Research Reports

ICT & Electronics

icon
Home » Reports » Wearable Sensors Market Global Demand Analysis Opportunity Outlook 2024
Market Research Report

Wearable Sensors Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 03:10 AM, 23rd April, 2018 REP-ID-271 Category: ICT & Electronics

Wearable Sensors Market Overview

Wearable sensors are devices that collect input information about the physical and biological properties of the body and environment. Further this information is utilized to do calculations which yields output information. Wearable sensors are implanted in wearable devices to track fitness, environmental and health activities such as heart rate, blood pressure, body temperature, stress level, movements, speed, local temperature etc.  Wearable sensors are used in many devices such as fitness watch, smart shoes, glasses, VR headsets, jewelry (rings), hearable, sleep mask, body wear and others. The key factors driving the global wearable sensors market are compact size, low cost and miniaturization of sensors. Further, technological integration of wearable sensors with textiles is emerging trend in the market. Compact and advanced product development and merger and acquisition are the major strategies which the companies have adopted from the past 4-5 years. Innovation of specific sensors such as PIQ Multi –Sport wearable sensor is expected to boost the wearable sensor market in the upcoming years.

Market Size and forecast

The market of wearable sensors is anticipated to grow at considerable CAGR during the forecast period 2017-2024. The global wearable sensors market is expected to garner USD 1,943.68 million by 2024. Further, the market is expecting gigantic rise in the demand due to the miniaturization of sensors and advancement in healthcare industries. Further, the bolstering market of smartphones is going to augment the integrated wearable devices.

wearable sensors market graph

Currently, North-America and Europe region are the largest market occupying more than 60% market share in the global market. North-America is the leader in the global wearable sensor market and it is anticipated to maintain the dominance during the forecast period. Being a developed region, they encourage and adopt the new innovations and technologies. Moreover, rising concern towards health and fitness is another factor which is driving the market in North-America.  European market captures the second place in the global wearable sensor market. With ongoing technological advancements and rise in demand of body wearable devices, Europe is expected to witness a robust growth in the global sensors market over the next five to six years.

On the other hand, Asia-Pacific is the swiftest emerging market of wearable sensors. The market of Asia-Pacific is driven by the increasing consumer awareness about the benefit and usage of wearable devices and low cost of sensors. In forecast period, Latin America is expected to showcase a remarkable rise in terms of demand for wearable sensors. Further, the Middle East and Africa is anticipated to witness a positive growth over the forecast period. Low cost of wearable sensors is the major factor which is driving the wearable sensors market in Latin America and The Middle East and Africa.

Market Segmentation

By Type

  • Accelerometers
  • Magnetometers
  • Gyroscopes
  • Chemical Sensors
  • Image sensors
  • Inertial Sensors
  • Temperature and Humidity sensor
  • Pressure and force sensor
  • Touch sensor
  • Motion sensor
  • eCompass
  • Others (UV index sensors, proximity sensors etc.)

By Application

  • Wrist wear
  • Eyewear
  • Body wear
  • Footwear
  • Neckwear
  • Others (finger wear, head wear etc.)

By End user

  • Enterprise & Industrial
  • Healthcare
  • Consumer
  • Others (clinical, non-clinical, transportation, aerospace, defense etc.)

By Region

Based on region, global wearable sensors market id further classified as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Low cost of sensors, evolving advancement of technologies and rising consumer awareness towards health are few factors which are driving the growth of global wearable sensors market. In addition to that, growing smart clothes technology is anticipated to boost the demand for wearable sensors. Moreover, rising healthcare sector and integration of new technologies like emergency cardiac arrest alarm and pre detection of diseases is expected to propagate the growth of wearable sensor market.

However, high cost of advanced technological sensors is likely to hamper the growth of wearable sensors market globally. Likewise, less awareness among the population towards smart wearable and low availability of wearable products in the market are also some of the major factors which re restraining the growth of global wearable sensor market. 

Key Players

  • Robert Bosch GmbH
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • NXP semiconductors (Freescale Semiconductor, Inc.)
  • Broadcom Limited
  • ST Microelectronics
  • Shimmer technologies
  • Infineon Technologies AG
  • Analog devices Inc.
  • Texas Instruments (Measurement Specialties, Inc.)
  • mCube,  Inc.
  • Knowles Electronics

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Sensors Market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By End User & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

RELATED REPORTS

Delivery Center

Ansal Corporate Park, Plot no 7A/1,
Tower A1,
Sector 142 Noida., 201301 India
info@researchnester.com

US Office

77 Water Street 8th Floor,
New York, New York, 10005
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com


UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Subscribe To Our Newsletters

Copyright © 2018 Research Nester. All rights reserved

Top