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Wearable Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Wearable Sensor Industry: Forecasts to 2020

  • March 2015
  • 86 pages
  • ID: 2878128
In this report:
The global wearable sensors market is expected to witness a significant growth during the forecast period.
Furthermore, the foot wear application market is also expected to grow rapidly during the forecast period.
However, the Asia Pacific region is expected to show the highest rate due to the presence of developing nations like India and China.

Summary

Table of Contents

Wearable sensors are Micro-Electromechanical Systems based sensors which can sense and process the surrounding environment. Wearable sensors are embedded in wearable devices to monitor bodily activities which cover blood pressure, body temperature and heart rate. The sector is primarily driven due to the growing awareness of health and fitness, where wearable sensors play a main role. Also, the falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. Additionally to this, the wearable sensors are also being used to monitor patients in the healthcare industry as it enables remote data access.

The overall wearable sensors market is forecast to witness a serious growth during the outlook period. This is due to its growing demand across several application sectors including wearable technology for fitness, healthcare and security. The increase in demand of wearable technology is also driving the wearable sensors market. Moreover, the increasing market of smartphones and tablets is also enabling the integration of wearable devices with the smartphones. Presently, wrist wear segment holds the majority of the market share and is forecast to dominate the segment during the outlook period. The introduction of clever watches from firms such as Samsung, Sony and Nike among others has given a boost to this market. Additionally, the foot wear application market is also anticipated to grow quickly during the forecast period.

Adoption of high end technologies including clever wearables is also creating additional opportunities for the wearable sensors manufacturers globally. On the other hand, the case of security concerns including crucial data being shared is acting as a restraint. The increasing awareness and concern over health and fitness is also helping the sector to grow. With the introduction of fitness band that can be worn and connected with clever phones to display the information is also supporting the increase of the market. Geographically, North America (NA) has the more significant penetration for wearable sensors as they are the early adapters of newer technology. Nevertheless, the Asia Pacific region is forecast to show the more important rate due to the presence of developing nations such as India (IN) and China (CN).

This market research study examines the bearing market on a overall level and offers measures in terms of income from 2014 to 2020. It recognizes the drivers and market restraints affecting the sector and examines their effect over the outlook period. Furthermore, it identifies the meaningful opportunities for industry growth in the next years.

The sector is divided based on geography as North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe and these have been estimated in terms of income. Futhermore, the report segments the market established on the product type, which include motion sensors, pressure sensors, temperature sensor, image sensors, position sensors, medical based sensors and others. Wearable motions sensors are most widely used in wearable technology. Based on application, the sector is divided by wrist wear, eye wear, foot wear, body wear and others. All these segments have also been estimated based on geography in terms of income.

For superior understanding of the wearable sensors market, we have given An in-depth study of the supply chain. A in-depth Porter's five forces analysis has been given for a superior understanding of the intensity of the competition present in the market. Moreover, the market research comprises a Analysis of market appeal, where the applications are benchmarked based on their market scope, rate of growth and general interest.

The analysis offers company market share analysis of different industry participants. The top players have also been profiled based on company overview, financial review, strategic management and the new developments in the field of wearable sensors. Main market participants decribed in this industry report contain STMicroelectronics, Texas Instrument, Freescale Semiconductor Inc. and InvenSense, among others.

Wearable Sensors Market: By area

North America (NA)

Europe (EU)

Asia-Pac

Rest of the globe

Wearable sensors Market: By product class

The market research offers a cross-sectional analysis of all the above segments with respect to the following regions:

North America (NA)

Europe (EU)

Asia-Pac

Rest of the globe

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