Opportunities for the global stretchable and conformal electronics market to reach $478.9 million by 2025

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.
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.
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.
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.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the stretchable and conformal electronics market by application component, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Stretchable and Conformal Electronics Market 2017-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. 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
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. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel
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Ph: +1-972-636-5056 Fax: +1-877-883-5140
marketing@lucintel.com

This release was published on openPR.