Market Size of Structural Electronics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 15.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Structural Electronics Market Analysis
The structural electronics market is expected to register a CAGR of 15.3% during the forecast period (2021 - 2026). Improvements in 3D technology and the rise of IoT are the factors fueling the growth of structural electronics market. Additionally, 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.
- Structural electronics are replacing the old components-in-a-box approach with smart materials, such as smart skin, load-bearing parts, and e-textiles. The key capability of structural electronics is to reduce the weight of the product and is expected to disrupt the automotive and aerospace sectors.
- Advancements in material science to develop stretchable conductive materials, application diversity, and government funding are expected to play important roles in driving the advancements in the structural electronics industry.
- For instance, one of the largest Japanese car companies experimented with a 3D printing of ultra-lightweight vehicle seats based on bird-bone structure. The car is expected to become the first 3D-PE (3D Printed Electronics) with electrics and electronics built into the seat.
- However, the lack of technological awareness might hamper the growth of the market during the forecast period.
