Printed flexible sensors that efficiently detect various stimuli relevant to specific environmental or biological species have been extensively studied due to their great potential for the Internet of Things and wearable electronics applications. The application of flexible and stretchable electronics to device- engineering technologies has enabled the fabrication of slender, lightweight, stretchable, and foldable sensors. Ultra-thin chip technology is recognized as an enabler for mastering bottlenecks in microelectronics, such as 3D integration, which may give growth opportunities for the market. The use of printed flexible sensors in IoT applications is a significant driver for the market.
The market for the printed flexible sensors is highly concentrated and consists of a few significant players. In terms of market share, few of these major players currently dominate the market. Various companies are focusing on organic and inorganic growth strategies such as product launches, product approvals, patents, acquisitions, and partnerships. These influential players with a noticeable share in the market are concentrating on expanding their customer base across foreign countries. These businesses are leveraging strategic collaborative actions to improve their market percentage and enhance their profitability.
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