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. The global stretchable and conformal electronics market is expected to reach an estimated $603.5 million by 2027 with a CAGR of 44% from 2021 to 2027. The major drivers for this market are continuous technological advancement and increasing usage of stretchable and conformal electronics products as wearable device in consumer electronic and smart textile industry.
Browse 24 market data tables and 43 figures spread through 98 pages and in-depth TOC on “Global Stretchable and Conformal Electronics Market"
In this market, stretchable circuits, stretchable conductors, electroactive polymers, stretchable batteries, and stretchable photovoltaics are the major component type. Lucintel forecasts that stretchable conductor component 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 market.
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 globally. Improved performance, miniaturization, enhanced functionality, advance 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 of 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 end use industry component, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Stretchable and Conformal Electronics Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global stretchable and conformal electronics market by end use industry, component, and region as follows:
By End Use Industry [$M shipment analysis for 2016 – 2027]:
•Healthcare
•Consumer Electronics
•Automotive
•Aerospace and Defense
•Textiles
•Others
By component [$M shipment analysis for 2016 – 2027]:
•Stretchable Circuits
•Stretchable Conductors
•Electroactive Polymers
•Stretchable Batteries
•Photovoltaics
•Others
By Region [$M shipment analysis for 2016 – 2027]:
•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 or click on this link https://www.lucintel.com/stretchable-and-conformal-electronics-market.aspx or write us at helpdesk@lucintel.com.
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 end use industry (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?