Structural Electronics Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Structural Electronics market in 2021?

The global structural electronics market is expected to have a growth rate of 5.2% CAGR from 2021 to 2027. As a result, the market is anticipated to grow to a value of USD 57.8 billion by 2027. The increasing demand for lightweight and flexible electronics in various industries such as automotive, aerospace, and healthcare is driving the growth of the structural electronics market.

COVID-19 Impact on the Structural Electronics Market

The COVID-19 pandemic had a significant impact on the global structural electronics market in 2020. The lockdowns and restrictions imposed by governments around the world led to disruptions in the supply chain and manufacturing operations. As a result, the market witnessed a decline in growth during the pandemic. However, with the gradual reopening of economies and the adoption of remote work and digital technologies, the market is expected to recover and grow steadily in the coming years.

Structural Electronics Dynamics

The structural electronics market is driven by factors such as the increasing demand for lightweight and durable electronic components, advancements in materials and manufacturing technologies, and the growing adoption of smart devices and wearables. The market is also influenced by factors such as government regulations, industry standards, and technological innovations.

Segments and Related Analysis

By Component:

- Printed Circuit Boards (PCBs) - Sensors - OLED Displays - Energy Harvesting Devices - Others

By Application:

- Automotive - Aerospace - Consumer Electronics - Healthcare - Others

By Region Analysis

North America

The North American region is expected to lead the global structural electronics market due to the presence of key market players, technological advancements, and the high adoption rate of smart devices and wearables in the region.

Europe

Europe is expected to witness significant growth in the structural electronics market due to the increasing investments in research and development, the emergence of start-ups, and the focus on sustainable and eco-friendly electronic solutions in the region.

Asia Pacific

The Asia Pacific region is projected to experience rapid growth in the structural electronics market owing to the presence of major electronics manufacturers, the growing automotive and aerospace industries, and the increasing disposable income of consumers in the region.

Key Market Players and Competitive Landscape

- TactoTek - Canatu - Faradair Aerospace - Neotech AMT GmbH - Panasonic Corporation - Other key players

The structural electronics market is highly competitive with the presence of both established players and new entrants. Key market players are focusing on product innovation, partnerships, and acquisitions to gain a competitive edge in the market.

Recent happenings in the Structural Electronics Market

- In September 2021, TactoTek announced the launch of a new line of structural electronics solutions for automotive applications. - In July 2021, Faradair Aerospace unveiled a prototype of a hybrid electric aircraft featuring advanced structural electronics components. - In June 2021, Canatu introduced a new range of flexible OLED displays integrated with structural electronics technology for consumer electronics applications. - In April 2021, Neotech AMT GmbH collaborated with a leading automotive manufacturer to develop innovative structural electronics solutions for next-generation vehicles.