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Electronic Skin Market Size

Report ID: GMI3255
Published Date: Mar 2020
Report Format: PDF

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Electronic Skin Market Size

Electronic Skin Market size exceeded USD 6 Billion in 2019 and is predicted to grow at over 14.4% CAGR from 2020 to 2026.

Electronic Skin Market

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Electronic skin is a type of artificial smart skin that consists of varied sensors stacked along the same surface. Electronic skin is most prominently used in robotics to provide a sense of touch. Such applications had helped the electronic skin industry to expand its product portfolio in the healthcare sector for tracking health and fitness related to various ailments.

Electronic Skin Market Report Attributes
Report Attribute	Details
Base Year:	2019
Electronic Skin Market Size in 2019:	USD 6,494.69 Million
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	14.4%
2026 Value Projection:	USD 16,017.81 Million
Historical Data for:	2015 to 2019
No. of Pages:	180
Tables, Charts & Figures:	390
Segments covered:	Product, Component, Sensor Type, Application, Distribution Channel
Growth Drivers:	Growing demand for superior & periodic health monitoring systems Increasing need to curb rising healthcare expenditure Rising investment on robotics technology
Pitfalls & Challenges:	High initial costs Complex designing & material degradation Lack of awareness in underdeveloped economies

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Electronic skin is being utilized in industries including robotics and healthcare owing to its properties such as self-healing, self-powered and stretching ability. Electronic skin is most frequently utilized in electronic skin patches for health monitoring, drug delivery, as well as therapeutic uses.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of electronic skin exceeded USD 6 Billion in 2019.

The industry share of electronic skin is predicted to grow at over 14.4% CAGR from 2020 to 2026.

North America market is expected to grow at a higher growth rate throughout the forecast period and is projected to exceed USD 6 billion by 2026.

Some of the prominent market players include MC10, Xsensio, Rotex Inc., Renew Health Limited (Intelesens ltd.), Xenoma Inc., VivaLnK, Inc., Chrono Therapeutics, iRhythm, Holst Centre, Byteflies & Quad Industries, Bloomlife, Dexcom, Insulet Corporation, Feeligreen, Gentag and Abbott Laboratories.

According to this research report by GMI, the health monitoring segment dominated the global market in 2019 and is expected to grow at a CAGR of 14.6% through 2026.