Global stretchable electronics market is expected to witness significant growth over the forecast period. The growth may be attributed to surging demand across healthcare, sport, and military sectors. The market is poised for growth owing to several benefits offered by these electronics such as long switching times, simple fabrication, and low fabrication cost. Additionally, stretchable electronics is anticipated to enable new markets for large-area, flexible or low-cost disposable devices, which is further expected to drive the global stretchable electronics market growth. Further, stretchable electronics technology may offer processing advantages, which may favorably impact market growth over the next few years.
Stretchable electronics, better known as elastic circuits or elastic electronics is a technology for manufacturing electronic circuits by applying stretchable electronic circuits and devices onto stretchable substrates or implanting them completely in a stretchable material such as polyurethanes or silicones. In other words, stretchable electronics is a combination of electronic and electrical circuits that are inelastically or elastically stretchable by more than a few percent, while retaining the functions.
Increasing competition from non-stretchable electronics products coupled with complexity of the value chain tend to inhibit growth in the global stretchable electronics market over the next few years. Process integration, manufacturability or stability is also expected to hinder market growth. In addition, lack of awareness is also expected to pose challenge to market growth. However, emergence of new functionalities and applications paired with integration into multiple products may offer new avenues for the global stretchable electronics market growth. Increasing demand for flexible electronics along with the wide range of substrates and increased investments may favorably impact the global stretchable market growth over the next few years. Rising demand for light-weight products and environmentally friendly technology is further anticipated to drive market growth.
Growing need for high performance devices and low-cost manufacturing are estimated to drive the stretchable electronics market growth significantly. Additionally, need for differentiation coupled with lower power consumption may propel stretchable electronics demand extensively. Growing high end-user interest coupled with need for working integrated devices is further expected to fuel market growth. Asia Pacific is projected to account for significant market share over the forecast period. However, North America is expected to exhibit high growth owing to widespread adoption of new technology in the region. The European market is further anticipated to witness immense growth opportunities owing to developments in Eastern Europe.
Key market participants include ACREO, AIST, Artificial Muscle, Air Force Laboratory, Avery Dennison, Body Media, Cambrios Technologies, Canatu, East Japan Railway Company, Freudenberg, G24 Innovations, Georgia Institute of Technology, Holst Center, Idaho National Laboratory, IMEC, Imperial College, Lockheed Martin Corporation, MC10, Michigan Technological University, Micromuscle, Northwestern University, Pelikon, Philips, Physical Optics Corporation, POWERLeap, PowerFilm, Shimmer Research, Smartex, T-ink, Urgo, and Verhaert.
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."