Industry Analysis of Electronic Skin in Korea

Q: Who are the Electronic Skin Companies in Korea?

The key players are Neofect, Yuyan Tech, and Amorepacific. Read Report

Q: What is the Projected Growth Rate for Electronic Skin Industry in Korea?

Projected CAGR for electronic skin in Korea is 32.3%. Read Report

Outlook for Electronic Skin in Korea from (2023 to 2033)

In 2023, electronic skin adoption is poised to take center stage in Korea, projected to reach a valuation of US$ 5.2 million. The South Korean electronic dermatology industry has been driven by a pioneering spirit, leading to significant advancements in electronic skin technology. This concentration of expertise has accelerated the growth of Seoul's E-skin Industry. This demand has spurred e-skin industry research and development in South Korea. The e-skin industry forecast in South Korea indicates a growing industry size, driven by increasing consumer awareness and technological advancements. Consequently, the projected demand for electronic skin in Korea is anticipated to reach a substantial US$ 29.6 million by 2033, demonstrating an extraordinary CAGR of 32.3%.

Growing Sales Prospects for Electronic Skin in Korea

The research and development of advanced artificial skin in Korea, capable of multitasking sensory functions, is driving sales growth.
There has been a notable surge in demand for electronic skin products in South Korea, driven by a growing awareness of their potential applications in healthcare and robotics.
Electronic tattoo technology in Seoul has emerged as a hub for electronic tattoo technology, with numerous startups dedicated to developing innovative applications.
E-skin market trends in Busan, Incheon, and other South Korean cities are on the rise, indicating a broadening reach beyond Seoul.
Electronic skin devices in South Korea have witnessed a surge in the availability of smart patches and wearable sensors, from fitness tracking to advanced health monitoring.

Attributes	Details
Industry size of Korea in 2023	US$ 5.2 million
Expected Industry Size of Korea by 2033	US$ 29.6 million
Forecasted CAGR between 2023 to 2033	32.3%

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Electronic Skin Trends and Projections in South Korea

Seoul's e-skin industry research clusters are highly focused on electronic skin, where academia, industry, and government collaborate to drive innovation. These clusters foster an environment conducive to breakthroughs in electronic skin technology.
With South Korea electronic skin innovation and Daegu's advanced skin sensors, there are vast opportunities for industry expansion both domestically and internationally.
E-skin sensors for medical applications in South Korea are facilitating remote patient monitoring and early disease detection.
E-skin technology holds immense potential in fields such as robotics, biomedicine, and artificial prosthetics, creating new avenues for commercial applications.
E-tattoo technology in South Korea is gaining popularity as fashion statements and devices for monitoring health metrics.
E-skin applications in South Korean healthcare, like telemedicine and rehabilitation, are revolutionizing patient care by enabling remote monitoring and personalized treatment.

Category-wise Insights

Stretchable Circuits Pave the Way for Next-gen Wearable Electronic in Korea

Stretchable circuits are preferred in the Korea e-skin sector largely because of their exceptional capacity to adapt to the flexible and dynamic properties of human skin. This feature is essential for developing wearable electronic devices that can easily conform to the curves of the body. It enables a more inconspicuous and natural user experience.

Electronic Skin in Korea based on Component	Stretchable Circuits
Value CAGR from 2023 to 2033	28.2%

The combination of stretchy circuits with a wide range of sensors, including pressure, temperature, and biofeedback sensors, primarily fuels demand for e-skin. This dynamic adaptability opens up a wide range of applications, encompassing important industries, including robotics, virtual reality, and prosthetics.

In order to endure the mechanical strains brought on by movement and distortion, stretchy circuits can incorporate specific materials and components. Traditional, inflexible circuits are inadequate for this task since they can be burdensome and vulnerable to breakage. As a result, the demand for stretchable electronic skin circuits is increasing rapidly.

E-skin Technology Transforms Healthcare Monitoring for Korea's Aging Population

Since e-skin offers a novel method of patient health monitoring, demand for it in Korea’s healthcare sector is rising significantly. Vital indicators, including temperature, heart rate, and blood pressure, can be comfortably and continuously monitored because of their flexible, thin, and lightweight design. Healthcare personnel can immediately intervene and modify patient treatment owing to this real-time data, which improves results.

