Europe Stretchable Electronics Market to Grow at 89% CAGR until 2023
Increasing research & development (R&D) activities
in the field of stretchable electronics, development of touch-sensitive
electronic skin and growing popularity of smart clothing to drive Europe
stretchable electronics market through 2023
According to TechSci Research report, “Europe
Stretchable Electronics Market By Component, By Application, By Country,
Competition Forecast & Opportunities, 2017 – 2023’’, Europe stretchable electronics market is forecast to grow
at a CAGR of 89% during 2018-2023. Though stretchable electronics market in the
region is evolving, it is expected to register double digit growth in coming
years, owing to research & development of stretchable electronics under
European Union’s project STELLA. The project is aimed at using stretchable
electronics in healthcare applications. Moreover, increasing number of
companies, such as tacterion and Bainisha would have a positive impact on the
region’s stretchable electronics market.
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Stretchable Electronics Market"
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Some of the major players in the market are tacterion GmbH, Du Pont de Nemours
International SARL, FINELINE Ltd., WISE Srl, Bainisha cvba and LEAP
Technology ApS. Backed by high adoption of
consumer electronics and presence of leading institutes carrying out R&D on
stretchable electronics, Germany holds the largest share in the region’s
stretchable electronics market. Increasing health concerns and growing smart apparel
market is expected to drive Europe stretchable electronics market over the
course of next five years. By component, photovoltaics segment is anticipated to
witness the fastest growth rate, as it could substitute the existing power
source in smart wearable, enabling development of conformal and stretchable
smart wearables. Consumer products are expected to be the leading application
segment during the forecast period, owing to rising adoption of consumer
electronics.
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“Rising investments in wearable stretchable electronic
products such as body sensors and smart clothing, in addition to growing demand
for stretchable and conformal Electronic-Skin for developing soft robotics,
healthcare devices and consumer electronics, are expected to drive Europe
stretchable electronics market. Moreover, increasing number of companies carrying
out R&D in the stretchable electronics domain is expected to fuel the
region’s stretchable electronics market during forecast period.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Stretchable Electronics Market By
Component, By Application, By Region, Competition Forecast & Opportunities,
2017 – 2023” has analyzed
the potential of stretchable electronics market, and provides statistics and
information on market size, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyzes emerging trends along with essential drivers and key challenges
faced by Europe stretchable electronics market.
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