Wearable Sensors Market is estimated to be US$ 5578.0 million by 2030 with a CAGR of 26.0% during the forecast period
Wearable Sensors Market accounted for US$ 565.05
million in 2020 and is estimated to be US$ 5578.0 million by 2030 and is
anticipated to register a CAGR of 26.0%. A wearable sensor is a
technology gadget that people wear to track information about their health and
fitness. These sensors are embedded in clothing or other fashion accessories
and used to monitor and diagnose vital indicators such as heart rate, blood
pressure, and other metabolic activities using wired or wireless devices.
Physiological and biological monitoring are made easier by wearable sensors.
The former aids in the diagnosis and follow-up of many neurological,
cardiovascular, and pulmonary diseases, such as hypertension, asthma, and
others. In rural locations where there are no remote monitoring systems, motion
sensors are being used at medical facilities.
The report " Global Wearable Sensors
Market, By Type (Accelerometers, Magnetometers, Gyroscopes, Image Sensors,
Inertial Sensors, Temperature & Humidity Sensors, Pressure & Force
Sensors, Touch Sensors and Motion Sensors), By Application (Wristwear, Eyewear,
Bodywear) and By Region (North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa) - Market Trends, Analysis, and Forecast till
2030’’
Key Highlights:
·
KAIST (Korea
Advanced Institute of Science and Technology) researchers have developed a
3D-printed pressure sensor. To generate a soft and flexible sensor, the gadget
mixes a stiff microbump array with liquid metal elements. Highly sensitive
soft-pressure sensors, according to the KAIST researchers, are appropriate for
electronic skin applications, wearable electronics, and soft robotics.
·
September 2020
- Ams, a provider of high-performance sensor solutions, has announced the
release of the industry's thinnest dedicated sensor for the measurement of
blood oxygen saturation (SpO2), bringing the ability to remotely monitor this
critical sign to small consumer products like earbuds, smartwatches, and
wristbands, as well as medical devices like oximeters and patches.
Analyst View:
The use of microelectronics to miniaturize
sensors has proven critical in the development of wearable devices. The size of
the sensors is one of the most significant barriers to sensing technology
adoption, particularly in wearable electronics. The hardware components collect
physiological and mobility data that can be used for long-term monitoring.
Major businesses like STMicroelectronics, NXP Semiconductors, and Broadcom are
aggressively investing in R&D. Another important market driver is the
growing usage of sensors based on MEMS, nanoelectromechanical systems (NEMS),
and CMOS technologies.
Browse 60 market data tables*
and 35 figures* through 140 slides and in-depth TOC on “Global Wearable
Sensors Market, By Type (Accelerometers, Magnetometers, Gyroscopes, Image
Sensors, Inertial Sensors, Temperature & Humidity Sensors, Pressure &
Force Sensors, Touch Sensors and Motion Sensors), By Application (Wristwear,
Eyewear, Bodywear) and By Region (North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa) - Market Trends, Analysis, and Forecast till
2030”
Key Market Insights from the report:
Global Wearable Sensors Market accounted for US$ 565.05 million in
2020 and is estimated to be US$ 5578.0 million by 2030 and is anticipated to
register a CAGR of 26.0%. The Global
Wearable Sensors Market is segmented based on type, application and region.
·
Based on Type,
Global Wearable Sensors Market is segmented into Accelerometers, Magnetometers,
Gyroscopes, Image Sensors, Inertial Sensors, Temperature & Humidity
Sensors, Pressure & Force Sensors, Touch Sensors and Motion Sensors.
·
Based on
Application, Global Wearable Sensors Market is segmented into Wristwear,
Eyewear, Bodywear.
·
By Region, the
Global Wearable Sensors Market is segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of
Global Wearable Sensors Market:
The key players operating in the wearable sensor
market are STMicroelectronics N.V. (Switzerland), Infineon Technologies AG
(Germany), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany),
and InvenSense, Inc. (U.S.). Mergers and acquisitions, divestments, and new
product developments and launches are the key strategies adopted by the
established market players. A few emerging players are also involved in
obtaining funding for their product developments and launches
The market provides detailed information
regarding the industrial base, productivity, strengths, manufacturers, and
recent trends which will help companies enlarge the businesses and promote
financial growth. Furthermore, the report exhibits dynamic factors including
segments, sub-segments, regional marketplaces, competition, dominant key
players, and market forecasts. In addition, the market includes recent
collaborations, mergers, acquisitions, and partnerships along with regulatory
frameworks across different regions impacting the market trajectory. Recent
technological advances and innovations influencing the global market are
included in the report.
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Some Important Points Answered in this Market
Report Are Given Below:
·
Explains an
overview of the product portfolio, including product development, planning, and
positioning
·
Explains
details about key operational strategies with a focus on R&D strategies,
corporate structure, localization strategies, production capabilities, and
financial performance of various companies.
·
Detailed
analysis of the market revenue over the forecasted period.
·
Examining
various outlooks of the market with the help of Porter’s five forces analysis,
PEST & SWOT Analysis.
·
Study on the
segments that are anticipated to dominate the market.
·
Study on the
regional analysis that is expected to register the highest growth over the
forecast period
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