WEARABLE SENSORS MARKET ANALYSIS

Leading Companies

Technological advancement in sensing devices and introduction of key players into the market is expected to boost the growth of Wearable Sensors Market

Decreasing cost, attractive accessories, and integration with consumer electronic devices are the key factors for boosting the growth of global wearable device market. Additionally, introduction of key players in market such as Google, Amazon, Facebook, Apple, Microsoft, smartphone penetration in sensor technology, the high occurrence of chronic disease related to blood pressure and heart rate, geriatric population with cardiac and neurological disorders, fitness awareness, and reduced digital health-cost are anticipated to significantly drive the growth of global wearable sensors market.

Strategies of merger-acquisition by key players to expand the market growth

The major key players operating global wearable sensors market include Google, Panasonic Corporation, Freescale Semiconductor, Fossil Groups, InvenSense, Facebook, Amazon, Apple, Microsoft, Infineon Technologies AG, ST Microelectronics, and Analog Devices, Inc. These players are focused on developing business through strategies of merging-acquisition and product development to enhance the global growth. For instance, Facebook acquired Basis Science in March 2015, which specializes wearable sensor technology in wrist-watches. Moreover, Fossil Groups acquired Misfit in November 2015, to enhance their growth in global market.