Global Electronic Skin Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global electronic skin market in its upcoming report titled, “Global Electronic Skin Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global electronic skin market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electronic skin market report has been segmented on the basis of application, and region.

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The skin is one of the main organs of human body and as such it implements many different and relevant functions. Electronic skin is an artificial skin that mimics human skin's sensor ability via electronics. Electronic skin finds possible application in areas such as humanoids and industrial robotics, artificial prosthetics, biomedical instrumentation, cyber physical systems, etc.

Increasing government initiatives on robotics technology, increasing expenditure by public and private companies for development of electronic sector such as development of electronic skin or e-skin that has similar properties of human to sense pressure, temperature, and other complex environmental function or conditions and increasing demand form healthcare sector are major factors driving growth of the global electronic skin market. In addition, e-skin has wide application in robotics, artificial intelligence, and human–machine interfaces (HMI), which is another factor expected to boost growth of the global electronic skin market. Moreover, multi-functional electronic skin that have various features such as multi-modal force sensing, temperature sensing, humidity detection, and self-healing abilities is expected to support growth of the global electronic skin market.

However, high initial set-up cost is a major factor restraining growth of the global electronic skin market. In addition, high cost of product and complex designing are other factors expected to hamper growth of the global electronic skin market to certain extent.

Technological advancements such as fabrication of highly intelligent e-skins that can sense and respond to variations in external environment and increasing investment and R&D activities from major players is expected to present new opportunities in terms of revenue to players operating in the global electronic skin market over the forecast period.

North America market is expected to dominate in the global electronic skin market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing demand from healthcare, electronic sector and presence of prominent players operating in countries in this region. Europe market accounts for second-largest revenue share in the global electronic skin market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to increasing public and private expenditure for development of electronic sector in emerging economies in this region.

Global Electronic Skin Market Segmentation:

By Application

• Periodic Healthcare Monitoring
• Wearable Technology
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa