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Sensor Technology Innovations Enabling Quantified-Self (Technical Insights)

  • June 2014
  • -
  • Frost & Sullivan
  • -
  • 51 pages

Summary

Table of Contents

Nine Pronged Technology Assessment--New Era of Self-Monitoring Devices

The need for sensor-enabled devices to monitor and track personal lives is fuelled by the growth in health and wellness data. Many companies offering consumer electronic devices are spearheading the trend with innovative designs of developing self-tracking devices. Self-trackers use sensing devices to measure everything they do to improve the day-to-day activities of the individual, which includes fitness, diet, sleep, stress, fertility, and many others. The miniaturization trend and declining price of sensors enable such self-monitoring devices to capture more data about users than before. Constant development to gain deeper insights into human mental and physical conditions is underway. Advances in sensor technology are enabling quantified-self to reach deeper into the day-to-day life activities of the people to capture and reveal varied data. This research service provides technology and markets insights on sensors enabling quantified -self from nine varied technology evaluation metrics.

Research Scope
Since the establishment of the quantified-self movement in 2007 in Silicon Valley, the concept has expanded covering about 50 cities worldwide. The need for sensor-enabled devices to monitor and track personal lives is fuelled by the growth in health and wellness data. Many companies offering consumer electronic devices are spearheading the trend with innovative designs of developing self-tracking devices. Self-trackers use sensing devices to measure everything they do to improve the day-to-day activities of the individual, which includes fitness, diet, sleep, stress, fertility, and many others.

The miniaturization trend and declining price of sensors enable such self-monitoring devices to capture more data about users than before. Constant development to gain deeper insights into human mental and physical conditions are underway. Advances in sensor technology are enabling quantified-self to reach deeper into the day-to-day life activities of the people to capture and reveal varied data. This research service provides technology and markets insights on sensors enabling quantified -self from nine dimensions highlighted below.

-Year of impact
-IP Activity
-Funding
-Breadth of Industries
-Impact on Megatrend
-Size of Innovation Ecosystem
-Global Footprint
-Potential Points of Convergence
-Market Potential

Target Markets and Key Applications
-The main application area is consumer electronics devices. Data captured from sensor-enabled devices are transmitted to computers and mobile devices such as smartphones and tablet computers.
-With the emerging market in consumer electronics, increasing number of manufacturers will apply their products for multiple functions.
-The future will observe increased use of consumer electronic products with sensors for healthcare tracking and monitoring purposes.
Healthcare
-Healthcare industry will have a high impact as quantified-self approach offers benefits to patients as they will be able to monitor health while being diagnosed with certain illness.
-Ever increasing cost of hospitalization, insurance, and drugs are driving people to adopt the quantified-self movement.
-Healthcare industry will see more involvement in quantified-self movement by increasing the connectivity with technology companies for data exchange.
-Wearable devices are a preferred and convenient method for continuously tracking and monitoring health and wellbeing.
-Several companies have demonstrated innovativeness in integrating sensors into wearable, such as watches, armbands, smart textiles, and shoes, shirts, socks.
-The increasing momentum in the use of innovative sensor-enabled wearable devices promises more new design opportunities in the future.
-The ICT sector is the backbone of quantified-self applications as wearable devices communicate with computers to capture, exchange, and analyse data.
-ICT sector offers opportunities in consumer electronics, wearable devices, and followers of quantified-self to integrate.
-Several start-up companies have introduced many new apps for various quantified-self applications in North America and Europe.

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