7Newswire
02 Nov 2021, 07:21 GMT+10
Structural Electronics Market Size - USD 40.24 Billion in 2020, Market Growth - CAGR of 8.03%, Market Trends - Growing demand of circuit and miniaturized sensors
The Global structural electronics market size is forecasted to grow from USD 40.24 Billion in 2020 to USD 74.57 Billion by 2028, at CAGR of 8.03% during the forecast period. Increase in Internet of Things (IoT) and Improvements in 3D technology are the factors that drive the growth of the market in structural electronics. The demand for lightweight, cost - effective and compact products is also increasing.
Progress in materials science (for the development of stretchable conductive materials), diversity of applications and government funding are expected to play a critical role in fueling structural electronics improvements.
Furthermore, it is projected that lack of technological awareness will hamper the growth of the studied market during the forecast period.
The significant players in the Structural Electronics market are TactoTek Oy (Finland), Boeing Company (US), Canatu Oy (Finland), Neotech AMT (Germany), Molex LLC (US), Faradair Aerospace (UK), Toyobo Co. Ltd. (Japan), Panasonic Corporation (Japan), T-Ink (US) and Local Motors (US)
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Further key findings from the report suggest
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Reports and Data have segmented the Structural Electronics market on the basis of type, application and region:
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/structural-electronics-market
Integrant (Revenue, USD Million; 2020-2028)
Application Type (Revenue, USD Million; 2020-2028)
Regional Outlook (Revenue, USD Million; 2020-2028)
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