Stretchable Electronics Market Set to Increase Significantly by 2024

Stretchable Electronics Market: Overview

 

Stretchable electronics (elastic circuits or elastic electronics) technology combines electronic equipment and circuits along with stretchable substrates. Electronic circuits are made by circuits and stretchable electronic devices on stretchable materials for instance: polyurethanes or silicones. Stretchable electronics technology is also utilized in the manufacturing of firm printed circuit boards (PCB). Most frequently used stretchable electronics equipment is based on active substances for double-layer super capacitors are based on carbon materials, for instance, single-walled carbon nanotubes, owing to their high surface area and exceptional electrical conductivity. On the other hand, the major drawback of this stretchable electronic based on super-capacitor expertise is the low precise capacitances well as energy density and this can improve by the integration of redox materials. An additional advancement of making the stretchable electronic device is the common use of Origami folding principle.

 

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Stretchable Electronics Market: Growth Factors

 

Growing consumer electronics industry and rising popularity for miniature sized electronic products are the major aspects boosting the development of the stretchable electronics market. In addition, augmented usage of solar cells and rising popularity for bio-integrated circuits, wearable communication tool, and robotic sensory skin are boosting the expansion in the global stretched electronics market. On the other hand, time-consuming and arduous manufacturing procedure of stretchable electronics and deficient of innovative and new equipment are the major factors accountable to hold back the development of the global stretchable electronics market.

 

Stretchable Electronics Market: Segmentation

 

The stretchable electronics market develops a vital technology evaluation for a huge array of up-and-coming stretchable electronic components and materials. These consist of stretchable ink, stretch sensors, yarn, batteries, stretchable transparent conductive films, or wire-based interconnects, stretchable PCBs, , transistors and logic, haptics and actuators, energy harvesters, super capacitors, substrates, encapsulates, and so on. The market is segmented by 15 various stretchable components. On the basis of end-use, the market is segmented into consumer, automotive, healthcare & medical, industrial, sports & fitness, and so on.

 

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Stretchable Electronics Market: Regional Analysis

 

Rising requirement for high-performance equipment and low-priced manufacturing are anticipated to fuel the global stretchable electronics market development considerably. In addition, requirement for delineation coupled with lesser power utilization may drive stretchable electronics demand broadly. Rising high end-user interest along with the requirement for working with incorporated equipment is further anticipated to drive the market development. Asia Pacific is anticipated to account for major market share in the years to come. On the other hand, North America is anticipated to show high expansion due to extensive adoption of new expertise in the region. The European market is further projected to experience massive development opportunities due to expansions in Eastern Europe.

 

Stretchable Electronics Market: Competitive players

 

The key players of the global stretchable electronics market are 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.

 

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