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Wearable Sensors Market to grow from USD 7.44 billion value in 2017 to a value of USD 24.62 billion by 2023 | Major Vendors - STMICROELECTRONICS, INFINEON TECHNOLOGIES AG, TEXAS INSTRUMENTS INCORPORATED, ANALOG DEVICES INC., INVENSENSE INC., amongst other
Market Analysis:Wearable sensors are trending in consumer electronics sector extensively. The emergence of cheap wearable fitness trackers has increased the consumption of wearable sensors immensely. Wearable sensors are highly significant, especially among smart wearable manufacturers, due to the rising health awareness amongst the current generation.
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In the current scenario, wearable sensors are integrated into garments and fashion accessories, such as hats, wristbands, socks, shoes, eyeglasses, and headphones to suit the user needs. High availability of the wearable sensors and increasing usage of analytics in the sports and medical sectors in critically driving the growth of the market globally. In the wearables industry, pressure sensors are gaining traction, due to its miniaturization factor. The low power consumption and possible sizes are the major factors that give a competitive edge to the pressure sensors over others
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Market Segments:
Wearable Sensors Market is segmented by:
1. Type of Sensor: Temperature, Pressure, Image/Optical, Motion, Others
2. Application: Health and Wellness, Safety Monitoring, Sports and Training, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• February 2018 - Texas Instruments has introduced the smallest operational amplifier (op amp) and low-power comparators at 0.64 mm2.
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