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Global Wearable Sensors Market Technological Advancements and Competitive Insights from 2018 till 2024
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During the forecast period, it is expected that the largest application area of wearable sensors will be bodywear. The incorporation of bodywear sensors across healthcare, electronic, and commercial industries is expected for the faster growth of the category during the forecast period. Apart from bodywear, wearable sensors find its application in wristwear, eyewear, footwear, neckwear, and others.
Asia-Pacific is expected to project the fastest growth in the wearable sensors industry during the forecast period. The increasing number of original equipment manufacturer (OEMs) across the region that focus on the development of cost-effective sensors using IMUs (inertial measurement unit) and MEMS (micro electro mechanical systems) technology is primarily driving the growth of wearable sensors market in APAC.
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Some of the leading players in the wearable sensors industry include InvenSense, Inc., NXP Semiconductors N.V., Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments Incorporated, KIONIX, Inc. (ROHM Co., Ltd.), TE Connectivity Ltd., Analog Devices, Inc., ZOLL Medical Corporation (Asahi Kasei Corporation), and Infineon Technologies AG.
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