Wearables Will Be the Largest Market for Printed, Flexible, and Organic Electronic Sensors, Growing at a CAGR of 38% Into a $244 Million 2024 Market, Lux Research Says
BOSTON, MA--(Marketwired - Sep 23, 2014) - Printed, flexible and organic electronic (PFOE) sensors can offer flexible form factors, larger area, lower cost, lower power, and better disposability compared to conventional sensors, key attributes for wearable applications. These attributes will allow them to grow into a $244 million market in wearables, according to Lux Research.
"With players from Apple to Intel to Kickstarter-funded start-ups launching devices, wearables are getting hot, but they still need to add functionality while trimming cost and size to really go mainstream," said Jonathan Melnick, Lux Research Senior Analyst and lead author of the report titled, "Dial-Up Sensors: Printed, Flexible and Organic Sensors for the Things in the Internet of Things."
"Printed, flexible, and organic electronic sensors can play a key enabling role for wearables -- though many technology developers still need to improve performance, reliability and lifetime," he added.
Lux Researchers analyzed the market for PFOE sensors across a wide variety of connected applications on the "Internet of Things" (IoT), include wearables, retail, transportation, and buildings. Among their findings:
The report, titled "Dial-Up Sensors: Printed, Flexible and Organic Sensors for the Things in the Internet of Things," is part of the Lux Research Printed, Flexible, and Organic Electronics Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
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Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com