Electronic Skin Market (2021 to 2027) – Growth, Trends, and Forecast

Electronic Skin Market was valued at US$ 6.57 Bn. in 2021. The Global Electronic Skin Market size is estimated to grow at a CAGR of 20.4 % over the forecast period.

Electronic Skin Market Overview:

The electronic skin is a thin, flexible electronic material that replicates the properties and functions of human skin. It is made up of flexible printed electronics that can sense temperature and pressure. The report explores the Electronic Skin market & segments (Product, Product, Sensors, Application, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all Sensors sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Electronic Skin market & drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Electronic Skin market & contemporary competitive scenario. Electronic Skin Market To know about the Research Methodology:- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Electronic Skin Market Dynamics:

Increased Investment in Robotics Technology Drives the Global Adoption of Electronic Skin: The Sensor’s growth would be fueled by rising demand and acceptance of electronic skin as a result of its potential benefits. Electronic skin and skin patches are used for a variety of purposes, including diabetes monitoring, cardiovascular problems, pregnancy detection, and brain abnormalities detection, among others. Similarly, the growing demand for electronic skin Products in wearable electronics is likely to drive the electronic skin market's demand. An Increase in Spending and the Development of Advanced Wearable Devices: The quality of life, the nature of expenses, and the healthcare monitoring system are all influenced by the rise in global environmental issues and chemicals in the atmosphere, as well as an increase in worry over health-related issues. The demand for wearable devices in the market has been driven by qualities such as lightweight, the convenience of use, and communication with smart devices. Benefits such as regular health monitoring, monitoring larger batteries, and other advantages stimulate investment, and increased disposable income boosts the global market's growth. The market for photovoltaic systems can rise due to the demand for self-powered systems in wearable sensors: Due to the limitations of standard patches, photovoltaic systems are increasingly being used in skin patches and sensors. Traditional skin patches have a number of drawbacks, including the requirement to charge the device, which has hampered health monitoring for a variety of people. As a result, the introduction of small, low-cost photovoltaic systems would aid in the creation of profitable opportunities in the electronic skin sector. Electronic Skin Products are Becoming more Popular as Online Store Sales Continue to Rising: The B2B market has several benefits over the B2C segment, including new consumers with more internet habits, immediate order fulfillment, and large order values that translate to higher revenues. As a result of the aforementioned reasons, the market is predicted to develop at a strong growth throughout the forecast period. Material Degradation and Complex Design: Manufacturers use several Products in paper-sized dielectric material foil for the proper working of electronic skin, increasing its design complexity. This, in turn, limits the adaptability of electronic skins, stifling market growth. Also, external factors such as dampness and others destroy electronic skins, limiting their adaptability and stifling market growth. Electronic Skin Market Trends: The electronic skin market growth across the globe is expected to increase due to the ongoing trend of researchers working to improve bio-inspired electronic skin technology. Intensive research and development have aided in the development of a robotic hand that mimics human dexterity. In addition, the embedded rubber substrate electronic skin aids in the detection and measurement of pressure, which would aid autonomous robotic surgery in the future. All of these reasons are expected to boost the global electronic skin market's growth.

Electronic Skin Market Segment Analysis:

