In 2025, more than US$25 billion will be spent on intermediate materials and formulations for the wearable technology materials market. The major long term reason for this is the expected use of e-fibers to create e-textiles in the future. In the short term, the market is set to benefit vastly from manufacturers that focus on making their devices more and more innovative. There is a growing need for current wearable technology to be more flexible, more comfortable, and smaller.
Albany, NY -- (SBWIRE) -- 09/08/2015 -- Market Research Reports Search Engine (MRRSE) has added a new report titled, "Wearable Technology Materials 2015-2025" to its repository. The 189-page report provides a snapshot of the global wearable technology materials market and evaluates both micro and macro elements which are expected to impact the market over the forecast period.
The report states that wearable technology materials will capitalize on the increasing demand for enabling components. This is expected to enhance opportunities for new technologies introduced in the market as electronics manufacturers shift from the manufacture of bulky devices to a range of stylish alternatives. The market value of sensors used in wearable devices for instance, which stood at US$700 million in 2015, is projected to rise to US$5.8 billion by the end of 2025, only in terms of sensor component value.
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Wearable technology has emerged as a hot topic in recent times as evidenced by multiple reports and industrial sales records. The publication focuses on the relatively new market for wearable electronics, which is waiting for manufacturers to produce intermediate materials to support the new age 2D and 3D electronic printing for in-mold electronics and other processes. Findings of the report project remarkable growth in the market for wearable technology materials, following the rapid proliferation of wearable electronics. According to the study, the market for wearable technology materials will gain momentum as manufacturers introduce rapid changes in the devices so that they comply better with the physical and economic needs of the wearer.
Remarkable growth is predicted for stretch and pressure sensors. Chemical sensors will register second highest growth in the market, as observed by analysts. Suppliers of alternative component materials will benefit from the market opportunities driven by the parameters such as e-textiles, new e-skin patches, tightly roll-able devices, stretchable, and others, which are impossible to manufacture using the conventional "components in a box" approach.
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The report on global wearable technology materials evaluates the market on the basis of growth driver, barriers to market, and potential opportunities. It provides a comprehensive analysis on how wearable electronics is set offer suppliers with over US$100 billion from the sale of cumulative material over the next decade.
The report is compiled with the purpose of providing a comprehensive and up-to-date analysis of the wearable technology materials for suppliers. It focuses on materials required for the manufacture of wearable devices rather than on the finished products. Information included in the report is obtained from a range of industrial sources including financial reports of key market players, relevant historical data, and insights for experts. Appraisals and predictions included in the report are based on industrial insights, proprietary searches from publisher databases, materials obtained from conference materials and recent market events, and other sources.
It covers quantitative and qualitative analysis based on information collected, complete with figures and tables of explanation presenting market value prediction for both materials and complete devices. Predictions are made for the forecast period between 2015 and 2025.
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