The stretchable electronics market is anticipated to flourish at a steady CAGR of 6.2% between 2023 and 2033. The market is expected to hold a market share of US$ 53 billion by 2033 while the market is likely to reach a value of US$ 29 billion in 2023.
The long range of wearables including wristwatches, glasses, and other hand patches is likely to become the future of wearable electronics. The advent of flexible circuits with brands pushing the production units to make the technology affordable is gaining traction for market growth.
High electronic research and development projects are making these futuristic devices portable, flexible, and customizable. Moreover, the introduction of flexible circuits, sensors, hardware, and other chips is expected to contribute to the technical aspect of the market. The research has also pushed the vendors to create compatible designs based on wearables.
New products such as workout, and cardio trackers with flexible technology are getting popular among the youth. The millennial and Gen-Z generations like to keep everything checked and accessible. Hence, smartwatches with sensory technology and smartphone controls are in high demand and are selling like hotcakes. Thus, companies are focusing mainly on stretchable electronic technology to develop several products like this.
The integration of smart technologies such as artificial intelligence, machine learning, and fast internet communication has made smart wearables with stretchable electronics usable. The fordable stretchable conductor along with electrodes are helping the stretchable electronics production along with stretchable batteries.
The increased demand from certain applications such as healthcare, energy, fashion, and computing is driving the sales of stretchable electronics across the regions. FMI explains how different industries consume their specific chunk of the market:
End-use Applications Impacting the Market Growth:
The leading end-user application of stretchable electronics is its healthcare vertical as it helps in tracking the health vitals. The high sales of smart badges that keep track of sugar levels, blood pressure, and other vitals are getting popular among end users. Apart from the monitoring, these stretchable electronics are easily washable and are made of woven threads.
The fantastic amalgamation of fashion and computing is another vertical of stretchable electronics. These machines help you access your smart devices through parallel integration while frequently being in the fashion trends. Stretchable electronics are a part of corporate tech and fashion products while garnering market growth during the forecast period.
The new and advanced stretchable electronics are likely to be self-powering. The extended research and development programs show that future wearables are expected to generate electricity through hand movements. This fuels the popularity trends for stretchable electronics.
| Attributes | Details |
|---|---|
| Stretchable Electronics Market CAGR (2023 to 2033) | 6.2% |
| Stretchable Electronics Market Size (2023) | US$ 29 billion |
| Stretchable Electronics Market Size (2033) | US$ 53 billion |
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From 2018 to 2022, the stretchable electronics market thrived at a low CAGR of 7.2 %, reaching a market size of US$ 27.1 billion in 2022. The market thrives at a CAGR of 6.2% between 2023 and 2033. The shrunk growth rate is attributed to the long forecast period and advanced research and development facilities.
The stretchable electronics market’s growth was followed by expanding medical research and healthcare technology between 2018 and 2022. The advanced environment-friendly, low-cost, scalable solution is taking place in the marketplace like the integration of advanced and smart technologies such as artificial intelligence.
The long range of applications includes healthcare, energy, fashion, and computing. Alongside that, wearable devices, smart clothing, and medical sensors are gaining traction in the marketplace. Now, the market with the extended elements and the addition of different types of solutions is helping the market lead at a steady growth rate. The market is expected to cross a value of US$ 59 billion by 2033.
The advent of soft robotics, stretchable electronic circuits, and flexible batteries has given an origin to multiple stretchable electronic devices. Furthermore, the addition of biomedical applications in stretchable devices is spurring the development of new designs and wearables.
The increased fashion and computing trends are expected to add flexible resistors, capacitors, and light-emitting diodes (LEDs). Moreover, solar cell formats with artificial smart technology, smart prosthetics, or robots are expanding the market growth. The vendors take care of affordable, flexible, customizable, innovative, and portable factors as they flourish in the market growth.
Some of the challenges that the market faces are high prices, availability, and lack of innovation.
