The market research report outlines the global structural electronics market by end-user segmentation by industrial, energy, agriculture, defense, medical, office and residential users, and others. Market shares for APAC, Americas and EMEA by 2019 is also included in this report. The research analyzes the leading market vendors, including ABB, Honeywell, and Yokogawa Electric, Emerson, GE, and Siemens.
Technavio’s market research analysts estimate the global structural electronics market to grow at a CAGR of more than 15% between 2015 and 2019. Improvements in 3D technology, miniaturized sensors and circuit chips are propelling the growth of structural electronics. The APCA dominates the global market for structural electronics, accounting for around 46% of the total market share. China, Japan, Taiwan, South Korea, and India are the major contributors to the market in this region. These countries are leading electronics manufactures across the world.
The new market research report from Technavio provides a breakdown and analysis of the structural electronics segments by technology.
“One of the interesting trend gaining significance in the market is the introduction of structural health monitoring systems. These electronics consist of fiber optic strain sensors, electromagnetic sensors, temperature sensors, and MEMS accelerometers that collect crucial information about the safety conditions of the structure, and predict the possible threats. The demand for structural health monitoring systems is rising considerably. This has accelerated the demand for structural components like chips and sensors coupled with flexible electronics like bendable screens to be embedded in the smart structures,” says Navin Rajendra, Lead Analyst, Semiconductor, Technavio Research.
Of late, the market vendors are focusing on diverse applications of structural electronics across various industries. Structural electronics component manufacturers like TactoTek, have announced that through a new manufacturing process, they can insert electronic components into the structural plastic designs of LEDs, sensors, and ICs. Such developments are aimed to improve the wearables technology when 3D printing develops with the market.
The leading vendors in the global structural electronics market are ABB, Honeywell, and Yokogawa Electric, Emerson, GE, and Siemens. Being an emerging market, the competition among few players is not that intense. There are chances that many start-ups and large firms will enter the structural electronics market are high because of its potential.
A more detailed analysis is available in the Technavio report, Global Structural Electronics Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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