Global
wearable sensors market was valued at USD 50 million in 2013, growing
at a CAGR of 45.2% from 2014 to 2020 to account for USD 656.7 million
in 2020.
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Wearable Sensor Market Report with Full TOC at
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The
wearable sensor market is primarily driven by growing demand from the
health care sector. With the increase in awareness of health issues
faced across the globe, the demand for wearable sensors has grown
substantially. In addition, rising demand from sports industry,
consumer electronics and gaming industry has also contributed to the
growth of wearable market globally. The need for security and fitness
in the form of smart wearable devices has also augmented the
worldwide demand for wearable sensors significantly. Moreover,
technological advancements in the industry verticals have also
contributed to the growth in wearable sensor market. High end
technology devices such as smartwatches and fitness band are fuelling
the growth of wearable sensor market constantly.
Motion
sensor held the highest market revenue share accounting to USD 24.7
million in 2014 and is expected to remain high during the forecast
period. Demand for motion sensor is attributed to their wide range of
applications in smart watches, biometric wearable, smart glass,
fitness band and consumer durables. Growing needs in fitness and
healthcare industries is the emerging trends of North America is also
expected to drive the growth in wearable sensor market over the
forecast period from 2014 to 2020.
The
wrist wear segment led the wearable sensor market in 2014, by
accounting for USD 32.6 million. The dominance of this segment is due
to the rise in demand of smart watches across the globe which has
increased by 31.6% in 2014 as compared to the previous year. Body
wears is analyzed to be the fastest growing application segment for
wearable sensors and is expected to attain a significant growth in
the recent future. The wrist wear segment is about to grow with a
CAGR of 45% during the forecast period.
Geographically,
North America led the wearable market in 2014 and the region is
expected to continue its dominance in 2020. The region’s dominance
is due to the urge to maintain a healthy lifestyle in countries such
as US, Canada and Mexico. Moreover, rapid increase in technological
advancements in this region is also contributing to growth of
wearable sensors market. Europe and Asia- Pacific collectively
account for more than 50% of the global wearable sensors market.
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The
report provides company market share analysis of the various regions
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies and recent
developments in the field of wearable industry. Major market
participants profiled in this report include Texas instruments,
Freescale semiconductor Inc, Analog Devices Inc, Infineon
Technologies AG, NXP Semiconductors and Panasonic Corporation among
others.
The
report studies the global wearable sensors market, and provides
estimates in terms of revenue (USD Million) from 2014 to 2020. Market
estimates on the basis of application and product type for each
region. The market has been segmented as follows
Wearable
Sensors Market: By geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Wearable
sensors Market: By product type
- Motion sensors
- Pressure sensors
- Temperature sensors
- Image sensors
- Position sensors
- Medical based sensors
- Others
Wearable
sensors Market: By application
- Wrist wear
- Eye wear
- Foot wear
- Body wear
- Others
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Browse
Press Release Of Wearable Sensor Market
http://www.transparencymarketresearch.com/pressrelease/wearable-sensor-market.htm
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