TechNavio recognizes the following companies as the key players in the Global Electroactive Polymers Market: 3M Company, Agfa-Gevaert N.V., Bayer Material Science LLC, Danfoss Polypower A/S, E. I. duPont de Nemours and Company, Eamex Corporation, PolyOne Corp., and Sigma Aldrich Co. LLC.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Electroactive Polymers market is witnessing a rise in R&D activities for the manufacture of new EAPs. A large part of these activities is focused on development of EAP actuators and sensors for robotics and medical devices. For instance, many firms are making huge investments for the R&D of micro pumps that can work in a similar manner to the human heart. Moreover, biomimetic robots with movements that are analogous to the human body are being developed by researchers. Due to their operational similarity to actual muscles, these robots can be made highly maneuverable and agile. This will help in expanding the use of EAPs in robots in the near future.”
According to the report, one of the major drivers in this market is the increasing use of EAPs in haptic technology for touch screen displays. A lot of R&D is being conducted in the Consumer Electronics industry to develop low-cost, highly responsive EAPs.
Further, the report states that one of the major challenges in this market is the increasing competition among manufacturers, especially in the biomedical and consumer electronic applications. The increasing competition has resulted in a decline in prices and profit margins of the manufacturers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-electroactive-polymers-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
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TechNavio Announces the Publication of its Research Report -Global Electroactive Polymers Market 2012-2016
