Wearable Sensors Market Shares, Outlook, Size by Trends With Major Eminent Players: ST Microelectronics N.V., TE Connectivity Ltd., Broadcom Limited, Analog Devices, Inc., Knowles Electronics
A research study titled, “Wearable Sensors Market by Type and Application - 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.Wearable Sensors Market: Industry Trend Analysis
The wearable sensors market is expected to be around $4 billion by 2025. The market is primarily driven by factors such as rising demand for wearable sensor devices in different sectors such as healthcare, lifestyle and especially fitness. Increase in demand for smarter, smaller and low cost wearable devices is expected to fuel the growth of wearable devices market in coming years. Moreover, consistent technological advancement in sensor based wearable devices is also expected to favorably contribute to the market growth during the forecast period. However, factors such as data security and privacy concerns along with interoperability issues can hinder the market growth in coming years.
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Wearable Sensors Market: Competitive Insights
The wearable sensors market is characterized by constant technological advancements leading to development of innovative products offering enhanced functionalities. The major players in the market aggressively focus on research and development to introduce next-generation sensor-based wearable devices in the market to ensure a competitive edge over other players. For instance, in June 2016, Samsung Electronics Co. Ltd., launched the Gear Fit2 and the Gear IconX to continue its expansion in fitness wearable market. Gear Fit2 features a heart rate monitor and an embedded GPS that offer robust and precise fitness tracking and measurement. The device renders prompt feedback on the user’s workout. The Gear IconX is cord-free ear buds that track the users’ fitness information and deliver feedback about their running performance.
Some of the major players operating in the global wearable sensors market are:
• ST Microelectronics N.V
• TE Connectivity Ltd
• Broadcom Limited
• Analog Devices, Inc.,
• Knowles Electronics
• Infineon Technologies AG
• NXP Semiconductors N.V.
• InvenSense (Acquired by TDK Corporation)
• Texas Instruments Incorporated
• Panasonic Corporation
• Asahi Kasei Corporation
• Sensirion AG
• Robert Bosch GmbH
• mCube, Inc.
• ams AG
• ARM Holdings plc.
Market Opportunities:
The key opportunity for wearable sensors market lies in developing innovative sensor based wearable devices for varied applications including consumer devices, healthcare, and industrial sectors. With increasing advancements and acceptance of technologies such as Internet of Things (IOT), development of next-generation sensor based wearable devices with improved integration capabilities will open new avenues for the growth of wearable sensors market in coming few years.
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
o Blood Oxygen Sensors
o Blood Flow Sensors
o Blood Glucose Sensors
o Heart Rate Sensors
o ECG Sensors
o Hall Effect Sensors
• Touch Sensors
• Image Sensors
• Other Sensors
By Application:
• Wrist Wear
o Wrist Wearable Bracelets
o Wrist Wearable Bands/Watches
• Foot Wear
• Eye Wear
o Smart Contact Lenses, HMDs, and HUDs
o Google Glasses
• Body Wear
o Clothing & Inner-Wear
o Smart Socks
o ARM & Legwear
o Body-Worn Cameras
o Chest Straps
• Neck Wear
o Ornaments &Jewelry
o Ties & Collars
• Other Applications
By Vertical:
• Healthcare
o Clinical Applications
o Non-Clinical Applications
• Consumer
o Infotainment and Multimedia
o Fitness and Sports
o Garments and Fashion
• Industrial
o Logistics, Packaging, and Warehouse Applications
o Other Industrial Sectors
• Other Verticals
By Region:
North America
• U.S
• Canada
• Mexico
Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
...
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Table of Contents:
Chapter1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter2. Executive Summary
2.1. Key Highlights
Chapter3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
Chapter4. Wearable Sensors Market, By Type
Chapter5. Wearable Sensors Market, By Application
Chapter6. Wearable Sensors Market, By Vertical
...CONTINUED FOR TOC
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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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 customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact:
Crystal Market Research
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304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
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