The global wearable sensors market size is anticipated to reach USD 2.86 billion by 2025,
according to a new report by Grand View Research, Inc., progressing at a
phenomenal CAGR of 38.8% during the forecast period. Wearable sensors are a
vital aspect of wearable devices owing to growing focus on health and fitness
monitoring activities. Wearable sensors are emerging as a revolution in
monitoring healthcare and fitness parameters and reducing overall hospital cost
for patients.
Wearable sensors are expected to gain
traction over the forecast period. The application of these sensors in fitness
bands is estimated to hold largest market share in 2016. However, the smart
watch segment is anticipated to exhibit the highest CAGR during the forecast
period. The growth of the segment is accredited to its capabilities in
monitoring and rendering a comprehensive analysis of user activities. As
technology advances, end users such as Apple, Samsung, and Fossil are focusing
on providing game-changing products, which is a key determinant driving the
popularity of wearable sensors.
The consumer segment is expected to remain
dominant with fitness tracking emerging as a key trend among users in the
recent past. Increase in demand for wearable sensors for remote monitoring of
health and fitness through motion sensing technologies and data analysis
techniques is anticipated to be a major factor driving segment growth. The
healthcare vertical is anticipated to grow at a healthy CAGR over the forecast
period, fueled by technological developments in remote monitoring.
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https://www.grandviewresearch.com/industry-analysis/global-wearable-sensor-market
https://www.grandviewresearch.com/industry-analysis/global-wearable-sensor-market
Further key findings from the report suggest:
· The global wearable sensors market
accounted for USD 149.3 million in 2016 and is expected to grow at a CAGR of
38.8% from 2017 to 2025
· The smart watch segment is anticipated to
reach USD 1,083.3 million by 2025 and is expected grow at a high rate over the
forecast period
· The fitness band segment dominated the
market in 2016, with an estimated USD 48.5 million
· The consumer vertical emerged as the
largest segment and is estimated to generate revenue over USD 1,253.5 million
by 2025
· Demand for wearable sensors in defense is
anticipated to witness moderate growth over the forecast period
· Asia Pacific is expected to be the
fastest-growing region over the forecast period. Numerous enterprises and
several new players within China and Japan have been investing in advanced
sensor manufacturing. The regional market is expected to exhibit a CAGR of
41.0% over the forecast period
· Key players in the wearable sensors market
include Robert Bosh GmbH, STMicroelectronics N.V., NXP Semiconductors N.V.,
Texas Instruments, and Knowles Electronics, LLC.
Grand View Research has segmented the
global wearable sensors market on the basis of sensor type, device, vertical,
and region:
Wearable Sensor Type Outlook (Revenue, USD
Million, 2014 - 2025)
·
Accelerometer
·
Gyroscope
·
Optical
·
Force & pressure
·
Inertial sensor
·
Temperature
·
Magnetometers
·
Medical based sensors
·
Others
Wearable Sensors Device Outlook (Revenue,
USD Million, 2014 - 2025)
·
Smart Watch
·
Fitness band
·
Smart glasses
·
Smart fabric
·
Smart footwear
·
Other wearable
Wearable Sensors Vertical Outlook (Revenue,
USD Million, 2014 - 2025)
·
Consumer
·
Defense
·
Healthcare
·
Industrial
·
Others
Wearable Sensors Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
MEA
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
