Press release
Global Body Area Network Market to Reach $30.24 billion by 2030: Allied Market Research
Surge in health awareness among the consumers, rise in penetration of AI in healthcare industry, and advancement of IoT and integration of wireless technology drive the growth of the global body area network market. However, the outbreak of the COVID-19 pandemic led to the global lockdown and temporary closure electronics and semiconductor industries, thereby adversely affected the body area network market.According to the report published by Allied Market Research, the global body area network market generated $10.29 billion in 2020, and is projected to reach $30.24 billion by 2030, witnessing a CAGR of 11.6% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Surge in health awareness among the consumers, rise in penetration of AI in healthcare industry, and advancement of IoT and integration of wireless technology drive the growth of the global body area network market. However, high initial cost of body area network devices restrains the market to some extent. On the other hand, rise in investment on building connected ecosystem presents new opportunities in the upcoming years.
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The report offers detailed segmentation of the global body area network market based on components, connectivity, device type, end user, and region.
Based on device type, the wearable devices segment held the highest market share in 2020, holding around four-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 11.8% from 2021 to 2030.
Based on components, the sensors segment held the largest market share in 2020, holding one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 13.8% from 2021 to 2030.
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding nearly one-third of the global body area network market, and is estimated to continue its dominant share by 2030. However, Asia-Pacific region is projected to manifest the fastest CAGR of 13.5% during the forecast period.
Key Benefits For Stakeholders
This study comprises analytical depiction of the global body area network market along with the current trends and future estimations to depict the imminent investment pockets.
The overall body area network market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current body area network market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and the body area network market share of key vendors.
The report includes the market trends and the market share of key vendors.
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Key Market Segments
By Device Type
Implantable Devices
Wearable Devices
Smartwatches
Fitness Bands
Others
By Components
Processors
Memory Modules
Displays
Sensors
Electromechanicals
Communication & Interface Components
Others
By Connectivity
Bluetooth
Wi-Fi
ZigBee
Others
By End User
Healthcare
Sports
Fitness
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Players
Apple Inc.
Fitbit, Inc.
Fossil Group, Inc.
Garmin Ltd.
Google LLC (Alphabet Inc.)
Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
Sensoria Inc.
TomTom International B.V.
Xiaomi Corporation
United States
USA/Canada :
+1-800-792-5285
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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