Electronic Skin Market Applications, CAGR & Forecast

Introduction

Electronic skin is a thin, flexible, and stretchable membrane embedded with electronic components that possesses sensing abilities. Electronic skin technology is intended to reproduce the abilities of human/animal skin, owing to which electronic skin generates an appropriate response to environmental stimuli, such as changes in pressure and heat.

Electronic skin incorporates the usage of integrated sensors to monitor environmental changes. This feature showcased by electronic skin technology has sparked the interest of the manufacturers of wearable devices and healthcare equipment. Electronic skin possesses the potential to be utilized for on-body health and physiological condition monitoring. During the coming years, electronic skin is expected to experience widespread adoption in different industry domains such as healthcare, industrial & residential robotics, and prosthetics.

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In this market study, Future Market Insights has segmented the global electronic skin market by component, region, and application

With regards to the applications of electronic skin, the global electronic skin market is segmented into consumer electronics, automotive, healthcare, telecommunication, retail, and aerospace & defense, among others. The healthcare applications of electronic skin are estimated to register the highest growth during the forecast period and are expected to continue to hold the largest market share.

Transition toward the adoption of remote monitoring applications with the help of wearable devices is expected to drive the electronic skin market during the forecast period

High demand for electronic skin solutions in the wearable electronics sector is expected to propel the adoption of electronic skin in the healthcare industry. Chronic changes in diet and lifestyle owing to increasing health concerns in the average population and the rising awareness about fitness is estimated to drive the global electronic skin market during the forecast period.

Moreover, the ageing of the population and the consequent threats of chronic diseases & conditions, such as diabetes, cancer and heart disease, are expected to propel the adoption rate of remote health monitoring equipment. Electronic skin patches and related equipment facilitates the remote management of chronic diseases while offering complete independence to the patient.

Growing awareness regarding the electronic skin technology in the healthcare sector and the ever-rising acceptance of remote patient monitoring equipment is estimated to propel the global electronic skin market during the forecast period.

Electronic Skin Market

Technological advancements in microelectronics technology is driving research and development in the electronic skin technology

By component, the global electronic skin market is segmented into stretchable circuits, stretchable conductors, electro-active polymers, and photovoltaics, among other components. Continuous advancements in the Microelectro-mechanical Systems (or MEMS) technology have resulted in the miniaturization of electro-mechanical and mechanical components using microfabrication techniques.

By utilizing MEMS technology, the miniaturized electronic circuits and components can be embedded onto a thin and flexible substrate. The solution formed is referred to as electronic skin. These advancements in the MEMS technology enable the integration of multifunctional semiconductors into a single flexible substrate. The multifunctionality feature offered by various electronic skin solutions is estimated to drive the global electronic skin market during the forecast period.

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The electronic skin market in North America is estimated to witness a high growth potential during the forecast period

With respect to geography, the electronic skin market in North America is estimated to hold the largest market share of the global electronic skin market by the end of the forecast year 2019. However, the electronic skin market in Western Europe is estimated to hold the largest market share by the end of the forecast period. The large presence of electronic skin technology researchers is driving the electronic skin markets in North America and Western Europe.

The electronic skin market in China is estimated to record the highest growth rate during the forecast period. Increasing competition in the market and high investments made by the research departments of companies and the government will enable the electronic skin market in China to grow at a significant rate during the forecast period.

Electronic skin technology has become an ideal solution for several next-generation applications in the consumer electronics and healthcare industries, and electronic skin is finding applications in communication protocol & framework, assistive health, an

Currently, researchers are focused on enhancing the “bio-inspired” electronic skin technology. Various research and development divisions of the market participants have developed a robotic hand that features the dexterity of a human hand. Integrated rubber substrate electronic skin enables the robotic hand to detect and measure pressure, which enables it to control the applicable force parameter.

This feature will enable medical end users to facilitate autonomous robotic surgery in the future. This electronic skin-integrated autonomous robotic equipment will possess the ability to carry out complex operations and surgeries in the medical and healthcare sector without any human intervention.

However, a large amount of research is required before the technology is certified for complex surgical uses. At present, this technology is only suitable for repetitive experimental tasks such as lifting an egg and carrying it from one point to another.

Some key market participants profiled in the global electronic skin market study include MC10, Physical Optics Corporation, Dialog Semiconductor, Intelesens Ltd., 3M, Koninklijke Philips N.V., Plastic Electronics GmbH, ROTEX Global, SMARTLIFEINC LIMITED, VivaLNK, Xenoma, and Xsensio.

