Big Boom in Wearable Sensors Market Size Future Scope Demands and Projected Industry Growths to 2028

According to our latest market study, titled "Wearable Sensors Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Sensor Type, Application, Vertical, and Geography," the market is expected to grow from US$ 1,906.74 million in 2021 to reach US$ 5,762.57 million by 2028. It is estimated to grow at a CAGR of 17.1% from 2021 to 2028.

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The global wearable sensors market is segmented into five major regions - North America, Europe, Asia Pacific (APAC), and the Rest of the World. In 2020, APAC led the market with a substantial revenue share, followed by North America and Europe. The rapidly flourishing IoT landscape and miniaturization are trending in wearables technologies. Wearable technology integrates electronics into daily activities, thereby complementing the changing lifestyles. Wearable devices, including bodywear, wristwear, and eyewear, are being used in the healthcare and consumer electronic sectors.
Moreover, the elevating cases of cardiovascular diseases (CVDs) worldwide is a key factor that is contributing substantially to the rising uptake of wearable devices. According to the American Heart Association, ~17.0 million people die each year due to cardiac abnormalities, and the number is expected to rise to ~23 million by 2030. PPG sensors typically measure oxygen saturation, blood pressure, and cardiac output through a series of waves and peak detection.
Further, the increasing number of connected devices is fueling the demand for wearable sensors. According to Cisco Systems, in terms of volume, connected wearable devices surged from 325 million in 2016 to 529 million in 2018, particularly in healthcare applications. This trend is expected to continue in the near future, aiding the demand for connected wearable devices. With increasing investments by various industries in IoT and IoT sensors, the need for wearable devices across multiple sectors is expected to rise and create a massive opportunity for wearable sensors market players during the forecast period.

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The global wearable sensors market is assessed on four fronts:
• Sensor type
• application
• vertical
• geography
Based on sensor type, the market is segmented into:
• accelerometer
• gyroscope
• motion sensors
• image sensors
• position sensors
• pressure & force sensors
Touch sensors Based on application, the market is bifurcated into:
• smart wristwear
• smart glasses
• smart bodywear
• smart footwear
Based on vertical, the market is classified into:
• consumer electronics
• healthcare
• enterprise
• industrial
In terms of geography, the market is segmented into:
North America (the US, Canada, and Mexico)
Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe)
Asia Pacific (Australia, China, India, South Korea, Japan, and the Rest of APAC)
Rest of the World (Brazil, Argentina, UAE, and Other Countries)

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials

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