Overview:

The global wearable sensors market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The sensors integrated into wearable devices or products are called as wearable sensors. These sensors are used to monitor parameters such as pressure, temperature, pulse rates, and other general body related stats.

Market Dynamics:

Rising demand for body wears, smart watches, wrist wear, and smart eyewear’s among population across the globe is propelling demand for wearables, which is indirectly propelling demand for wearable sensors. This is a key factor driving growth of the global wearable sensors market. In addition, miniaturization of wearable technology is further boosting demand for advance and efficient sensors, which is another factor expected to drive growth of the global market to significant extent during the forecast period. Growing adoption for smart medical devices is another factor expected to propel demand for wearable sensors for real time health monitoring over the next ten years.

Moreover, increasing adoption of connected devices is expected to further boost demand for wearable sensor technology over the forecast period. However, lack of global standards for sensors is one of the key factors hampering growth of the global market to certain extent.  

Key Trend:

Growing focus on product launches by major players in order to enhance the product portfolio is a key trend observed in the global wearable sensors market. In May 2020, Philips launched wearable biosensors namely Philips Biosensor BX100. These sensors will aid in early patient weakening detection along with clinical surveillance for Covid-19.

Regional Analysis:

For detailed understanding of market dynamics, the global Wearable Sensors Market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to witness fastest growth in the target market over the forecast period. This growth in the Asia Pacific region can be attributed to presence of key sensor manufacturing companies coupled with rising popularity of wearable technology in countries in the region. In addition, increased adoption of wearable sensors from healthcare sector is another key factor expected to drive the growth of the target market in Asia Pacific region.

Scope of the Report:

Detailed Segmentation:

Global Wearable Sensors Market, By Type:

• Accelerometer
• Gyroscope
• Optical
• Force and Pressure
• Temperature
• Medical Based Sensors
• Others

Global Wearable Sensors Market, By Application:

• Wristwear
• Eyewear
• Footwear
• Neckwear
• Bodywear
• Other

Global Wearable Sensors Market, By Vertical:

• Consumer Goods
• Healthcare
• Industrial
• Other

Key Players Covered:

Key players operating in the market includes, STMicroelectronics, TE Connectivity LTD., Infineon Technologies AG, NXP Semiconductors, Knowles Electronics, LLC., Robert Bosch GmbH, Invensense, Inc., Mcube, Inc., Sensirion AG, and AMS AG.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Wearable Sensors Market by type, application, vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global wearable sensors market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.