|12-06-2018 06:59 PM CET - IT, New Media & Software||
Panasonic, NXP Semiconductors, TDK InvenSense, Robert Bosch GmbH, STMicroelectronics, Texas Instruments, Kionix, Inc. and Analog Devices in the Wearable Sensors Market
Press release from: P&S Intelligence
The global wearable sensors market is expected to grow at a CAGR of 46.6% during the forecast period. The global wearable sensors market is increasing at a steady rate due to advancements in sensor technologies, wireless communication, power supply technologies and others.
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With increasing personal care and health consciousness, for tracking biometrics such as calories burnt, heart rate and others, the demand for wearable fitness trackers and other wearables are increasing. Rapid expansion of internet of things (IoT) is driving demand of wearable sensors devices in various application areas such as healthcare and fitness, consumer electronics and others. With the miniaturization of sensors and continuous on-chip integration of sensors, such as image sensor, motion sensor, proximity sensor and others, the demand of wearable sensors market is growing.
The North American wearable sensors market holds the largest share in global wearable sensors compared to other regions. It is then followed by Europe and Asia-Pacific. High adoption of smart sensors in wearable is due to the high adoption rate of digital components in consumer electronics, smart textiles, fitness and sports market in North America. Large population and high obesity rate is further propelling the market growth of smart wearable devices in this region.
The major companies operating in the wearable sensors market include InvenSense, Inc., NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc., Analog Devices, Inc., ZOLL Medical Corporation (Asahi Kasei Corporation), Freescale Semiconductor, Inc. and Infineon Technologies AG.
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Wearable Sensors Market Segmentation -
Wearable Sensors Market by Application
• Smart wristwear
• Smart glasses
• Smart bodywears
• Smart footwear
• Other wearable devices
Wearable Sensors Market by End-users
• Consumer applications
• Healthcare applications
• Enterprise and industrial applications
Wearable Sensors Market by Type
• Motion sensors
• Medical based sensors
• Image sensors
• Position sensors
• Pressure sensors
• Inertial sensors
• Other sensors
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