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Global Wearable Sensors Market

  • Published Date: 22 May 2018
  • Number of Pages: 187
  • Category: Consumer Goods
  • Country: Global
Wearable Sensorsare smart technological devices fitted with microcontrollers which are used worn outside the body or fitted into clothes or other gadgets. They are used to trach information like in health sensors, to take pictures, for communication, or for other commercial or personal purposes. TheWearable Sensors Market was valued at USAD XXX Billion in 2015 and is expected to reach USAD XXX Billion by 2020, at a CAGR of XX% between 2015 and 2020.

With the arrival of miniature circuits, microcontroller functions and front-end amplification, wearable sensors are finding increased use in digital health monitoring systems. Sensors and wearables when integrated allow continuous physiological monitoring with least amount of manual interference and at a comparatively low cost. Such sensors can be easily fixed into a wide category of accessories such as hats, eyeglasses, wrist bands, shoes, garments, socks, and other devices such as smartphones, wristwatches and headphones. Sensors, especially the medical-grade ones, are utilized on a stand-alone basis.

Market Dynamics

The major factors that drive the market for wearable sensors are as under:

1. Increasing R&D in this fieldand technological advancements in the sensor technology like reduced battery size, miniaturisation of the sensors, integration of various sensors like image sensors, proximity sensors are boosting the use of sensors.

2. The rising consciousness about healthcare, fitness and personal care is leading to the use of sensors for measuring important biometrics like blood pressure, body temperature, heart rate, calories burnt. This is a major reason which is driving the sensors market.

3. The fast expansion of Internet of Things which is leading to proactive monitoring of patient databy healthcare providers is another reason which is a driver of this market.

The major factors acting as a roadblock in the growth of the wearable sensors market are as under:

1. The technology is quite expensive and especially the body and eye sensors which cause a reluctance among end users in using them.

2. The security concerns related to breach to breach of data and compliance concerns for the devices are also a hinderance in their adoption.

3. The devices use high power voltage and also have technical difficulties which again is posing as a threat to its market.

Market Segmentation

The Wearable Sensors market is bifurcated on the basis of type, vertical, applications and region. The further overview of the bifurcations is resented below:

--> On the basis of Type
o Magnetometers
o Gyroscopes
o Inertial Sensors
o Pressure and Force Sensors
o Microphones and Micro speakers
o Medial-based Sensors
o Image Sensors
o Motion Sensors
o Accelerometers
o Temperature and Humidity Sensors
o Touch Sensors
o Others (Position Sensors, CO2 Sensors (Gas Sensor & Chemical Sensor), and Light Sensors)

Accelerometers and image sensors hold the largest share in this segment.

--> On the basis of Vertical
o Healthcare
o Consumer Goods
o Industrial
o Others

--> On the basis of Application
o Eyewear
o Footwear
o Wristwear
o Neckwear
o Body ware
o Others

Body ware and wristwear is expected to share the largest share in this segment.

--> On the basis of Region
o North America
o Europe
o Asia Pacific
o Rest of the World ( South America, Middle East and Africa)

Geographic Analysis

Geographically the market is segmented into following different regions:North Americas, Europe, the Asia-Pacific, Latin America and Middle East and Africa. North America is the largest shareholder for the global wearable sensors market followed by Europe. The Asia Pacific region is expected to show the highest CAGR in the forecasted period. The dominance of North America is accredited to factors such as large population which has huge disposable income, increasing adoption of wearable sensors technology in sectors from healthcare to industrial, rising adoption of digital components in fitness and sports market, consumer electronics and smart textiles. Increasing cases of obesity in this region are also drivers of this market. Europe market is fuelled by reasons such as increasing incidences of chronic diseases like diabetes which prompt people to use wearable sensors, technological innovations and introduction of new products. Asia Pacific is expected to show highest growth due to rising penetration of technology into the life of people, growth of healthcare and consumer electronics sector and growing awareness of the people towards health and gadgets.

Key Players

The key players who are driving the market of Wearable Sensors and determine its future are: NXP Semiconductors N.V. (Netherlands),Broadcom Limited (U.S.A.), Asahi Kasei Corporation (Japan), Sensirion AG (Switzerland), InvenSense, Inc.(Acquired by TDK Corporation, U.S.A.), Robert Bosch GmbH (Germany), mCube, Inc. (U.S.), AMS AG (Austria), and ARM Holdings Plc. (U.K), TE Connectivity Ltd.(USA), STMicroelectronics N.V.( Switzerland), Analog Devices, Inc.(USA), Infineon Technologies AG(Germany), Knowles Electronics(USA), LLC., Panasonic Corporation( Japan), Texas Instruments Incorporated (USA).

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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