We are monitoring the impact of COVID-19 on Wearable Sensors Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 9423
Share on
Share on

Global Wearable Sensors Market - By Type (Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Motion Sensors, Pressure & Force Sensors, Temperature & Humidity Sensors, Medical-based Sensors, Image Sensors, Touch Sensors, and Other Sensors), By Technology (MEMS, CMOS, and Other Technologies), By Application (Wrist Wear, Eyewear, Footwear, Neckwear, Body Wear, and Other Applications), By Vertical (Consumer, Defense, Healthcare, Industrial, and Others) & By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Industry Analysis on Size, Share, Trends, Growth, Income & Forecast | 2021 - 2026

Pulished: April, 2021
ID: 9423
Pages: 130

Wearable Sensors Market

The global wearable sensors market is expected to grow with a CAGR of 19.15% over the forecast period 2021-2026. Wearable sensors fitted with the wearable clothes so that required data can be collected more easily. There are various types of sensors used, such as temperature sensors, pressure sensors, and motion sensors, and others, to collect and analyze various types of data related to the body. The development of technology is the key to innovations in the wearable sensors market.

Drivers:

The main factor contributing most to the market is an increase in awareness among people regarding their physical health. An increase in the geriatric population and the prevalence of unhealthy lifestyle, which has led to diseases like hypertension and cardiovascular diseases, has driven the growth of remote monitoring devices. The increase in overall spending on healthcare due to the rise in disposable income has also positively affected the market. By home and remote patient care, the number of visits to hospitals has been reduced, which is very helpful for the elderly and physically disabled people. The remote monitoring devices are also helpful in monitoring the sleep and are very helpful for patients and doctors. The growing integration of medical sensors in consumer electronics will support remote care will further contribute to the growing market. Growing awareness about fitness monitoring, the use of wearable sensors for sports, and training are some other factors that are expected to drive the growth of this market.

Challenges

The main challenge for the market is introducing such devices that can be integrated with maximum devices to increase the usage and efficiency. The high cost makes the devices unaffordable to many and thus is a major challenge for this market. The lack of government initiatives is not so modern countries have made their impenetrable due to less demand, and thus overcoming it will be difficult in the future.

Covid 19 Impact

Covid 19 has impacted the market in both ways. The lack of sports and training activities due to lockdown negatively affected the demand of the wearable sensors. The lockdown resulted in transportation problems and thus negatively affecting the supply of sensors. The covid 19 affects the people most with cardiovascular problems, and thus wearable sensors can help monitor the heart and protect from any potential fatal cardiac arrest. Thus the covid 19 has positively impacted the market in this way. The increased awareness to maintain and monitor the body vitals has also increased the prospects of these sensors in the future.

Segment Analysis

By Type

 1. Motion sensors

 2. Medical-based sensors

 3. Image sensors

 4. Position sensors

 5. Pressure sensors

 6. Inertial sensors

 7. Other sensors

Motion sensors had a significant market share in 2019 and are expected to grow with a positive rate in the future. These sensors collect the data whenever they detect a movement. These sensors are useful when activities like sports and training are being done, and it starts collecting data when the movement starts and stops collecting data when a movement stops.

Medical based sensors are expected to grow the highest among all other segments. The higher expenditure on medical has increased the growth rate of the market. These sensors are temperature-based and internal movement-based, and thus, any change in these factors will activate the sensors. These are of various types like Ventilator Sensors, Humidity Sensors, Photo Optic Sensors, and others.

Image sensors are also expected to grow with a good rate during the forecast period. Image sensors are used to click images whenever they detect any change around them. The sensitivity of the sensors determines it’s quality and usefulness.

The position sensors are expected to contribute significantly to the market growth due to its various applications.

By Application

1. Smart Wristwear

 2. Smart Glasses

 3. Smart Bodywear

 4. Smart Footwear

 5. Other Wearable Devices

Smart wristwear had the highest market share in 2019 and is expected to grow with a healthy rate during the forecast period. The introduction of new smart wristwear with different features and in different styles has contributed significantly to remote monitoring devices. The presence of a large number of companies ensures that new innovations are constantly being done to improve our product. The digital watches now a day helps in monitoring important body parameters and also helps in doing other works simultaneously.

The Smart Glasses sub-segment is also being expected to grow with a good rate during the forecast period. High investments The companies are now investing heavily in research and development of this technology that can revolutionize our communication and way of doing work.

