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Wearable Sensor Market - Global Industry Analysis

Wearable Sensor Market By Type (Accelerometers, Magnetometers, Inertial Sensors, Gyroscopes, Motion Sensors, Pressure & Force Sensors, Temperature & Humidity Sensors, Medical-Based Sensors, Image Sensors, Touch Sensors And Others) By Application (Wrist Wear, Eye Wear, Neck Wear, Foot Wear, Body Wear And Others) By Technology (MEMS, CMOS And Others) By Vertical (Healthcare, Consumer Goods, Industrial And Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 13-Apr-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-905 Status : Published

The global wearable sensor market accounted for USD 617.6 Million in 2020 and is expected to reach USD 2,902.1 Million by 2028, growing at a CAGR of 20.7% from 2021 to 2028.

Description

Market Overview

The global wearable sensor market accounted for USD 617.6 Million in 2020 and is expected to reach USD 2,902.1 Million by 2028, growing at a CAGR of 20.7% from 2021 to 2028.

Wearable sensors are devices which are designed to maintain health by monitoring it continuously. It tracks all the physical activities and behavioral changes in humans. There are various types of wearable sensors such as accelerometers, magnetometers, inertial sensors, gyroscopes, motion sensors, pressure & force sensors, temperature & humidity sensors, medical-based sensors, image sensors, touch sensors, among others. The growing health and fitness awareness among the consumers is one of the primary reasons for augmenting the growth of the market. The emerging trends such as evolution of 5G technology in smart devices and increasing in the number of connected devices worldwide along with smart living has fueled the market.

COVID-19 Impact Analysis

The COVID-19 outbreak resulted in facing many challenges by almost every industry and disrupted the supply chain and value chain of numerous industries. The rise in the COVID cases is driving the healthcare segment to adopt new technologies and devices so as to track and measure the various health parameters such as oxygen levels, temperatures, and heart rates among others. This has boosted the demand of wearable devices over the forecast period.

Global Wearable Sensor Market

Growth Factors

The rising demand of various wearable devices in healthcare for remote patient monitoring purpose and tracking all the vitals continuously is anticipated to augment the market in the forecast period. These devices can be connected to tablets and mobile phones which easily helps in gathering and collecting the data of the patients in real time. At the same these devices are very easy to mount on patient’s body. As a result, the demand for wearable sensors for efficient supervision of patients at hospitals and homes have increased.

The advancements in technologies for manufacturing sensors and other components needed for making these smart devices and the devices being very compact and portable has gained popularity among consumers. Hence companies are focusing more on integrating these devices with the trending technologies such as Big Data, ML, and IoT among others and providing more privacy for the data. This in turn is stimulating the growth of the market.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

Accelerometer segment held a share of around 28.41% in 2020. The accelerometer sensors are used to capture the motion data which estimates the location of the device on the human body. The ability of these sensors to provide the data with high accuracy and correctness has increased the demand for wearable devices market.  The type segment of wearable sensors market also comprises of magnetometers, inertial sensors, gyroscopes, motion sensors, pressure & force sensors, temperature & humidity sensors, medical-based sensors, image sensors, touch sensors and others.

Vertical Segment Analysis Preview

Healthcare segment will grow at a CAGR of over 24.41% from 2021 to 2028. The healthcare segment is predicted to hold the largest share in 2020 followed by consumer goods segment among others. An increase in the number of patients due to the pandemic and reduction in availability of hospital facilities has resulted in demand for use of wearable devices as they are capable of monitoring the patients remotely. The demand for these wearables by consumers for personal wellness and fitness has also increased the market growth.

Regional Analysis Preview

The North America region dominates the wearable sensor market and is held a share of 30.47% in 2020. This is due to the development of new technologies and more wearable products which are coming in the market. Along with that, the healthcare and consumer goods sector have been a major factor to augment the growth of market in the North America region.

The Asia Pacific region is projected to grow at a CAGR of 28.14% over the forecast period. This is attributed to rapid use of automation and advance technologies in developing countries, such as China and India. The growing awareness of the benefits of wristwear, eyewear, bodywear and other devices in these economies is also increasing the demand of the market. Additionally, adoption of Internet of Things (IoT), ML and Big Data technologies in various industries is expected to open new avenues for the wearable sensor market over the coming years.

