A
research study titled, “Wearable Sensors Market by Type (Accelerometers, Inertial
Sensors, Pressure and Force Sensors, Motion Sensors, Gyroscopes, Temperature
and Humidity Sensors, Microphones & Microspeakers, Magnetometers, Medical
Based Sensors, Touch
Sensors, Image Sensors, Other Sensors) and Application (Wrist Wear, Foot Wear,
Eye Wear, Body Wear, Neck Wear) Vertical - Global Industry Analysis and
Forecast to 2025” published by Crystal Market Research, states that the
wearable sensors market is projected to be around $4 billion by 2025.
Recent advancements in sensor manufacturing,
microelectronics, nanotechnology, telecommunication, miniaturization and data
analysis techniques have opened up new avenues for wearable technology in the
digital health ecosystem enabling a range of improved health outcomes. In the
past, the size of front-end electronics and sensors made it difficult to use
them in wearable tech to gather movement and physiological data. With the
advent of miniature circuits, front-end amplification and microcontroller
functions, wearable sensors are being largely deployed in digital health
monitoring systems. Sensors and wearables together allow continuous
physiological monitoring with minimal manual intervention and at a
significantly low cost. Such sensors can be easily integrated into a wide range
of accessories such as hats, garments, wrist bands, shoes, socks, eyeglasses
and other devices such as wristwatches, smartphones and headphones. While some
sensors, primarily medical-grade ones, are used on a stand-alone basis. With
the advancements in cloud computing, various wearable sensor devices can be
easily upgraded without the need for users to install software in their
monitoring devices which makes it cheaper and easier to maintain the
functioning of these devices.
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on “Wearable Sensors Market by Type and Application - Global Industry Analysis
and Forecast to 2025” at: https://www.crystalmarketresearch.com/report/wearable-sensors-market
Wearable sensors facilitate long-term
physiological monitoring which is critical for treatment of different chronic
disorders and mental health issues such as diabetes, depression, autism
spectrum disorder (ASD), and anxiety. From a cost perspective, the primary
purpose of using wearable sensors is to move healthcare away from where it is
most expensive i.e., clinics and emergency rooms, and move towards outpatient
monitoring and preventive measures. The primary motivation behind developing
wearable sensors is to create technologies that will enable the users to
regularly monitor their health related parameters and track the progress in all
stages of life and diseases.
Some of the key driving factors for the global
wearable sensors market are, increasing demand for sensor based wearable
devices in healthcare, security, lifestyle and fitness applications, increased
penetration of wireless connectivity networks worldwide and rising global
acceptance of smart devices. Wearable technology is touted to replace
smartphones in the near future as they promise more convenient way of
communication in day to day life. Increasing research and development
activities focused on utilizing sensor based wearable technology for logistics,
manufacturing and military and security applications will largely contribute to
the future growth of wearable sensors market. However, factors such as security
concerns related to data security and rising need and demand for device
integrations leading to interoperability issues can hamper the market growth.
Wearable motion sensors segment held a
significant share of the wearable sensors market in 2016 owing to increasing
applications of wearable sensors in smart devices such as smart watches, shoes
and medical devices in order to track patients’ physical activity. Wearable
image sensors market is expected to exhibit fastest growth during the forecast
period due to rising demand for intelligent smart devices such as smart watches
and smart glasses.
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Sensors Market Research Report @ https://www.crystalmarketresearch.com/report-sample/SE06170
Wrist
wear segment held a significant share of the global wearable sensors market in 2016
owing to rising demand for smart watches along with technological advancements
leading to development of advanced wrist wear devices. The segment is expected
to experience lucrative growth during the forecast period due to increasing
adoption of smart watches and fitness bands by consumers as a result of
increased awareness related to fitness tracking and monitoring.
Consumer vertical of the wearable sensors
market is expected to exhibit fastest growth during the forecast period owing
to increasing applications of wearable sensors in sectors such as sports,
multimedia, fitness and infotainment. Rising demand for sensor based devices
for smart gadgets and interactive gaming devices is expected to fuel the growth
of consumer vertical during the forecast period.
