Electronic Skin Market Size, Share, Growth Analysis, By Product(Electronic skinsuits, Electric patches), By Component(Stretchable circuits, photovoltaic systems, stretchable conductors, electroactive polymers), By Sensors(Tactile sensors, Chemical sectors, Electrophysiological sensors, others), By Application(Health monitoring systems, drug delivery systems, cosmetics), By Region - Industry Forecast 2024-2031

Asia Pacific held the largest Global Electronic Skin Market share in 2021 owing to high demand for e-skin products in cosmetics and drug delivery systems. Increasing usage of e-skin patches in numerous applications such as biomedical, industrial robotics, artificial prosthetics, and others are expected to boost growth of the market during the forecast period. Moreover, companies are focusing on the implementation of Machine Learning (ML) and Artificial Intelligence (AI) in e-skin development in this region.

Increasing competition in the market and high investments made by the research departments and government will contribute to growth of the e-skin market.

North America accounted for largest revenue share in 2021 and is expected to register a steady growth rate over the forecast period owing to increasing geriatric population and increasing number of innovative e-skin product launches.

In addition, presence of major players in the industry such as VivaLnK, Inc., Xsensio, and iRhythm Technologies among others are investing in R&D activities and are continuously innovating their products, which is expected to boost the market during the forecast period.

Europe is expected to grow at a steady rate during the forecast period owing to rise in the application of e-skin in various industries. Government initiatives to reduce the risk of non-communicable diseases in adults and children are also boosting growth of the market. Continuous technological advancement and developed medical infrastructure are also contributing to the growth of the market in the region.