According to the most recent analysis by Emergen Research, the size of the worldwide e-skin market reached USD 6.3 billion in 2021 and is anticipated to grow at a revenue CAGR of 21.1% over the projected period. Rising interest in health monitoring, drug delivery, and therapeutic applications coupled with 3D printing, artificial intelligence, and rising investments in Research & Development (R&D) by market participants are factors anticipated to promote market revenue growth between 2021 and 2030. Electronic skins, also known as e-skins, are artificial skins with several sensing functions that can be used in a variety of contexts, including wearable technology, intelligent robotics, and other areas.
Artificial skin has numerous uses in health monitoring technology since it closely resembles human sensing skills. Some of the key characteristics that set human skin apart from other wearable technology include its sensitivity and elasticity. The market is growing as a result of the rising number of product releases and the quick FDA approvals. For instance, MC10, Inc.’s BioStamp nPoint system was approved by the FDA in May 2018. Additionally, the market is being driven by developments in electronic skin technology.
A platform for real-time and continuous monitoring of human physiological signals, including as body temperature, tissue pressure, electrolyte balance, disease-related biomarkers, and body motion, is provided by wearable electronic devices with skin-like qualities. Self-healing, lightning, and sweating electronic skin are just a few of the advancements that are likely to hit the market.
Growing artificial skin research and development is also fueling market expansion. Researchers in Korea have created multitasking skin that behaves like human skin and can concurrently feel pressure, temperature, and sound. To mimic the olfactory, taste, and tactile senses, scientists are always doing study. Additionally, the use of electronic skin in robotic, biomedical, and artificial prosthetic systems is opening up new commercial opportunities.
The introduction of 3D printing and artificial intelligence has sparked interest in the fields of medicinal usage, drug delivery, and health monitoring. The use of electronic skin is becoming more widely accepted for a variety of purposes, including identifying abnormalities and pregnancy as well as cardiovascular disease and diabetes. These technologies are the subject of numerous current studies, particularly when used in tandem.
Some Key Highlights From the Report
During the projected period, the electronic suits segment is anticipated to develop at the fastest rate. Products with combined textile and electronic components are known as electronic textiles. Since textiles are constantly in contact with humans, they make a great interface for attaching sensors to the body. If the action of the electronic suit is based on feedback pressure and temperature coming from the body, then it is a very practical and efficient solution for patient monitoring. Additionally, the market for electronic skin suits is currently migrating from healthcare to sports.
The market for photovoltaic systems is anticipated to expand quickly over the forecast period. Due to their superior efficiency and effectiveness compared to conventional patches, photovoltaic systems are increasingly being used in skin patches and sensors. Due to its comfort, light weight, compatibility, and print technology, photovoltaic systems can meet the requirements for e-skin.
Revenue in the tactile sensors segment is anticipated to grow steadily throughout the forecast period. Robots are appealing due to their intelligent sensing skills provided by tactile sensors, which provide them multifunctional tactile sensing features including touch recognition, object handling, and self-protection.
Due to the strong presence of major companies offering e-skin-based products and the rising use of e-skin patches in many applications, including biomedical, industrial robotics, artificial prosthetics, and others, the Asia Pacific market is anticipated to register a sizable revenue share over the course of the forecast period.
Medidata Solutions, Intellisense Technology, Plastic Logic GmbH, Rotex Global, LLC, Smartlifeinc Limited, VivaLNK, Inc., Xenoma Inc., Xsensio, Chrono Therapeutics Inc., and iRhythm Technologies, Inc. are a few of the leading companies mentioned in the global market study.
Emergen Research has segmented the global e-skin market on the basis of product, component, sensor type, application, and region:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Electronic skinsuit
- Electronic patches
- Component Outlook (Revenue, USD Billion; 2019–2030)
- Stretchable circuits
- Photovoltaics system
- Stretchable conductors
- Electro-active polymers
- Sensor Type Outlook (Revenue, USD Billion; 2019–2030)
- Tactile sensors
- Chemical sensors
- Electrophysiological sensors
- Others
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Health monitoring systems
- Drug Delivery Systems
- Cosmetics
- Others
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