The wearable sensors market is expected to grow from USD 189.4 million in 2015 to USD 1,654.0 million by 2022, at a CAGR of 30.14% between 2016 and 2022. Wearable technology indicates devices with components such as sensor, battery, connectivity, interface, and other material and algorithm. They are worn either on the body (on the neck, eye, ear, hand, wrist, and foot) or inside clothing. Wearable devices simplify human–computer interaction through a small computer worn on the body. The key devices in this category are activity trackers, smart clothing, smart glasses, smartwatches, augmented reality (AR) devices, wearable cameras, and gaming devices. In addition, they offer a wide range of services such as hands-free operation, real-time data monitoring, network communication, and logic calculations. Sensors are the most important component in wearable technology; they help generate information about the physical event or state. Sensors can measure everything from the surroundings including orientation, motion, light, sound, humidity, temperature, and biometrics such as blood pressure and heart rate. Additionally, continued innovation in sensor technologies is expected to expand the wearable technology capabilities even more. Thus, the need for sensors in wearable devices is one of the major factors supporting growth of the wearable technology ecosystem.
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“Accelerometers expected to hold a major share of the wearable sensors market during the forecast period”
Accelerometers are among the major sensors used in the wearable sensors market. Some of the prominent applications of wearable technology for this sensor are in wearable devices such as wristwear, bodywear, and eyewear. The demand for wristwear in sectors such as medical, healthcare, and consumer electronics is more compared with other end-user industries. Accelerometer sensors are widely used to detect velocity, position, shock, and vibration. They are widely used in smart watches and smart bands for tracking and navigation purposes.
“Market for bodywear application expected to grow at the highest rate between 2016 and 2022”
The wearable sensors market for the bodywear application is expected to witness the highest growth rate between 2016 and 2022. These are widely used in consumer electronics, industrial, and medical sectors for various applications. The bodywear application consists of textiles embedded with sensors, which is an emerging trend in the market. Bodywear offering works on fibertronics technology which integrates electronics and computational functionality into textile fabrics. They have attracted the emerging trend of techno-fashion clothing that brings sensors close to our skin for measuring various health and fitness parameters.
“Wearable sensors market in North America expected to grow at the highest rate during the forecast period”
Wearable sensors have a growing demand in North Americaowing to the increasing focus of the region toward industrial, consumer electronics, and healthcare sectors. In this study, the North Americanmarket has been segmented into Canada, Mexico, and the U.S. The APAC region is among the major markets for various sectors such as consumer electronics and industrial. Moreover, Europe is one of the potential markets for healthcare and industrial sectors as countries such as the U.K, Germany, and France are actively trying to strengthen their position in these markets.
The major companies involved in the development of wearable sensors include NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), TE Connectivity Ltd. (U.S.), Broadcom Limited (U.S.), Knowles Electronics, LLC. (U.S.), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), Asahi Kasei Corporation (Japan), Sensirion AG (Switzerland), InvenSense, Inc. (U.S.), Robert Bosch GmbH (Germany), Texas Instruments Incorporated (U.S.), Panasonic Corporation (Japan), mCube, Inc. (U.S.), ams AG (Austria), and ARM Holdings Plc. (U.K), among others.
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