The
global wearable sensors market size is anticipated to
reach USD 2.86 billion by 2025, according to a new report by Grand View
Research, Inc., progressing at a phenomenal CAGR of 38.8% during the forecast
period. Wearable sensors are a vital aspect of wearable devices owing to
growing focus on health and fitness monitoring activities. Wearable sensors are
emerging as a revolution in monitoring healthcare and fitness parameters and
reducing overall hospital cost for patients.
Wearable
sensors are expected to gain traction over the forecast period. The application
of these sensors in fitness bands is estimated to hold largest market share in
2016. However, the smart watch segment is anticipated to exhibit the highest
CAGR during the forecast period. The growth of the segment is accredited to its
capabilities in monitoring and rendering a comprehensive analysis of user
activities. As technology advances, end users such as Apple, Samsung, and
Fossil are focusing on providing game-changing products, which is a key
determinant driving the popularity of wearable sensors.
The
consumer segment is expected to remain dominant with fitness tracking emerging
as a key trend among users in the recent past. Increase in demand for wearable
sensors for remote monitoring of health and fitness through motion sensing
technologies and data analysis techniques is anticipated to be a major factor
driving segment growth. The healthcare vertical is anticipated to grow at a
healthy CAGR over the forecast period, fueled by technological developments in
remote monitoring.
Browse full
research report on Wearable Sensors Market: www.grandviewresearch.com/industry-analysis/global-wearable-sensor-market
Further key
findings from the study suggest:
- The global wearable sensors market accounted
for USD 149.3 million in 2016 and is expected to grow at a CAGR of 38.8%
from 2017 to 2025
- The smart watch segment is anticipated to reach
USD 1,083.3 million by 2025 and is expected grow at a high rate over the
forecast period
- The fitness band segment dominated the market
in 2016, with an estimated USD 48.5 million
- The consumer vertical emerged as the largest
segment and is estimated to generate revenue over USD 1,253.5 million by
2025
- Demand for wearable sensors in defense is
anticipated to witness moderate growth over the forecast period
- Asia Pacific is expected to be the
fastest-growing region over the forecast period. Numerous enterprises and
several new players within China and Japan have been investing in advanced
sensor manufacturing. The regional market is expected to exhibit a CAGR of
41.0% over the forecast period
- Key players in the wearable sensors market
include Robert Bosh GmbH, STMicroelectronics N.V., NXP Semiconductors
N.V., Texas Instruments, and Knowles Electronics, LLC.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the global wearable sensors market on
the basis of sensor type, device, vertical, and region:
Wearable
Sensor Type Outlook (Revenue, USD Million, 2014 - 2025)
- Accelerometer
- Gyroscope
- Optical
- Force
& pressure
- Inertial
sensor
- Temperature
- Magnetometers
- Medical
based sensors
- Others
Wearable
Sensors Device Outlook (Revenue, USD Million, 2014 - 2025)
- Smart
Watch
- Fitness
band
- Smart
glasses
- Smart
fabric
- Smart
footwear
- Other
wearable
Wearable
Sensors Vertical Outlook (Revenue, USD Million, 2014 - 2025)
- Consumer
- Defense
- Healthcare
- Industrial
- Others
Wearable
Sensors Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/wearable-sensors-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
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