The stretchable electronics market is projected to witness a colossal increase in future years. The growing consumer electronics industry would drive the market growth. Market Research Future (MRFR) asserts that the global stretchable electronics market is poised to escalate from USD 0.4 BN in 2022 to USD 3.04 BN by 2032, growing at a 16.26% CAGR throughout the assessment period (2023-2032).
Major Players
Leading stretchable electronics market players are
· RISE Acreo
· Forciot Ltd.
· SRI International
· CAMBRIOS
· AVERY Dennison Corporation
· Canatu Oy
· Georgia Institute of Technology
· GCell
· Holst Centre
· MC10
· IMEC, among others.
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With advances in nanomaterials and nanofabrication technologies in the past, stretchable electronics have evolved remarkably. They are considered next-generation electronic devices that can deployed on the human skin or on curved, deformable interfaces. Stretchable electronics garner significant attention due to their potential in many innovative applications, such as soft robotics, electronic skins, epidermal electronic devices, biomedical engineering, healthcare monitoring, and human–machine interfaces.
Soft and conformable electronics are emerging rapidly. This trend envisions the future of next-generation electronic devices that can be easily deployed on-body, on-skin, and biomedical implants. Electrical conductors are the fundamental building blocks for advanced stretchable electronic devices and systems.
Rapid developments in materials, assembly techniques, and electronic products with small form factors are key market drivers, improving operational speed. In the future, stretchable devices could have a broad range of applications in next-gen wearable electronics and health sensors. Augmenting demand for wearable and thinner electronics substantiates the stretchable electronics market share.
With dramatically evolving technological advances, stretchable electronics have become crucial in industries such as robotics and biomedical. Developments in IoT and the demand for cost-competitive electronic products impact market growth positively. Moreover, the wide adoption of stretchable electronics technology and solutions worldwide escalates the market valuation.
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Global Stretchable Electronics Market – Segmentations
The report is segmented into components, applications, and regions. The component segment is -sub-segmented into electroactive polymers, stretchable batteries, stretchable conductors, photovoltaics, and stretchable circuits. The application segment is -sub-segmented into healthcare, consumer electronics, automotive electronics, aerospace defense, and others. By region, the stretchable electronics market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.
Stretchable Electronics Market – Geographical Analysis
APAC is the largest market for stretchable electronics globally, witnessing increasing adoption of consumer electronic products. The increasing popularity of stretchable bio-batteries and organic solar cells drives market growth. Besides, growing investments in soft robotics with touch-sensitive e-skins and semiconductors boost the stretchable electronics market size.
Global Stretchable Electronics Market – Competitive Analysis
Highly competitive, the stretchable electronics market appears fragmented, with the presence of many well-established players. Mergers acquisitions, collaboration, and innovations remain the key trends for the leading players. Such strategic approaches support the growth and expansion plans of these key players.
Industry/ Innovation/ Related News
Mar. 28, 2023 -- Panasonic introduced a new thermoset stretchable film polymer substrate, BEYOLEX, for printed electronics (PE). The company developed this novel material using a proprietary non-silicone thermoset polymer chemistry at the Electronic Materials Laboratory Japan. BEYOLEX stretchable film is 100 microns thick and features soft conformability, high-temperature resistance, and ultra-low permanent deformation after stretching.
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