Key Market Players & Competitive Landscape

Some of key players in wearable sensor market are Robert Bosch GmbH, Stmicroelectronics, Infineon Technologies AG, NXP Semiconductors, TE Connectivity Ltd., Asahi Kasei Corporation, Broadcom Limited (Avago), mCube, Inc., Knowles Electronics, LLC., Panasonic Corporation, Invensense, Inc., Texas Instruments Inc, ARM Holdings PLC, Sensirion AG, Analog Devices, Inc., Freescale Semiconductor, Inc., among others.

The global wearable sensor market is segmented as follows:

By Type

  • Accelerometers
  • Magnetometers
  • Inertial Sensors
  • Gyroscopes
  • Motion Sensors
  • Pressure & Force Sensors
  • Temperature & Humidity Sensors
  • Medical-based Sensors
  • Image Sensors
  • Touch Sensors
  • Others

By Application

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

By Technology

  • MEMS
  • CMOS
  • Others

By Vertical

  • Healthcare
  • Consumer Goods
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.1.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Wearable Sensors Market, 2016 – 2028 (USD million)
    • 3.2.Global Wearable Sensors Market: Snapshot
  • Chapter 4.Wearable Sensors Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Wearable Sensors
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Wearable Sensors Market Attractiveness, By Type
    • 5.2.Global Wearable Sensors Market Attractiveness, By Application
    • 5.3.Global Wearable Sensors Market Attractiveness, By Technology
    • 5.4.Global Wearable Sensors Market Attractiveness, By Vertical
    • 5.5.Global Wearable Sensors Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Wearable Sensors Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Wearable Sensors Market Overview: by Type
      • 7.1.1.Global Wearable Sensors Market Revenue Share, by Type, 2019 & 2026
    • 7.2.Global Wearable Sensors Market Analysis/Overview – By Type
      • 7.2.1.Accelerometers – Overview/Analysis
      • 7.2.2.Magnetometers – Overview/Analysis
      • 7.2.3.Inertial Sensors – Overview/Analysis
      • 7.2.4.Gyroscopes – Overview/Analysis
      • 7.2.5.Motion Sensors – Overview/Analysis
      • 7.2.6.Pressure & Force Sensors – Overview/Analysis
      • 7.2.7.Temperature & Humidity Sensors – Overview/Analysis
      • 7.2.8.Medical-based Sensors – Overview/Analysis
      • 7.2.9.Image Sensors – Overview/Analysis
      • 7.2.10.Touch Sensors – Overview/Analysis
      • 7.2.11.Others – Overview/Analysis
    • 7.3.Accelerometers
      • 7.3.1.Global Wearable Sensors Market for Accelerometers, Revenue (USD million) 2016 - 2028
    • 7.4.Magnetometers
      • 7.4.1.Global Wearable Sensors Market for Magnetometers, Revenue (USD million) 2016 - 2028
    • 7.5.Inertial Sensors
      • 7.5.1.Global Wearable Sensors Market for Inertial Sensors, Revenue (USD million) 2016 - 2028
    • 7.6.Gyroscopes
      • 7.6.1.Global Wearable Sensors Market for Gyroscopes, Revenue (USD million) 2016 - 2028
    • 7.7.Motion Sensors
      • 7.7.1.Global Wearable Sensors Market for Motion Sensors, Revenue (USD million) 2016 - 2028
    • 7.8.Pressure & Force Sensors
      • 7.8.1.Global Wearable Sensors Market for Pressure & Force Sensors, Revenue (USD million) 2016 - 2028
    • 7.9.Temperature & Humidity Sensors
      • 7.9.1.Global Wearable Sensors Market for Temperature & Humidity Sensors, Revenue (USD million) 2016 - 2028
    • 7.1.Medical-based Sensors
      • 7.10.1.Global Wearable Sensors Market for Medical-based Sensors, Revenue (USD million) 2016 - 2028
    • 7.11.Image Sensors
      • 7.11.1.Global Wearable Sensors Market for Image Sensors, Revenue (USD million) 2016 - 2028
    • 7.12.Touch Sensors
      • 7.12.1.Global Wearable Sensors Market for Touch Sensors, Revenue (USD million) 2016 - 2028
    • 7.13.Others
      • 7.13.1.Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
    • 8.1.Global Wearable Sensors Market Overview: by Application
      • 8.1.1.Global Wearable Sensors Market Revenue Share, by Application, 2019 & 2026
    • 8.2.Global Wearable Sensors Market Analysis/Overview – By Application
      • 8.2.1.Wristwear – Overview/Analysis
      • 8.2.2.Eyewear – Overview/Analysis
      • 8.2.3.Footwear – Overview/Analysis
      • 8.2.4.Neckwear – Overview/Analysis
      • 8.2.5.Bodywear – Overview/Analysis
      • 8.2.6.Others – Overview/Analysis
    • 8.3.Wristwear
      • 8.3.1.Global Wearable Sensors Market for Wristwear, Revenue (USD million) 2016 - 2028
    • 8.4.Eyewear
      • 8.4.1.Global Wearable Sensors Market for Eyewear, Revenue (USD million) 2016 - 2028
    • 8.5.Footwear
      • 8.5.1.Global Wearable Sensors Market for Footwear, Revenue (USD million) 2016 - 2028
    • 8.6.Neckwear
      • 8.6.1.Global Wearable Sensors Market for Neckwear, Revenue (USD million) 2016 - 2028
    • 8.7.Bodywear
      • 8.7.1.Global Wearable Sensors Market for Bodywear, Revenue (USD million) 2016 - 2028
    • 8.8.Others
      • 8.8.1.Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
    • 9.1.Global Wearable Sensors Market Overview: by Technology
      • 9.1.1.Global Wearable Sensors Market Revenue Share, by Technology, 2019 & 2026
