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Electronic Skin Market by Product Type, Sensor Type, Component, Application - Global Forecast 2025-2030

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    Report

  • 184 Pages
  • October 2024
  • Region: Global
  • 360iResearch™
  • ID: 5337268
UP TO OFF until Dec 31st 2024
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The Electronic Skin Market grew from USD 1.00 billion in 2023 to USD 1.22 billion in 2024. It is expected to continue growing at a CAGR of 21.32%, reaching USD 3.90 billion by 2030.

Electronic skin, often referred to as e-skin, is a flexible, wearable technology that mimics the properties and functionalities of human skin, such as sensing pressure, temperature, and humidity. The necessity of electronic skin arises from its vast potential applications in healthcare, robotics, prosthetics, and wearable technology, providing advanced monitoring and interaction capabilities. In healthcare, e-skin can be applied in patient monitoring systems and prosthetics to enhance human-computer interaction and improve patient outcomes. Key end-use sectors include medical facilities, research institutions, tech companies, and the aerospace industry. Market growth is primarily driven by advancements in nanotechnology, flexible electronics, and rising demand for wearable devices that offer real-time health diagnostics. The increasing focus on personalized medicine and the growing adoption of human-machine interfaces in robotics present immense opportunities for expansion. Companies should focus on adhering to stringent regulatory standards and advancing material science to enhance functionality and durability.

However, limitations include high production costs, challenges in large-scale manufacturing, and issues related to power efficiency and data privacy, which are significant hurdles for widespread adoption. The high technical expertise required for development and the quick pace of technological change also pose challenges. Best areas for innovation include developing biodegradable e-skin for sustainable use, improving the integration of artificial intelligence to synthesizing sensors data more efficiently, and enhancing self-healing properties to increase longevity. Companies should explore partnerships with research institutes and tech companies to accelerate innovation and market penetration. The e-skin market is dynamic and highly competitive, characterized by rapid technological advancements and a focus on continuous improvement and innovation. By addressing these challenges and leveraging technological advancements, companies can capitalize on potential opportunities, positioning themselves as leaders in the nascent yet promising e-skin industry.

Understanding Market Dynamics in the Electronic Skin Market

The Electronic Skin Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.
  • Market Drivers
    • Adoption of remote monitoring applications with the help of wearable devices
    • Need for better & periodic health monitoring system across healthcare
    • Growing investments in robotics technology
  • Market Restraints
    • High-cost associated with the device and research & development
  • Market Opportunities
    • Rising awareness regarding electronic skin technology in the healthcare sector
    • Technological advancements in microelectronics technology
  • Market Challenges
    • Complexities associated with the designing & material degradation

Exploring Porter’s Five Forces for the Electronic Skin Market

Porter’s Five Forces framework further strengthens the insights of the Electronic Skin Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.

Applying PESTLE Analysis to the Electronic Skin Market

External macro-environmental factors deeply influence the performance of the Electronic Skin Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.

Analyzing Market Share in the Electronic Skin Market

The Electronic Skin Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.

Evaluating Vendor Success with the FPNV Positioning Matrix in the Electronic Skin Market

The Electronic Skin Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.

Strategic Recommendations for Success in the Electronic Skin Market

The Electronic Skin Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.

Key Company Profiles

The report delves into recent significant developments in the Electronic Skin Market, highlighting leading vendors and their innovative profiles. These include Dialog Semiconductor PLC, iRhytm Technologies, MC10, Mercury Systems Inc., Plastic Electronics GMBH, Quad Industries, Rotex Inc., VivaLnk, Inc., Xenoma Inc., and Xsensio.

