Electronic Skin Market

Global Electronic Skin Market

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Raksha

Author :

Raksha Sharma

Amulya

Fact-checked by :

Amulya Agarwal

Shruti

Editor :

Shruti Bhat

The global electronic skin market was valued at USD 4.5 billion in 2019. The market is projected to expand at a CAGR of 20.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to self-healing and flexibility of electronic components.

Electronic skin is a thin and flexible membrane in which electronic components with sensory functions are embedded. Artificial skin technology mimics human/animal skin, due to which electronic skin responds appropriately to environmental stimuli such as changes in pressure, temperature, airflow, heat, and humidity.

Global Electronic Skin Market Taxonomy

Electronic device housing includes the use of built-in sensors to track changes in the environment. This feature demonstrated by electronic skin technology aroused the interest of wearable devices and medical device manufacturers. Health monitoring electronic skin is expected to be widely used in various industries such as healthcare, industrial & residential robotics, and prosthetics in the next few years.

Following are the advantages of electronic skin

  • By using tiny wires, the skin generates pulses similar to the body's nervous system.
  • Electronic skin makes the robot sensitive.
  • Helps the body adapt after transplantation.
  • Advancement in medical equipment.

Market Trends, Drivers, Restraints, and Opportunities

  • Demand for electronic skin is increasing, due to its benefits such as skin healing, sensitivity, and flexibility, which is a major driving force for the market.
  • Continuous advancement of technology and increasing investment in R&D are expected to drive the market during the forecast period.
  • Electronic skin mimics human senses, hence it is widely used in health monitoring technology.
  • Rising awareness about electronic skin technology in the healthcare sector is estimated to drive the market during the forecast period.
  • Rising expenditure on advanced wearable devices and increasing investment on robotics technology are expected to drive the market during the forecast period.
  • Complex designing is expected to restrain the market growth.
  • High costs related to maintenance and others of electric skin hampers the market growth.
  • Material degradation is expected to restrain the market during the forecast period.

Scope of Electronic Skin Market Report

The report on the global electronic skin market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Electronic Skin Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Overall period

2018–2028

Segmentation

Products (Electric skin suit and Electronic patches), Components (Stretchable circuits, Photovoltaics system, Stretchable conductors, and Electro-active polymers), Applications (Health monitoring systems, Drug delivery system, Cosmetics, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

MC10, Xenoma Inc., VivaLNK, Inc., CIPHER SKIN INC., Insulet Corporation, and iRhythm Technologies, Inc.

Electronic Skin Market Segment Insights

Based on products, the market is divided into electric skin suit, and electronic patches. The electronic patches segment is anticipated to dominate the market during the forecast period, owing to its increasing demand. Electronic patches are used for motion sensing, temperature sensing, and self-monitoring of diabetes.

On the basis of components, the market is segregated into stretchable circuits, photovoltaics system, stretchable conductors, and electro-active polymers. Stretchable conductors and stretchable circuits together hold more than half of the total sales in the electronics market. Continuous advancement of Micro Electro-mechanical Systems (MEMS) technology led to the miniaturization of electromechanical components and mechanical devices by using microfabrication technology. These advances in MEMS technology enable multifunctional semiconductors to be integrated on a single flexible substrate. Various electronic coating solutions are expected to drive the global electronic coating market during the forecast period.

In terms of applications, the market is categorized into health monitoring systems, drug delivery system, cosmetics, and others. The healthcare monitoring systems segment is anticipated to dominate the market during the forecast period, as awareness about electronic skin technology is increasing. Furthermore, the threat of chronic or other diseases such as cancer, heart disease, and diabetes among ageing population is expected to increase the adoption rate of remote health monitoring systems.

Based on regions, the global electronic skin market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Regions such as North America and Western Europe are expected to dominate the world market during the forecast period, due to the strong presence of electronic skin technology. The market in China is expected to show rapid growth during the forecast period, due to massive investment in the research sector in the country.

