The global demand for Electronic Skin Market is presumed to reach the market size of nearly USD 7.13 MN by 2028 from USD 0.44 MN in 2021 with a CAGR of 48.7% under the study period 2022 - 2028.
Electronic skin refers to flexible and self-healing devices consisting of a stretchable network of sensors and electronics that replicate human or animal skin. It possesses flexible and stretchable mechanical properties and the ability to self-heal. The self-healing abilities of electronic skin are generally achieved with the help of a polymer-based material or a hybrid material. The tiny electronic wires allow the skin to generate impulses similar to that of the body's nervous system. It also provides the capabilities of human skin to respond to different environmental factors. It is used for several applications such as prosthetics, artificial intelligence, soft robotics, health monitoring devices etc.
Market Dynamics
The key factor driving the demand for the electronic skin market is the widespread adoption of electronic wearable devices, robotics and prosthetics among the masses. Its advantages, such as flexibility and self-healing, are another factor contributing to the growth of this market. Rising improvements in the healthcare infrastructure and the adoption of better as well as periodic health monitoring systems, especially in the developing economies, are propelling the demand for this market. Increasing research and development activities and growing investment in the development of robotics technology are expanding the demand for this market. Moreover, continuous advancements in the field of electronic skin, an increasing number of product launches and speedy FDA approvals are boosting the growth of this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electronic skin. The growth and trends of electronic skin industry provide a holistic approach to this study.
Market Segmentation
This section of the electronic skin market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Personal Healthcare Monitoring
- Wearable Technology
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electronic Skin market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electronic Skin Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electronic skin market include MC10, Xensio, Rotex Inc. Intelesens ltd, Immageryworks Pty Ltd, Dialog Devices Limited, SmartLifeinc Limited, Xenoma Inc., Plastic electronic GmbH, and VivaLnK, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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