North America Stretchable Electronics Market to Witness 83% CAGR until 2023
Growing popularity of stretchable electronics for
monitoring physical conditions, development of stretchable organic photovoltaic
cells and rising demand for consumer electronics to drive North America
stretchable electronics market through 2023
According to
TechSci Research report, “North
America Stretchable Electronics Market By Component, By Application, By Country,
Competition Forecast & Opportunities, 2017 – 2023’’, North America stretchable electronics market is forecast
to grow at an astounding 83% CAGR during 2018 - 2023. Rising investments in
R&D of stretchable electronics by leading educational institutes, such as
Stanford University and University of Illinois for developing stretchable
electronics, such as stretchable sensors and organic solar cells is expected to
fuel the region’s stretchable
electronics market during the forecast period. MC10 Inc., StretchSense Limited., E. I. du Pont de
Nemours and Company,
FINELINE Ltd., and imec
USA are the major players
operating in North America stretchable electronics market.
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Increasing number of spin-offs of leading educational
institutes, such as MC10 and growing consumer electronics market is expected to
drive the region’s stretchable electronics market over the course of next five
years. By component, photovoltaics segment is anticipated to witness the
fastest growth rate in the stretchable electronics market, owing to increasing
R&D of stretchable photovoltaics for consumer electronics and smart apparel.
Rising need for performing accurate & efficient health monitoring and improving
user comfort level of medical devices, such as pacemakers and wearable sensors is
leading to growing adoption of stretchable electronics in healthcare
applications. United States accounts for the largest revenue share,
owing to the high adoption of consumer electronics and presence of leading
institutes carrying out R&D on stretchable electronics.
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“Stretchable electronics products such as stretchable
sensors and electronic skin are expected to boost the performance of smart
athletic gears, which in turn is anticipated to increase the popularity of stretchable
electronics in North America. In addition, growing advancements in the manufacturing process of
electronic products, coupled with growing advancements in electroactive
polymers are expected to boost the manufacturing of stretchable electronic
products in North America in the coming years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“North America Stretchable Electronics Market
By Component, By Application, By Country, 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 serve in offering 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 North America stretchable
electronics market.
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