Due to the rising demand throughout the course of the forecast year, a CAGR of 8% is anticipated for the global market for digital tattoos. By 2032, it’s estimated to be worth US$ 8,457.4 Mn, up from US$ 3,901.3 Mn in 2022.
Global breakthroughs in material science and circuit printing are expected to lead to an increase in the size of the digital tattoo market. Although the technology is still in its infancy, digital tattoo-related technical difficulties are anticipated to restrain market expansion.
Instead, the major market players are encouraging and challenging one another to take advantage of the advantages of digital tattoos through ongoing research and development (R&D) activities to continuously develop their products, which is expected to create lucrative opportunities for market growth.
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Digital Tattoos: Applications
The digital tattoos are expected to mark the next major step in transforming the wearable technology market. Major application of digital tattoo is generating a response from a radio signal; for instance a RFID transmitter is used to store an exclusive digital code. This exclusive code is then used in cases such as unlocking smart phones and for authentication purposes during digital payments.
Further development in the flexible electronics, with increasing complexity, would expand the applications of the digital tattoos to the venue admission by identification of digital details, smart payments, and social media networking such as check-ins and acquiring contact information. In the near future, the skin printed sensors (successors of digital tattoos) will be utilized for medical purposes including monitoring the skin hydration, temperature, and any type of electric signals from muscles and brain activity.
Digital Tattoos: Market Dynamics
In July 2014, Motorola Corporation launched the digital tattoo for identification of its Moto X handset. The digital tattoo sticker unlocks the smartphone without the need of any passwords or patterns. Created to work solely with Motorola Corporation’s Moto X smartphone, the small circular tattoo utilized the near field communications technology (NFC) to interact with the mobile device. This technology behind the digital tattoo was originally developed by ATAP (Advanced Technology and Projects group) research and development team of Google Inc.
Several researchers are continuously engaged in the developments of digital tattoo technology so that they can measure electrical activity from the body more efficiently. This could allow healthcare experts to monitor and diagnose critical health conditions such as heart arrhythmia, heart activities of premature babies, sleep disorders and brain activities noninvasively. In addition, the digital tattoo would also assess physical movements, enabling it to distinguish between distinct social modes of interaction, expressed via hand.
Key Developments of the Digital Tattoos Market to Look Out For
Manufacturers in the digital tattoos market share are primarily focusing on the development of efficient flexible electronics and the market is fragmented. The development is likely to be offering technologically innovative products that provide a variety of benefits related to power efficiency and product design.
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KEY MARKET PARTICIPANTS OF THE DIGITAL TATTOOS MARKET:
- NewDealDesign – It is a San Francisco-based design studio led by founder and principal designer, Gadi Amit. The studio consists of industrial, graphic, and interaction designers as well as mechanical engineers who help develop new technology products.
- Motorola Corporation – It was an American multinational telecommunications company based in Schaumburg, Illinois, United States. After having lost $4.3 billion from 2007 to 2009, the company split into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011.
Key Segments Profiled in the Digital Tattoos Market Survey –
By Type:
- Nano Tattoo
- Graphene Tattoo
- Living Tattoo
By Application:
- Experiment & Research
- Teaching
- Commercial
- Medical
- Electronic
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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