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Stretchable Electronics Market | Structure and Overview of Key Market Forces Propelling Market

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 – 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

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