Electronic Skin Market Size is Estimated to Attain $19.6 Billion By 2027: Grand View Research, Inc

September 29 22:50 2020
Electronic Skin Market Size is Estimated to Attain $19.6 Billion By 2027: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, the global electronic skin market size was valued at USD 4.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 20.5% from 2020 to 2027.

The global Electronic Skin Market size is expected to reach USD 19.6 billion by 2027, expanding at a CAGR of 20.5%, according to a new report by Grand View Research, Inc. The rising number of geriatric population and continuous technological advancements are driving the market. Moreover, in the e-textile area, researchers are using 3D printing to make material that can store and harvest electricity as well as fulfill fashion demand. These players are focusing on the miniaturization of products and continuous technological development. The major players in the industry are investing in research and development activities and are continuously innovating their products.

For Instance, Xenoma is developing an e-skin that monitors fitness and health with printed circuit fabrics. Many researchers are addressing electronic skin due to its relevant application in robotics and biomedical system. Thin soft sensors that stick onto the skin are transforming healthcare. The data they collect is fed into a machine-learning algorithm to monitor spot abnormalities and tract treatment. These sensors can track biological and physiological signals such as breathing, motion, temperature, and cardiac rhythms.

Many players in the industry are commercializing soft biosensors system that measures clinical data continuously. These electronic skins can monitor electric pulses from the heart and are more effective than the intermittent hospital’s check-ups. The increasing number of diabetes patients and rising awareness about self-monitoring are also increasing the demands. According to the International Diabetes Federation, the number of people with diabetes is expected to reach 700 million by 2045.

Electronic Skin Market

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Electronic Skin Market Report Highlights

  • North America captured the largest share in 2019 owing to the factors such as the presence of a large number of market players and high adoption rate
  • By product type, electronic patches dominated the market owing to rising awareness about self-monitoring in healthcare
  • By component, stretchable circuits dominated the market owing to its high use in various application of healthcare and e-textile
  • Based on sensors, the tactile sensors segment is expected to witness the fastest CAGR over the forecast period owing to the high adoption rate in the field of robotics, machine learning, and physiological monitoring
  • Based on application, the drug delivery system segment is expected to grow at the fastest pace owing to increasing diabetes patients
  • Key players are focusing on the miniaturization of products and continuous technological development

global electronic skin market size

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Electronic Skin Market Segmentation

Grand View Research has segmented the global electronic skin market based on product, component, sensors, application, and region:

Electronic Skin Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Electronic skin suits
  • Electronic patches

Electronic Skin Component Outlook (Revenue, USD Million, 2016 – 2027)

  • Stretchable circuits
  • Photovoltaic systems
  • Stretchable conductors
  • Electroactive polymers

Electronic Skin Sensors Outlook (Revenue, USD Million, 2016 – 2027)

  • Tactile sensors
  • Chemical sectors
  • Electrophysiological Sensors
  • Others

Electronic Skin Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Health monitoring systems
  • Drug delivery systems
  • Cosmetics

Electronic Skin Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

List of Key Players of Electronic Skin Market

  • MC10
  • Xenoma
  • VivaLNK
  • GENTAG, Inc
  • DIALOG Semiconductors
  • Bloomlife

Browse Related Reports @

Skin Resurfacing Market: https://www.grandviewresearch.com/industry-analysis/skin-resurfacing-market

Skincare Devices Market: https://www.grandviewresearch.com/industry-analysis/skincare-devices-market 

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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