World Stretchable & Conformal Electronics Market to Post 89% CAGR to 2025, States Lucintel in In-demand Study Published at MarketPublishers.com
22 Aug 2017 • by Natalie Aster
LONDON – The market for stretchable and conformal electronics appears to have bright future, underpinned by the existence of a host of opportunities in the consumer electronics, healthcare, automobile, textiles, as well as aerospace and defense industries.
Worldwide, the value of the stretchable and conformal electronics market is poised to be worth approximately USD 478.9 million by 2025, gathering momentum at an 89% CAGR through the projected period. The market growth is being propelled mainly by the rising uptake of stretchable and conformal electronics products in the fields such as consumer electronics, textiles, and healthcare.
In terms of application, consumer electronics will likely remain the biggest end-user segment owing to the surging uptake of smart wearable devices worldwide.
The usage of stretchable and conformal electronics in the healthcare domain is poised to observe the fastest growth pace in the offing, driven by a hike in the use of smart healthcare products, like smart bandages, biomedical skins, cyborg cardiac patches, etc.
Some of the emerging trends that will likely directly impact the industry dynamics encompass the use of stretchable electronics in biodegradable implants, artificial skin, and additive manufacturing (AM).
The North America region is set to continue to grab the largest market share in value terms, as well as it poised for the fastest growth to 2025 owing to the surging uptake of wearable technologies and growing R&D by different institutions.
Powerfilm, DuPont, MC10, StretchSense and Philips are amongst the key companies producing stretchable and conformal electronics.
In-demand market research report “Growth Opportunities in the Global Stretchable and Conformal Electronics Market” drawn up by Lucintel provides an all-round, unbiased examination of the market worldwide.
The report provides estimates of the global market size by shipment value. It tracks major market trends from 2016 to 2020 and offers respective long-term forecasts to 2025 by segments and region. The research analyses and forecasts the market size by application and component type, by shipment value and volume. It also provides a detailed market breakdown by leading regions. The report offers an all-encompassing analysis of growth opportunities in the stretchable and conformal electronics market across various applications and regions. It includes information on M&A, NDP, the competitive landscape of the global market, and includes profiles of the top 8 companies. The analysis of competitive intensity of the sector s is based on Porter’s five forces model.
More in-demand market research publications by Lucintel are available at its page.