Key Segment

Component

Stretchable Circuits
Stretchable Conductors
Electr-active Polymers
Photovoltaics
Others

Application

Consumer Electronics
Automotive
Healthcare
Telecommunication
Retail
Aerospace & Defense
Others

Key regions covered in the global electronic skin market report:

North America
- U.S.
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Russia
- Rest of Europe
SEA and Others of APAC
- India
- ASEAN
- Australia and New Zealand
- Rest of SEA and Other APAC
China
Japan
Middle East and Africa
- Northern Africa
- GCC Countries
- South Africa
- Turkey
- Rest of Middle East and Africa

Frequently Asked Questions

How is the Electronic Skin Market Growing?

The electronic skin market is predicted to grow at 20.3% CAGR through 2032.

Which Region Holds the Highest Revenue Potential in the Electronic Skin Market?

North America electronic skin market holds the highest revenue potential.

What is the Current Electronic Skin Market Size?

The electronic skin market size is anticipated to be over US$ 7.83 Billion in 2022.

What is the Future Scope of Growth for the Electronic Skin Market?

The electronic skin market is expected to surpass US$ 49.74 Billion by 2032.

Table of Content

1. Executive Summary
    1.1. Market Overview
    1.2. Market Analysis
    1.3. Analysis and Recommendations
    1.4. Wheel of Fortune
2. Market Introduction
    2.1. Market Definition
    2.2. Significance
    2.3. Technology Roadmap
    2.4. Market Taxonomy
    2.5. Segmental Incremental Opportunities
3. Market Background
    3.1. Macroeconomic Factors
    3.2. Technologies Enabling Innovations
    3.3. Value Chain
    3.4. Market Dynamics
        3.4.1. Drivers
        3.4.2. Restraints
        3.4.3. Impact Analysis by Region
        3.4.4. Opportunity in Communication Protocol/Framework
        3.4.5. Opportunity in Assistive Health
        3.4.6. Opportunity in Social Intelligence Robotics
        3.4.7. Current Market Trends
4. Market Forecast
    4.1. Market Size and Y-o-Y Growth
    4.2. Absolute $ Opportunity
5. Global Market Analysis by Component
    5.1. Introduction
        5.1.1. Market Value Share Analysis By Component
        5.1.2. Y-o-Y Growth Analysis by Component
    5.2. Historical Market Size Analysis by Component, 2013-2017
    5.3. Market Size Forecast by Component 2018-2028
        5.3.1. Stretchable Circuits
        5.3.2. Stretchable Conductors
        5.3.3. Electro-active Polymers
        5.3.4. Photovoltaics
        5.3.5. Others
    5.4. Market Attractiveness Analysis by Component
6. Global Market Analysis by Application
    6.1. Introduction
        6.1.1. Market Value Share Analysis by Application
        6.1.2. Y-o-Y Growth Analysis by Application
    6.2. Historical Market Size Analysis by Application, 2013-2017
    6.3. Market Size Forecast by Application, 2018-2028
        6.3.1. Consumer Electronics
        6.3.2. Automotive
        6.3.3. Healthcare
        6.3.4. Telecommunication
        6.3.5. Retail
        6.3.6. Aerospace & Defense
        6.3.7. Others
    6.4. Market Attractiveness Analysis by Application
7. Global Market Analysis by Region
    7.1. Introduction
        7.1.1. Market Value Share Analysis by Region
        7.1.2. Y-o-Y Growth Analysis by Region
    7.2. Historical Market Size Analysis by Region, 2013-2017
    7.3. Market Size Forecast by Region, 2018-2028
        7.3.1. North America
        7.3.2. Latin America
        7.3.3. Western Europe
        7.3.4. Eastern Europe
        7.3.5. SEA and others of APAC
        7.3.6. China
        7.3.7. Japan
        7.3.8. Middle East and Africa
    7.4. Market Attractiveness Analysis by Region
8. North America Market Analysis
    8.1. Introduction
    8.2. Historical Market Size Analysis by Market Segment, 2013-2017
    8.3. Market Size Forecast by Market Segment, 2018-2028
        8.3.1. By Country
            8.3.1.1. U.S.
            8.3.1.2. Canada
        8.3.2. By Component
        8.3.3. By Application
    8.4. Market Attractiveness Analysis
        8.4.1. By Country
        8.4.2. By Component
        8.4.3. By Application
