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.
Full
Research Report On Global Wearable Sensors Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/global-wearable-sensor-market
www.grandviewresearch.com/industry-analysis/global-wearable-sensor-market
Further
key findings from the report 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
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 Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/wearable-sensors-market
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.
For More
Information: www.grandviewresearch.com
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