Global Wearable Sensor Market to Expand at 45.20% CAGR from 2014 to 2020 owing to Growing Healthcare Concerns

ResearchMoz added Latest Research Report titled " Wearable Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 " to it's Large Report database.

Wearable sensors are Micro-Electromechanical Systems (MEMs) based sensors which can sense and process the surrounding environment. Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate. The market is primarily driven due to the rising awareness of health and fitness, where wearable sensors play a major role. Moreover, the falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. In addition to this, the wearable sensors are also being used to monitor patients in the healthcare industry as it enables remote data access.

The global wearable sensors market is expected to witness a significant growth during the forecast period. This is due to its increasing demand across various application sectors such as wearable technology for fitness, healthcare and security. The increase in demand of wearable technology is also driving the wearable sensors market. In addition, the growing market of smartphones and tablets is also enabling the integration of wearable devices with the smartphones.

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Presently, wrist wear segment holds the majority of the market share and is expected to dominate the market during the forecast period. The introduction of smart watches from companies like Samsung, Sony and Nike among others has given a boost to this market. Furthermore, the foot wear application market is also expected to grow rapidly during the forecast period.

Adoption of high end technologies such as smart wearables is also creating new opportunities for the wearable sensors manufacturers globally. However, the case of security concerns such as important data being shared is acting as a restraint. The rising awareness and concern over health and fitness is also helping the market to grow. With the introduction of fitness band that can be worn and connected with smart phones to display the data is also supporting the growth of the market. Geographically, North America has the highest penetration for wearable sensors as they are the early adapters of newer technology. However, the Asia Pacific region is expected to show the highest rate due to the presence of developing nations like India and China.

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Table of Contents

Chapter 1 Preface
1.1 Research description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market overview
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
3.3.1 Increasing demand of advanced wearable devices
3.3.2 Application of wearable sensors for fitness and health monitoring devices
3.3.3 Decrease in price of raw materials for manufacturing wearable sensors
3.4 Market restraints
3.4.1 Security and compliance issues
3.5 Market opportunities
3.5.1 Increasing penetration of smart devices
3.5.2 Integration of wearable sensors for health monitoring
3.5.3 Wearable sensors as a new dimension to security
3.5.4 Open Data Ecosystem through wearable devices

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