9. Latin America Market Analysis
    9.1. Introduction
    9.2. Historical Market Size Analysis by Market Segment, 2013-2017
    9.3. Market Size Forecast by Market Segment, 2018-2028
        9.3.1. By Country
            9.3.1.1. Brazil
            9.3.1.2. Mexico
            9.3.1.3. Rest of Latin America
        9.3.2. By Component
        9.3.3. By Application
    9.4. Market Attractiveness Analysis
        9.4.1. By Country
        9.4.2. By Component
        9.4.3. By Application
10. Western Europe Market Analysis
    10.1. Introduction
    10.2. Historical Market Size Analysis by Market Segment, 2013-2017
    10.3. Market Size Forecast by Market Segment, 2018-2028
        10.3.1. By Country
            10.3.1.1. Germany
            10.3.1.2. Italy
            10.3.1.3. France
            10.3.1.4. Spain
            10.3.1.5. U.K.
            10.3.1.6. BENELUX
            10.3.1.7. Rest of Western Europe
        10.3.2. By Component
        10.3.3. By Application
    10.4. Market Attractiveness Analysis
        10.4.1. By Country
        10.4.2. By Component
        10.4.3. By Application
11. Eastern Europe Market Analysis
    11.1. Introduction
    11.2. Historical Market Size Analysis by Market Segment, 2013-2017
    11.3. Market Size Forecast by Market Segment, 2018-2028
        11.3.1. By Country
            11.3.1.1. Russia
            11.3.1.2. Poland
            11.3.1.3. Rest of Eastern Europe
        11.3.2. By Component
        11.3.3. By Application
    11.4. Market Attractiveness Analysis
        11.4.1. By Country
        11.4.2. By Component
        11.4.3. By Application
12. SEA and Other APAC Market Analysis
    12.1. Introduction
    12.2. Historical Market Size Analysis by Market Segment, 2013-2017
    12.3. Market Size Forecast by Market Segment, 2018-2028
        12.3.1. By Country
            12.3.1.1. India
            12.3.1.2. ASEAN
            12.3.1.3. Australia and New Zealand
            12.3.1.4. Rest of SEA and others of APAC
        12.3.2. By Component
        12.3.3. By Application
    12.4. Market Attractiveness Analysis
        12.4.1. By Country
        12.4.2. By Component
        12.4.3. By Application
13. China Market Analysis
    13.1. Introduction
    13.2. Historical Market Size Analysis by Market Segment, 2013-2017
    13.3. Market Size Forecast by Market Segment, 2018-2028
        13.3.1. By Component
        13.3.2. By Application
    13.4. Market Attractiveness Analysis
        13.4.1. By Component
        13.4.2. By Application
14. Japan Market Analysis
    14.1. Introduction
    14.2. Historical Market Size Analysis by Market Segment, 2013-2017
    14.3. Market Size Forecast by Market Segment, 2018-2028
        14.3.1. By Component
        14.3.2. By Application
    14.4. Market Attractiveness Analysis
        14.4.1. By Component
        14.4.2. By Application
15. Middle East and Africa Market Analysis
    15.1. Introduction
    15.2. Historical Market Size Analysis by Market Segment, 2013-2017
    15.3. Market Size Forecast by Market Segment, 2018-2028
        15.3.1. By Country
            15.3.1.1. Northern Africa
            15.3.1.2. GCC Countries
            15.3.1.3. Turkey
            15.3.1.4. South Africa
            15.3.1.5. Rest of Middle East and Africa
        15.3.2. By Component
        15.3.3. By Application
    15.4. Market Attractiveness Analysis
        15.4.1. By Country
        15.4.2. By Component
        15.4.3. By Application
16. Competition and Market Structure Analysis
    16.1. Market Position of Key Players
    16.2. Market Share by Tier of Companies
17. Competition Deep Dive
    17.1. Koninklijke Philips N.V.
        17.1.1. Overview
        17.1.2. Key Financials
        17.1.3. Product Portfolio
        17.1.4. Key Strategies
        17.1.5. Competition Benchmarking
    17.2. MC10
    17.3. Physical Optics Corporation
    17.4. Dialog Semiconductor
    17.5. Intelesens Ltd.
    17.6. 3M
    17.7. plastic electronic GmbH
    17.8. ROTEX Technology
    17.9. VivaLNK
    17.10. Smartlife
    17.11. Xenoma Inc.
    17.12. Xsensio
18. Research Methodology