(2019 – 2024) “Structural Electronics Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Structural Electronics Analysis. The Structural Electronics market is expected to register a CAGR of approximately 14.7% during the forecast period of (2019 – 2024).
Structural Electronics Market Report Covers Leading Manufacturers: Tactotek Oy., Pbc Tech Co., Boeing Co., Canatu Oy, Inc., Neotech Amt Gmbh., Molex, Llc., T-Ink, Inc., Faradair Aerospace Uk., Toyobo Co., Ltd. and Panasonic Corporation
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The structural electronics market is expected to register a CAGR of over 14.7%, during the forecast period of 2018-2023. The report profiles the providers of structural electronics, for various industries.
Structural electronics is considered to be one of the most important emerging technologies. Improvements in 3D technology and rise of IoT are the factors fueling the growth of structural electronics market. In addition, there is an increase in the demand for lightweight, cost-effective, and compact products. Structural electronics offer these advantages, thereby augmenting their usage in a wide range of applications. The advancements in material science (for the development of stretchable conductive materials), application diversity, and government funding are expected to play a critical role in fueling the improvements in structural electronics. In addition, lack of technological awareness is projected to hamper the growth of the market studied, during the forecast period.
The Automotive Sector Expected to Record Significant Growth
Structural electronics include electronic components and circuits that act as load-bearing, protective structures, by replacing the dumb structures (such as automobile bodies) or conformally placed upon them. The critical capability of structural electronics to reduce the weight of a product is projected to disrupt the automotive sector. Structural electronics is expected to be next big thing in smart cars, as the elements of structural electronics would be integrated within the vehicle’s body and undercarriage, thereby resembling the human nervous system and enabling cars to instantly recognize touch and damage. In addition, in the future, hybrid/electric cars are expected to use structural electronics, with printed OLED (organic light emitting diode) incorporated inside and outside the car roof. The market studied is expected to witness a significant demand for structural electronics, over the forecast period, in line with the booming automotive sector.
North America Expected to Account for the Largest Share in Structural Electronics Market
North America’s robust financial position enables it to invest heavily in advanced solutions and technologies. The higher penetration of structural electronics in the region can be attributed to the high adoption of such products in conductors, photovoltaic products, and sensors, which are used in high-end cars and space vehicles. Moreover, electric vehicles are primary consumers of structural electronics, which is expected to propel the growth of the market studied, as North Americans are increasingly adopting electric cars. Besides, the increasing usage of IOT and 3D technology across various industries is projected to fuel the demand for structural electronics, over the forecast period.
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Reasons to Purchase Structural Electronics Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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