Based on Product, the Electronic Skin Market is Segmented into Electronic skinsuits and Electronic patches. Electronic skin patches dominated the market in 2021, accounting for 93.6% of total sales. Actuators, sensors with suitable processing, connectivity, and energy storage are all included in electronic skin patches. Because of its applicability in a variety of personal care applications, electronic skin patches are gaining popularity. This device keeps patients out of hospitals while yet allowing them to communicate with their doctors. These electronic patches are used for diabetic self-monitoring, motion detection, inpatient and outpatient remote patient monitoring, and temperature sensing. During the forecast period, the electronic suits segment is expected to increase at the fastest rate. Electronic Skin Market 1 Based on the Component, the Electronic Skin Market is Segmented into Stretchable circuits, Photovoltaic systems, Stretchable conductors, and Electroactive polymers. Stretchable circuits dominated the market in 2021, accounting for 33.0 % of Revenue Share. Stretchable circuits provide a novel platform for regenerative medicine, continuous health monitoring, and robotic control and feedback by allowing them to interact with soft tissue. Also, these stretchable circuits enable the measurement of numerous biosignals on human skin without interfering with daily activities. Electroactive Polymers (EAP) have a considerable market share due to their biocompatibility. EAPs are polymers that change their dimensions in response to an electrical field. These electroactive polymers have a large reversible ion storage capacity and are electronically conductive. These materials are unique in that they can conform to the surface of various shapes and have low-moduli high-strain characteristics. These features are gaining popularity for a variety of wearable sensor applications, including soft tissue interfacing. Based on Application, the Electronic Skin Market is segmented into Health Monitoring systems, Drug Delivery Systems, and Cosmetics. In 2021, the health monitoring sector dominated the market, accounting for 40.0 % of revenue. This is due to its widespread use in medical fields such as diabetes, cardiology, and neurology. Also, the patient can apply patches for muscle, heart, and brain activity testing on their own, thanks to the technology's user-friendly nature. During the forecast period, the drug delivery systems segment is predicted to grow at the quickest rate. The non-invasive, real-time dynamic therapeutic capability is principally responsible for the segment's rapid growth. These electronic skins can store data, track muscle movement, and dispense medicine through the skin based on stored data patterns. As a result, the aforementioned variables are expected to increase market demand.

Electronic Skin Market Regional Insights:

The North American region held the largest market share accounting for 41.2% in 2021. In North America, the market is being boosted by a growing elderly population and a growing number of product launches. Continuous technical advancements, as well as attractive reimbursement policies, are all contributing to the region's market growth. Also, the presence of big players in the Sensors is boosting the region's growth. During the forecast period, the Asia Pacific market is expected to grow at the fastest rate. The growing elderly population and the rising number of diabetic patients are the main drivers of market expansion. According to the American Diabetes Association, Asia is home to more than 60.0% of diabetics. In addition, the aging population is driving up demand for electronic skin products. Electronic Skin Market Competitive Landscape: The competitive landscape for the electronic skin market breaks down information by a competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, geographical presence, company strengths and weaknesses, and application domination are among the details presented. The information presented above is only about the companies' concentration on the electronic skin market. MC10., plastic electronic GmbH, ROTEX, VivaLnk, Inc., Xenoma Inc., Koninklijke Philips N.V., Physical Optics Corporation, 3M, and other domestic and global competitors are among the major players covered in the electronic skin market report. The objective of the report is to present a comprehensive analysis of the global Electronic Skin Market to the stakeholders in the Sensors. The past and current status of the Sensors with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Sensors with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the Sensors to the decision-makers. The reports also help in understanding the Electronic Skin Market dynamic and structure by analyzing the market segments and projecting the Electronic Skin Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Electronic Skin Market make the report investor’s guide.

Electronic Skin Market Scope: Inquire before buying

Global Electronic Skin Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 6.57 Bn.
Forecast Period 2022 to 2027 CAGR: 20.4% Market Size in 2027: US $ 20.01 Bn.
Segments Covered: by Product • Electronic skinsuits • Electronic patches
by Component • Stretchable circuits • Photovoltaic systems • Stretchable conductors • Electroactive polymers
by Sensors • Tactile sensors • Chemical sectors • Electrophysiological Sensors • Others
by Application • Health Monitoring Systems • Wearable Technology • Others

Electronic Skin Market, by Region:

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Electronic Skin Market Key Players:

MC10 • Physical Optics Corporation • Dialog Semiconductor • Intelesens Ltd • 3M • Koninklijke Philips N.V. • Plastic Electronics GmbH • ROTEX Global • SMARTLIFEINC LIMITED • VivaLNK • Xenoma • Xsensio. • Chrono Therapeutics • iRhythm Technologies, Inc • Quad Industries • Bloomlife • Dexcom, Inc • Insulet Corporation

Frequently Asked Questions:

