Overview
The 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.
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Competitive Analysis
The key players of the global stretchable electronics market applications 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.
In March 2020, Physical Optics Corporation and Ansys Streamline Avionics Development for U.S. Military Aircraft has done collaboration to develop avionics for U.S. military aircraft. Ansys SCADE Solutions for ARINC 661 Applications. This will enable POC to reduce development time and accelerate certification and integrating new functionality at a much lower cost and enabling a faster path to market.
In September 2019, Cambrios formed a strategic partnership with Winsky, a part of the CN Innovations conglomerate that is focused on touch display development and applications and owns core technologies that make it the industry leader. This partnership is to develop optimal solutions for electronic materials applications in new technology markets.
In September 2019, Cambrios partnered with Royole, a leader in flexible phones, creator of the world’s first mass-produced fully flexible display and foldable phone. Companies are aligned to fulfill the desire to perfect the technology and product experience for customers.
In October 2017, MC10 Inc. and University of Rochester collaborated and for the purpose of the study, researchers from the University of Rochester used BioStampRC system technology to assess motor systems in two nerve-related disorders Parkinson disease and Huntington disease.
Segmental Analysis
The global stretchable electronics market has been segmented based on component, Applications, and region. Based on component, the global market has been segmented into Electroactive Polymer, Stretchable Batteries, Stretchable Conductor, Photovoltaics, and Stretchable Circuit. By applications, the market has been segmented into Consumer Electronics, Automotive, Aerospace Defense, Healthcare, and others.
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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