Electronic Skin Market Key Findings and Size by 2031
The Electronic Skin Market is expected to register a CAGR of 15.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Stretchable Circuits, Photovoltaic, Stretchable Conductors, Electro-active Polymers, Others); Application (Personal Health Monitoring, Wearable Devices, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Electronic Skin Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Electronic Skin Market Segmentation
Component- Stretchable Circuits
- Photovoltaic
- Stretchable Conductors
- Electro-active Polymers
- Others
- Personal Health Monitoring
- Wearable Devices
- Others
Strategic Insights
Electronic Skin Market Growth Drivers- Advances in Wearable Technology: The highest growth in the e-skin market is presently fuelled by the high demand for wearable devices such as fitness trackers, smartwatches, and health-monitoring sensors. E-skin technology improves the performance of these devices due to a more flexible, lightweight, and skin-like interface. Wearable electronics are expected to continue to grow, and as their use becomes more integral in everyone's daily activities, so too will demand for electronic skin that can be morphed around the body or monitor physiological parameters in real time. This trend is especially notable in the healthcare industry, where e-skin can be used for monitoring vital signs or aiding in chronic condition management.
- Healthcare Applications: The healthcare sector is one of the most promising fields for e-skin technology. E-skin, with its tremendous potential, will revolutionize healthcare: it will make it possible to continuously, non-invasively monitor all health metrics-about heart rate, body temperature, and blood oxygen levels-that a doctor might be interested in. For example, comfortable on-body skin-like patches with flexible and adhesive structures can measure these parameters in real time without any discomfort, thus providing a new method to monitor the condition in real time, enhancing diagnostics, and increasing beneficial outcomes. As the concept of personalized healthcare and the further development of telemedicine is gaining momentum, the demand for e-skin technology in health applications will surge.
- Robotics and Human-Machine Interaction: Another factor is the advancement of prosthetics and robots that need feedback to manipulate their environment sensibly. A self-sensing, stretchable skin like e-skin would be an integral part of any robotic system, hence, improving the dexterity and sensitivity of robots so that they could sense touch or changes in pressure. Tactile sensations could be provided through prosthetic limbs with an e-skin, thus making the control even more natural and intuitive. In the future, advancements in robotics and prosthetics will depend majorly on the development of e-skin.
- Advancements in Soft Robotics and Prosthetics: Another significant trend driving the electronic skin market is its application in soft robotics and prosthetics. Electronic skin is being used to enhance the functionality and sensitivity of prosthetic limbs, enabling them to detect pressure, temperature, and touch, thus improving user experience and making prosthetics more lifelike. In soft robotics, electronic skin helps robots interact more naturally with their environment by providing tactile feedback and the ability to "feel." These advancements are pushing the boundaries of both healthcare applications and robotics, leading to more advanced, functional, and intuitive prosthetics and robotic systems.
- Proliferation of IoT Devices: The need for flexible sensor-enabled materials continues to expand with the rising Internet of Things industries-from smart homes and buildings all the way to connected factories and cities. E-skin solves the whole issue as sensors are being integrated into it so that it senses any environmental change and feeds the data into IoT networks. For instance, in smart homes, e-skin can be integrated with surfaces such as walls or flooring to sense temperature or pressure changes, creating a smarter and more responsive environment. With the growing penetration of IoT systems across all sectors, incorporation into devices like e-skin will fuel demand.
- Technological Advancements in Materials Science: New materials such as flexible polymers, organic electronics, and nanomaterials help counter the challenges associated with the durable and efficient creation of devices of e-skin. Advances in conductive materials and sensor technologies are allowing for the fabrication of highly sensitive and versatile e-skin that works well in extreme conditions such as extreme temperatures or high humidity. Such innovations in material can now lead to the development of e-skin products, which are more reliable, cost-effective, and scalable, thus accelerating their integration across industries.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electronic Skin Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Electronic Skin Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Electronic Skin Market is estimated to witness a CAGR of 15.9% from 2023 to 2031
The major factors driving the electronic skin market are:
1. Advances in Wearable Technology
2. Healthcare Applications
Technological Advancements in Materials Science is anticipated to play a significant role in the global electronic skin market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation as our team would review the same and check the feasibility
INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electronic Skin Market - By Component
1.3.2 Electronic Skin Market - By Application
1.3.3 Electronic Skin Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ELECTRONIC SKIN MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 Asia-Pacific - Pest Analysis
4.3.4 Middle East and Africa - Pest Analysis
