Published Date : Sep 03, 2018
Albany, New York, Sept 3, 2018: The global structural electronics market is predicted to witness a surge in its demand during the forecast period due to the surge in automotive industry worldwide. Structural electronics is the structural components with electrical and electronics functionality. Technological advancement accompanied by heavy flow of funds has helped the structural electronics market to bolster, notices Market Research Reports.biz. In a 90 pages report titled, “Global Structural Electronics Market Insights, Forecast to 2025”, offers a complete 360 degree overview of the market. The report carries various market dynamics such as opportunity, trends, and restraints which are likely to have a tremendous on the growth on the growth of the market.
One of the major driver in the market that is predicted to push the market forward is the introduction of structural health monitoring systems. These systems which consist of electromagnetic sensors, fiber optic strain sensors, MEMS accelerometers, and temperature sensors is known to gather vital information regarding the condition of the structure and can also detect any future threats. This is known to have tweaked the demand for the structural components such as sensors, chips accompanied with flexible electronics like bendable screens which are to be installed in the smart structures.
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Other industry such as aerospace industry is likely to adopt this technology much sooner than any other industry because of the better communication system that the structural electronics promises on-board. It is also known to help in monitoring the aircraft. The technology is also known to help in making the aircraft safe by alerting instantly. Aircraft manufacturer are likely to rely on this market as it can alert spontaneously on any leaks or cracks present on the aircraft. It is believed that structural electronics in automobiles and aircrafts is believed to become the central nervous system of these type of vehicles.
Factors such as longer range and more preference for the electronic vehicles accompanied with early notification for problems such as corrosion of reinforced concrete in civil engineer are some of the major factors that is fueling the growth of the global structural electronics market. Apart from these, rapid advancements in material science in order to develop stretchable conductive materials accompanied with various application that the structural electronics find is contributing to the growth of the market.
The global structural electronics market is classified on the basis of type, application and region. On the basis of type the market can be bifurcated into printed and flexible electronics, 3D Printers, Origami Zippered Tubes, and others. On the basis of application the market can be segregated into aerospace, automotive, electricity, and others.
Geographically, the market is spread across North America, Asia Pacific, Europe, and Middle East and Africa. Asia Pacific region holds the strongest market share, followed by the North America.
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