Global Stretchable Electronics Market is Expected to Reach $911.37 Million by 2023

Date: 2015-09-09

“The stretchable electronics market is still in its nascent stage as very few products have been commercialized such as CHECKLIGHT by Reebok, while many products are expected to get commercialized by 2018 and 2019. This technology is capable of converting rigid electric components and devices into a stretchable and wearable form. The global stretchable electronics market is expected to reach $911.37 million by 2023, at a CAGR of 96.6% between 2015 and 2023. In terms of geography, North America accounted for the major market share of ~40% in 2014 as most of the research & development activities are going on in the U.S., followed by Europe. The key driving factor behind the growth of the said market is the presence of the major players in the region and the growing usage of stretchable electronics in various applications. 

The major players that are active in the global stretchable electronics market are 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).

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