The Europe Electronic Skin Market would witness market growth of 22.7% CAGR during the forecast period (2023-2030).
Electronic skins are being utilized to deliver active substances that support maintaining the skin's optimal state. By continuously tracking the effects of the exposure on the skin, electronic skin patches, for example, can shield users from damaging UV rays.
The chemistry of squid skin is being used by a group of scientists to create a wearable gadget that can detect harmful UV radiation levels. Although the device's sensor may be utilized in other circumstances where detecting light exposure is required, researchers anticipate that consumers will use it to monitor sun exposure.
The growth of the market is being driven by technological developments. The forecast period is anticipated to see the introduction of numerous new items. Due to its immense value in monitoring various physiological signs, the electronic skin is currently in high demand. Electrolyte balance, bodily mobility, temperature, and tissue pressure are just a few examples of physiological signals that can be continuously and in real-time monitored by wearable electronic devices with skin-like qualities.
The regional governments and EU have also come forward with monetary and statutory support for developing and commercializing electronic skin. The PepZoSkin project, supported by the EU, aims to create an ultra-thin, flexible, self-powered electronic skin that combines cutting-edge piezoelectric materials, sensors, and microelectronics for implantable and wearable applications. It has created new peptide-based materials with outstanding piezoelectric performance, mechanical characteristics, and intrinsic biocompatibility. These materials can serve as an active layer in the most fundamental sensing devices. Hence, the region will present lucrative growth prospects for the market throughout the forecast period.
The Germany market dominated the Europe Electronic Skin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.5 billion by 2030. The UK market is estimated to grow at a CAGR of 21.6% during (2023 - 2030). Additionally, The France market would register a CAGR of 23.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
By Sensors
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