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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Electronic Skin Market Size
The global electronic skin market size reached a value of approximately USD 9.17 billion in 2023. The market is further expected to grow at a CAGR of 19.50% between 2024 and 2032, reaching a value of USD 45.69 billion by 2032
Key Trends in the Market
Electronic skin refers to self-healing, stretchable, and flexible electronics that mimic the functioning of animal or human skin. These materials have sensing abilities and are able to reproduce the capabilities of human skin and respond to environmental factors such as pressure and heat.
- The key electronic skin market trends include technological advancements such as development of materials with advanced stretchability and flexibility. Development of remarkably thin encapsulation layers and substrates allow the electronic skin to conform to the surface layer of the body of the user.
- Integration of electronic skin with sensors is another crucial trend propelling the growth of the market. The sensors aid in detection of external stimuli such as temperature, pressure, and humidity, and allow real-time collection of data, enhancing the applications of electronic skin.
Electronic Skin Market Report Snapshots
Electronic Skin Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market for electronic skin reached a value of approximately USD 9.17 billion in 2023.
The market is expected to grow at a CAGR of 19.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 45.69 billion by 2032.
The major market drivers include high accuracy of electronic skin in health monitoring, growing applications of electronic skin, and increasing proliferation of Internet of Things devices.
The key trends fuelling the growth of the market include development of materials with advanced stretchability and flexibility, and increasing integration of electronic skin with sensors.
The various components of electronic skin are stretchable circuits, photovoltaic systems, stretchable conductors, and electroactive polymers.
The significant applications of electronic skin in the market include health monitoring systems, and drug delivery systems, among others.
The key players in the electronic skin market, according to the report, are Xsensio, Xenoma Inc., VivaLNK, Inc., Holst Centre, Quad Industries, GENTAG, Inc., and iRhythm Technologies, Inc., among others.
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