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Electronic Skin Market to Make Great Impact in Near Future by 2028

Future Market Insights has announced the addition of the “Electronic Skin Market: Global Industry Analysis and Opportunity Assessment, 2018-2028"report to their offering
Published 02 July 2018

Electronic Skin Market: Introduction

Advancements in material types and techniques followed for those materials to make the electronic skin are the factors expected to drive the growth of the electronic skin market. The electronic skin market has attained great height due to advancements in the sectors such as robotics and healthcare. Demand for wearable devices, complimented by continuous innovations in nanotechnology and advancements in robotics has led to introduction of electronic skin.

Electronic Skin is an artificial replica of real skin made from polyimine, a polymer laced with silver nanoparticles, and equipped with various sensors to measure the pressure, temperature etc. of the surrounding. Electronic skin possess various same properties as that of real skin such as being soft, malleable, and able to sense touch, air flow, humidity, and temperature and self-healing. The polymer offers the required strength, stability and electrical conductivity for enabling the features associated with electronic skin and is, henceforth, one of the primary component necessary of the same.

Electronic Skin network, as still in development stage, is comparatively niche, henceforth, didn’t witness much penetration in the past 4 years. However, the electronic skin market is expected to witness a boom during the forecast period, owing to the implementation of the same due to the advancements in technology.

For instance, in February 2018, researchers at University of Colorado Boulder unveiled a fully re-healable and recyclable electronic skin.

Electronic Skin Market: Drivers and Challenges

As the technology is comparatively new, various vendors are investing for launching or innovating electronic skin products or the technology associated for implementing wearable devices/electronic skins. This as a result is expected to be the primary driving factor for the growth of electronic skin market, in terms of revenue. Other factors driving the growth of the electronic skin market are advancements in materials and technologies, use of electronic skin in the wearable’s as well as other healthcare analysis devices. The other factor driving the growth for electronic skin market is the increasing capital investment for research and development of electronic skin and its use in other sectors such as sports and fitness.

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However, issues such complexity associated with the implementation of electronic skin and constraint associated with time consuming manufacturing process of electronic skin network is expected to hinder the growth of electronic skin networks. Availability of workforce i.e. lack of skilled labor is also one of the restraining factor for the overall electronic skin market.

Electronic Skin Market: Segmentation

The electronic skin market can be segmented on the basis of component used, application area and region.

On the basis of component used, the electronic skin market can be divided into:

  • Stretchable circuits
  • Stretchable conductors
  • Electro-active polymers
  • Organic photovoltaic
  • Others

This segmentation says about the components being used up primarily for making the electronic skin which ranges from new stretchable circuits to organic photovoltaic etc.

On the basis of application area, the electronic skin market can be segmented into;

  • Consumer Electronics
  • Automotive Electronics
  • Healthcare
  • Telecommunication
  • Others

This segmentation says about the different application areas electronic skin can be used into, like the implementation and adoption of robots at hazardous locations is expected to impel the growth of electronic skins market, for instance, increasing demand for health monitoring with the help of robots, with features just as humans.

Electronic Skin Market: Key Players

Examples of some of the key players of electronic skin market are Physical Optics Corporation, Koninklijke Philips N.V, PARC, MC10, Adidas AG, 3M, BodyMedia, Cambrios, Xensio, Rotex Inc., Intelesens Ltd, Plastic Electronic GmbH, etc.

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