronics
- Aerospace and Defense
Stretchable Electronics Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL STRETCHABLE ELECTRONICS MARKET BY COMPONENT, Market Size in USD Million (2019–2027)
7 GLOBAL STRETCHABLE ELECTRONICS MARKET BY APPLICATION, Market Size in USD Million (2019–2027)
8 GLOBAL STRETCHABLE ELECTRONICS MARKET BY END-USER, Market Size in USD Million (2019–2027)
9 GLOBAL STRETCHABLE ELECTRONICS MARKET BY REGION, Market Size in USD Million (2019–2027)
10 Competitive Landscape
11 Company Profiles
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