Description
Global Stretchable Electronics Market Research Report—Forecast till 2026
Market Snapshot
According to analysis, the Global Stretchable Electronics Market is evaluated to exhibit a healthy CAGR of 25.29% to surpass USD 2,981.2 Million by the forecast period of 2020 to 2026. The stretchable electronics is designed by the material synthesis process, mechanical design, and fabrication strategies that employ soft substrates. The constant advancements in stretchable electronics have led to the outstanding precision in functionality, and the fabrication of transparent stretchable electronic devices has acquired a lot of interest because of the potential of wearable electronic systems.
The global stretchable electronics market is evaluated to register a substantial market growth during the review period owing to the largest market value of USD 635.6 Million in 2020. The stretchable electronics market registered significant market growth in the past few years. Additionally, the innovation of material synthesis, mechanical design, and fabrication strategies that employ soft substrates for the stretchable electronics are expected to drive the growth of the global market because of the innovation of material synthesis, mechanical design, and fabrication strategies that employ soft substrates.
Market Segmentation
The Global Stretchable Electronics Market has been categorized based on Component and Application types. The Component segment is further segmented into Electroactive Polymer, Stretchable Batteries, Stretchable Conductor, Photovoltaics, and Stretchable Circuit. The electroactive polymer segment contributes the largest market share with a market value of USD 212.1 million, in 2019. The segment is projected to register a CAGR of 26.64% during the review period. Besides the electroactive polymer segment is gaining notable popularity because of its easy manufacturing, and affordable services, and lightweight devices.
In terms of Application, the global Stretchable Electronics market has been divided into Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, and Others.
Regional Analysis
The region-specific analysis of the Global Stretchable Electronics Market has been categorized into North America, Europe, Asia-Pacific, the rest of the world.
North America is likely to drive the global market owing to the largest market share of 38.0% in 2019, with a market value of USD 241.7 million. As per the MRFR statistics, the region is anticipated to register the highest market growth owing to the presence of major market players in the region. Further, the continuous innovations and development in the electronic industry are driving the regional market.
Europe is anticipated to register the second largest market of the global stretchable market owing to the highest market value of USD 177.5 million in 2019. The region is forecasted to record a substantial CAGR of 24.30% during the study period.
Major Players
The Prime 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.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
