Digital Tattoos Market

Digital Tattoos Market Outlook (2023 to 2033)

A CAGR of 8% is expected for the global digital tattoo market due to the growing demand during the forecast period. It is anticipated to be appraised at USD 4213.4 million by 2023, up from USD 9096.42 million in 2033.

Material science and circuit printing technologies have witnessed increasing developments globally, which is anticipated to expand the digital tattoo market size. However, technical challenges associated with digital tattoos are likely to impede market growth, as the technology is still at its genesis.

On the contrary, through continuous research and development (R&D) activities to continuously develop their products, the key market players are challenging and encouraging each other to exploit the benefits of digital tattoos, which is expected to create lucrative opportunities for market growth.

Report Attribute	Details
Digital Tattoos Market Value (2023)	USD 4213.4 million
Digital Tattoos Market Anticipated Value (2033)	USD 9096.42 million
Digital Tattoos Projected Growth Rate (2033)	8%

A critical technological advancement in the industry is the union of wearable technology with digital tattoos. Moreover, non-display applications include biometric sensor arrays, gesture recognition, and contactless control.

According to the Design Rights Regulations 1989, companies are required to patent their design and fabrication, protected by the Regulations under the Copyright, Design, and Patent Act. Additionally, the usage of digital tattoos in health monitoring devices is anticipated to increase, owing to the rising demand for technologically advanced wearable devices, along with the cumulative awareness of health.

These electronics have had a high application penetration in notebooks, smartphones, desktops, laptops, and e-readers, which is anticipated to propel the demand for digital tattoos. Additionally, features such as fast microsecond on/off pixel switching rates and power efficiency are likely to favourably impact the market share.

ntinuously develop their products, the key market players are challenging and encouraging each other to exploit the benefits of digital tattoos, which is expected to create lucrative opportunities for market growth.

Check Out the Major Drivers Propelling the Digital Tattoos Market

Internet accessibility is growing exponentially around the world, and technological developments in cloud services, 5G, Internet of Things (IoT), blockchain, and Artificial Intelligence (AI) are pivotal factors likely to promote market growth. Furthermore, research and development (R&D) activities, labour productivity, and GDP growth, amongst other transformations of economies, have contributed to the growth of digital tattoos in the ICT sector.

Healthcare experts can monitor and diagnose critical health conditions such as heart arrhythmia, sleep disorders, premature babies' heart activities, and noninvasively brain activities. This is done through the adoption of digital tattoos and the developments in their technology to enable measuring electrical activity from the body more efficiently.

There has been an increasing demand for smart wearable devices. Moreover, in-mould electronics have witnessed significant developments. These factors, along with the ability of digital tattoos to implant or print on body parts and exchange information with only a handshake, are crucial aspects expected to drive the global market growth.

Digital Tattoos Market: The Major Challenges & Opportunities Impacting its Demand

The demand for compact or miniature devices is rapidly increasing, primarily due to technological developments. This is likely to cause issues in production as complications in the circuitry may arise with the development of compact devices.

The initial cost of digital tattoos is high since they are designed and manufactured for specific applications. Furthermore, changes and repairs of digital tattoos are complex since the surface is covered with a protective film which has to be removed and restored after repair, which is a relatively tricky task.

Conversely, digital tattoos offer lower healthcare expenditures which offer promising prospects for patients in the healthcare industry. Additionally, these electronics possess a high potential to improvise the interaction between humans and smart devices since digital tattoos are currently at their budding stage.

How is the Performance of the Europe Digital Tattoos Markets?

Europe currently holds the largest share of the digital tattoos market with a notable revenue of 32.5%. This is owing to the increasing demand for consumer electronics coupled with smart wearables in this region.

National and regional initiatives in countries including the UK, Belgium, the Netherlands, Germany, and Finland are expected to bolster the digital tattoos market size. This is due to the efforts portrayed by an exceptionally wide range of research projects subsidized in this region for the development of this technology.

With a revenue of 28.5%, North America is the second largest digital tattoos market. This is attributed to the strong presence of major market players in this region, as well as a high disposable income of a large population of millennials securing the adoption of digital tattoos.

How Start-Up Companies are Contributing to the Digital Tattoos Market

Digital tattoos have a constant scope for its materials to develop depending on the application. The market includes a variety of products that incorporate a range of modern electronic applications. This allows start-up companies to specialize in research and development (R&D) for digital tattoo materials to meet the growing market demand.

• Dycotec Materials - It is a British company that focuses on the R&D of printed electronics materials and products for a wide range of applications, including sensors, photovoltaics (PV), touchscreens, and more. The company’s custom product development capabilities, as well as other tailored solutions, enable customers to realize their products from prototypes to finished electronics.
• Royole - It is a manufacturer of flexible displays. It offers research, development, and manufacturing services for advanced flexible display products. Its product portfolio includes flexible electronic development kits, flexible displays, digital notebooks, and flexible wearable apparel with digital screens.
• Flexterra Flexible - It develops and manufactures flexible transistors for the semiconductor industry. It uses flexible thin-film transistors technology to provide its proprietary ActivInk materials that have applications in electronics, display devices, etc. It claims that the devices developed from this material will be soft, ambient, and organic.
• Mateprincs - It is a Spanish start-up and a manufacturer of conductive inks. These inks are applicable for various print form factors such as inkjet, flat screen, and offset lithography. Mateprincs produces inks according to the requirements of each application area including inks for displays, sensors, and clothes, among others.
• InkSpace Imaging - It is a USA-based start-up that develops a proprietary process to print lightweight, flexible and customizable MRI coils. Printing coils create a better experience for scanning and ensure high-quality imaging at lower operational costs. Moreover, the printed coils offer patient-specific customizations to further improve the quality of MRI scans.
• Flexosense - It is a Singapore-based start-up that creates a flexible sensor that is embedded within a skin-like elastomer. The start-up’s lightweight, robust, and flexible sensor uses soft materials to produce flexible substrates that take on any shape. In addition, it measures dynamic pressure and strain with adjustable range, precision, accuracy, and resolution. Flexosense offers this sensor to healthcare devices, robotics, and consumer electronics manufacturers.
• Neuroconcise - It is an Irish start-up that develops a neurotechnology platform for recording brain signals using electroencephalography (EEG). The start-up’s wearable technology, FlexEEG, consists of unobtrusive, concealable electronics on a flexible substrate.

Key Developments of the Digital Tattoos Market to Look Out For

Manufacturers in the digital tattoos market share are primarily focusing on the development of efficient flexible electronics and the market is fragmented. The development is likely to be offering technologically innovative products that provide a variety of benefits related to power efficiency and product design.

KEY MARKET PARTICIPANTS OF THE DIGITAL TATTOOS MARKET:

• NewDealDesign - It is a San Francisco-based design studio led by founder and principal designer, Gadi Amit. The studio consists of industrial, graphic, and interaction designers as well as mechanical engineers who help develop new technology products.
• Motorola Corporation - It was an American multinational telecommunications company based in Schaumburg, Illinois, United States. After having lost USD 4.3 billion from 2007 to 2009, the company split into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011.
• Google Inc. - It an American multinational technology company that focuses on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics.
• VivaLnk Inc. - It is a provider of connected healthcare solutions for in-hospital, ambulatory, and remote patient monitoring. The company’s portfolio includes wearable medical sensors and an IoHT platform designed to continuously monitor patient vitals and biometrics in real-time or for retrospective analysis.
• Carre Technologies Inc. - It develops software and devices to monitor and record bio-signals for real-time or delayed analysis. The Company offers audio, video, and biomedical signal processing, algorithm design, and machine learning algorithms for consumer products, medical devices, and sensors.

OTHER MARKET PLAYERS OF THE DIGITAL TATTOOS MARKET

• Microsoft Corporation
• Thinfilm Electronics ASA
• Solar Frontier K.K.
• Samsung Group
• Pragmatic Printing Ltd.
• PARC
• LG Corporation
• GE Measurement & Control Solutions
• 3M
• Cymbet Corporation Inc.

Some of the recent developments in the digital tattoos market are:

• In 2020, Google started working on a smart tattoo project called Skin Marks that, when applied to the skin, transforms the body into a living touchpad via embedded sensors. The product is an effort to create the next generation of wearable technologies.
• In September 2019, OLEDWorks announced the addition of Nadarra Lighting as the newest member of their Channel Partner Program. The Channel Partner Program provides early adopters expanded access to OLEDWorks’ OLED light technology, engineering mindshare, marketing and sales advocacy, and more.
• In June 2019, E Ink Holdings Inc., the leading innovator of electronic ink technology, announced a strategic investment in Plastic Logic HK, the newly formed fabless designer and manufacturer of flexible, glass-free electrophoretic displays (EPDs), focused on Organic TFT (OTFT) technology that is suitable for developing flexible EPD devices for wearables applications.
• In January 2021, Samsung Group launched the Samsung Bespoke 4-Door Flex refrigerator in the US market to cater to a wide variety of household refrigeration needs.
• In January 2021, LG acquired the controlling stake in TV data and measurement firm, ALPHONSO. This will allow the company to provide even more customized services and content to consumers.
• In January 2021, First Solar, Inc. entered into an agreement with Leeward Renewable Energy Development, LLC to sell its US development platform. This acquisition comprises 1.8 GWDC of First Solar modules. The acquisition will help the company to scale, develop, and sell its products.
• Development of Flexible and Stretchable Electronics: To improve the comfort and usability of digital tattoos, researchers and manufacturers are concentrating on developing flexible and stretchable electronic components.
• Digital tattoos can provide precise and real-time health monitoring as well as predictive analytics thanks to the combination of biosensors and machine learning algorithms.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 8% from 2023 to 2033
Base year for estimation	2022
Historical data	2018 to 2022
Forecast period	2023 to 2033
Quantitative units	Revenue in USD million and CAGR from 2023 to 2033
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered	Type, Application, and Region.
Regional scope	North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope	USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled	NewDealDesign, Motorola Corporation, Google Inc., VivaLnk Inc., Carre Technologies Inc., Microsoft Corporation, Thinfilm Electronics ASA, Solar Frontier K.K., Samsung Group, Pragmatic Printing Ltd., PARC, LG Corporation, GE Measurement & Control Solutions, 3M, Cymbet Corporation Inc., etc.
Customization scope	Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

Key Segments Profiled in the Digital Tattoos Market Survey

By Type:

• Nano Tattoo
• Graphene Tattoo
• Living Tattoo

By Application:

• Experiment & Research
• Teaching
• Commercial
• Medical
• Electronic

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

Frequently Asked Questions

What is the 2023 market value?

The 2023 market value is USD 4,213.4 million.

How much will the market expand until 2033?

The market will flourish at an 8% CAGR through 2033.

What is the outlook of the market in Europe?

Europe holds a 32.5% revenue share in the market.

Who are some key market players?

Key players are Microsoft, Samsung and LG Corporation.

What is the 2033 market value?

The market will reach USD 9,096.42 million in 2033.