Electronic Skin in Korea based on Application	Healthcare
Value CAGR from 2023 to 2033	32.4%

The growing demand for e-skin is being driven by Korea's aging population. E-skin offers a non-invasive and practical option for the increasing number of older people who require ongoing healthcare monitoring. Both patients and caregivers find it to be a desirable alternative due to its ease of integration into everyday life.

Both healthcare professionals and researchers are interested in e-skin technology because of its revolutionary character. Beyond vital sign monitoring, e-skin has potential uses in wound care, artificial limbs, and rehabilitation. This adaptability has aroused interest in the healthcare sector and increased demand.

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Competitive Landscape

A dynamic interplay between research institutes, start-ups, and established firms defines the competitive landscape for electronic skin technology in Korea. Research institutions like KAIST and Seoul National University have been at the forefront, utilizing their knowledge of flexible electronics and materials science. Corporate research divisions have also been crucial in promoting innovation in this field, notably those of top technological conglomerates. This ecosystem supports a dynamic environment for electronic skin development in Korea by supporting partnerships, multidisciplinary methods, and a culture of ongoing inquiry.

Recent Developments

In February 2022, an electronic skin that can detect sensitivity like human skin was created by a research team from Pohang University of Science and Technology in South Korea and the Ulsan National Institute of Science and Technology.
In August 2022, the first chip-less wireless wearable electronic skin that is sweatproof and can constantly track modifications to the skin over extended periods of time was formed by Amorepacific in partnership with Professor Kim Jeehwan at MIT. The primary outcome is the creation of an adaptable electronic skin in the form of a permeable patch, which is made possible by epitaxial freestanding compound semiconductors.
In October 2022, an electronic skin that can sense pressure with greater accuracy and a bigger measuring surface than human skin was made by the Korea Advanced Institute of Science and Technology (KAIST).

Some of the Key Players with Electronic Skin in Korea

Neofect
Yuyan Tech
Amorepacific
LG Electronic
Samsung Electronic
MC10 Korea
Laxcen
Hexoskin
Amkiri
MetaSkin

Scope of the Report

Attribute	Details
Estimated Valuation (2023)	US$ 5.2 million
Projected Valuation (2033)	US$ 29.6 million
Anticipated CAGR (2023 to 2033)	32.3% CAGR
Historical Analysis of Demand for Electronic Skin in Korea	2018 to 2022
Demand Forecast for Electronic Skin in Korea	2023 to 2033
Quantitative Units	Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Key Companies Profiled	Neofect; Yuyan Tech; Amorepacific; LG Electronic; Samsung Electronic; MC10 Korea; Laxcen; Hexoskin; Amkiri; MetaSkin

Key Segments Covered in Korea Electronic Skin Industry Survey

By Component:

Stretchable Circuits
Stretchable Conductors
Electr-active Polymers
Photovoltaics
Others

By Application:

Consumer Electronic
Automotive
Healthcare
Telecommunication
Retail
Aerospace & Defense
Others

Frequently Asked Questions

Who are the Electronic Skin Companies in Korea?

The key players are Neofect, Yuyan Tech, and Amorepacific.

How Big will be the Electronic Skin Industry in Korea?

The Korea electronic skin industry is likely to record a demand worth US$ 29.6 million by 2033.

What is the Projected Growth Rate for Electronic Skin Industry in Korea?

Projected CAGR for electronic skin in Korea is 32.3%.

What is the Electronic Skin Strategy of Players in Korea?

Industry players in Korea emphasize innovation, partnerships, and user-centric design in electronic skin.

Which is the Popular Electronic Skin Component in Korea?

Stretchable circuits are a popular electronic skin component in Korea.

Table of Content

1. Executive Summary

1.1. Korea Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.7. Regional Parent Market Outlook

4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Component

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033

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. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033

6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022

6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033

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. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