By End Users

1. Consumer Applications

Healthcare Applications

Enterprise and Industrial Applications

Consumer application had the highest revenue share in 2019 with a good projected rate during the forecast period. The large variety of applications which can be catered by these devices simultaneously has made this sub-segment successful. Daily work like setting reminders, reading messages, sending messages, and taking calls are some of the general features in a smartwatch.

Healthcare applications are expected to grow fastest during the forecast period.  Measuring BP, Heart Rate, Calorie Intake, Calorie burned, and others are a few of the diverse functions that can be performed by smart sensors.

Regional Analysis

North America accounted for the largest share of the infusion pumps market in 2019, with a good growth rate in the future. The main contributing factors are the high adoption of specialty infusion pumps for the treatment of chronic diseases and the increasing prevalence of chronic diseases along with the rising geriatric population. The development of technology will further boost the hold of the region.

Europe had the second largest market share due to increasing awareness among people about the benefits of these sensors in our day to day life and for health purposes. A large number of dominant players in this region will ensure the growth rate.

Asia Pacific is expected to grow at the fastest rate among all regions. The major reasons are the increasing popularity of these sensors due to increasing awareness and a high population in countries like India and China, which control market growth. There is a huge potential of the market here, and this is going to be closely monitored.

Recent Market Developments

1. Wearable Tech Glove can translate sign language into speech in real-time.

2. Muse wearables, the startup incubated at IIT Madras by an alumni group along with an NIT Warangal alumnus, is planning to launch the wrist bands for monitoring the covid symptoms.

