Future Market Insights
In the recent past, wearable technology has witnessed an overwhelming attention from various industries and researchers across the globe. From smart watches to headphones to eye-wear and fitness bands, trends of wearable technology is continually growing. These products today are expected to deliver valuable services providing individuals better lifestyle. Wearable sensors are small but crucial components of wearable technology which enable smart wearable devices to track and monitor several parameters such as movements, temperature, speed, muscle activity blood pressure, and others. Key sensors such as accelerometer, gyroscope, magnetometer, photoplethysmogram sensor, pressure sensors, and temperature sensor, among other are required for smart wearable devices. The wrist worn wearable for entertainment, wellness and fitness related applications, are key contributor to the rapidly growing market traction for these devices. Moreover, high demand and penetration of smart wearable devices have resulted in increasing demand for wearable sensors.
Wearable Sensors Market: Drivers and Restraints
Increasing adoption of wearable devices globally are thereby increasing the demand for wearable sensors alongside. In addition to this some of the prominent drivers for wearable sensor market are factors such as high demand for medical wearable devices, miniaturization of sensors and trends of internet of things, augmented reality and machine to machine connected platforms among others. On the other hand, factors such as high cost of wearable devices, and concerns regarding reliability and privacy issues may act as a major restraint for the wearable sensor market.
Wearable sensor Market: Segmentation
Wearable sensor market can be segmented on the basis of type, application, vertical and regions. On the basis of type the wearable sensor market can be segmented into accelerometers, magnetometers, pressure sensor, motion sensors, force sensors, temperature, humidity sensors, gyroscopes, biosensor, image sensors, touch sensor and others. On the basis of application, the wearable sensor market can be segmented as wrist wear, eyewear, body wear, footwear, and other. Whereas the vertical segment in the wearable sensor market may include consumer, healthcare, industrial and others. Regionally, wearable sensor market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
Wearable sensor Market: Regional Outlook
Wearable sensor market is dominated by the North America region. North America dominance is attributed to rising demand for smart watches and fitness bands as well as high investments in R&D activities pertaining to wearable technologies by key players based in the region. On the other hand, Asia Pacific Excl. Japan, and Japan is expected to grow at a significantly as compared to the other region in the wearable sensor market and will see a good growth rate in the future. Asia Pacific Excl. Japan is expected to great opportunities wearable sensor market due to the wide presence of key wearable sensor providers as well as high population rate in the region. Eastern Europe, Latin America and MEA is expected to see a moderate growth rate in the wearable sensor market.
Wearable sensor Market: Competition Landscape
Among the prominent players involved in wearable sensor market, companies such as NXP Semiconductors N.V., STMicroelectronics N.V., TE Connectivity Ltd., Broadcom Ltd., among others are focusing on organic as well as inorganic strategies to strengthen their position in the wearable sensor market. For instance, in January 2017, STMicroelectronics N.V. launched three smart motion sensors for fitness wearables that are capable of record the progress data accurate and enable applications to run for longer periods of time, thereby enhancing the efficiency of the device.
The report covers exhaustive analysis on:
Wearable sensor Market Segments
Wearable sensor Market Dynamics
Historical Actual Market Size, 2013 - 2015
Wearable sensor Points Size & Forecast 2016 To 2026
Supply & Demand Value Chain
Wearable sensor Market Current Trends/Issues/Challenges
Competition & Companies involved
Wearable sensor Technology
Wearable sensor Value Chain
Wearable sensor Market Drivers and Restraints
Regional analysis for Wearable sensor Market includes
Wearable sensor Market, by North America
US & Canada
Wearable sensor Market, by Latin America
Brazil, Argentina & Others
Wearable sensor Market, by Western Europe
Wearable sensor Market, by Eastern Europe
Rest of Eastern Europe
Wearable sensor Market, by Asia Pacific
Australia and New Zealand (ANZ)
Rest of Asia Pacific
Wearable sensor Market, by Japan
Wearable sensor Market, by Middle East and Africa
Other Middle East
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.