Lucintel’s latest market report analyzed that electro active polymer in stretchable and conformal electronic provides attractive opportunities in the healthcare, consumer electronic, automotive, aerospace and defense, and textile industries. The electro active polymer in stretchable and conformal electronic market is expected to reach $10.5 billion by 2028 with a CAGR of 61.6%. In this market, automotive is the largest segment by end use industry.
Based on end use industry, the electro active polymer in stretchable and conformal electronic market is segmented into healthcare, consumer electronics, automotive, aerospace and defense, textile, and others. The automotive segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing need for electroactive polymers in electric vehicles to make them lighter without reducing performance.
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The Electro Active Polymer in Stretchable and Conformal Electronic Market is marked by the presence of several big and small players. Some of the prominent players offering electro active polymer in stretchable and conformal electronic include Bayer AG, 3M, Parker-Hannifin, RTP, and Piezotech.
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