Wearable Sensors Market Overview and Growth Rate Analysis 2018-2026 by Leading Companies: Broadcom Limited, Invensense, Inc., TE Connectivity Ltd., Knowles Electronics
Wearable sensors are developed using micro-electromechanical systems (MEMS) to sense and report the physical properties of their local environment. These devices are designed to collect data about the physical and chemical properties of the user’s body to feed algorithms and create insightful information for the user. Wearable sensors are used in devices such as diving watch, fitness band, ski goggles, martial arts vest, and sleep monitoring devices among others.
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Global Wearable Sensors Market – Major Key Players
1. Infineon Technologies AG
2. Texas Instruments Inc.
3. Broadcom Limited
4. Asahi Kasei Microdevices Corporation
5. NXP Semiconductors N.V.
6. Robert Bosch GmbH
7. Invensense, Inc.
8. TE Connectivity Ltd.
9. Knowles Electronics, LLC
10. Panasonic Corporation
The demand for wearable sensors has increased owing to rising demand from the healthcare sector, growing demand for consumer devices, and increasing health concerns. The rising use of wearable sensors in consumer devices, and growing demand from the industrial sector has resulted in the wearable sensors market growth. The growing adoption of MEMS and NEMS technology, and connected devices has increased the demand for wearable sensors across the globe. Growing demand from emerging economies, development of smart technologies, increasing adoption of IoT, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Wearable Sensors Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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North America generated the highest revenue in the market in 2017 owing the established healthcare sector, and increasing demand for fitness bands. The increasing demand from consumer electronics and wearables, along with growing development of smart technologies further boost the wearable sensors market growth in the region.
Competitive Landscape and Key Vendors
The global wearable sensors market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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• Motion Sensors
• Pressure and Force Sensors
• Touch Sensors
• Inertial Sensors
• Temperature and Humidity
• Smart Watch
• Smart Fabric
• Smart Glasses
• Fitness Band
• Smart Footwear
• North America
• Latin America
• Asia Pacific
• Middle East
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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