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 the 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 costs 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 the largest market share
in 2016. However, the smartwatch 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. An 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 Wearable Sensors Market Visit Here:
https://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 smartwatch segment is
anticipated to reach USD 1,083.3 million by 2025 and is expected to 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 of
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.
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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
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
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 info visit @ https://www.grandviewresearch.com
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