7.1. Introduction

7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

7.3.1. South Gyeongsang

7.3.2. North Jeolla

7.3.3. South Jeolla

7.3.4. Jeju

7.3.5. Rest of Korea

7.4. Market Attractiveness Analysis By Region

8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

8.2.1. By Component

8.2.2. By Application

8.3. Market Attractiveness Analysis

8.3.1. By Component

8.3.2. By Application

8.4. Key Takeaways

9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

9.2.1. By Component

9.2.2. By Application

9.3. Market Attractiveness Analysis

9.3.1. By Component

9.3.2. By Application

9.4. Key Takeaways

10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

10.2.1. By Component

10.2.2. By Application

10.3. Market Attractiveness Analysis

10.3.1. By Component

10.3.2. By Application

10.4. Key Takeaways

11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

11.2.1. By Component

11.2.2. By Application

11.3. Market Attractiveness Analysis

11.3.1. By Component

11.3.2. By Application

11.4. Key Takeaways

12. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

12.2.1. By Component

12.2.2. By Application

12.3. Market Attractiveness Analysis

12.3.1. By Component

12.3.2. By Application

12.4. Key Takeaways

13. Market Structure Analysis

13.1. Competition Dashboard

13.2. Competition Benchmarking

13.3. Market Share Analysis of Top Players

13.3.1. By Regional

13.3.2. By Component

13.3.3. By Application

14. Competition Analysis

14.1. Competition Deep Dive

14.1.1. MC10

14.1.1.1. Overview

14.1.1.2. Product Portfolio

14.1.1.3. Profitability by Market Segments

14.1.1.4. Sales Footprint

14.1.1.5. Strategy Overview

14.1.1.5.1. Marketing Strategy

14.1.2. Physical Optics Corporation

14.1.2.1. Overview

14.1.2.2. Product Portfolio

14.1.2.3. Profitability by Market Segments

14.1.2.4. Sales Footprint

14.1.2.5. Strategy Overview

14.1.2.5.1. Marketing Strategy

14.1.3. Dialog Semiconductor

14.1.3.1. Overview

14.1.3.2. Product Portfolio

14.1.3.3. Profitability by Market Segments

14.1.3.4. Sales Footprint

14.1.3.5. Strategy Overview

14.1.3.5.1. Marketing Strategy

14.1.4. Intelesens Ltd.

14.1.4.1. Overview

14.1.4.2. Product Portfolio

14.1.4.3. Profitability by Market Segments

14.1.4.4. Sales Footprint

14.1.4.5. Strategy Overview

14.1.4.5.1. Marketing Strategy

14.1.5. 3M

14.1.5.1. Overview

14.1.5.2. Product Portfolio

14.1.5.3. Profitability by Market Segments

14.1.5.4. Sales Footprint

14.1.5.5. Strategy Overview

14.1.5.5.1. Marketing Strategy

14.1.6. Koninklijke Philips N.V.

14.1.6.1. Overview

14.1.6.2. Product Portfolio

14.1.6.3. Profitability by Market Segments

14.1.6.4. Sales Footprint

14.1.6.5. Strategy Overview

14.1.6.5.1. Marketing Strategy

14.1.7. Plastic Electronics GmbH

14.1.7.1. Overview

14.1.7.2. Product Portfolio

14.1.7.3. Profitability by Market Segments

14.1.7.4. Sales Footprint

14.1.7.5. Strategy Overview

14.1.7.5.1. Marketing Strategy

14.1.8. ROTEX Global

14.1.8.1. Overview

14.1.8.2. Product Portfolio

14.1.8.3. Profitability by Market Segments

14.1.8.4. Sales Footprint

14.1.8.5. Strategy Overview

14.1.8.5.1. Marketing Strategy

14.1.9. SMARTLIFEINC LIMITED

14.1.9.1. Overview

14.1.9.2. Product Portfolio

14.1.9.3. Profitability by Market Segments

14.1.9.4. Sales Footprint

14.1.9.5. Strategy Overview

14.1.9.5.1. Marketing Strategy

14.1.10. VivaLNK

14.1.10.1. Overview

14.1.10.2. Product Portfolio

14.1.10.3. Profitability by Market Segments

14.1.10.4. Sales Footprint

14.1.10.5. Strategy Overview

14.1.10.5.1. Marketing Strategy

14.1.11. Xenoma

14.1.11.1. Overview

14.1.11.2. Product Portfolio

14.1.11.3. Profitability by Market Segments

14.1.11.4. Sales Footprint

14.1.11.5. Strategy Overview

14.1.11.5.1. Marketing Strategy

14.1.12. Xsensio

14.1.12.1. Overview

14.1.12.2. Product Portfolio

14.1.12.3. Profitability by Market Segments

14.1.12.4. Sales Footprint

14.1.12.5. Strategy Overview

14.1.12.5.1. Marketing Strategy

15. Assumptions & Acronyms Used

16. Research Methodology