    • 9.2.Global Wearable Sensors Market Analysis/Overview – By Technology
      • 9.2.1.MEMS – Overview/Analysis
      • 9.2.2.CMOS – Overview/Analysis
      • 9.2.3.Others – Overview/Analysis
    • 9.3.MEMS
      • 9.3.1.Global Wearable Sensors Market for MEMS, Revenue (USD million) 2016 - 2028
    • 9.4.CMOS
      • 9.4.1.Global Wearable Sensors Market for CMOS, Revenue (USD million) 2016 - 2028
    • 9.5.Others
      • 9.5.1.Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
    • 10.1.Global Wearable Sensors Market Overview: by Vertical
      • 10.1.1.Global Wearable Sensors Market Revenue Share, by Vertical, 2019 & 2026
    • 10.2.Global Wearable Sensors Market Analysis/Overview – By Vertical
      • 10.2.1.Healthcare – Overview/Analysis
      • 10.2.2.Consumer Goods – Overview/Analysis
      • 10.2.3.Industrial – Overview/Analysis
      • 10.2.4.Others – Overview/Analysis
    • 10.3.Healthcare
      • 10.3.1.Global Wearable Sensors Market for Healthcare, Revenue (USD million) 2016 - 2028
    • 10.4.Consumer Goods
      • 10.4.1.Global Wearable Sensors Market for Consumer Goods, Revenue (USD million) 2016 - 2028
    • 10.5.Industrial
      • 10.5.1.Global Wearable Sensors Market for Industrial, Revenue (USD million) 2016 - 2028
    • 10.6.Others
      • 10.6.1.Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
  • Chapter 11.Wearable Sensors Market – Regional Analysis
    • 11.1.Global Wearable Sensors Market: Regional Overview
      • 11.1.1.Global Wearable Sensors Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Wearable Sensors Market Revenue, by Region, 2016 – 2028 (USD million)
    • 11.2.North America
      • 11.2.1.North America Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
      • 11.2.2.North America Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
      • 11.2.3.North America Wearable Sensors Market Revenue, by Type, 2016 – 2028
      • 11.2.4.North America Wearable Sensors Market Revenue, by Application, 2016 – 2028
      • 11.2.5.North America Wearable Sensors Market Revenue, by Technology, 2016 – 2028
      • 11.2.6.North America Wearable Sensors Market Revenue, by Vertical, 2016 – 2028
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
      • 11.3.2.Europe Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
      • 11.3.3.Europe Wearable Sensors Market Revenue, by Type, 2016 – 2028
      • 11.3.4.Europe Wearable Sensors Market Revenue, by Application, 2016 – 2028
      • 11.3.5.Europe Wearable Sensors Market Revenue, by Technology, 2016 – 2028
      • 11.3.6.Europe Wearable Sensors Market Revenue, by Vertical, 2016 – 2028
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Italy
      • 11.3.11.Spain
      • 11.3.12.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
      • 11.4.2.Asia Pacific Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
      • 11.4.3.Asia Pacific Wearable Sensors Market Revenue, by Type, 2016 – 2028
      • 11.4.4.Asia Pacific Wearable Sensors Market Revenue, by Application, 2016 – 2028
      • 11.4.5.Asia Pacific Wearable Sensors Market Revenue, by Technology, 2016 – 2028
      • 11.4.6.Asia Pacific Wearable Sensors Market Revenue, by Vertical, 2016 – 2028
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.South Korea
      • 11.4.11.South-East Asia
      • 11.4.12.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
      • 11.5.2.Latin America Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
      • 11.5.3.Latin America Wearable Sensors Market Revenue, by Type, 2016 – 2028
      • 11.5.4.Latin America Wearable Sensors Market Revenue, by Application, 2016 – 2028
      • 11.5.5.Latin America Wearable Sensors Market Revenue, by Technology, 2016 – 2028
      • 11.5.6.Latin America Wearable Sensors Market Revenue, by Vertical, 2016 – 2028
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
      • 11.6.2.The Middle-East and Africa Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
      • 11.6.3.The Middle-East and Africa Wearable Sensors Market Revenue, by Type, 2016 – 2028
      • 11.6.4.The Middle-East and Africa Wearable Sensors Market Revenue, by Application, 2016 – 2028
      • 11.6.5.The Middle-East and Africa Wearable Sensors Market Revenue, by Technology, 2016 – 2028
      • 11.6.6.The Middle-East and Africa Wearable Sensors Market Revenue, by Vertical, 2016 – 2028
      • 11.6.7.GCC Countries
      • 11.6.8.South Africa
      • 11.6.9.Rest of Middle-East Africa
  • Chapter 12.Company Profiles
    • 12.1.Robert Bosch GmbH
      • 12.1.1.Company Overview
      • 12.1.2.Financial Overview
      • 12.1.3.Product Portfolio
      • 12.1.4.Business Strategy
      • 12.1.5.Recent Developments
    • 12.2.Stmicroelectronics
    • 12.3.Infineon Technulogies AG
    • 12.4.NXP Semiconductors
    • 12.5.TE Connectivity Ltd.
    • 12.6.Asahi Kasei Corporation
    • 12.7.Broadcom Limited (Avago)
    • 12.8.mCube, Inc.
    • 12.9.Knowles Electronics, LLC.
    • 12.10.Panasonic Corporation
    • 12.11.Invensense, Inc.
    • 12.12.Texas Instruments Inc
    • 12.13.ARM Huldings PLC
    • 12.14.Sensirion AG
    • 12.15.Analog Devices, Inc.
    • 12.16.Freescale Semiconductor, Inc.

