Global Stretchable Electronics Market: Key Market Dynamics
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Global Stretchable Electronics Market: Regional Overview
The stretchable electronics market in the Asia-pacific region is estimated to observe rapid growth as the semiconductor industry is expanding in the region. According to Semiconductor Industry Association (SIA) report, Asia-pacific is the largest regional semiconductor market. In 2018, the semiconductor market of the region was USD 282 Billion as per SIA report. China is the dominating market country-wise in the region; by 2018, it covers 56% of regional semiconductor market and 34% of global market.
Due to accelerated expansion of electronics industry in Europe, the sales for stretchable electronics is likely to grow. In 2016, Europe had a market share of 14.6% in electronics and electrical engineering domain. Owing to the wide application of semiconductors in various applications, the sale of semiconductors in Germany, France, and the UK is growing constantly. In automotive industry of this region, approximately 85% of innovations in cars takes place in the domain of microelectronics and software.
Global Stretchable Electronics Market: Key Players Overview
Xerox Corporation is a US-based company engaged in the print technology and work solutions business segment. Xerox through its wholly owned independent subsidiary, PARC, works in research field. PARC is a scientific research and open innovation company that works on certain series of focus areas. The series of focus areas comprises of Artificial Intelligence (AI) and Human-Machine Collaboration, Digital Workplace, Microsystems and Smart Devices, and Novel Printing, among others. In 2017, PARC in association with FlexTech developed a hybrid, bendable, ultra-thin audio speaker, which can be used in packaging, wearables prosthetics, and smart cities and homes.
Apple Inc. is a US-based multinational technological company that deals in designing, and selling of consumer electronics, computer software, and other online services. The products and services provided by company covers consumer electronics products, a portfolio of consumer and professional software applications, and numerous other accessory, service and support offerings. In 2018, company received its patent from the US Patent and Trademark Office, which covers technology of stretchable display for iDevices and smart garments.
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