Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Global Wearable Sensors Market is set to reach USD 4 billion by 2024

Author: Birendra Kumar
by Birendra Kumar
Posted: May 23, 2020

The global wearable sensors market is projected to witness considerable growth, at CAGR 32.4% during the forecast period attaining a market size of USD 4 billion by 2024. The primary factors responsible for the leading growth of the market include the rise in usage of biosensors; increasing adoption of wireless sensing and continuous monitoring devices with the advent of technological platforms such as internet of things (IoT), virtual reality (VR) and augmented reality (AR); and surge in demand of compact and cost-effective sensors.

Moreover, major players are inclining their focus on the wearable sensing technology and incorporating it into their product portfolio to offer smart solutions to their consumers, which is boosting the market growth.

Based on type, the wearable sensors market is fragmented into medical based sensors, image sensors, motion sensors, pressure sensors, position sensors, inertial sensors, and others. Among these, motion sensors lead the market by size and are also anticipated to witness significant growth, at CAGR 33.1% during the forecast period. The advantages of motion sensors in monitoring and tracking have led to its increased usage across the residential, commercial, and varied industrial application.

Browse Full Research Report Description at https://www.vynzresearch.com/semiconductor-electronics/wearable-sensors-market

During the forecast period, it is expected that the largest application area of wearable sensors will be bodywear. The incorporation of bodywear sensors across healthcare, electronic, and commercial industries is expected for the faster growth of the category during the forecast period. Apart from bodywear, wearable sensors find their application in wristwear, eyewear, footwear, neckwear, and others.

Asia-Pacific is expected to project the fastest growth in the wearable sensors industry during the forecast period. The increasing number of original equipment manufacturers (OEMs) across the region that focus on the development of cost-effective sensors using IMUs (inertial measurement unit) and MEMS (micro-electro-mechanical systems) technology is primarily driving the growth of wearable sensors market in APAC.

Some of the leading players in the wearable sensors industry include InvenSense, Inc., NXP Semiconductors N.V., Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics N.V., Texas Instruments Incorporated, KIONIX, Inc. (ROHM Co., Ltd.), TE Connectivity Ltd., Analog Devices, Inc., ZOLL Medical Corporation (Asahi Kasei Corporation), and Infineon Technologies AG.

Global Wearable Sensors Market Coverage

Type Insight and Forecast 2014-2024

  • Medical-Based Sensors
  • Image Sensors
  • Motion Sensors
  • Pressure Sensors
  • Position Sensors
  • Inertial Sensors
  • Others

Application Insight and Forecast 2014-2024

  • Wristwear
  • Eyewear
  • Footwear
  • Neckwear
  • Bodywear
  • Others

Vertical Insight and Forecast 2014-2024

  • Industrial
  • Consumer
  • Healthcare
  • Others

Geographical Segmentation

Cybersecurity Market by Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • The U.K.
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Brazil
  • South Africa
  • Other Countries

Contact Us:

VynZ Research

Call: +91-996-028-8381

Toll-Free (U.S. and Canada): +1-888-253-3960

Email: enquiry@vynzresearch.com

About the Author

I'm working as digital marketing manager

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Birendra Kumar

Birendra Kumar

Member since: Sep 23, 2019
Published articles: 17

Related Articles