Global Stretchable Electronics Market is expected to reach USD 2,981.2 Million by 2026 at a CAGR of 25.29% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. The increasing adoption of portable electronics and wearable devices by individuals has created a huge demand for the miniaturization of electronic components. Device miniaturization is done considering all the input/output ports and various other components in the assembly that are vital to the end-product. Miniaturization has increased the demand for integrated power for application-specific processors and subsystems.
The key players of the global stretchable electronics market are PARC (U.S), Cambrios (U.S), PowerFilm (U.S), Koninklijke Philips N.V (Netherlands), Apple Inc, (U.S.), Adidas AG (Germany), 3M Company (U.S), Palo Alto Research Center Incorporated (US), DuPont (U.S), BodyMedia (U.S), Physical Optics Corporation (U.S) IDUN Technologies Ltd (Switzerland), and MC10 (U.S) among others.
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The Stretchable Electronics report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
The global stretchable electronics market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. North America accounted for the largest market share of 38.0% in 2019, with a market value of USD 241.7 million; the market is expected to register the highest CAGR of 27.47% during the forecast period. Europe was the second-largest market in 2018, valued at USD 177.5 million; the market is projected to exhibit a significant CAGR. North America dominates the Stretchable Electronics Market based on the region due to increasing demand for wearable devices in the healthcare sector. Stretchable electronics are being preferred by companies and research organizations in North America due to their various applications in robotic sensory skins, wearable communication devices, and bio-integrated devices. Europe is expected to witness substantial growth over the next few years, Several of the European Union’s Future and Emerging Technology (FET) Flagship projects are focused on developing stretchable or flexible electronics, which have applications in fast, flexible and strong consumer electronics such as electronic paper and bendable personal communications devices.