Market Segmentation & Coverage

This research report categorizes the Electronic Skin Market to forecast the revenues and analyze trends in each of the following sub-markets:
  • Product Type
    • Electronic Patches
    • Electronic Skinsuit
  • Sensor Type
    • Chemical Sensors
    • Electrophysiological Sensors
    • Tactile Sensors
  • Component
    • Electr-Active Polymers
    • Photovoltaics
    • Stretchable Circuits
    • Stretchable Conductors
  • Application
    • Cosmetics
    • Drug Delivery Devices
    • Health Monitoring Systems
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report provides a detailed overview of the market, exploring several key areas:

  1. Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
  2. Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
  3. Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
  4. Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
  5. Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current size of the market, and how is it expected to grow?
  2. Which products, segments, and regions present the most attractive investment opportunities?
  3. What are the prevailing technology trends and regulatory factors influencing the market?
  4. How do top vendors rank regarding market share and competitive positioning?
  5. What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report

Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electronic Skin Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Adoption of remote monitoring applications with the help of wearable devices
5.1.1.2. Need for better & periodic health monitoring system across healthcare
5.1.1.3. Growing investments in robotics technology
5.1.2. Restraints
5.1.2.1. High-cost associated with the device and research & development
5.1.3. Opportunities
5.1.3.1. Rising awareness regarding electronic skin technology in the healthcare sector
5.1.3.2. Technological advancements in microelectronics technology
5.1.4. Challenges
5.1.4.1. Complexities associated with the designing & material degradation
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electronic Skin Market, by Product Type
6.1. Introduction
6.2. Electronic Patches
6.3. Electronic Skinsuit
7. Electronic Skin Market, by Sensor Type
7.1. Introduction
7.2. Chemical Sensors
7.3. Electrophysiological Sensors
7.4. Tactile Sensors
8. Electronic Skin Market, by Component
8.1. Introduction
8.2. Electr-Active Polymers
8.3. Photovoltaics
8.4. Stretchable Circuits
8.5. Stretchable Conductors
9. Electronic Skin Market, by Application
9.1. Introduction
9.2. Cosmetics
9.3. Drug Delivery Devices
9.4. Health Monitoring Systems
10. Americas Electronic Skin Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Electronic Skin Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Electronic Skin Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Dialog Semiconductor PLC
14.1.2. iRhytm Technologies
14.1.3. MC10
14.1.4. Mercury Systems Inc.
14.1.5. Plastic Electronics GMBH
14.1.6. Quad Industries
14.1.7. Rotex Inc.
14.1.8. VivaLnk, Inc.
14.1.9. Xenoma Inc.
14.1.10. Xsensio
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. ELECTRONIC SKIN MARKET RESEARCH PROCESS
FIGURE 2. ELECTRONIC SKIN MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTRONIC SKIN MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTRONIC SKIN MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTRONIC SKIN MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTRONIC SKIN MARKET DYNAMICS
FIGURE 7. ELECTRONIC SKIN MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2030 (%)
FIGURE 8. ELECTRONIC SKIN MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTRONIC SKIN MARKET SIZE, BY SENSOR TYPE, 2023 VS 2030 (%)
FIGURE 10. ELECTRONIC SKIN MARKET SIZE, BY SENSOR TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTRONIC SKIN MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 12. ELECTRONIC SKIN MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. ELECTRONIC SKIN MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. ELECTRONIC SKIN MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS ELECTRONIC SKIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS ELECTRONIC SKIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES ELECTRONIC SKIN MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES ELECTRONIC SKIN MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC ELECTRONIC SKIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC ELECTRONIC SKIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA ELECTRONIC SKIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA ELECTRONIC SKIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. ELECTRONIC SKIN MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. ELECTRONIC SKIN MARKET SHARE, BY KEY PLAYER, 2023

Companies Mentioned

The leading players in the Electronic Skin Market, which are profiled in this report, include:
  • Dialog Semiconductor PLC
  • iRhytm Technologies
  • MC10
  • Mercury Systems Inc.
  • Plastic Electronics GMBH
  • Quad Industries
  • Rotex Inc.
  • VivaLnk, Inc.
  • Xenoma Inc.
  • Xsensio

Methodology

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Table Information