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Global Industry Insight: Wearable Sensors Market Development and Demand Forecast to 2020

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Key findings of Wearable Sensors Market:

The key findings of the report “Global Industry Insight: Global Wearable Sensors Market Development and Demand Forecast to 2020” are following:

  • Global wearable sensors market is driven by the rise in home and remote patient monitoring, and technical advancement such as integration of sensors and sensors innovations towards miniaturization.
  • Wearable sensors market is expected to witness significant growth in smart glasses application during the forecast period, influenced largely by the launch of Apple Smart Watch in 2015.
  • Asia-Pacific is expected to dominate wearable sensors market surpassing the revenues of North America during the forecast period.

Global wearable sensors market is increasing at a steady rate due to advancements in sensor technologies, wireless communication, power supply technologies and others. With increase in innovation techniques, global wearable sensors market is expected to grow at a significant rate in the coming years.

With increasing personal care and health consciousness, for tracking biometrics such as calories burnt, heart rate and others, the demand for wearable fitness trackers and other wearables are increasing. Rapid expansion of internet of things (IoT) is driving demand of wearable sensors devices in various application areas such as healthcare and fitness, consumer electronics and others. High power usage, privacy and security concerns, and technical difficulties are some of the major hindrance in wearable sensors market.

Wearable sensors market is expected to witness rapid development and mainstream acceptance in smart textiles. Smart textiles have sensors embedded in fabric, and sports industry is the earliest adopter of e-textiles. With increasing population and awareness towards health, people have started adopting wearable sensors for physiological monitoring, remote patient monitoring and personal healthcare facilities. With the miniaturization of sensors and continuous on-chip integration of sensors, such as image sensor, motion sensor, proximity sensor and others, the demand of wearable sensors market is growing. Whereas, the high prices of body and eye wears are limiting the growth of sensors in wearables. Motion sensors represent the dominant technology in the wearables.

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The North American wearable sensors market holds the largest share in global wearable sensors compared to other regions. It is then followed by Europe and Asia-Pacific. High adoption of smart sensors in wearable is due to the high adoption rate of digital components in consumer electronics, smart textiles, fitness and sports market in North America. Large population and high obesity rate is further propelling the market growth of smart wearable devices in this region. The growth of the European wearable sensors market is driven by several factors such as the technological innovations leading to the introduction of new products, increasing incidences of chronic diseases and surging population of diabetic patients.

Consumers of Europe are more likely to use either watches or health monitors on their wrists than gadgets that are built-in their clothes or eyewear. Asia-Pacific region is estimated to be the fastest growing market for wearable sensors during the forecast period. The growth of wearable sensors market in this region is due to growing healthcare industry, consumer awareness towards health and fitness, coupled with technology and computing in daily life. The consumers of Japan, South Korea and China are developer and fast adopters of new technology.

The major companies operating in the market include InvenSense, Inc., NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc., Analog Devices, Inc., ZOLL Medical Corporation (Asahi Kasei Corporation), Freescale Semiconductor, Inc., and Infineon Technologies AG.

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Wearable Sensors Market Segmentation

Wearable Sensors Market by Application

  • Smart wristwear
  • Smart glasses
  • Smart bodywears
  • Smart footwear
  • Other wearable devices

Wearable Sensors Market by End-users

  • Consumer applications
  • Healthcare applications
  • Enterprise and industrial applications

Wearable Sensors Market by Type

  • Motion sensors
  • Medical based sensors
  • Image sensors
  • Position sensors
  • Pressure sensors
  • Inertial sensors
  • Other sensors

Geographical Segmentation

Wearable Sensors Market by Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The U.K.
    • Netherland
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World (ROW)
    • Brazil

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