3. Wearable sweat sensors can detect health problems, thus avoiding the use of needle pricks

1. Introduction                        

            1.1 Market Definition             

            1.2 Scope of the report                       

            1.3 Study Assumptions                       

            1.4 Base Currency, Base Year and Forecast Periods             

2. Research Methodology                              

            2.1 Analysis Design               

            2.2 Research Phases               

                        2.2.1 Secondary Research      

                        2.2.2 Primary Research          

                        2.2.3 Data Modelling 

                        2.2.4 Expert Validation           

            2.3 Study Timeline                 

3. Report Overview                           

            3.1 Executive Summary                     

            3.2 Key Inferencees               

4. Market Dynamics                           

            4.1 Impact Analysis               

                        4.1.1 Drivers  

                        4.1.2 Restaints

                        4.1.3 Opportunities     

            4.2 Regulatory Environment             

            4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking                       

                        5.1.1 Market share analysis    

                        5.1.2 Products/Service            

                        5.1.3 Regional Presence         

            5.2 Mergers & Acquistion Landscape           

            5.3 Joint Ventures & Collaborations              

6. Market Segmentation                                 

            6.1 Wearable Sensors Market, By Type                     

                        6.1.1 Accelerometers  

                        6.1.2 Magnetometers  

                        6.1.3 Gyroscopes       

                        6.1.4 Inertial Sensors 

                        6.1.5 Motion Sensors 

                        6.1.6 Pressure & Force Sensors         

                        6.1.7 Temperature & Humidity Sensors        

                        6.1.8 Medical-based Sensors 

                        6.1.9 Image Sensors   

                        6.1.10 Touch Sensors 

                        6.1.11 Market Size Estimations & Forecasts (2019-2024)    

                        6.1.12 Y-o-Y Growth Rate Analysis  

                        6.1.13 Market Attractiveness Index   

            6.2 Wearable Sensors Market, By Technology                      

                        6.2.1 MEMS  

                        6.2.2 CMOS   

                        6.2.3 Market Size Estimations & Forecasts (2019-2024)      

                        6.2.4 Y-o-Y Growth Rate Analysis    

                        6.2.5 Market Attractiveness Index     

            6.3 Wearable Sensors Market, By Application                      

                        6.3.1 Wrist Wear        

                        6.3.2 Eyewear

                        6.3.3 Footwear           

                        6.3.4 Neckwear          

                        6.3.5 Body Wear        

                        6.3.6 Market Size Estimations & Forecasts (2019-2024)      

                        6.3.7 Y-o-Y Growth Rate Analysis    

                        6.3.8 Market Attractiveness Index     

            6.4 Wearable Sensors Market, By Vertical                 

                        6.4.1 Consumer          

                        6.4.2 Defense 

                        6.4.3 Healthcare         

                        6.4.4 Industrial           

                        6.4.5 Market Size Estimations & Forecasts (2019-2024)      

                        6.4.6 Y-o-Y Growth Rate Analysis    

                        6.4.7 Market Attractiveness Index     

7. Geographical Landscape                            

            7.1 Global Identity Governance and Administration Market, by Region                  

            7.2 North America - Market Analysis (2018 - 2024)             

                        7.2.1 By Country       

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Type 

                        7.2.3 By Technology  

                        7.2.4 By Application  

                        7.2.5 By Vertical         

            7.3 Europe                  

                        7.3.1 By Country       

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Type 

                        7.3.3 By Technology  

                        7.3.4 By Application  

                        7.3.5 By Vertical         

            7.4 Asia Pacific                      

                        7.4.1 By Country       

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Type 

                        7.4.3 By Technology  

                        7.4.4 By Application  

                        7.4.5 By Vertical         

            7.5 Latin America                  

                        7.5.1 By Country       

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Type 

                        7.5.3 By Technology  

                        7.5.4 By Application  

                        7.5.5 By Vertical         

            7.6 Middle East and Africa                

                        7.6.1 By Country       

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Type 

                        7.6.3 By Technology  

                        7.6.4 By Application  

                        7.6.5 By Vertical         

8. Key Player Analysis                                   

            8.1 Adidas AG           

                        8.1.1 Business Description     

                        8.1.2 Products/Service            

                        8.1.3 Financials          

                        8.1.4 SWOT Analysis

                        8.1.5 Recent Developments   

                        8.1.6 Analyst Overview         

            8.2 Analog Devices, Inc                     

            8.3 Google, Inc.                     

            8.4 Infineon Technologies AG                       

            8.5 Intel Inc.               

            8.6 InvenSense Inc.                

            8.7 Panasonic Corporation                 

            8.8 STMicroelectronics                      

            8.9 Texas Instruments Incorporated               

            8.10 Asahi Kasei Corporation            

9. Market Outlook & Investment Opportunities                                

Appendix                               

            List of Tables             

            List of Figures            

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of raw materials, by application, by type, by technology, along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Wearable Sensors Market By Region, From 2021-2026 ( USD Billion )

  2. Global Wearable Sensors Market By Type, From 2021-2026 ( USD Billion )

  3. Global Accelerometers Market By Region, From 2021-2026 ( USD Billion )

  4. Global Magnetometers Market By Region, From 2021-2026 ( USD Billion )

  5. Global Gyroscopes Market By Region, From 2021-2026 ( USD Billion )

  6. Global Inertial Sensors Market By Region, From 2021-2026 ( USD Billion )

  7. Global Motion Sensors Market By Region, From 2021-2026 ( USD Billion )

  8. Global Pressure & Force Sensors Market By Region, From 2021-2026 ( USD Billion )

  9. Global Temperature & Humidity Sensors Market By Region, From 2021-2026 ( USD Billion )

  10. Global Medical-based Sensors Market By Region, From 2021-2026 ( USD Billion )

  11. Global Image Sensors Market By Region, From 2021-2026 ( USD Billion )

  12. Global Touch Sensors Market By Region, From 2021-2026 ( USD Billion )

  13. Global Wearable Sensors Market By Technology, From 2021-2026 ( USD Billion )

  14. Global MEMS Market By Region, From 2021-2026 ( USD Billion )

  15. Global CMOS Market By Region, From 2021-2026 ( USD Billion )

  16. Global Wearable Sensors Market By Application, From 2021-2026 ( USD Billion )

  17. Global Wrist Wear Market By Region, From 2021-2026 ( USD Billion )

  18. Global Eyewear Market By Region, From 2021-2026 ( USD Billion )

  19. Global Footwear Market By Region, From 2021-2026 ( USD Billion )

  20. Global Neckwear Market By Region, From 2021-2026 ( USD Billion )

  21. Global Body Wear Market By Region, From 2021-2026 ( USD Billion )

  22. Global Wearable Sensors Market By Vertical, From 2021-2026 ( USD Billion )

  23. Global Consumer Market By Region, From 2021-2026 ( USD Billion )

  24. Global Defense Market By Region, From 2021-2026 ( USD Billion )

  25. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )

  26. Global Industrial Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 4855

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample