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Can the future of printed electronics and flexible electronics rise with the Internet of Things?
Printable and flexible electronics are becoming one of the many emerging applications in the IoT space, and as technology advances, the market behind these technologies is changing.
Flexible sensors can be used in a variety of Internet of Things areas such as agriculture, healthcare, health monitoring, and more. Certain types of flexible devices are critical to the Internet of Things, especially on wearable products such as fitness electronics and smart watches.
An example is BeBop, a sensor company based in Berkeley, which uses smart fabrics to develop flexible pressure sensors for OEMs. BeBop's sensors can be directly applied to bicycle helmets, car seats, data gloves, shoes, clothing and steering wheels. The Smart Fabric Sensor was originally developed by BeBop founder Keith McMillen for a musical instrument company that combines instruments with computers and software.
IDTechEx predicts that the market for printable, flexible and organic electronics will grow from $29.28 billion this year to $74.33 billion in 2027. Most of the revenue comes from the application of organic light-emitting diodes (OLEDs) in displays, lighting, television and other fields. Market research organizations also said that in the future, emerging fields such as stretchable electronics, logic circuits, memory devices and thin film sensors will be used.