List of Figures  

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
FIG. 5 Porter’s Five Forces Analysis for Global Wearable Sensors Market
FIG. 6 Global Wearable Sensors Market Attractiveness, By Type
FIG. 7 Global Wearable Sensors Market Attractiveness, By Application
FIG. 8 Global Wearable Sensors Market Attractiveness, By Technology
FIG. 9 Global Wearable Sensors Market Attractiveness, By Vertical
FIG. 10 Global Wearable Sensors Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Wearable Sensors Market Revenue Share, by Type, 2019 & 2026
FIG. 13 Global Wearable Sensors Market for Accelerometers, Revenue (USD million) 2016 - 2028
FIG. 14 Global Wearable Sensors Market for Magnetometers, Revenue (USD million) 2016 - 2028
FIG. 15 Global Wearable Sensors Market for Inertial Sensors, Revenue (USD million) 2016 - 2028
FIG. 16 Global Wearable Sensors Market for Gyroscopes, Revenue (USD million) 2016 - 2028
FIG. 17 Global Wearable Sensors Market for Motion Sensors, Revenue (USD million) 2016 - 2028
FIG. 18 Global Wearable Sensors Market for Pressure & Force Sensors, Revenue (USD million) 2016 - 2028
FIG. 19 Global Wearable Sensors Market for Temperature & Humidity Sensors, Revenue (USD million) 2016 - 2028
FIG. 20 Global Wearable Sensors Market for Medical-based Sensors, Revenue (USD million) 2016 - 2028
FIG. 21 Global Wearable Sensors Market for Image Sensors, Revenue (USD million) 2016 - 2028
FIG. 22 Global Wearable Sensors Market for Touch Sensors, Revenue (USD million) 2016 - 2028
FIG. 23 Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
FIG. 24 Global Wearable Sensors Market Revenue Share, by Application, 2019 & 2026
FIG. 25 Global Wearable Sensors Market for Wristwear, Revenue (USD million) 2016 - 2028
FIG. 26 Global Wearable Sensors Market for Eyewear, Revenue (USD million) 2016 - 2028
FIG. 27 Global Wearable Sensors Market for Footwear, Revenue (USD million) 2016 - 2028
FIG. 28 Global Wearable Sensors Market for Neckwear, Revenue (USD million) 2016 - 2028
FIG. 29 Global Wearable Sensors Market for Bodywear, Revenue (USD million) 2016 - 2028
FIG. 30 Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
FIG. 31 Global Wearable Sensors Market Revenue Share, by Technology, 2019 & 2026
FIG. 32 Global Wearable Sensors Market for MEMS, Revenue (USD million) 2016 - 2028
FIG. 33 Global Wearable Sensors Market for CMOS, Revenue (USD million) 2016 - 2028
FIG. 34 Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
FIG. 35 Global Wearable Sensors Market Revenue Share, by Vertical, 2019 & 2026
FIG. 36 Global Wearable Sensors Market for Healthcare, Revenue (USD million) 2016 - 2028
FIG. 37 Global Wearable Sensors Market for Consumer Goods, Revenue (USD million) 2016 - 2028
FIG. 38 Global Wearable Sensors Market for Industrial, Revenue (USD million) 2016 - 2028
FIG. 39 Global Wearable Sensors Market for Others, Revenue (USD million) 2016 - 2028
FIG. 40 Global Wearable Sensors Market Revenue Share, by Region, 2019 & 2026
FIG. 41 North America Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
FIG. 42 Europe Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
FIG. 43 Asia Pacific Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
FIG. 44 Latin America Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
FIG. 45 The Middle-East and Africa Wearable Sensors Market Revenue, 2016 - 2028 (USD million)
FIG. 46 Robert Bosch GmbH Business Segment Revenue Share, 2018 (%)
FIG. 47 Robert Bosch GmbH Geographical Segment Revenue Share, 2018 (%)
 


List of Tables 

TABLE 1 Global Wearable Sensors Market: Snapshot
