Industry Analysis of Electronic Skin in Korea

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 USD 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 USD 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	USD 5.2 million
Expected Industry Size of Korea by 2033	USD 29.6 million
Forecasted CAGR between 2023 to 2033	32.3%

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.

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)	USD 5.2 million
Projected Valuation (2033)	USD 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 USD 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

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
• 5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Component
  • 5.1. Stretchable Circuits
  • 5.2. Stretchable Conductors
  • 5.3. Electro-active Polymers
  • 5.4. Photovoltaics
  • 5.5. Others
• 6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, 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. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 7.1. South Gyeongsang
  • 7.2. North Jeolla
  • 7.3. South Jeolla
  • 7.4. Jeju
  • 7.5. Rest of Korea
• 8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 12. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
• 13. Market Structure Analysis
• 14. Competition Analysis
  • 14.1. MC10
  • 14.2. Physical Optics Corporation
  • 14.3. Dialog Semiconductor
  • 14.4. Intelesens Ltd.
  • 14.5. 3M
  • 14.6. Koninklijke Philips N.V.
  • 14.7. Plastic Electronics GmbH
  • 14.8. ROTEX Global
  • 14.9. SMARTLIFEINC LIMITED
  • 14.10. VivaLNK
  • 14.11. Xenoma
  • 14.12. Xsensio
• 15. Assumptions & Acronyms Used
• 16. Research Methodology