1] What is the forecasted market size and growth rate of the Global Electronic Skin market as per the forecasting period? Ans. Forecasted market size US$ 20.01 Bn. till 2027, with a CAGR of 20.4 %. 2] Which segment type is dominating the Global Electronic Skin market, and by how much share? Ans. The product segment is dominating the segment Electronic Skin market. In that Electronic skin, patches are leading with 93.6% revenue share in 2021. 3] Which region is expected to hold the highest share in the Global Electronic Skin Market? Ans. The North American region is expected to hold the highest share in the Electronic Skin Market. With the accounting revenue share of 41.2% in 2021. 4] Which are the leading key players in the Global Electronic Skin market? Ans. Physical Optics Corporation, Dialog Semiconductor, MC10, Intelesens Ltd, 3M, Koninklijke Philips N.V. 5] What segments are covered in the Global Electronic Skin Market? Ans. The Electronic Skin market is segmented into Product, Product, Sensors, Region, and application.
1. Global Electronic Skin Market Size: Research Methodology 2. Global Electronic Skin Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Electronic Skin Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Electronic Skin Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Electronic Skin Market Size Segmentation 4.1. Global Electronic Skin Market Size by Product (2021-2027) • Electronic skinsuits • Electronic patches 4.2. Global Electronic Skin Market Size, by Component (2021-2027) • Stretchable circuits • Photovoltaic systems • Stretchable conductors • Electoactive polymers 4.3. Global Electronic Skin Market Size, by Sensors (2021-2027) • Tactile sensors • Chemical sectors • Electrophysiological Sensors • Others 4.4. Global Electronic Skin Market Size, by Application (2021-2027) • Health Monitoring Systems • Wearable Technology • Others 5. North America Electronic Skin Market (2021-2027) 5.1. North America Electronic Skin Market Size, by Product (2021-2027) • Electronic skinsuits • Electronic patches 5.2. North America Electronic Skin Market Size, by Component (2021-2027) • Stretchable circuits • Photovoltaic systems • Stretchable conductors • Electroactive polymers 5.3. North America Electronic Skin Market Size, by Sensors (2021-2027) • Tactile sensors • Chemical sectors • Electrophysiological Sensors • Others 5.4. Global Electronic Skin Market Size, by Application (2021-2027) • Health Monitoring Systems • Wearable Technology • Others 5.5. North America Electronic Skin Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Electronic Skin Market (2021-2027) 6.1. European Electronic Skin Market, by Product(2021-2027) 6.2. European Electronic Skin Market, by Component (2021-2027) 6.3. European Electronic Skin Market, by Sensors (2021-2027) 6.4. European Electronic Skin Market, by Application (2021-2027) 6.5. European Electronic Skin Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Electronic Skin Market (2021-2027) 7.1. Asia Pacific Electronic Skin Market, by Product(2021-2027) 7.2. Asia Pacific Electronic Skin Market, by Component (2021-2027) 7.3. Asia Pacific Electronic Skin Market, by Sensors (2021-2027) 7.4. Asia Pacific Electronic Skin Market, by Application (2021-2027) 7.5. Asia Pacific Electronic Skin Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Electronic Skin Market (2021-2027) 8.1. Middle East and Africa Electronic Skin Market, by Product(2021-2027) 8.2. Middle East and Africa Electronic Skin Market, by Component (2021-2027) 8.3. Middle East and Africa Electronic Skin Market, by Sensors (2021-2027) 8.4. Middle East and Africa Electronic Skin Market, by Application (2021-2027) 8.5. Middle East and Africa Electronic Skin Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Electronic Skin Market (2021-2027) 9.1. South America Electronic Skin Market, by Product(2021-2027) 9.2. South America Electronic Skin Market, by Component (2021-2027) 9.3. South America Electronic Skin Market, by Sensors (2021-2027) 9.4. South America Electronic Skin Market, by Application (2021-2027) 9.5. South America Electronic Skin Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. MC10 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Physical Optics Corporation 10.3. Dialog Semiconductor 10.4. Intelesens Ltd 10.5. 3M 10.6. Koninklijke Philips N.V 10.7. Plastic Electronics GmbH 10.8. ROTEX Global 10.9. SMARTLIFEINC LIMITED 10.10. VivaLNK 10.11. Xenoma 10.12. Xsensio 10.13. Chrono Therapeutics 10.14. iRhythm Technologies, Inc 10.15. Quad Industries 10.16. Bloomlife 10.17. Dexcom, Inc 10.18. Insulet Corporation

About This Report

Report ID 28676
Category Electronics
Published Date April 2019
Updated Date May 2022
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