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Stretchable Electronics Market Trends

Report ID: GMI9380
Published Date: May 2024
Report Format: PDF

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Stretchable Electronics Market Trends

The development of novel materials for stretchable electronics involves creating flexible substrates and conductive elements, enabling electronics to bend and stretch without damage. Integration of advanced sensors enhances functionality by enabling precise data collection in various applications. Miniaturization of components reduces size and weight, enhancing flexibility and performance, and enabling seamless integration into wearable devices and other compact electronics.

The competitive landscape of the stretchable electronics industry is evolving with the entry of new players and strategic partnerships fostering innovation. Pricing trends fluctuate due to material costs and supply-demand dynamics, impacting market competitiveness. Market consolidation is evident through mergers and acquisitions, driving industry leaders to strengthen their positions and expand market reach through strategic alliances and integration of complementary technologies.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for stretchable electronics was over USD 400 million in 2023 and is expected to register over 10% CAGR from 2024-2032 owing to the advancements in flexible display technologies, which work well with stretchable materials and flexible substrates worldwide.

Stretchable electronics industry from the automotive electronics segment is expected to register over 12% CAGR from 2024-2032 due to enabling effortless integration onto curved surfaces and unconventional shapes within vehicle interiors, enhancing both visual appeal and functionality.

North America industry held over 35% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rising research and development initiatives, coupled with significant investments in wearable technology and healthcare in the region.

3M Co., Adidas AG, Cambrios Technologies Corp., Dupont & Co., Koninklijke Philips N.V., MC10, Inc., and Powerfilm, Inc., are some of the major stretchable electronics companies worldwide.