Wearable Sensor Market by Type (Motion, Pressure, Temperature, Medical & Others), Application (Wristwear, Eyewear, Footwear, Bodywear), Industry Verticals (Consumer, Healthcare, Enterprise) and Geography - Global Forecast to 2020

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Nov 26, 2014, 08:01 ET

LONDON, Nov. 26, 2014 /PRNewswire/ -- The global sensors in wearable electronic products market size is expected to grow at a CAGR of 48.40%, and cross $654.16 million by the end of 2020, with steady sales of wrist wear and foot wear category, along with the emergence of small market size for eye wear and body wear category. Wearable computers are small electronic devices that are worn by the user, which assist mobile computing and wireless networking. The term "Wearable Electronics" refers to any electronic device or product which can be worn by a person to integrate computing in his daily activity or work and use technology to avail advanced features and characteristics. Concerted efforts from industry and academia for over two decades have resulted into host of sophisticated products and devices being launched in the market. The potential of the industry can be gauged by the fact that both - the big and established players and small start-ups have up their ante in sensors used in wearable electronics market.

Sensors in wearable electronics are in demand due to increasing industrial & enterprise applications, consumer applications, healthcare applications and others. Few challenges which they are facing include technology awareness and educating people on the usage of sensors in wearable electronics and also reduction of integration problems.

The report is based on the extensive research study of the sensors in wearable electronics market and aimed at identifying the entire market by type, application, industry verticals, and geographical split. The sensors in wearable electronics market are segmented geographically into four major regions namely: the Americas, Europe, Asia-Pacific, and Rest of the World. America is believed to be the largest producer of sensors in wearable electronic devices followed by Europe and Asia-Pacific.

The major players in market are Analog Devices, Inc. (U.S.), Freescale Semiconductor Inc. (U.S.), Infineon Technologies AG (Germany), Panasonic Corporation (Japan), and among others.

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