Press release
Wearable Temperature Sensors Market 2022-2027 skyrocketed revenue with key players Panasonic Corporation, Maxim Integrated
Latest research on Wearable Temperature Sensors Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Wearable Temperature Sensors market. This report included a special section on the Impact of COVID19. Also, Wearable Temperature Sensors Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment's outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Wearable Temperature Sensors industry.Wearable Temperature Sensors Market is growing at a CAGR of 8.30% during the forecast period (2021-2026).
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The Wearable Temperature Sensors market is highly competitive and consists of a number of major players. Top Companies like Panasonic Corporation, Maxim Integrated, STMicroelectronics, Texas Instruments Inc, Infineon Technologies AG, Freescale Semiconductor Inc, Measurement Specialties Inc, General Dynamics Corporation, Analog Devices Inc, ABB Ltd.
Industry News And Developments:
- September 2018 - Maxim Integrated Products, Inc. unveiled its Health Sensor Platform 2.0 (HSP 2.0) to create wearable solutions that enabled the monitoring of various health parameters including electrocardiogram (ECG), heart rate, and temperature monitoring. The data collected by the HSP 2.0 can be owned by the wearer, alleviating data privacy concerns and allowing users to conduct their own data analysis. Data is stored on the platform for patient evaluation or streamed to a PC for analysis.
Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Wearable Temperature Sensors market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Wearable Temperature Sensors Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Scope of the Report
- Wearable temperature sensors can continuously monitor various health aspects namely the heart rate, body temperature, and pulse rate. Enhanced awareness regarding fitness and health in the people of all the age groups is driving the growth for body-worn temperature sensors.
- Further, the advent of new and advanced wearable devices such as smarter, smaller, and low-cost sensors and the rising adoption of artificial intelligence along with the Internet of Things is further estimated to ensure the growth of the global wearable sensor market which in return will create a positive outlook for wearable temperature sensors market throughout the forecast period.
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Key Market Trends
Smart Watches Have Significant Growth
- Wearable temperature sensor products vary from in-the-ear to bio-stickers that can be worn on the skin for people of all age groups. With the onset of technologies such as advanced patient monitoring systems and portable health monitoring systems, demand for temperature sensors is on the rise.
- Smart watches have taken the world of wearable technology by storm due to owing features such as human comfort, convenience, security and for monitoring health conditions. As a result, smartwatches are receiving greater attention because of their facile interaction with the human body, such as monitoring heart rate, wrist pulse, motion, blood pressure, intraocular pressure, and other health-related conditions.
Asia-Pacific to Witness the Fastest Growth
- Asia-Pacific is expected to witness the fastest growth because of the presence of two highly populated countries i.e. China and India. In these two countries, the increase in disposable income will act as a supplement for the growth of the wearable temperature sensors market.
- With the increasing smartphone sales in Asia-Pacific, it is evident that cellphones have become an integral part of life for many peoples residing here. Moreover, advancements in technologies have been encouraging the wearable manufacturers to come up with innovative ideas to embed the sensors into smartwatches and monitor the changes using Android and iOS apps. Thus, the rising trend of the smart wearable and is expected to make these countries key revenue pockets for this market.
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.
-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.
-Analytical Tools: Wearable Temperature 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, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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