TABLE 2 Drivers of the Wearable Sensors Market: Impact Analysis
TABLE 3 Restraints for the Wearable Sensors Market: Impact Analysis
TABLE 4 Global Wearable Sensors Market Revenue, by Region, 2016 – 2028 (USD million)
TABLE 5 North America Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
TABLE 6 North America Wearable Sensors Market Revenue, by Type, 2016 – 2028 (USD million)
TABLE 7 North America Wearable Sensors Market Revenue, by Application, 2016 – 2028 (USD million)
TABLE 8 North America Wearable Sensors Market Revenue, by Technology, 2016 – 2028 (USD million)
TABLE 9 North America Wearable Sensors Market Revenue, by Vertical, 2016 – 2028 (USD million)
TABLE 10 Europe Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
TABLE 11 Europe Wearable Sensors Market Revenue, by Type, 2016 – 2028 (USD million)
TABLE 12 Europe Wearable Sensors Market Revenue, by Application, 2016 – 2028 (USD million)
TABLE 13 Europe Wearable Sensors Market Revenue, by Technology, 2016 – 2028 (USD million)
TABLE 14 Europe Wearable Sensors Market Revenue, by Vertical, 2016 – 2028 (USD million)
TABLE 15 Asia Pacific Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
TABLE 16 Asia Pacific Wearable Sensors Market Revenue, by Type, 2016 – 2028 (USD million)
TABLE 17 Asia Pacific Wearable Sensors Market Revenue, by Application, 2016 – 2028 (USD million)
TABLE 18 Asia Pacific Wearable Sensors Market Revenue, by Technology, 2016 – 2028 (USD million)
TABLE 19 Asia Pacific Wearable Sensors Market Revenue, by Vertical, 2016 – 2028 (USD million)
TABLE 20 Latin America Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
TABLE 21 Latin America Wearable Sensors Market Revenue, by Type, 2016 – 2028 (USD million)
TABLE 22 Latin America Wearable Sensors Market Revenue, by Application, 2016 – 2028 (USD million)
TABLE 23 Latin America Wearable Sensors Market Revenue, by Technology, 2016 – 2028 (USD million)
TABLE 24 Latin America Wearable Sensors Market Revenue, by Vertical, 2016 – 2028 (USD million)
TABLE 25 The Middle-East and Africa Wearable Sensors Market Revenue, by Country, 2016 – 2028 (USD million)
TABLE 26 The Middle-East and Africa Wearable Sensors Market Revenue, by Type, 2016 – 2028 (USD million)
TABLE 27 The Middle-East and Africa Wearable Sensors Market Revenue, by Application, 2016 – 2028 (USD million)
TABLE 28 The Middle-East and Africa Wearable Sensors Market Revenue, by Technology, 2016 – 2028 (USD million)
TABLE 29 The Middle-East and Africa Wearable Sensors Market Revenue, by Vertical, 2016 – 2028 (USD million)
 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Wearable Sensor market. Zion Research has collected and analyzed key data belong to the global Wearable Sensor market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Wearable Sensor across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Wearable Sensor industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Wearable Sensor market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Wearable sensors are vital components of wearable technology that are embedded in smart wearable devices to monitor numerous parameters such as blood pressure, speed, temperature, and muscle activity. Wearable sensors make sure that the data is monitored and stored for the better understanding of physical health and fitness. Recently, these sensors became increasingly accepted attributed to the growing demand for smart wearable technology based devices across the globe. They are used in different applications areas such as access control, fitness wearable and medical based wearable among others.

