According to
a new market report published by Lucintel, the future of the stretchable and
conformal electronics market looks attractive with opportunities in the
consumer electronics, healthcare, automotive, aerospace and defense, and
textiles industries. The global stretchable and conformal electronics market is
expected to reach an estimated $478.9 million by 2025 and is forecast to grow
at a CAGR of 89% from 2017 to 2025. The major growth drivers for this market are
increasing usage of stretchable and conformal electronics products in the healthcare,
consumer electronics, and textiles markets.
In this
market, stretchable circuits, stretchable conductors, electroactive polymers,
stretchable batteries, and stretchable photovoltaics are used to manufacturer stretchable
electronic devices. Lucintel forecasts that 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.
Within the stretchable and
conformal electronics market, 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. Lucintel predicts
that the demand for stretchable and conformal electronics in healthcare is
likely to experience the highest growth in the forecast period supported by the
demand for smart healthcare products, such as biomedical skins, smart bandages,
health monitoring kits, and cyborg cardiac patches.
North America
is expected to remain the largest market 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.
Emerging
trends, which have a direct impact on the dynamics of the industry, include
adoption of stretchable electronics in artificial skin, biodegradable implants,
and additive manufacturing as a new manufacturing technique. DuPont, MC10,
Inc., Powerfilm, Inc., Philips, and StretchSense are among the major suppliers
of stretchable and conformal electronics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth
opportunities in the stretchable and conformal electronics market by
application component, and region. Lucintel has prepared a comprehensive
research report entitled “Growth
Opportunities in the Global Stretchable and Conformal Electronics Market
2017-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel
report serves as a catalyst for growth strategy as it provides comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the global stretchable and conformal electronics market by
application, component, and region as follows:
By End Use Industry [$M
shipment analysis for 2016 – 2025]:
· Healthcare
· Consumer Electronics
· Automotive
· Aerospace and Defense
· Textiles
· Others
By component [$M shipment analysis for 2016 – 2025]:
· Stretchable Circuits
· Stretchable Conductors
· Electroactive Polymers
· Stretchable Batteries
· Photovoltaics
· Others
By Region [$M shipment analysis for 2016 – 2025]:
· North America
· Europe
· Asia Pacific
· Rest of the World
This 98-page research report will enable you to make confident
business decisions in this globally competitive marketplace. For a detailed
table of contents, contact Lucintel at +1-972-636-5056. Lucintel offerings
include
Telecommunication
Report, Telecommunication
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
About Lucintel
Lucintel, the premier global management consulting and market
research firm, creates winning strategies for growth. It offers market
assessments, competitive analysis, opportunity analysis, growth consulting,
M&A, and due diligence services to executives and key decision-makers in a
variety of industries. For further information, visit www.lucintel.com.
This report
answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities
for the global stretchable and conformal electronics market by application
(healthcare, consumer electronics, automotive, aerospace and defense, textiles,
and others), component (stretchable circuits, stretchable conductors,
electroactive polymers, stretchable batteries, photovoltaics, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are
the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind
them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies
are leading these developments?
Q.9 Who are the major players in this market? What strategic
initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in
this area and how big of a threat do they pose for loss of market share via
material or product substitution?
Q.11 What M & A activities have taken place in the last 5
years in this market?
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