Stretchable Electronics Market - Introduction

Stretchable electronics are commonly referred to as elastic electronics or elastic circuits. Stretchable Electronics refer to the technology which involves designing electronic circuits by means of deposition of stretchable electronic devices on the stretchable substrates. They can also be embedded completely in stretchable materials such as silicones or polyurethanes. Stretchable electronics can involve the same electronic devices that are used for rigid printed circuit boards. Only thing that needs to be changed is the substrate and interconnects which need to be stretchable in nature.

Usually, polymers are preferred material used for substrates or material which need to be embedded. Stretchable electronics can be seen to attempt bio mimicry of human skin or flesh in the aspect of being stretchable while retaining its full functionality. Specifications for stretchable electronics pertaining to their standards are being developed by Association Connecting Electronics Industries and by the users of flexible circuits. New materials and advanced in the micro fabrication methods are leading to the developments in the stretchable electronics.

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Stretchable Electronics Market – Competitive Landscape

  • Key players as well as various academic institutions are increasingly making concentrated efforts for the development of this technology and to make them suitable for newer applications. Furthermore, different strategies are being developed for stretchable polymer semiconductors for OFET. These approaches have made it possible to decrease polymer rigidity and crystallinity resulting in softer and more ductile films.

Fraunhofer IZM

Fraunhofer IZM, founded in 1993 is a prominent German research organization and has two branches located in Berlin and Dresden. The company is specialized in industry oriented applied research and covers the entire spectrum of technologies and services necessary for developing reliable electronics and integrating new technology into applications. The company has various business units ranging from semiconductors, automotive, medical engineering, to industrial electronics and information communication and technology.

Koninklijke Philips N.V

The company is headquartered in Amsterdam, Netherlands and is a prominent conglomerate which is known as a prominent health technology company across the globe. The company was incorporated in 2000 and is the parent company of Philips Group. The company’s business segments consists of Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting businesses.

DuPont

The company was established in 2017 in Delware, the U.S., with the merger of Dow Chemical and DuPont. The company is engaged in helping its customers advance their best ideas and delivering specialized products and solutions to transform industries and everyday life. The specialties of the company includes Specialized materials and ingredients, Science and engineering, Applications development, and among others.

Physical Optics Corporation

Headquartered in California, the company was developed through   the Small Business Innovation Research (SBIR) Program, along with the company’s own contributions.  The technologies provided by the company are positioned to respond to changing market needs faster; while providing better solutions; and with a higher value payoff to its customers. The company has a broad product portfolio which includes optics, electro-optics, chem-bio-medical, standoff detection and among others.

Some of the significant players in the Stretchable Electronics market PARC, Cambrios, PowerFilm, BodyMedia, Adidas AG, 3M, Micromuscle, G24 Innovations, and among others.

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Stretchable Electronics Market - Dynamics

Increasing demand for bio integrated devices to fuel the market growth

Growth of the Stretchable Electronics market can be attributed to the rising demand for bio integrated devices especially from the developed economies. The advancements in the field of soft robotics is also likely to assist the market growth as stretchable electronics can serve as building blocks for soft robotics. Furthermore, the growing adoption of the stretchable electronics technology in the wearable devices as well as smartphones is expected to aid the market growth. As a result, the Stretchable Electronics market is likely to grow at an impressive pace in the upcoming years.

High cost of the technology to impede the Adoption Rate of Stretchable Electronics

Due to the myriad of benefits the Stretchable Electronics, they are increasingly being adopted across various end use industries, predominantly in the medical field. However, Stretchable Electronics have several disadvantages, one among them being the high cost associated with them. The development of stretchable electronics includes high cost of research coupled with the high cost of developing the end-product. Further, high level of technical expertise is required for the development of advanced Stretchable Electronics. These factors might hinder the market growth of Stretchable Electronics Market.

Global Stretchable Electronics Market – Segmentation

The Stretchable Electronics market can be segmented based on:

  • Component
  • End use industry
  • Geography

Stretchable Electronics Market Segmentation – By Component

Based on the type, the Stretchable Electronics can be fragmented into:

  • Battery
  • Polymers
  • Conductor
  • Integrated Circuit
  • Others

Stretchable Electronics Market Segmentation – By End use industry

Depending on the end user industry, the Stretchable Electronics market can be segmented into:

  • Consumer electronics
  • Automotive
  • Medical
  • Sports
  • Textile
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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