DUBLIN, Aug. 31, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/d5t2zt/canada_wearable) has announced the addition of the "Canada Wearable Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
The Canada wearable sensors market is expected to increase to $14.04 million by 2018 at a CAGR of 44.23% over the period 2014-2020
Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate, which is driving the healthcare industry as it enables remote data access. The market is driven due to the rising awareness of health and fitness, where wearable sensors play a vital role. The falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. Increasing demand across various application sectors such as wearable technology for fitness, healthcare and security is driving the Canada wearable sensors market to grow lucratively.
The rising market of smartphones and tablets is enabling the integration of wearable devices with the smartphones. Wrist wear segment holds the majority of the market share and is anticipated 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. Canada is one of the highest penetrations for wearable sensors as they are the early adapters of newer technology. The dominance is due to the urge to maintain a healthy lifestyle in Canada. Rapid increase in technological advancements in this country is also contributing to the growth of Canada wearable sensors market.
The Canada Wearable Sensors Market is segmented on the basis of
- Type (Motion, Inertial, Temperature, Pressure, Image, and Others)
- Industry (Healthcare, Consumer Applications, Sports/Fitness, Industrial, Entertainment & Media, and Others).
- Freescale Semiconductor
- Analog Devices
- Infineon Technologies
- General Dynamics
For more information visit http://www.researchandmarkets.com/research/d5t2zt/canada_wearable
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SOURCE Research and Markets