4.3.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
5. ELECTRONIC SKIN MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ELECTRONIC SKIN MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRONIC SKIN - GLOBAL MARKET OVERVIEW
6.2. ELECTRONIC SKIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRONIC SKIN MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. STRETCHABLE CIRCUITS
7.3.1. Overview
7.3.2. Stretchable Circuits Market Forecast and Analysis
7.4. PHOTOVOLTAICS
7.4.1. Overview
7.4.2. Photovoltaic Market Forecast and Analysis
7.5. STRETCHABLE CONDUCTORS
7.5.1. Overview
7.5.2. Stretchable Conductors Market Forecast and Analysis
7.6. ELECTRO-ACTIVE POLYMERS
7.6.1. Overview
7.6.2. Electro-active Polymers Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ELECTRONIC SKIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PERSONAL HEALTH MONITORING
8.3.1. Overview
8.3.2. Personal Health Monitoring Market Forecast and Analysis
8.4. WEARABLE DEVICES
8.4.1. Overview
8.4.2. Wearable Devices Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. ELECTRONIC SKIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electronic Skin Market Overview
9.1.2 North America Electronic Skin Market Forecasts and Analysis
9.1.3 North America Market Forecasts and Analysis - By Component
9.1.4 North America Market Forecasts and Analysis - By Application
9.1.5 North America Market Forecasts and Analysis - By Countries
9.1.5.1 United States Market
9.1.5.1.1 United States Market by Component
9.1.5.1.2 United States Market by Application
9.1.5.2 Canada Market
9.1.5.2.1 Canada Market by Component
9.1.5.2.2 Canada Market by Application
9.1.5.3 Mexico Market
9.1.5.3.1 Mexico Market by Component
9.1.5.3.2 Mexico Market by Application
9.2. EUROPE
9.2.1 Europe Electronic Skin Market Overview
9.2.2 Europe Electronic Skin Market Forecasts and Analysis
9.2.3 Europe Market Forecasts and Analysis - By Component
9.2.4 Europe Market Forecasts and Analysis - By Application
9.2.5 Europe Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Market
9.2.5.1.1 Germany Market by Component
9.2.5.1.2 Germany Market by Application
9.2.5.2 France Market
9.2.5.2.1 France Market by Component
9.2.5.2.2 France Market by Application
9.2.5.3 Italy Market
9.2.5.3.1 Italy Market by Component
9.2.5.3.2 Italy Market by Application
9.2.5.4 Spain Market
9.2.5.4.1 Spain Market by Component
9.2.5.4.2 Spain Market by Application
9.2.5.5 United Kingdom Market
9.2.5.5.1 United Kingdom Market by Component
9.2.5.5.2 United Kingdom Market by Application
9.2.5.6 Rest of Europe Market
9.2.5.6.1 Rest of Europe Market by Component
9.2.5.6.2 Rest of Europe Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electronic Skin Market Overview
9.3.2 Asia-Pacific Electronic Skin Market Forecasts and Analysis
9.3.3 Asia-Pacific Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Market
9.3.5.1.1 Australia Market by Component
9.3.5.1.2 Australia Market by Application
9.3.5.2 China Market
9.3.5.2.1 China Market by Component
9.3.5.2.2 China Market by Application
9.3.5.3 India Market
9.3.5.3.1 India Market by Component
9.3.5.3.2 India Market by Application
9.3.5.4 Japan Market
9.3.5.4.1 Japan Market by Component
9.3.5.4.2 Japan Market by Application
9.3.5.5 Rest of Asia-Pacific Market
9.3.5.5.1 Rest of Asia-Pacific Market by Component
9.3.5.5.2 Rest of Asia-Pacific Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electronic Skin Market Overview
9.4.2 Middle East and Africa Electronic Skin Market Forecasts and Analysis
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.5.1 Rest of Middle East and Africa Market
9.4.5.1.1 Rest of Middle East and Africa Market by Component
9.4.5.1.2 Rest of Middle East and Africa Market by Application
9.4.5.2 South Africa Market
9.4.5.2.1 South Africa Market by Component
9.4.5.2.2 South Africa Market by Application
9.4.5.3 Saudi Arabia Market
9.4.5.3.1 Saudi Arabia Market by Component
9.4.5.3.2 Saudi Arabia Market by Application
9.4.5.4 U.A.E Market
9.4.5.4.1 U.A.E Market by Component
9.4.5.4.2 U.A.E Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electronic Skin Market Overview
9.5.2 South and Central America Electronic Skin Market Forecasts and Analysis
9.5.3 South and Central America Market Forecasts and Analysis - By Component
9.5.4 South and Central America Market Forecasts and Analysis - By Application
9.5.5 South and Central America Market Forecasts and Analysis - By Countries
9.5.5.1 Rest of South and Central America Market
9.5.5.1.1 Rest of South and Central America Market by Component
9.5.5.1.2 Rest of South and Central America Market by Application
9.5.5.2 Brazil Market
9.5.5.2.1 Brazil Market by Component
9.5.5.2.2 Brazil Market by Application
9.5.5.3 Rest of South and Central America Market
9.5.5.3.1 Rest of South and Central America Market by Component
9.5.5.3.2 Rest of South and Central America Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRONIC SKIN MARKET, KEY COMPANY PROFILES
11.1. 3M
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DIALOG SEMICONDUCTOR
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. INTELESENS LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KONINKLIJKE PHILIPS N.V.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MC10
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PLASTIC ELECTRONIC GMBH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SMARTLIFE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VIVALNK
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. XENOMA INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XSENSIO
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. 3M
2. Dialog Semiconductor
3. Intelesens Ltd
4. Koninklijke Philips N.V.
5. MC10
6. Plastic Electronic GmbH
7. SMARTLIFE
8. Vivalnk
9. Xenoma Inc.
10. Xsensio
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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