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Wearable Sensors Market Analysis By 2019: Global Size, Share, Technology Trends, Prices, Latest Research, Future Growth and Forecast

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Wearable Sensors Market Analysis By 2019: Global Size, Share, Technology Trends, Prices, Latest Research, Future Growth and Forecast

August 27
11:36 2019
Wearable Sensors Market Analysis By 2019: Global Size, Share, Technology Trends, Prices, Latest Research, Future Growth  and Forecast

Wearable Sensors Market
Wearable Sensors Market Information, by Types (Motion Sensors, Medical Based Sensors, Image sensors, Position Sensors, Pressure Sensors, Inertial Sensors and Others), by Application (Smart Wristwear, Smart Glasses, Smart Bodywears, Smart Footwear and Other Wearable Devices) by End User (Consumer, Healthcare, Enterprise and Industrial and Others) – Forecast to 2020

Market Synopsis:

According to the analysis offered by Market Research Future (MRFR), the global wearable sensors market is expected to expand exponentially, in terms of value, at CAGR of 46.6% over the assessment period. In terms of volume, the market is estimated to strike a CAGR of 26.2% through the forecast period. The rapid developments in the sensor technology are presumed to drive the growth of the market over the next couple of years.

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Wearable sensors facilitate continuous monitoring of the vitals which has influenced the buyers’ behavior pattern. The paradigm shift towards a healthy lifestyle has encouraged the people to adopt wearable sensors which are projected to augment the market over the assessment period.

The developments in the global economy have escalated the purchasing power of the people. It is likely to favor the expansion of the wearable sensors market positively through the review period. Furthermore, the integration of IoT in the healthcare industry is also expected to motivate the growth trajectory of the wearable sensors market over the next couple of years.

Global Wearable Sensors Market Segmentation

Globally, wearable sensors can be segmented on the basis of type, application, end-users, and region.

The market has been segmented into motion sensors, position sensors, pressure sensors, medical based sensors, inertial sensors, image sensors, and others on the basis of type. Among these, the wearable image sensor is projected to rise at a significant rate over the review period owing to their substantial applications in mobile devices in the area of defense and infotainment.

The market has been segmented into smart body wears, smart footwear, smart glasses, smart wristwear, and others based on application.

The market has also been segmented into healthcare, consumer, industrial, enterprise, and others based on end-user. Among these, the consumer electronics sector is witnessed to hold the maximum share. The availability of cheap fitness tracker has increased the consumption of wearable sensors.

Regional Analysis

Considering the global scenario, North America is regarded to dominate the global market for wearable sensors. According to the World Health Organization (WHO), 9.3 % of the total population rate in America is suffering from diabetes. Due to the presence of huge obese and diabetic population and increasing rate of cardiovascular diseases, the American market is expected to show its dominance over the review period. Moreover, there is a significant increase in the adoption of automation which has led to the growth of the market.

The European market is also growing at a significant rate and is anticipated to hold the second largest position globally owing to the high patient population, government support for R&D, and high healthcare expenditure.

Asia Pacific market is expected to grow at the fastest pace during the assessment period due to growing diabetic population and opportunity for growth of the market.

Industrial News

Texas Instruments has introduced the smallest operational amplifier and low-power comparators at 0.64 mm2. The TLV9061 op-amp and TLV7011 family of comparators are expected to help the wearable tech designers to reduce cost and system size besides maintaining high performance. This technology is dedicated to industrial application, wearables, personal electronics, optical modules, smart grid and battery-powered systems, motor drives, and others.

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