WEARABLE SENSORS MARKET ANALYSIS

Wearable Sensors MarketSize and Trends

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

The sensors device processes according to the surrounding environment and it is implemented on the wearable device to monitor body activities, which include, heart rate, body temperature, and blood pressure. Wearable sensors market is expected to show a significant growth over the forecast period, owing to the demand for wearable sensor devices in various applications such as healthcare, lifestyle, fitness, and security. Moreover, recent advancements in telecommunication, data analysis, sensor manufacturing, and microelectronics are providing opportunities for adoption of wearable sensors in the digital health environment. Additionally, in the healthcare industry, wearable sensors are used for monitoring patient’s conditions. These devices are also used in sports, military, and entertainment. For instance, Apple watch is a wearable device, which includes microphone, accelerometer, and a pulse sensor. Wearable sensors are integrated into garments, watches, eye-glasses, and smartphones, which is fueling the growth of the 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.

Wearable Sensors Market Taxonomy

The wearable sensors market is segmented on the basis of type, application, vertical, and geography.

On the basis of type, the global wearable sensors market is segmented into:

1. Touch Sensors
2. Accelerometers
3. Magnetometers
4. Gyroscope
5. Inertial Sensors
6. Motion Sensors
7. Pressure And Force Sensors
8. Temperature And Humidity Sensors
9. Microphones And Micro-Speakers
10. Medial-Based Sensors

On the basis of application, the global wearable sensors market is segmented into:

1. Wrist-wear
2. Eye-wear
3. Foot-wear
4. Neck-wear
5. Body-wear

On the basis of vertical, the global wearable sensors market is segmented into:

1. Healthcare
2. Industrials
3. Consumer Goods

Geographically, the wearable sensors market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Market- Trends

North America is leading the global wearable sensors market and is expected to maintain its leading position during the forecast period. Adoption of innovative technologies and raising awareness for health and fitness in this region is expected to make North America a global leader in wearable sensors market. The favorable Food and Drug Administration (FDA) approval in sensor technologies makes wearable sensors market industry lucrative in North America. Europe is the second largest region for wearable sensors market. Europe is expected to lead wearable sensors market in near future, owing to high demand for wearable devices.

Asia Pacific region is anticipated to lead global market during the forecast period. Favorable reimbursement policies and advanced low-cost sensor systems are fueling the growth of wearable sensors market in Asia Pacific region.