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Body Area Network Global Market 2024 Key Insights Trends and Industry Analysis
Body Area Network Global Market
As per the report, the body area network market size has grown rapidly in recent years. It will grow from $11.97 billion in 2023 to $13.30 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The body area network market size is expected to see rapid growth in the next few years. It will grow to $20.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%.
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What Is Driving The Growth Of The Global Body Area Network Market?
Smartwatches Driving Growth In The Body Area Network Market
The increasing demand for smartwatches is expected to propel the growth of the body area network market going forward. Smartwatches are wearable devices that combine traditional wristwatches with a smartphone's functionality. The demand for smartwatches is due to increasing awareness and interest in health and fitness tracking capabilities and the integration of smartwatches into healthcare systems for remote patient monitoring and early detection of health issues. The body area network leverages smartwatches' capabilities to offer comprehensive health monitoring, personalized insights, and seamless connectivity. These features empower users to manage their health proactively and engage more actively in their healthcare journey. Furthermore, in January 2022, according to the Consumer Technology Association, a US-based trade organization, shipments of smartwatches are expected to bring in $7.1 billion this year, an 8% increase over 2021. Therefore, the increasing demand for smartwatches is driving the growth of the body area network market.
What Is The Key Trend In The Global Body Area Network Market?
Innovative Advancements In Full-Body Motion Tracking Technology
Major companies operating in the body area network market are focused on developing innovative technologies, such as full-body motion tracking, to enhance the capabilities of wearable devices within body area networks. Full-body motion tracking refers to the technology and methods used to capture and analyze the movements of an entire human body in real-time or during specific activities.
How Is The Global Body Area Network Market Segmented?
The body area network market covered in this report is segmented -
1) By Device: Wearable Devices, Implantable Devices
2) By Components: Displays, Application Processors And Memory Modules And Pulse Generators, Electromechanicals, Communication And Interface Components, Power Management Units, Sensors, Other Components
3) By Connectivity: Bluetooth, Wireless Fidelity (Wi-Fi), ZigBee, Other Connectivities
4) By End User: Healthcare, Sports, Fitness, Other End Users
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How Is The Competitive Landscape Of The Global Body Area Network Market?
Major companies operating in the body area network market are Samsung Electronics Co. Ltd., Sony Corporation, Intel Corporation, Panasonic Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Xiaomi Corporation, Fujitsu Limited, Nokia Corporation, Texas Instruments Inc., Philips Healthcare Inc., STMicroelectronics, Infineon Technologies AG, Murata Manufacturing, NXP Semiconductors N.V., Analog Devices Inc., Garmin Ltd., DexCom Inc., Mobvoi Information Technology Company Limited, Suunto Oy, Withings, GOQii Technologies Pvt Ltd, BRAGI GmbH, Jawbone Inc., Sensoria Inc.
Contents Of The Global Body Area Network Market
1. Executive Summary
2. Body Area Network Market Report Structure
3. Body Area Network Market Trends And Strategies
4. Body Area Network Market - Macro Economic Scenario
5. Body Area Network Market Size And Growth
…..
27. Body Area Network Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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