Europe Stretchable Electronics Market to Register a high CAGR until 2028
Growing demand for miniaturization of
electronic products and increasing technological advancements are expected to increase the
demand for stretchable electronics market during the forecast period of 2024-2028.
According to TechSci Research report, “Europe Stretchable Electronics Market –By
Region, Competition, Forecast and Opportunities, 2018–2028, the Europe Stretchable
Electronics Market is expected to register a robust growth during the forecast
period, 2024-2028”. As sales of Internet of
Things (IoT) devices rise and government concern about stretchable electronics
rises, the stretchable electronics market is expected to expand during the forecast
period. In addition, the market is expected to develop due to the increase in
demand for portable and smart electronics goods. Additionally, the industry is
growing even faster because of the advancement in printed electronics creates
strongly potential for a range of applications. These factors indicate that the
stretchable electronics market would experience substantial growth in the next
years.
Moreover, other major
factors that are expected to boost the growth of the stretchable electronics
market during the forecast period are the developments in the materials and
assembly techniques, miniaturization of electronic products for better
operational speed. Furthermore, the increase in the customers in the
electronics industry and the upsurge in usage of organic solar cells are few of
the factors driving the growth of the stretchable electronics market.
However, the lengthy and
laborious manufacturing process of stretchable electronics, stabilized superior
technologies impeding the growth of stretchable electronics, and a lack of
cutting-edge and novel devices are some of the additional factors that impede
the growth of market.
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"Europe Stretchable Electronics Market "
Europe Stretchable
Electronics Market is segmented on the basis of component, application, and
region.
Due to their key benefits of
being lightweight, simple to manufacture, and inexpensively available, the
electroactive polymers market sector is expected to occupy a sizable market
share. Numerous applications, including actuators, sensors, ESD & EMI
protection, medication delivery systems, robotics, and electrostatic plastics,
use electroactive polymers widely. It is expected that the industrialization
and urbanization of the developing regions of Europe will accelerate further
during the forecast period. In addition, it is expected that rising demand from
industries such as the electronics and automotive sectors will help the market
expand.
On the basis of country
analysis, Germany is dominating the Europe Stretchable Electronics Market
because the dominance of Germany in the market is mainly attributed to the
growing penetration toward smart consumer electronics such as smartphones,
laptops, and TV. Moreover, the rising healthcare expenditure and growing
adoption of R&D outsourcing services in Germany are expected to augment the
demand for stretchable electronics. Furthermore, according to Germany Trade
& Invest (GTAI), Germany’s electronics and electrical companies manufacture
over 100,000 different electronic products and systems, ranging from automation
systems, electronic medical equipment, automotive electronics, and
microelectronic components.
Major
market players operating in the global stretchable electronics market are:
- Tacterion GmbH
- DuPont de Nemours
International Sarl Fine
- Line Circuits Limited
- WISE S.r.l.
- Bainisha CVBA
- Express Circuits Group
- Interuniversitair
Micro-Electronica Centrum VZW
- LEAP Technology ApS
- Enfucell Flexible
Electronics Co. Ltd.
- E Ink Holdings
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“The increasing investments in building
and developing organic stretchable photovoltaic cells, touch sense skin, and
IoT, and the growing need for wearable technologies. Furthermore, the
increasing research and development by several institutions, and the occurrence
of leading competitors of stretchable electronics technology will further boost
the growth of the stretchable electronics market during the forecast period.
Moreover, the increasing demand for portable renewable energy resources, the growing
population and the rising need for effective and accurate monitoring of
physical conditions is further expected to drive the growth of the stretchable
electronics market in the region in the coming years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Stretchable
Electronics Market - Europe Industry Size, Share, Trends, Opportunities, and
Forecast 2018-2028, Segmented By Component (Electroactive Polymers (EAPs),
Stretchable Conductors, Stretchable Batteries, Stretchable Circuits,
Photovoltaics), By Application (Consumer Electronics, Healthcare, Textile,
Automotive, Others), By country, Competition”, has evaluated the future growth
potential of Europe Stretchable Electronics Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global quantum computing market.
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