ELECTRONIC SKIN MARKET ON TRACK FOR REMARKABLE GROWTH BY 2030

 

ELECTRONIC SKIN MARKET ON TRACK FOR REMARKABLE GROWTH BY 2030 | MEDIDATA, VIVALNK, XSENSIO, XENOMA

The latest report by Congruence Market Insights, titled 'Global Electronic Skin Market – Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 – 2030,' provides a thorough analysis of the global Electronic Skin market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors such as the COVID-19 pandemic and the Russia-Ukraine War on the Electronic Skin market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Electronic Skin industry.

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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

According to the in-depth market study, the global electronic skin market is anticipated to reach a value of USD 14,905.2 Million by 2030 expanding at a CAGR of 15.6% between 2023 and 2030. The Electronic Skin market has been experiencing shifts owing to increasing advancements in sensor technologies, growth of IoT, and increasing applications of skin patches. Increasing awareness among consumers, healthcare professionals, and industries about the benefits of electronic skin drives acceptance and adoption. Opportunities lie in innovation and entering emerging markets, but challenges include material compatibility and biocompatibility concerns, high cost of production, scalability and mass production while maintaining quality standards.

How does AI impact the global Electronic Skin market?

The global Electronic Skin market experiences a profound impact from Artificial Intelligence (AI) as it enhances the capabilities of data analysis and interpretation. AI algorithms efficiently process extensive data gathered by electronic skin devices, offering valuable insights for applications such as personalized healthcare and predictive maintenance in robotics. The incorporation of AI fosters precision in decision-making, thereby advancing electronic skin technologies and broadening their applications across diverse industries, including healthcare, consumer electronics, and beyond.

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Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities and Challenges

► Value Chain Analysis

► Porter’s Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles

Electronic Skin Market Size and Forecast:

The report will comprehensively detail the Electronic Skin market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from Electronic Skin sales, and provide volume insights into product circulation. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.

Which region holds the largest market share, and where does the major opportunity lie in the future?

North America's preeminence in the global electronic skin market is underpinned by its technological prowess, considerable investments in healthcare technologies, and the presence of key industry players. The region's commitment to innovation and emphasis on healthcare contribute to its robust position. Simultaneously, Asia Pacific presents a significant opportunity for market expansion. The region's burgeoning electronics and healthcare industries, particularly in countries like China, Japan, and South Korea, coupled with a focus on robotics and the rising adoption of consumer electronics, position Asia Pacific as a key player with substantial potential for the flourishing of the electronic skin market. 

Competition Landscape

In the global electronic skin market, key players engage in a dynamic interplay to secure prominence, shaping the sector's evolution. Industry contributors play vital roles in driving competition through innovation, strategic collaborations, and advancements in e-skin technologies. The market's diversity stems from a combination of established leaders and emerging innovators, fostering a dynamic environment where technological advancements and strategic partnerships play crucial roles in shaping the landscape. Below are some of the leading players operating in the market:

>> Medidata (Dassault Systèmes)

>> VivaLNK, Inc.

>> Xsensio

>> Xenoma Inc.

>> Epicore Biosystems, Inc.

>> Holst Centre

>> Edinburgh Innovations

>> StretchSense (Sensor Holdings Limited company)

>> Sensoria

>> NeuroSky

>> AiQ Smart Clothing

>> GENTAG, Inc.

Comprehensive Market Segmentation:

∆ By Product Type (Skin Patch, and Skin Suites)

∆ By Material (Organic, and Inorganic)

∆ By Application (Health Monitoring, Prosthetics, Fitness Tracking, and Others)

∆ By End-Use Industry (Healthcare and Medical Science, Electronics, Robotics, and Others)

Market Segmentation by Geography including:

∆ North America: U.S., Canada and Mexico

∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

∆ South America: Brazil, Argentina, and Rest of Latin America

∆ Middle East & Africa:  GCC Countries, South Africa, and Rest of Middle East & Africa

Contact Us:

Ms. Shalaka Dubey

Senior Sales Manager

Congruence Market Insights

Palo Alto, CA 94301, United States

Phone: +1 650-646-2623

Email: sales@congruencemarketinsights.com