Market Forecast: Stretchable electronics to grow at 106.18% during 2016-2021

The stretchable electronics market is expected to grow at a compound annual growth rate of 106.18 per cent during the forecast period to reach the market size from US$4.7 billion in 2015 to US$360 billion by 2021.

Stretchable electronics are the combination of electronic devices and the circuit that is stretchable in nature while retaining their functionality intact.

Growth in the consumer electronics market, increased utilization of organic solar cells, extensive research to increase stretch ability of material and miniaturization of electronic products for better operational speed are some of the key factors driving the growth of the market.

Advantages such as light weight, high-performance, and low manufacturing cost also contribute to market growth. Wearable communication devices, bio-integrated circuits, and robotic sensory skin are some of the applications of these electronics.

The stretchable electronics market has been segmented on the basis of the type of component and end user industry. Under component: circuit, polymer, battery and others have been covered. Whereas under application, the market is segmented into: consumer electronics, healthcare, aerospace and defense, communication and technology, and automotive, among others. A detailed comprehensive forecast with analysis has also been covered as part of this section.