Wearable Sensors Market Outlook to 2019-2025 Global Wearable Sensors Market: Information by Type (Motion Sensors, Medical-Based Sensors, Image Sensors, Position Sensors, Pressure Sensors, Inertial Sensors and Other Sensors), Application (Smart Wristwear, Smart Glasses, Smart Bodywears, Smart Footwear and other Wearable Devices), End User (Consumer Applications, Healthcare Applications and Enterprise and Industrial Applications) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) – Global Industry Forecast to 2025
The Global Wearable Sensors Market is expected to register a CAGR of 46.73% and is anticipated to reach USD 11,076.90 Million by 2025.
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Wearable Sensors Market Insights
The global wearable sensors market has expanded considerably due to the rapid expansion of the Internet of Things (IoT) globally. Market reports associated with the healthcare industry have been made available by Market Research Future, which issues reports on this industry. The global wearable sensors market is anticipated to develop by 2025 at a higher CAGR.
Wearable sensors refer to sensors which are used in smart wearable devices. These are important in the electric industry as it has proposed significantly with digitalization. Due to the expansion of these devices, the global market is set to drive at a high pace in the forecast period.
Market Drivers & Trends
Global wearable sensors market is mainly being driven by increasing demand for wearables for infants as well as continuous evolvement of sensor technology. Other factors such as increasing personal care and health consciousness for tracking biometrics such as calories burnt, heart rate, and among others, demand for wearable sensor devices, which in turn is bolstering the market exponentially.
Other than this, the rapid expansion of the internet of things (IoT) is also driving the global wearable sensor market. The inclusion of this device, mainly in healthcare and fitness, consumer electronics, and others, are also capitalizing the market. Digitalization has also played a vital role in the wearable sensor devices with improving technology, which has motivated people in changing their lifestyles by raising health and safety awareness factors are stimulating the growth of wearable devices.
Wearable devices come in various forms such as Fitbit, ear wears, smartwatches, wrist wears, and microwear. These devices are technologically advanced, and it caters exact information about health & fitness after wearing. Thus, the inclusion of technology has maturely stimulated the global wearable sensors market with a high prospect in the foreseen years. With high demands of these devices, from across the world, it has become beneficial for the market players to introduce opportunities for the future and capitalize the revenue of the market.
Competitive Dashboard
The prominent players operating in the global wearable sensors market comprises Freescale Semiconductor Inc., KIONIX INC. (ROHM Co., Ltd.), InvenSense Inc., Panasonic Corporation, Analog Devices Inc., STMicroelectronics, ZOLL Medical Corporation (Asahi Kasei Corporation), InvenSense Inc., Measurement Specialties Inc., Robert Bosch GmbH, Infineon Technologies AG., and Texas Instruments Incorporated.
Market Segmentation
Global Wearable Sensors Market, by Type
- Motion Sensors
- Medical-Based Sensors
- Image Sensors
- Position Sensors
- Pressure Sensors
- Inertial Sensors
- Other Sensors
Global Wearable Sensors Market, by Application
- Smart Wristwear
- Smart Glasses
- Smart Bodywears
- Smart Footwear
- Other Wearable Devices
Global Wearable Sensors Market, by End User
- Consumer Applications
- Healthcare Applications
- Enterprise and Industrial Applications
Regional Insights
Geographically, the wearable sensors market span across regions namely, Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Considering the global scenario, the North American region is poised to occupy the most significant share as the region offer room to the most prominent players and is in a position to adopt technological advancements at its earliest. High adoption of digital technology in the U.S. has further intensified the growth of the market in this region. With the booming healthcare infrastructure, the market is estimated to flourish.
The European region occupies the second spot and is anticipated to evolve at a significant pace in the foreseeable future. With advancing technology and purchasing power required for the market growth, the region is anticipated to gain an impetus. Moreover, the conscious awakening regarding healthy lifestyle is considered a major factor propelling the market growth in the long run.
The Asia Pacific region is estimated to expand at the fastest rate as the strong economic growth has infused healthy purchasing power which is estimated to encourage the proliferation of wearable sensors in the coming years.
Industry Updates
April 02, 2019: A team of researchers at the Binghamton University, State University of New York have recently developed skin-inspired electronics to conform to the skin, which allows high-performance, long-term, and real-time wound monitoring in the users.
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