Principal Consultant
| Country | The United States |
|---|---|
| CAGR % (2023 to 2033) | 5.0% |
| Anticipated Value (2033) | US$ 8.3 billion |
The United States thrives at a CAGR of 5.0% and is expected to hold a value of US$ 8.3 billion by the end of 2033. This notable growth is attributed to:
Previously, the region thrived at a low CAGR of 4.1% between 2018 and 2022.
| Country | The United Kingdom |
|---|---|
| CAGR % (2023 to 2033) | 4.6% |
| Anticipated Value (2033) | US$ 1.5 billion |
The United Kingdom market is expected to flourish at a CAGR of 4.6% between 2023 and 2033 while it is anticipated to reach a value of US$ 1.5 billion by 2033. The growth is garnered through the trending sales of smartwatches and glasses, the companies focusing on making the devices flexible and technologically enabled. The market in the United Kingdom thrived at a low CAGR of 2.74 between 2018 and 2022.
| Country | China |
|---|---|
| CAGR % (2023 to 2033) | 7.6% |
| Anticipated Value (2033) | US$ 13.4 billion |
China fuels at a CAGR of 7.6% between 2023 and 2033 while it reaches the value of US$ 13.4 billion in 2033. This is the leading forecasted value and the market growth is caused by being the technological assemble hub. China’s focus on expanding its manufacturing units and a technological leader is not unseen.
The high impact of covid-19 has turned out in making people health-conscious and fitness enthusiasts. The long range of startups such as Power Paper, TacSense, and SunMan are helping China’s market go to different places with the branding of Chinese technology. Other than these, Japan and South Korea thrive at CAGRs of 6.5% and 6.6% respectively. The market holders also are expected to reach market values of US$ 8.2 billion and US$ 3.2 billion by 2033.
| Category | By Component Type |
|---|---|
| Leading Segment | Flexible Display |
| CAGR (2023 to 2033) | 6.1% |
| Category | By Component Type |
|---|---|
| Leading Segment | Consumer Electronics |
| CAGR (2023 to 2033) | 6.0% |
The market is segmented into component type and application type. These segments have different sub-segments further. FMI analyses these segments and explains which segment is leading and the reasons behind it.
Based on component type, the flexible screen segment leads the market with a CAGR of 6.1% between 2023 and 2033. The growth is attributed to the screen being the leading component used in smartphones and other smart devices. Other than this, the high popularity of flexible phones or wearables is garnering the sales of flexible screens. The segment thrived at a CAGR of 6.9% between 2018 and 2022.
Based on application type, the consumer electronics segment is expected to lead as it strives for a leading CAGR of 6.0% during the forecast period. The growth is attributed to the implementation of stretchable electronics into smartphones, smart wear, and health and fitness trackers. The segment thrived at a CAGR of 6.7% from 2018 to 2022.
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The stretchable electronics sector is fragmented and competitive and includes various players such as Sri International, Avery Dennison Corporation, Cambrios, Canatu Oy, GCell, Georgia Institute of Technology, Holst Centre, IMEC, and MC10. The vendors focus on creating effective technology that caters to a long range of electronics. These companies mainly focus on mergers, collaboration, and other campaigns to enhance the supply chain and deployment capacity.
Market Developments
Key Players Profiled in the Stretchable Electronics Market
The global stretchable electronics market could develop at an impressive 6.2% CAGR until 2033.
The United States is the leading market and could achieve a sales value of US$ 8.3 billion by 2033.
By expanding its manufacturing units China market may record a 7.6% CAGR through 2033.
The Iris recognition access control system segment is projected to grow at 16% through 2033.
Higher sales of smart watches and glasses may drive the market at 4.6% CAGR up till 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Flexible Display
5.3.1.1. OLED
5.3.1.2. E-paper
5.3.1.3. LCD
5.3.2. Flexible Battery
5.3.3. Flexible Sensor
5.3.3.1. Bio Sensors
5.3.3.2. CMOS Hybrid Sensors
5.3.3.3. Photo Detectors
5.3.3.4. Piezo Resistive
5.3.3.5. Others
5.3.4. Flexible Memory
5.3.5. Flexible Photovoltaics
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Consumer Electronics
6.3.2. Automotive
6.3.3. Medical & Healthcare
6.3.4. Energy & Power
6.3.5. Aerospace & Defense
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Component
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Component
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Component
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Component
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Component
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Component
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. U.S.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Component
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Component
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Component
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Component
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Component
13.5.2.2. By Application
13.6. U.K.
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Component
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Component
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Component
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Component
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Component
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Component
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Component
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Component
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Component
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Component
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Component
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Component
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Component
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Component
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Component
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Component
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. AU Optronics Corp.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Blue Spark Technologies
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Cymbet Corporation
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. E Ink Holdings Inc
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Enfucell SoftBattery
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Imprint Energy Inc
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. LG Electronics
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Palo Alto Research Center Incorporated
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Samsung Electronics Co. Ltd.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Solar Frontier
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Stretchable Electronics Market
