IRVING, Texas, July 25, 2017 (GLOBE NEWSWIRE) -- 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 industries. The global stretchable and conformal electronics market is expected to reach an estimated $478.9 million by 2025 and is forecast to grow at a CAGR of 89% from 2017 to 2025. The major growth drivers for this market are increasing usage of stretchable and conformal electronics products in the healthcare, consumer electronics, and textiles markets.
Browse 24 Market Data Tables and 43 Figures spread through 98 Pages and in-depth TOC on "Stretchable and Conformal Electronics Market - Global Forecast to 2022" http://www.lucintel.com/stretchable-and-conformal-electronics-market.aspx
In this market, stretchable circuits, stretchable conductors, electroactive polymers, stretchable batteries, and stretchable photovoltaics are used to manufacturer stretchable electronic devices. Lucintel forecasts that the stretchable conductor 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 markets.
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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 across the globe. Improved performance, miniaturization, enhanced functionality, advanced 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 for wearable technologies and increasing research and development by various institutions.
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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.
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The study includes a forecast for the global stretchable and conformal electronics market by application, component, and region as follows:
By End Use Industry [$M shipment analysis for 2016 – 2025]:
- Healthcare
- Consumer Electronics
- Automotive
- Aerospace and Defense
- Textiles
- Others
By component [$M shipment analysis for 2016 – 2025]:
- Stretchable Circuits
- Stretchable Conductors
- Electroactive Polymers
- Stretchable Batteries
- Photovoltaics
- Others
By Region [$M shipment analysis for 2016 – 2025]:
- North America
- Europe
- Asia Pacific
- Rest of the World
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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 http://www.lucintel.com/toc/stretchable-and-conformal-electronics-market.aspx or helpdesk@lucintel.com.
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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 application (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?