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Wearable Sensors Market Growth to Be Majorly Swayed by Increasing Advancement Toward Miniaturized, Smart and Low-Cost Sensors

Author : Ronak Bora | Published Date : 2019-03-15 

U.S. wearable sensors market has witnessed significant growth owing to the advancements in the industries such as consumer electronics, automobiles, healthcare with consumer electronics being one among the major industries causing high demand for smart wearable sensors. The region has become a global focal point for large investments and business expansion opportunities.

Increasing advancement toward miniaturized, smart, and low cost sensors will prove to be a major factor for the wearable sensors market growth. Recent advancements in the sensor manufacturing, microelectronics and telecommunication, have provided pathways for acceptance and implementation of wearable sensor market in the digital health environment.

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Lower costs, miniature circuits, data transmission through wireless means, consumer electronic device integration, and microcontroller functions have outpowered the downfalls of formerly used electronics based sensors. In addition, continued growth in usage of wireless connections is anticipated to boost the wearable sensors market demand during the forecast timeline.

Rising share of aging population and application of wearable sensors to observe patients will contribute the wearable sensors market growth. However, the usage of such products has not only been limited to the healthcare sector, as it has expanded into various other sectors like sports, military, entertainment and fitness.

By application, the wearable sensors market can be segmented into neck wear, body wear, wrist wear, footwear, eyewear etc. For wristwear application, healthcare vertical is one of the major sectors due to applications such as fitness monitoring and GPS tracking. Bodywear is predicted to grow at the significant rate and is expected to be the most profitable application segment throughout the forecast time span. The growth of this segment is primarily credited to widespread usage in consumer electronics, medical and industrial sectors.

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Based on product, the business can be fragmented into inertial measurement units, motion sensors, medical based sensors, image sensors, position sensors, pressure sensors and inertial sensors. The medical- based sensors is further classified into blood oxygen sensors, blood glucose sensors, blood flow sensors, ECG sensors, heart rate sensors

The end user segment in the wearable sensors market is classified in to aerospace and defense, healthcare, consumer applications, healthcare, enterprise, infotainment and multimedia, fashion, fitness and industrial applications. In the consumer goods vertical, smartphones and tablets are among the major devices that support the smooth functioning of wristwear devices for navigation and position detection applications. Moreover, wristwear devices are widely used by sports, healthcare, and fitness enthusiasts spurring the demand for wearable sensors market.

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The wearable sensors market includes notable players such as NXP Semiconductors, Panasonic Corporation, STMicroelectronics, ZOLL Medical Corporation, Texas Instruments Incorporated, KIONIX, Measurement Specialties and Freescale Semiconductor. There is an intense competition among the key players in the industry due to accessibility to reasonably priced alternatives.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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