The Overall Wearable Sensors Market Was Valued at USD 189.4 Million in 2015 and is Expected to Reach USD 1,654.0 Million by 2022, Growing at a CAGR of 30.14% Between 2016 and 2022
The growth of this market is propelled by the increasing advancement toward smaller, smarter, and cheaper sensors, miniaturization trend in sensors, rising share of aging population, and mounting benefits of wearable devices in the healthcare sector. The market is further driven by advent of platforms such as IoT, AR, and M2M, growing interest of Tier I players in wearable ecosystem, and growing trend toward smart living among end users.
This report covers the wearable sensors market based on type, application, vertical, and geography. In terms of type, pressure and force sensors are expected to hold a major market size during the forecast period. The growing usage of wearable devices such as smart watches and fitness bands is likely to drive the market for pressure and force sensors. These devices have created awareness among people to be fit and healthy by continuous monitoring of their health. Also, smart watches have an advantage of tracking the user's outdoor activities such as trekking, cycling, and fishing. Thus, pressure and force sensors are widely used in many sectors such as consumer electronics, medical, and healthcare for a variety of applications such as smart shoes and smart socks.
The market for the bodywear application is expected to grow at the highest rate between 2016 and 2022. Rapid changes in terms of manufacturing technology, innovation, and technical advancements in various industries are expected to drive the market for the bodywear application. The significant growth of the bodywear segment can be attributed to the growing popularity among the youth and the increasing need for continuous health monitoring and safety in sports and industrial sectors.
The market for the consumer goods vertical is expected to grow at the highest rate between 2016 and 2022. Applications such as fitness and sports, infotainment and multimedia, and garments and fashion are majorly considered under the consumer goods vertical. The increasing demand for smart gadgets and gaming devices for interactive gaming and entertainment in the consumer goods sector is driving the growth of the wearable sensors market for the consumer goods vertical.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Wearable Sensors Market, by Type
8 Key Technologies in Wearable Sensor
9 Wearable Sensors Market, by Application
10 Wearable Sensors Market, by Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- AMS AG
- Analog Devices, Inc.
- Arm Holdings Plc.
- Asahi Kasei Corporation
- Broadcom Limited (Avago)
- Infineon Technologies AG
- Invensense, Inc.
- Knowles Electronics, Llc.
- mCube, Inc.
- NXP Semiconductors
- Panasonic Corporation
- Robert Bosch Gmbh
- Sensirion AG
- TE Connectivity Ltd.
- Texas Instruments Inc.
For more information about this report visit http://www.researchandmarkets.com/research/gzwb8m/wearable_sensors
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SOURCE Research and Markets