The Asia Pacific Electronic Skin Market would witness market growth of 23.7% CAGR during the forecast period (2023-2030).
Electronic skin development has benefited from ongoing research and development since innovations and developments in existing technology will enable the electronic skin to have more functionalities. Electronic skin is increasingly being used in the biomedical industry and is in higher demand for use in the manufacture of robotic equipment. E-skin is crucial because robots' current sensing equipment isn't very sensitive.
E-skin is similar to an alternate skin in that it adheres to the body's surface, making it possible to measure bodily functions, including heart rate, blood pressure, and temperature. Additionally, there are several needs for e-skins as well as their multimodal sensors to provide the greatest user experience. Bimodal sensors have a lot of potential with flexible capacitive structures with pressure and proximity detection. New commercial opportunities are being opened by applying electronic skin in robotic, biomedical, and artificial prosthetic systems.
The market is expanding as a result of expanding research and development in the area of artificial skin. Multitasking skin that can operate like human skin and concurrently feel pressure, temperature, and sound has been created by Korean researchers. Scientists are always researching to mimic the olfactory, taste, and tactile senses.
Due to the continually increasing demand for electronic skin products in cosmetics and medicine delivery systems, Asia Pacific is predicted to experience rapid growth in the market. Additionally, businesses are concentrating on applying artificial intelligence (AI) and machine learning (ML) in developing e-skins in this region. Ten times faster than an eye blink, ACES-enabled skin can recognize an object's shape, texture, and hardness with accuracy in less than ten milliseconds. Therefore, this regional market will expand due to rising market competitiveness, increasing research and development efforts, and significant government and departmental research expenditures.
The China market dominated the Asia Pacific Electronic Skin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.7 billion by 2030. The Japan market is poised to grow at a CAGR of 23% during (2023 - 2030). Additionally, The India market would register a CAGR of 24.5% during (2023 - 2030).
Based on Sensors, the market is segmented into Electrophysiological Sensors, Tactile Sensors, Chemical Sensors, and Others. Based on Component, the market is segmented into Stretchable Circuits, Stretchable Conductors, Photovoltaic Systems, and Electroactive Polymers. Based on Application, the market is segmented into Health Monitoring Systems, Drug Delivery Systems, and Cosmetics. Based on Product, the market is segmented into Electronic Skin Suits, and Electronic Patches. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Electronic Skin Market is Projected to reach USD 22.3 Billion by 2030, at a CAGR of 22.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medidata Solutions, Inc. (Dassault Systems SE), Xsensio S.A., Xenoma Inc., VivaLNK, Inc., iRhythm Technologies, Inc., Renesas Electronics Corporation, QUAD Belgium nv/sa, Koninklijke Philips N.V., and ROTEX.
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