Segments

The global electronic skin market has been segmented on the basis of:

Products

  • Electric skin suit
  • Electronic patches

Components

  • Stretchable circuits
  • Photovoltaics system
  • Stretchable conductors
  • Electro-active polymers

Applications

  • Health monitoring systems
  • Drug delivery systems
  • Cosmetics
  • Others

Regions

  • Latin America
  • Europe
  • Asia-Pacific
  • North America
  • Middle East and Africa

Key Players

Competitive Landscape

Key market players are actively participating in research and technology development of electronic skin products. Advanced technology enables the healthcare industry to monitor the health of patients through electronic skin. These players are involved in growth strategies such as product approvals, product launches, partnerships, acquisitions, and collaborations. Key players in the global electronic skin market include MC10, Xenoma Inc., VivaLNK, Inc., CIPHER SKIN INC., Insulet Corporation, and iRhythm Technologies, Inc.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electronic Skin Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electronic Skin Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electronic Skin Market - Supply Chain
  4.5. Global Electronic Skin Market Forecast
     4.5.1. Electronic Skin Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electronic Skin Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Electronic Skin Market Absolute $ Opportunity
5. Global Electronic Skin Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Electronic Skin Market Size and Volume Forecast by Types
     5.3.1. Electric skin suit
     5.3.2. Electronic patches
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Electronic Skin Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Electronic Skin Market Size and Volume Forecast by Applications
     6.3.1. Health monitoring systems
     6.3.2. Drug delivery systems
     6.3.3. Cosmetics
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Electronic Skin Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Electronic Skin Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Electronic Skin Demand Share Forecast, 2019-2026
8. North America Electronic Skin Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Electronic Skin Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Electronic Skin Market Size and Volume Forecast by Types
     8.4.1. Electric skin suit
     8.4.2. Electronic patches
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Electronic Skin Market Size and Volume Forecast by Applications
     8.7.1. Health monitoring systems
     8.7.2. Drug delivery systems
     8.7.3. Cosmetics
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Electronic Skin Demand Share Forecast, 2019-2026
9. Latin America Electronic Skin Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Electronic Skin Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Electronic Skin Market Size and Volume Forecast by Types
     9.4.1. Electric skin suit
     9.4.2. Electronic patches
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Electronic Skin Market Size and Volume Forecast by Applications
     9.7.1. Health monitoring systems
     9.7.2. Drug delivery systems
     9.7.3. Cosmetics
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Electronic Skin Demand Share Forecast, 2019-2026
10. Europe Electronic Skin Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Electronic Skin Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Electronic Skin Market Size and Volume Forecast by Types
     10.4.1. Electric skin suit
     10.4.2. Electronic patches
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Electronic Skin Market Size and Volume Forecast by Applications
     10.7.1. Health monitoring systems
     10.7.2. Drug delivery systems
     10.7.3. Cosmetics
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Electronic Skin Demand Share Forecast, 2019-2026
11. Asia Pacific Electronic Skin Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Electronic Skin Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Electronic Skin Market Size and Volume Forecast by Types
     11.4.1. Electric skin suit
     11.4.2. Electronic patches
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Electronic Skin Market Size and Volume Forecast by Applications
     11.7.1. Health monitoring systems
     11.7.2. Drug delivery systems
     11.7.3. Cosmetics
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Electronic Skin Demand Share Forecast, 2019-2026
12. Middle East & Africa Electronic Skin Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Electronic Skin Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Electronic Skin Market Size and Volume Forecast by Types
     12.4.1. Electric skin suit
     12.4.2. Electronic patches
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Electronic Skin Market Size and Volume Forecast by Applications
     12.7.1. Health monitoring systems
     12.7.2. Drug delivery systems
     12.7.3. Cosmetics
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Electronic Skin Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Electronic Skin Market: Market Share Analysis
  13.2. Electronic Skin Distributors and Customers
  13.3. Electronic Skin Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. MC10
     13.4.2. Xenoma Inc.
     13.4.3. VivaLNK Inc.
     13.4.4. CIPHER SKIN INC.
     13.4.5. Insulet Corporation
     13.4.6. iRhythm Technologies Inc.

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