Sarasota, FL, Feb. 07, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Wearable Sensor Market by Product Type (Accelerometers, Magnetometers, Inertial Sensors, Motion Sensors, Pressure Sensors, Temperature Sensors, Medical-Based Sensors, Image Sensors, Touch Sensors and Others) for Wrist Wear, Eye Wear, Neck Wear, Foot Wear, Body Wear and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022”. According to the report, the global wearable sensors market accounted for around USD 237.93 Million in 2016 and is expected to reach approximately USD 1,387.04 Million by 2022, growing at a CAGR of around 34.2% between 2017 and 2022.
Wearable sensors can be used in various remote spots and scenarios. Essentially, wearable wireless sensor networks can be carried anywhere, but operation conditions may make effective operation hard. The concept of body wearable sensors is gaining massive attention in research activities. They can be networked in Wireless Body Area Network (WBAN). Currently, mood and emotion recognition has emerged as the dynamic topic of research. Recognizing emotions and expressions may assist to track violence, aggression, suspect behavior also illness, weakness, unconsciousness, boredom, death, in tele-surveillance approaches. Technology challenges are the positioning the sensors in a controlled affix position, without hindering body movements.
Browse through 13 Market Tables and 30 Figures spread through 110 Pages and in-depth TOC on “Global Wearable Sensor Market: By Product Type, Application, Size, Share, Trends, Analysis, Segment and Forecast 2016 – 2022”.
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The growth of the global wearable sensors market is mainly attributed to increased penetration of wireless connectivity, growing interest of tier I players in the wearable ecosystem and mounting benefits of wearable devices in the healthcare sector. Furthermore, advancements in microelectronics, sensor manufacturing, and telecommunication are predicted to favor the wearable sensors market growth. Moreover, miniaturization, decreasing cost, integration with consumer electronic devices and accessories spur wearable sensors demand. On a contrary, consumer awareness regarding the benefits and usage of wearable sensors is expected to have the adverse impact on wearable sensors market. Even so, impending applications of wearable technology coupled with increasing number of connected devices are some of the factors that may disclose new avenues for wearable sensors market in the near future.
Significant use of accelerometers sensors in applications such as wrist wear, body wear, and eyewear is expected to gain remarkable traction in the coming years. Growing use of the inertial sensor in consumer electronic is predicted to drive inertial sensor segment massively.
Browse the full "Wearable Sensor Market by Product Type (Accelerometers, Magnetometers, Inertial Sensors, Motion Sensors, Pressure Sensors, Temperature Sensors, Medical-Based Sensors, Image Sensors, Touch Sensors and Others) for Wrist Wear, Eye Wear, Neck Wear, Foot Wear, Body Wear and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022" report at https://www.zionmarketresearch.com/report/wearable-sensor-market
Based on application, wearable sensors market segmented into wrist wear, neck wear, eyewear, footwear, body wear and others. Bodywear expected to be the most lucrative application segment and also predicted to grow with highest CAGR throughout the forecast period. The growth of this segment is mainly attributed to extensive use in consumer electronics, industrial, and medical sectors for several applications.
With the largest share, North America was a leading regional market for wearable sensors in 2016. Early adopters of newer technology coupled with increasing demand across diverse application sectors such as wearable technology for healthcare, fitness, and security is expected to shape North American wearable sensors market. The presence of noticeable player’s operative in wearable sensors as well as smart watches manufacturer is expected to prompt the growth of the market in this region.
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Europe is another leading regional market for wearable sensors and is expected to witness remarkable growth in the analysis period. This growth is mainly due to the high demand for process automation paired with increasing demand from body wear. Ongoing technological advancement and consumer awareness regarding the benefits and usage of wearable sensors are some of the major contributing factors for the growth of wearable sensors market.
Asia-Pacific ranks as the fastest emerging market for wearable sensor market owing to the low cost of wearable sensors. Consumer awareness towards health and fitness, growing healthcare industry, rising use of technology and computing in daily life are some of the key opportunities for the players operating in wearable sensors market.
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Latin America is estimated to witness significant growth in the forecast period. This is mainly due to the low cost of wearable sensors and their various benefits. Brazil is expected to hold largest market share in analysis period due to increasing demand for fitness applications and devices.
The Middle East and Africa is expected to be one of the fastest growing regional markets for wearable sensors in the coming years. Saudi Arabia is estimated to be the most lucrative market for wearable sensors in the Middle East. Low cost of wearable sensors in African region is expected to attract key players of wearable sensors market.
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Key players in this market are Robert Bosch GmbH, Broadcom Limited (Avago), STMicroelectronics. Infineon Technologies AG, mCube, Inc., Knowles Electronics, LLC., Panasonic Corporation, TE Connectivity Ltd., Asahi Kasei Corporation, NXP Semiconductors, Invensense, Inc., Texas Instruments Inc and ARM Holdings PLC amongst others.
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This report segments global wearable sensors market as follows:
Global Wearable Sensors Market: Product Type Segment Analysis
- Accelerometers
- Magnetometers
- Inertial Sensors
- Motion Sensors
- Pressure Sensors
- Temperature Sensors
- Medical- Based Sensors
- Image Sensors
- Touch Sensors
- Others
Global Wearable Sensors Market: Application Segment Analysis
- Wristwear
- Neck Wear
- Eyewear
- Footwear
- Bodywear
- Others
Global Wearable Sensors Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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