The growth of global wearable sensor market is mainly driven by advancements in microelectronics, sensor manufacturing, and telecommunication. Increased penetration of wireless connectivity, growing interest of tier 1 players in the wearable ecosystem and mounting benefits of wearable devices in the healthcare sector contributes substantial growth of wearable sensor market. In addition, miniaturization, decreasing cost, integration with consumer electronic devices and accessories is predicted to surge the demand for wearable sensors in the analysis period. Furthermore, the introduction of platforms such as IoT, AR, and M2M paired with increased demand for wrist wear, body wear, and eyewear which includes accelerometers is also expected to fuel the market growth. Consumer awareness regarding the benefits and usage of wearable sensors may pose a challenge to the wearable sensor market growth. Even so, impending applications of wearable technology is expected to open up new growth opportunities for wearable sensor market in near future.

Global-Wireless-Sensors-Market

Based on product type, global wearable sensor market is bifurcated into accelerometers, magnetometers, inertial sensors, motion sensors, pressure sensors, temperature sensors, medical- based sensors, image sensors, touch sensors and others. The accelerometer is predicted to be most lucrative product type for wearable sensor market. On the basis of application, wearable sensor market categorized into wrist wear, eyewear, neckwear, footwear, bodywear and others.

North America emerged as dominating the regional market for the wearable sensor in 2016. Heavy investments and legislative initiatives on wireless technology in countries such as the U.S. and Canada are expected to drive the growth of North American market in near future. Ongoing technological advancement is predicted to drive the wearable sensor market in Europe region during coming years. Asia Pacific ranks as the fastest emerging market for wearable sensor market in near future.

Key players in this wearable sensor market are STMicroelectronics. Infineon Technologies AG, mCube, Inc., Knowles Electronics, LLC.,  Panasonic Corporation, TE Connectivity Ltd., Asahi Kasei Corporation, Robert Bosch GmbH, Broadcom Limited (Avago),  NXP Semiconductors, Invensense, Inc., Texas Instruments Inc and ARM Holdings PLC amongst others.

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FrequentlyAsked Questions

The global wearable sensors market was valued at USD 617.6 Million in 2020.

The global wearable sensors market is expected to reach USD 2,902.1 Million by 2028, growing at a CAGR of 20.7% between 2021 to 2028.

 

Some of the key factors driving the global wearable sensors market growth are increasing number of smartphone users, rising demand for technologically advanced devices and increasing fitness awareness.

North America region held a substantial share of the wearable sensors market in 2020. This is due to the development of new technologies and more wearable products which are coming in the market. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for wearable devices in developing economies such as China and India.

Some of the major companies operating in the wearable sensors market are Robert Bosch GmbH, Stmicroelectronics, Infineon Technologies AG, NXP Semiconductors, TE Connectivity Ltd., Asahi Kasei Corporation, Broadcom Limited (Avago), mCube, Inc., Knowles Electronics, LLC., Panasonic Corporation, and Invensense, Inc., among others.

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