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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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.
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.
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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.
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.
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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.
The electronic skin market is predicted to grow at 20.3% CAGR through 2032.
North America electronic skin market holds the highest revenue potential.
The electronic skin market size is anticipated to be over USD 7.83 Billion in 2022.
The electronic skin market is expected to surpass USD 49.74 Billion by 2032.
1. Executive Summary 2. Market Introduction 3. Market Background 4. Market Forecast 5. Global Market Analysis by Component 5.1. Stretchable Circuits 5.2. Stretchable Conductors 5.3. Electro-active Polymers 5.4. Photovoltaics 5.5. Others 6. Global Market Analysis by Application 6.1. Consumer Electronics 6.2. Automotive 6.3. Healthcare 6.4. Telecommunication 6.5. Retail 6.6. Aerospace & Defense 6.7. Others 7. Global Market Analysis by Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. SEA and Others of APAC 7.6. China 7.7. Japan 7.8. Middle East and Africa 8. North America Market Analysis 9. Latin America Market Analysis 10. Western Europe Market Analysis 11. Eastern Europe Market Analysis 12. SEA and Other APAC Market Analysis 13. China Market Analysis 14. Japan Market Analysis 15. Middle East and Africa Market Analysis 16. Competition and Market Structure Analysis 17. Competition Deep Dive 17.1. Koninklijke Philips N.V. 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
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Electronic Skin Market
