Stretchable Devices Market 2023
The stretchable devices market is estimated to reach US$ 1.5 Bn in 2021, and is expected to grow by more than 30% CAGR during the forecast period 2021-2031. Stretchable devices are basically known as elastic circuits. They are a burgeoning technology, which can be used for developing electronic circuits.
The electronic circuits are developed by embedding the stretchable devices and circuits on protractible substances in a stretchable chemical compound material, known as silicone or polyurethane. The stretchable devices demand has witnessed several trends like innovation of mechanical design, material synthesis, and fabrication strategies.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – LG Display Co. Ltd., Samsung Electronics, Innolux Corp., AU Optronics, Japan Display Inc., BOE Technology Group Co. Ltd., Sharp Corp., Visionox Corporation, E Ink Holdings Inc., Corning Incorporated, FlexEnable Limited, Kateeva, Cambrios Technologies Corp., Royole Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Stretchable Devices.
What is Driving Demand for Stretchable Devices?
There has been tremendous technological advancements in the past few years in the flexible devices sector. The devices are getting changed day by day from bulky to slim. This is one of the factor contributing to the growth of stretchable devices globally.
High resolution, low power consumption and improved contrast ratio are major features offered by stretchable devices. Traditional display devices based on CRT technology had never provided these features in the past. This need is further propelling stretchable devices sales.
Due to high competition, new products are developed and launched with attractive looks and high-end specifications. Big players in this segment like Samsung and LG have led the display market toward a new era. They are launching products based on technologies such as Q-dot LED and OLED.
An excellent contrast rate and better viewing angle are the features of OLEDs, which are brighter than LCDs. High specifications and attractive looks of display products such as mobile phones, TVs, notebooks and desktop monitors are grabbing the attention of consumers. Thus, the market of stretchable devices is anticipated to grow significantly, during the forecast period.
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Key Segments
By Technology
- Stretchable Circuits
- Stretchable Batteries
- Stretchable Displays
- Others
By Substrate Material
- Glass
- Plastic
- Others
By Application
- Smartphone & Tablet
- Smartwatches & Wearables
- Television & Digital Signage Systems
- PC Monitors & Laptops
- E-reader
- Electronic Shelf Labels (ESLS)
- Vehicles & Public Transports
- Others
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Stretchable Devices Market Manufacturers
Stretchable Devices Market Distributors/Traders/Wholesalers
Stretchable Devices Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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