Wearable Sensors Market Information, by Types (Motion Sensors, Medical Based Sensors, Image sensors, Position Sensors, Pressure Sensors, Inertial Sensors), by Application (Smart Wristwear, Smart Glasses) by End User - Forecast to 2020
pune, India - August 1, 2019 /MarketersMedia/ —
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 2020 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.
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Wearable Sensors Market Key Players
InvenSense
InvenSense
Panasonic Corporation
Robert Bosch GmbH
STMicroelectronics
Texas Instruments Incorporated
KIONIX
Measurement Specialties
Analog Devices
ZOLL Medical Corporation (Asahi Kasei Corporation)
Freescale Semiconductor
Infineon Technologies AG
are some of the key players in this market contributing to the global wearable sensor market in substantial ways.lll
Wearable Sensors 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.
Furthermore, factors such as affordability provided by advances in miniaturized electronics, the proliferation of connected devices, and the increasing need for low power, smaller, lighter sensors, and enhanced performance are assisting in the growth of wearable devices during the forecast period.
Wearable Sensors Market Segmentation
The global wearable sensors market has been segmented based on type, end-user, and application.
By type: Motion Sensors, Medical Based Sensors, Image sensors, Position Sensors, Pressure Sensors, Inertial Sensors, and Others are the segments.
By application: Smart Wristwear, Smart Glasses, Smart Bodywears, Smart Footwear, and others are the segments.
By end-user: Consumer, Healthcare, Enterprise, and Industrial, and others are the segments.
Wearable Sensors Market Regional Outlook
Region-wise segmentation of the global scenario of the market has been done under the North America region, which is believed to have the largest market for wearable sensors. Apart from this, the European market is also increasing and has become the second-largest market for wearable sensors. On the other hand, the Asia-Pacific market is expected to produce at the fastest pace in the wearable sensors during the forecasted period. Rest of the World is possible to have limited but steady growth in the market during the forecast period.
Industry News
July 15, 2019: Researchers from the National University of Singapore (NUS) invented a new way for wearable devices to interconnect. They merged conductive textiles into clothing to dynamically connect several wearable devices at once. This "wireless body sensor network" allows devices to transmit data with 1,000 times stronger signal than conventional technologies.
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