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Global Wearable Sensors Market Development and Demand Forecast to 2020

Global Wearable Sensors Market Development and Demand Forecast to 2020

  • May 2015
  • 103 pages
  • ID: 5038395
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Global wearable sensors market is driven by increasing demand of wearables for infants and continuously evolving sensor technology. The demand for continuous health monitoring features for infants is continuously increasing over the past few years. With the development and fusion of wireless communication techniques, wearable sensing technologies, low energy consumption and high performance data processing algorithms, wearable sensors are expanding its reach to the infants care market. Constant monitoring of physiological parameters of infant’s body is achieved by using wearable sensors system, which helps in observing external threats as well as internal threats. External threats such as drowning, sleeping and falling, whereas, internal threats such as heart beat, blood pressure, fever, respiratory rate and others are monitored using wearable sensors. Working women do not get enough time to look after their children. Wearable sensors provide with continuous monitoring of infants while sitting at their workplace. This makes the parents to move towards wearable devices to keep track of children activities, and thus leading to increase of the wearable sensors market.

GLOBAL WEARABLE SENSORS MARKET, (2015–2020) MILLION UNITS

Privacy and security is one of the most important aspects in wearable sensor devices. The communication in wearable sensors applications in healthcare are mostly wireless in nature, and this may cause security threats to these systems. These threats and attacks could cause serious troubles to the social life of a user of wireless sensor device. Tracking the location of a patient or person is done easily and can be used to harm the person. Also, for wearable sensors used in military applications are also at high risk in terms of privacy issues. If the issues linked with privacy are not amended, it can result in mistrust in the people and consequently the technology may have limited use in valuable applications where it can provide significant benefits. And such issues indirectly restraint the growth of wearable sensors market.

The various technical difficulties of wearable sensors are sensitivity of sensors, energy of batteries and compatibility problems. A sensor device’s sensitivity is essential when these sensors are used in harsh environments such as in case of fire. Sweat affects the transducers of sensor devices adversely, which causes reduction in sensitivity of the wearable sensors or may require recalibration of the sensors.

Smart textiles represent the next generation textiles that feature electronic components and interconnections woven in fabrics. Smart textiles are the textile embedded with digital devices including small computers in clothing products such as filaments, and fibres. The vision of smart textiles is to create smart fabric products that senses and interacts with different stimuli from its environment. The development of smart textiles that is capable of accomplishing range of functions found its application in wearable technology. The range of product includes passive, active and smart sensors which can detect, react and adapt user, and environment. Fabric based sensing have large opportunities in the field of research in biomedical and safety communities. Smart textiles describe that future electronic system can be an integral part of everyday clothing serving as personal assistant.

Major Competitors: Some of the major competitors include InvenSense, Inc., NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc., Analog Devices, Inc., ZOLL Medical Corporation (Asahi Kasei Corporation), Freescale Semiconductor, Inc., and Infineon Technologies AG.

Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
Uncovers potential demands in the market
Porter analysis identifies competitive forces within the market
Provides information on the historical and current market size and the future potential of the market
Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger & acquisitions
Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

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