Stretchable Conductive Material Market

[107 Pages Report] The stretchable conductive material market was valued at USD 0.1 million in 2015 and is expected to reach USD 6.5 million by 2022, at a CAGR of 79.10% during the forecast period. The base year considered for this study is 2015, and the forecast period considered is between 2016 and 2022. The stretchable conductor material market is expected to witness high growth owing to the strong R&D in the field. Research is being undertaken for creating fatigue-free, stretchable, and ultra-flexible conductors for the use in various applications. The usage of materials such as graphene, silver, copper, and carbon nanotube, among others have been on rise. The companies and universities have been investing huge amounts into R&D for stretchable materials.

Market Dynamics
Drivers

• Increasing use of stretchable conductors in consumer electronics
• Advancements in design strategies, assembly techniques, and materials
• Higher operational speed through miniaturization of electronic products

Restraints

• Lower lifespan of stretchable circuits
• Time-consuming and laborious manufacturing process

Opportunities

• Huge scope for growth in wearable electronics
• Growing opportunities for stretchable materials in the medical applications
• Integration of new functionalities into multiple products

Challenge

• Compatibility along with good electrical performance

Growing demand of stretchable conductors in consumer electronics is the major driver for the stretchable conductive material market

The consumer electronics industry is one of the major application areas for the stretchable conductor material market. The key products which are expected to use stretchable conductor materials are wearable devices. The researchers and technologists are also working on other products such as TV and laptops, which are expected to be launched in the next 5-10 years.

The electronics and semiconductor industry offers the highest potential for the growth of the stretchable conductor material market. The applications in devices such as display and touch and consumer electronics would generate a huge demand for stretchable circuit-based electronic components and devices. The consumer goods industry is witnessing rapid technological developments such as smart textile wears and flexible products to be used for various applications.

The developments in terms of design strategies, materials, and assembly techniques have contributed to the field of electronics because of the flexible shapes and sizes of electronic products, making the entire system user friendly and handy. The earlier traditional methods restricted the integration of electric components into a rigid board, but these rigid boards can now be replaced by stretchable boards. To overcome the complexities in traditional system designing, engineers and scientists are developing a set of capabilities for high-performance stretchable and flexible electronics.

To know about the assumptions considered for the study, download the pdf brochure

The objectives of the study are as follows:

• To define, describe, and forecast the stretchable conductive material market on the basis of conductor material, application, and geography
• To forecast the market size for various segments with regard to four main regions:  North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the opportunities in the market for stakeholders by identifying high-growth segments in the stretchable conductive material market
• To strategically profile the key players, comprehensively analyze their core competencies, and describe the competitive landscape of the market
• To analyze competitive developments such as joint ventures, mergers and acquisitions, new product developments, and research and development in the stretchable conductive material market

The research methodology includes the use of primary and secondary data. Both top-down and bottom-up approaches have been used to estimate and validate the size of the market as well as that of the other dependent submarkets in the overall stretchable conductive material market. The key players in the market have been identified through secondary research. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. The secondary sources namely include MIT Technology Review, University of Michigan, Materials Today, and Science Daily.

The research methodology includes the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All the percentage shares and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. The breakdown of the profiles of primaries has been depicted in the figure below:

BREAKDOWN OF PRIMARY PARTICIPANTS

Major Market Developments

• In September 2016, Vorbeck Materials introduced graphene-enhanced engineered elastomer products developed using its proprietary Vor-x® technology. It features high mechanical strength as well as fatigue and temperature resistance for applications in aerospace, petrochemical, and apparel industries.
• In April 2016, National Institute of Advanced Industrial Science and Technology has developed a stretchable wiring from oriented short conductive fibers and then applied to a stretchable pressure sensor.
• In August 2015, Toyobo developed a wearable conductive film using conductive material that can be used for clothes to measure the biological information. The material can be stretched to twice its length.

Target Audience

• Raw material and manufacturing equipment suppliers
• Original equipment manufacturers (OEMs)
• Product manufacturers
• Original design manufacturers (ODMs) and OEM technology solution providers
• Research organizations
• Technology standard organizations, forums, alliances, and associations
• Technology investors
• Governments, financial institutions, and investment communities
• Analysts and strategic business planners
• End users

“The study answers several questions for the target audiences, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Report Scope
In this report, the stretchable conductive material market has been segmented as follows:

Stretchable conductive material Market, by Conductor Material

• Graphene
• Carbon Nanotube
• Silver
• Copper
• Others

Stretchable conductive material Market, by Application

• Wearables
• Biomedical
• Photovoltaics
• Cosmetic
• Others

Stretchable conductive material Market, by Geography

• North America
• Europe
• Asia-Pacific (APAC)
• Rest of the World (RoW)

Company Profiles: Detailed analysis of the major companies present in the stretchable conductive material market

• Critical questions which the report answers
• Which are the major application areas for the stretchable conductive materials?
• Which are the major countries to witness a substantial growth in the adoption of stretchable conductive materials?
• How would the wearables increase the demand for stretchable conductive materials? What would be the major use-cases?
• What would be the major applications for graphene usage?

Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five)

The stretchable conductive material market was valued at USD 0.1 million in 2015 and is expected to reach USD 6.5 million by 2022, growing at a CAGR of 79.10% during the forecast period. The increasing use of stretchable conductors in consumer electronics and advancements in design strategies, assembly techniques, and materials and the higher operational speed through the miniaturization of electronic products are the major drivers for the stretchable conductive material market.

This report covers the stretchable conductive material market on the basis of conductor material, application, and geography. The wearables and biomedical applications are expected to hold the largest share of the overall market during the forecast period. The rising adoption of stretchable electronics is driving the growth of this market. The market for the wearables application is expected to grow at the highest rate between 2016 and 2022.

The stretchable conductive material market is expected to witness high growth owing to the strong R&D in this field. Research is being undertaken for creating fatigue-free, stretchable, and ultra-flexible conductors for use in various applications. Materials such as graphene, silver, copper, and carbon nanotube are increasingly coming into usage. Graphene and carbon nanotube would lead the stretchable conductive material market by 2022 owing to the high demand for these materials.

North America is expected to lead the stretchable conductive material market in terms of market size, and APAC is likely to grow at the highest rate in the market. The market in APAC is expected to grow at a high rate between 2016 and 2022. The increasing number of players and the high growth in wearables and biomedical applications are the major factors driving the growth of this market in APAC.

Stretchable Conductive Material Market, by region, 2022 (USD Million)

Wearables
Wearable devices are increasingly used to deliver and access information about the surroundings using powerful sensor technologies. These wearable devices would be able to perform computing tasks similar to laptops, computers, and mobile phones. Wearable devices such as wrist bands and arm bands, among others would be used on a large scale in the near future with the use of stretchable conductor materials.

Wearable products in the stretchable electronics are expected to gain traction in the market with the advancements of stretchable electronics in the research institutes and adoption by key market players in the industry. The devices that can adapt to the shape of the human body would allow seamless integration of various computational, energy storage, and diagnostic devices over the skin.

Biomedical
The research and development in stretchable materials has enabled the development of many biomedical implants and devices which can be stretched and adjusted according to the need of the human body. The ability of stretchable conductive materials to conform to the body shape would be a major driver for the growth of biomedical devices in the stretchable conductive material market.

Photovoltaics
The increased energy costs coupled with climate change are driving the increase in dependence on renewable energy sources such as solar photovoltaic (PV) technologies. The continuous advancements being made in the field of PV, along with significant reductions in cost are driving the further adoption of such technologies.

Photovoltaics are used in consumer electronics, buildings in the form of building integrated photovoltaic (BIVP), satellites, and space stations where power is a prerequisite. The development of the photovoltaic devices needs flexibility and stretchability along with the ability of conformal contacting on to conformal surfaces. The use of active layers and transparent electrodes on top of the buckled polydimethylsiloxane (PDMS) films has been researched to enable the fabrication of stretchable photovoltaic solar cells.

Critical Questions:

• Will APAC lead the overall development of stretchable conductive materials?
• Which are the major companies to bring in major reforms in stretchable conductive materials market?
• What are the major substitutes for stretchable conductive materials?

The lower lifespan of stretchable circuits and time-consuming and laborious manufacturing process are the factors restraining the growth of the stretchable conductive material market. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the stretchable conductive material market. In addition, it analyzes the current market scenario and forecasts the market size till 2022.

Some of the major companies operating in the stretchable conductive material market are DuPont & Co. (U.S.), 3M Company (U.S.), Applied Nanotech Inc. (U.S.), Advanced Nano Products Co., Ltd. (South Korea), Indium Corporation (U.S.), Toyobo Co., Ltd. (Japan), Lotte Advanced Materials Co., Ltd. (South Korea), Textronics, Inc. (U.S.), National Institute of Advanced Industrial Science and Technology (Japan), and Vorbeck Materials Corp. (U.S.).

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