MarketsandMarkets: Stretchable Electronics with significant progress
The stretchable electronics market is expected to grow strong between 2015 and 2023. However, the designing of PCB assemblies on elastomers remains a real challenge for manufacturers.
Stretchable electronics are being preferred by companies due to their various applications in robotic sensory skins along with wearable communication and bio-integrated devices. In the past few years, extensive research activities have been undertaken to improve the stretchability of circuits on elastomeric substrates. This has led to significant progress; however, the designing of PCB assemblies on elastomers remains a real challenge for manufacturers.
The stretchable electronics market is expected to grow to $911.37 Million in 2023 at a CAGR of 96.6% between 2015 and 2023. Although the growth of the consumer electronics industry and increased utilization of organic solar cells is driving the growth of the said market, the lack of innovative and new devices and superior substitute technologies in the market is restraining the growth of the stretchable electronics market.
Stretchable electronics is a technology which combines electronic devices and circuits with stretchable substrates. These are also deposited on stretchable materials like silicon or polyurethanes, which are also used in a rigid printed board circuit manufacturing process. Stretchable electronics try to mimic the human skin and flesh in terms of its stretchability and mechanical performance.
The technology uses standard printed circuit board manufacturing steps and liquid injection moulding techniques to achieve a robust and reliable product. Stretchable electronics is the advanced form of electronics that has just started penetrating into the consumer products market in the form of wearable devices and smartphones along with, medical and health-monitoring applications. Additionally, it is also being deployed in defense and industrial applications.
The major players in the global stretchable electronics market include Koninklijke Philips N.V (Netherlands), Adidas AG (Germany), 3M (U.S), DuPont (U.S), BodyMedia(U.S), PARC (U.S), Cambrios (U.S), PowerFilm (U.S), Physical Optics Communication (U.S), and MC10 (U.S).