Wearable sensor helps in continuous physiological observation or monitoring with less manual intervention and low cost. These sensors help in collecting as well as delivering information about its respective surroundings and can also help in navigation. Now a days wearables sensor are integrated into different accessories such as wristwatches, hats, eyeglasses, smartphones, shoes, garments, headphones, wrist bands and others. In February, 2018, Robert Bosch GmbH has launched arometric pressure sensor named as BMP388 for CE drones which is suitable in tracking wearables and smart homes application as well as consumer electronics (CE) drones.
The Global Wearable Sensors Market accounted for USD 320.82 million in 2017 and is projected to grow at a CAGR of 30.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors:
Some of the major players in global wearable sensor market are TE Connectivity, Panasonic Corporation, Infineon Technologies AG, ams AG, Robert Bosch GmbH, STMicroelectronics, Analog Devices, Inc., Asahi Kasei Corporation, Knowles Electronics, LLC., Broadcom, NXP Semiconductors, ARM Holdings PLC., Texas Instruments Inc., mCube , Sensirion AG, Invensense, Inc. among others.
Competitive Landscape: Global Wearable Sensors Market
The global wearable sensor market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Segmentation: Global Wearable Sensors Market
· The global wearable sensor market is segmented based on type, technologies, application, end-users and geographical segments.
· Based on type, the global wearable sensor market is segmented into accelerometers, gyroscopes, temperature and humidity sensors, magnetometers, image sensors, pressure &force sensors, inertial sensors, touch sensors, medical based sensors, motion sensors, microphones and microspeakers and others. Medical based sensors are sub segmented into Blood Flow Sensors, Blood Oxygen Sensors, Heart Rate Sensors, Hall Effect Sensors, Blood Glucose Sensors and ECG sensors. Other types of wearable sensors are CO2 sensors, light sensors and position sensors.
· On the basis of technology, the global wearable sensor market is segmented into Cmos and Mems. Cmos are sub segmented into Very Large-Scale Integration Technology (VLSI) and Nanoelectromechanical System (NEMS). Other types of technology are Application-Specifitc Integrated Circuit (ASIC), Microsystems Technology (MST) and optical spectroscopy.
· Based on geography, the global wearable sensor market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Major Market Drivers and Restraints:
· Rising ageing population
· Growing trend of IoT platform and smart living among end users
· Increase in inclination towards smaller, cheaper and smarter sensors
· Increasing number of connected devices
· High costs of wearable products
· Growing concerns with regards to privacy and security
· Lack of common standards and interoperability issue
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