Dublin, Aug. 11, 2023 (GLOBE NEWSWIRE) -- The "Europe Stretchable Electronics Market Segmented By Component (Electroactive Polymers (EAPs), Stretchable Conductors, Stretchable Batteries, Stretchable Circuits, Photovoltaics), By Application, By Country, Competition Forecast and Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
The Europe Stretchable Electronics Market is poised for robust growth up to the year 2028
This growth is driven by the increasing popularity of smart electronics and the rapid expansion of the Internet of Things (IoT) industry. Investments in stretchable electronics are also on the rise, further propelling the market's growth during the forecasted period.
Stretchable electronics, also known as elastic circuits or electronics, involve the use of electronic circuits on stretchable substrates, such as silicone or polyurethane, to create electronic devices.
This revolutionary form of electronics is expected to pave the way for a wide range of new applications, including sponge-like in-vivo implantable electronics, robotic devices with cyber skins featuring sensor networks, and flesh-like devices with embedded electronic nervous systems.
Growth of the Internet of Things (IoT)
The Internet of Things (IoT) has a broad vision of connecting every single object in Europe to form one network. Stretchable electronic devices, including RFIDs, sensors, memory devices, displays, and power sources, are considered to be the technological basis of the IoT.
The development of stretchable electronic devices has been extremely rapid in the last decade. For instance, to address the growing concerns behind sun exposure as well as to educate consumers, L'Oreal has designed a wearable patch that monitors UV exposure.
Moreover, stretchable electronics are becoming almost synonymous with many emerging applications in the IoT, such as agriculture, health care, and structural health monitoring.
Other types of stretchable electronic devices are essential to the IoT, especially in wearable gadgets, such as fitness bands and smartwatches. Therefore, with the rising IoT, the demand for stretchable electronics is likely to increase in the coming years.
Rising Demand for Consumer Devices
Stretchable electronics are commonly utilized in mobile phones, tablets, PCs, wearables, televisions, and other consumer electronics because they are affordable, reliable, and flexible. Such devices use stretchable displays to conserve space while also thinning and lightening them. The two primary types of displays used are stretchable organic light-emitting diodes and flexible organic liquid crystal displays.
Furthermore, the need for stretchable electronics is growing in step with the rising demand for consumer electronics. Despite a drop in smartphone shipments due to the COVID-19 epidemic, the smartphone and wearable devices market is expected to recover quickly with such technology.
Continuous Technological Development
Many major companies in Europe the industry is investing heavily in R&D to continuously develop their products. For instance, together with Intel, Samsung Electronics Co. Ltd. is working to transform a 5G standalone core into a new service-based architecture that will improve the internet of things, ultra-reliable low latency communications, and mobile broadband.
The company anticipates that its highly adaptable and scalable design will enable the delivery of 5G services more quickly and affordably. A foldable gadget featuring a hinge mechanism that makes use of moveable flaps to assist in protecting the display from being scratched or damaged when folded was given a patent by Apple Inc. in 2020.
By means of these developments, major companies in Europe are encouraged to harness the benefits of stretchable technology. The continuous technological development in the stretchable electronics industry is expected to create lucrative opportunities for players in the stretchable electronics market.
Market Dynamics
Market Trends and Developments
- Increasing demand for bio integrated devices
- High cost of the technology to impede the Adoption Rate of Stretchable Electronics
- Government or consumer awareness of flexible electronics
- proliferation of printed electronics
- Rising demand for light-weight products and environmentally friendly technology
Drivers
- Increasing growth of internet of things (IoT)
- Acceptance of portable and smart electronics
- Increasing research and development of flexible electronics
Challenges
- Lack of coherent manufacturable technology
- Long-term endurance and safety
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Europe Stretchable Electronics Market.
- Tacterion GmbH
- DuPont de Nemours International Sarl
- Fine-Line Circuits Limited
- WISE S.r.l.
- Bainisha CVBA
- Express Circuits Group
- Interuniversitair Micro-Electronica Centrum VZW
- LEAP Technology ApS
- Enfucell Flexible Electronics Co. Ltd.
- E Ink Holdings
Report Scope:
Europe Stretchable Electronics Market, by Component:
- Electroactive Polymers (EAPs)
- Stretchable Conductors
- Stretchable Batteries
- Stretchable Circuits
- Photovoltaics
Europe Stretchable Electronics Market, by Application:
- Consumer Electronics
- Healthcare
- Textile
- Automotive
- Others
Europe Stretchable Electronics Market, by Country:
- Germany
- Spain
- Russia
- Switzerland
- Denmark
- Sweden
- Italy
- United Kingdom
- France
- Belgium
- Rest of Europe
For more information about this report visit https://www.researchandmarkets.com/r/1yvz1x
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