DUBLIN, Aug. 31, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/mzwp7j/europe_wearable) has announced the addition of the "Europe Wearable Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
The Europe wearable sensors market is expected to increase to $78.82 million by 2018 at a CAGR of 43.88% 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 Europe 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. The augmentation of the European wearable sensors market is driven by factors such as the technological innovations leading to the introduction of new products, rising incidences of chronic diseases and surging population of diabetic patients. European consumers are more likely to use either watches or health monitors on their wrists than gadgets that are built-in their clothes or eyewear.
The Europe 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/mzwp7j/europe_wearable
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SOURCE Research and Markets