Global Electronic Skin Market, By Component (Stretchable Circuits, Stretchable Conductors, Electro-Active Polymers, Photovoltaics, Others), Application (Aerospace and Defense, Retail, Healthcare, Telecommunication, Consumer Electronics, and Automotive, Other Applications), Type (Robotic Device, Prosthetics, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
Electronic skin has gained intense popularity due to its widespread adoption in different industry domains such as industrial and residential robotics, prosthetics and healthcare, among others over the years. This technology is known to have the potential to be utilized for physiological and on-body health condition monitoring.
Global electronic skin market was valued at USD 0.87 billion in 2021 and is expected to reach USD 12.11 billion by 2029, registering a CAGR of 38.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Electronic skin refers to a thin and flexible electronic material that is known to mimic the functionalities and property of human skin. It includes flexible printed electronics that assist in sensing the pressure and temperature.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Stretchable Circuits, Stretchable Conductors, Electro-Active Polymers, Photovoltaics, Others), Application (Aerospace and Defense, Retail, Healthcare, Telecommunication, Consumer Electronics, and Automotive, Other Applications), Type (Robotic Device, Prosthetics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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MC10. (US), Intellisense Technology (US), plastic electronic GmbH(Austria), ROTEX (US), VivaLnk, Inc. (US), Xenoma Inc. (Japan), Koninklijke Philips N.V. (Netherlands), Physical Optics Corporation (US), and 3M (US), among others
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Market Opportunities
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Electronic Skin Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Geriatric Population
The increase in the geriatric population acts as one of the major factors driving the growth of electronic skin market as they are more prone to chronic diseases. The subsequent increase in the incidence of chronic diseases among elderly people accelerating consistent monitoring have a positive impact on the market.
- Fitness and Healthcare Applications
The rise in consumer preference for sleek and compact devices in fitness and healthcare applications accelerate the market growth. Also, surge in awareness of fitness, lifestyle, and home healthcare across the globe assists in the expansion of the market.
- Lifestyle Diseases
The surge in the prevalence of lifestyle diseases, such as atherosclerosis, heart disease, and stroke further influence the market.
Opportunities
Furthermore, increase in the research and development activities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, adoption of better as well as periodic health monitoring system will further expand the market.
Restraints/Challenges
On the other hand, high capital investment is expected to obstruct market growth. Also, concerns regarding complex designing are projected to challenge the electronic skin market in the forecast period of 2022-2029.
This electronic skin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electronic skin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Electronic Skin Market
The COVID-19 had a negative impact on the electronic skin market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand electronic skin technology. The supply chain got hampered during the pandemic along with delay logistics activities. However, the electronic skin market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Global Electronic Skin Market Scope and Market Size
The electronic skin market is segmented on the basis of component, type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Stretchable Circuits
- Stretchable Conductors
- Electro-Active Polymers
- Photovoltaics
- Others
Application
- Aerospace and Defense
- Retail
- Healthcare
- Telecommunication
- Consumer Electronics
- Automotive
- Other Applications
Type
- Robotic Device
- Prosthetics
- Others
Electronic Skin Market Regional Analysis/Insights
The electronic skin market is analysed and market size insights and trends are provided by country, component, type and application as referred above.
The countries covered in the electronic skin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electronic skin market because of rise in demand from electronic sector, healthcare and others within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the adoption of advanced technology in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electronic Skin Market
The electronic skin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electronic skin market.
Some of the major players operating in electronic skin market are
- MC10. (US)
- Intellisense Technology (US)
- plastic electronic GmbH(Austria)
- ROTEX (US), VivaLnk, Inc. (US)
- Xenoma Inc. (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Physical Optics Corporation (US)
- 3M (US)
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