U.S. held a major share of the North American
wearable sensors market due to large scale adoption of technologically enhanced
wearable devices enabled by high disposable income of the population. Emerging
economies such as China and India are expected to witness favorable growth
owing to increasing penetration of smart devices such as tablets and smart
phones.
Product development and innovation is the key
strategy followed by the major players operating in the wireless sensors market
in order to outperform their competitors and offer innovative wearable devices
to the consumers. Some of the key players in the wearable sensors market are, TE Connectivity Ltd., Broadcom
Limited, STMicroelectronics N.V., Analog Devices, Inc., Infineon Technologies
AG, Knowles Electronics, LLC., InvenSense (Acquired by TDK Corporation),
Panasonic Corporation, Texas Instruments Incorporated and NXP Semiconductors
N.V.
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Key
Findings of the Research Study:
·
Motion sensors segment held a
significant share of the wearable sensors market in 2016 owing to their large
scale adoption in applications such as automotive, defense, healthcare and
consumer electronics.
·
Image sensors
segment is expected to grow with the highest CAGR during the forecast period
owing to their increasing applications in industries such as defense and
infotainment.
·
Wrist wear
segment held a significant share of the wearable sensors market in 2016 owing
to consistent technological advancements in sensor based wrist wear devices and
increasing adoption of smart watches by consumers.
·
Consumer vertical
dominated the overall market in 2016 due to increasing consumer applications of
wearable sensors such in infotainment, sports, fitness and multimedia.
·
North America
held a major share of the global wearable sensors market in 2016 owing to the
rapid adoption of technologically advanced sensor based wearable devices in the
region.
·
Asia-Pacific
wearable sensors market is expected to witness significant growth during the
forecast period owing to increasing adoption of smart devices such as
smartphones in the region.
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Wearable Sensors Market
Segmentation:
By Type:
- Accelerometers
- Inertial Sensors
- Pressure and Force Sensors
- Motion Sensors
- Gyroscopes
- Temperature and Humidity Sensors
- Microphones & Microspeakers
- Magnetometers
- Medical Based Sensors
- Blood Oxygen Sensors
- Blood Flow Sensors
- Blood Glucose Sensors
- Heart Rate Sensors
- ECG Sensors
- Hall Effect Sensors
- Touch Sensors
- Image Sensors
- Other Sensors
By Application:
- Wrist Wear
- Wrist Wearable Bracelets
- Wrist Wearable Bands/Watches
- Foot Wear
- Eye Wear
- Smart Contact Lenses, HMDs, and HUDs
- Google Glasses
- Body Wear
- Clothing & Inner-Wear
- Smart Socks
- ARM & Legwear
- Body-Worn Cameras
- Chest Straps
- Neck Wear
- Ornaments & Jewelry
- Ties & Collars
- Other Applications
By Vertical:
- Healthcare
- Clinical Applications
- Non-Clinical Applications
- Consumer
- Infotainment and Multimedia
- Fitness and Sports
- Garments and Fashion
- Industrial
- Logistics, Packaging, and Warehouse Applications
- Other Industrial Sectors
- Other Verticals
By Region:
- North America
o
U.S
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
UK
o
Italy
o
Spain
o
Rest
of Europe
- Asia-Pacific
o
Japan
o
China
o
Australia
o
India
o
South
Korea
o
Rest
of Asia Pacific
- Rest of the World
o
Brazil
o
South
Africa
o
Saudi
Arabia
o
United
Arab Emirates
o
Others
About
Crystal Market Research
Crystal Market Research is a U.S. based market
research and business intelligence company. Crystal offers one stop solution
for market research, business intelligence, and consulting services to help
clients make more informed decisions. It provides both syndicated as well as
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company offers market intelligence reports across a broad range of industries
including healthcare, chemicals & materials, technology, automotive, and
energy.
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