Electronic Skin Market
Electronic Skin Market
The market for Electronic Skin was estimated at $13.20 billion in 2024; it is anticipated to increase to $37.7 billion by 2030, with projections indicating growth to around $90.3 billion by 2035.
Global Electronic Skin Market Outlook
Revenue, 2024 (US$B)
$13.2B
Forecast, 2034 (US$B)
$75.8B
CAGR, 2024 - 2034
19.1%
Market Key Insights
- The Electronic Skin market is projected to grow from $13.2 billion in 2024 to $75.8 billion in 2034. This represents a CAGR of 19.1%, reflecting rising demand across Healthcare and Medical Rehabilitation, Smart and Interactive Textiles and Robotics and Human-Machine Interfaces.
- MC10 Inc., Xenoma Inc., VivaLNK Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Electronic Skin market and are expected to observe the growth CAGR of 18.3% to 26.7% between 2024 and 2030.
- Emerging markets including Indonesia, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 14.3% to 19.9%.
- Transition like Technology Advancements in Materials Science is expected to add $8.2 billion to the Electronic Skin market growth by 2030
- The Electronic Skin market is set to add $62.6 billion between 2024 and 2034, with manufacturer targeting Prosthetics & Wearable Technology Application projected to gain a larger market share.
- With Increasing demand for wearable tech, and Advancements in medical and healthcare applications, Electronic Skin market to expand 474% between 2024 and 2034.
Opportunities in the Electronic Skin
The wearable technology industry has yet to tap into the possibilities of Electronic Skin technology integration. Companies have the opportunity to develop products that can monitor and respond to body movements, facial expressions, well as subtle variations, in skin moisture and temperature by incorporating Electronic Skin into wearable devices.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Increasing Demand for Wearable Tech, and Massive Investments in AI and Robotics
Restraint: Technological Limitations
Opportunity: Prosthetics & Orthotics Overhaul and Data-driven Healthcare
Challenge: High Production Costs
Supply Chain Landscape
Material Procurement
Dow Corning
3M Company
Sensor Production
MC10 Inc
Xensio
Integration & Assembly
Rogers Corporation
Artificial Skin
End-user Application
Healthcare Industry
Consumer Electronics Industry
Material Procurement
Dow Corning
3M Company
Sensor Production
MC10 Inc
Xensio
Integration & Assembly
Rogers Corporation
Artificial Skin
End-user Application
Healthcare Industry
Consumer Electronics Industry