Press release
United Kingdom Wearable Sensors Market 2021 Insights with Statistics and Growth Prediction - Infineon Technologies UK Ltd., STMicroelectronics Ltd., Panasonic UK Ltd
The United Kingdom Wearable Sensors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The U.K. wearable sensors market is estimated to grow at a CAGR of about 39.50% over the forecast period 2020 to 2025.
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Top Leading Companies of United Kingdom Wearable Sensors Market are Infineon Technologies UK Ltd., STMicroelectronics Ltd., Panasonic UK Ltd., NXP Semiconductors UK Ltd., TE Connectivity Ltd., Siemens PLC, Texas Instruments UK, Analog Devices International, ABB Ltd., Ilika PLC, Knowles Precision Devices, dorsaVi Ltd, Maxim Integrated Products UK Ltd. and others.
Industry News and Updates
- April 2020 - Infineon Technologies AG announced the closing of the acquisition of Cypress Semiconductor Corporation. The San Jose-based company has become part of Infineon useful as of the Closing. The addition of Cypress lets Infineon further strengthen its focus on structural growth drivers and a broader range of applications.
- March 2020 - TE Connectivity Ltd., a global industrial technology company with leading positions in connectivity and sensing solutions, completed its public takeover of First Sensor AG. TE now holds 71.87% shares of First Sensor. The business combination with First Sensor is a milestone in TE Connectivity's commitment to being a leader in the sensor space and continuing to provide customers with a high level of product innovation and service.
Key Market Trends
Healthcare Sector Expected to Occupy the Highest Market Share
- The demand for wearables with health applications is firmly on the surge in the UK. As patients are increasingly utilizing wearable technology and mobile apps in health monitoring and management, healthcare service administration is changing. The digitization of healthcare is being realized, with many providers and patients already utilizing AI-powered healthcare services, including home-based diagnostics, and virtual health assistants. One such instance would be Babylon Health in the UK.
- Another typical example of wearable healthcare technology that has a practical application is Current, who has designed a wearable device that can remotely monitor patients after their discharge from the hospital. The device uses Artificial Intelligence (AI) to analyze patient data delivering actionable insights to clinicians. The Dartford and Gravesham NHS Trust Hospital reported a 22% reduction in-home visits after deploying the technology.
- Wearables as medical technologies are growing an integral part of measuring physical status, personal analytics, recording physiological parameters, or informing schedule for medication. In the UK, businesses developing wearable devices for the healthcare sector will continue to witness the market expansion, with AI ecosystem assets such as Machine Learning, Smartphone apps, among others, expected to have a profound impact on the delivery of care.
Regional Outlook of United Kingdom Wearable Sensors Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The United Kingdom Wearable Sensors Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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