What is Wearable Sensors?
Wearable Sensors refers to a smart electronic device which can be worn on the body as implants or accessories. This device is often used for tracking a user or get the information related to health and fitness, location or indicate emotion. These sensors play a vital role in monitoring and diagnosing the signs such as blood pressure, heart rate and other metabolic activities. Wearable devices are used with wireless systems such as Bluetooth or local Wifi setups.
The market study is broken down by Type (Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Motion Sensors, Pressure and Force Sensors, Temperature and Humidity Sensors, Microphones & Microspeakers, Medical- Based Sensors, Image Sensors, Touch Sensors and Others), by Application (Wristwear, Eyewear, Footwear, Neckwear, Bodywear and Others) and major geographies with country level break-up. According to AMA, the Global Wearable Sensors market is expected to see growth rate of 38.06% and may see market size of USD2.86 Million by 2026.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Wearable Sensors market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), TE Connectivity Ltd. (United States), Broadcom Limited (United States), Knowles Electronics, LLC. (United States), Analog Devices, Inc. (United States), Infineon Technologies AG (Germany), Asahi Kasei Corporation (Japan), Sensirion AG (Switzerland), InvenSense, Inc. (United States) and Robert Bosch GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Texas Instruments Incorporated (United States), Panasonic Corporation (Japan), mCube, Inc. (United States), ams AG (Austria) and ARM Holdings Plc. (United Kingdom).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Wearable Sensors market by Type, Application and Region.
On the basis of geography, the market of Wearable Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Consumer will boost the Wearable Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technologies in Wearable Sensor , the sub-segment i.e. Mems will boost the Wearable Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
February 2018 - Texas Instruments has introduced the smallest operational amplifier (op amp) and low-power comparators at 0.64 mm2. As the first amplifiers in the compact X2SON package, the TLV9061 op amp and TLV7011 family of comparators are expected to help, the wearable tech designers to reduce their system size and cost while maintaining high performance. The technology is primarily dedicated to the personal electronics and industrial applications, mobile phones, wearables, optical modules, motor drives, smart grid and battery-powered systems sectors
Market Trend
- Increasing Adoption Of Miniature Wearable Sensor Products
- Growing Trend Toward Smart Living Among End Users
- User Shifting Towards Smaller And Smarter Wearable Sensor
Market Drivers
- Emergence Of Iot, AR, And M2M Platforms
- Rising Share of Aging Population
- Mounting Benefits of Wearable Devices in the Healthcare Sector
Opportunities
- Development Of Applications And Devices With Technology Advancement
- Rising Awareness and Growing Number Of Smart Wearable Products
Restraints
- Lack Of Standardization and Interoperability Issues
- Security And Privacy Concern
- High Cost Of Wearable Products
Challenges
- Technical Difficulties Related To Hardware And Software
- Increased Integration
- Heat-Related Protection Of Devices
Key Target Audience
Consumer Wearable Manufacturers, Healthcare-Related Product Manufacturers, Luxury Clothing And Accessory Manufacturers, Consumer Electronics Manufacturers, Electronic Design Automation (EDA) And Design Tool Vendors, Players Involved In Machine To Machine (M2M) And Internet Of Things (Iot) Platform, Integrated Device Manufacturers (Idms), Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.