HOME Top Market Reports Wearable Sensors Market by Type (Accelerometers, Magnetometers, Gyroscopes, Image Sensors, Inertial Sensors, Temperature & Humidity Sensors, Pressure & Force Sensors, Touch Sensors and Motion Sensors), Application (Wristwear, Eyewear, Bodywear), Vertical, and Geography - Global Forecast to 2022

Wearable Sensors Market by Type (Accelerometers, Magnetometers, Gyroscopes, Image Sensors, Inertial Sensors, Temperature & Humidity Sensors, Pressure & Force Sensors, Touch Sensors and Motion Sensors), Application (Wristwear, Eyewear, Bodywear), Vertical, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: SE 2816

 

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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. This report provides the market size and future growth potential of the wearable sensors market across different segments such as type, application, vertical, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the wearable sensors market. The advancement toward smaller, smarter, and cheaper sensors is expected to propel the growth of the wearable sensors market. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.

The research methodology used to estimate and forecast the wearable sensors market begins with capturing data on key vendor revenues through secondary research. Some of the secondary sources include associations such as Center for Advanced Sensor Technologies, International Frequency Sensor Association (IFSA), Semiconductor Equipment and Materials International (SEMI), and IoT ONE Community. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the global wearable sensors market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, and directors. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the below figure.

Sensors in Wearable Electronics Market

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The wearable sensors ecosystem includes raw material suppliers, chip designers, and technology providers such as 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).

Key Target Audience

  • Electronic design automation (EDA) and design tool vendors
  • Players involved in machine to machine (M2M) and Internet of Things (IoT) platform
  • Consumer wearable manufacturers
  • Healthcare-related product manufacturers
  • Textile, cloth, and yarn manufacturers and suppliers
  • Luxury clothing and accessory manufacturers
  • Consumer electronics manufacturers
  • Integrated device manufacturers (IDMs)
  • Sensor, actuator, and transducer players
  • Wearable electronics intellectual property players
  • Wearable electronics technology platform developers
  • Original equipment manufacturers (OEMs) (wireless equipment manufacturers or electronic product manufacturers)
  • Research organizations  

Scope of the Report

The wearable sensors market has been covered in detail in this report segmented on the basis of type, application, vertical, and region. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The wearable sensors market has been segmented as follows:

By Type:

  • Accelerometers
  • Magnetometers
  • Gyroscopes
  • Inertial Sensors
  • Motion Sensors
  • Pressure and Force Sensors
  • Temperature and Humidity Sensors
  • Microphones and Microspeakers
  • Medial-based Sensors
  • Image Sensors
  • Touch Sensors
  • Others (Position Sensors, CO2 Sensors (Gas Sensor & Chemical Sensor), and Light Sensors)

By Application:

  • Wristwear
  • Eyewear
  • Footwear
  • Neckwear
  • Bodywear
  • Others

By Vertical:

  • Consumer Goods
  • Healthcare
  • Industrial
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW) (South America and Middle East & Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Market size for 2017, 2019, and 2021 for segments such as type, application, vertical, and geography.
  • Company information: detailed analysis and profiling of additional market players (up to five).

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Demand-Side Analysis
                    2.2.1.1 Increasing Use of Smartphones to Manage Daily Life
                    2.2.1.2 Growing Focus of Customers on Health and Fitness
           2.2.2 Supply-Side Analysis
                    2.2.2.1 Growing Need for Real-Time Analysis
                    2.2.2.2 Technological Advances in the Healthcare Market
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Opportunities in the Wearable Sensors Market
    4.2 Wearable Sensors Market, By Type (2016–2022)
    4.3 Wearable Sensors Market, By Application (2016–2022)
    4.4 Wearable Sensors Market, By Vertical (2016–2022)
    4.5 Wearable Sensors Market, By Region and Vertical
    4.6 Wearable Sensors Market, By Geography (2016–2022)
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Wearable Sensors Market, By Type
           5.2.2 Wearable Sensors Market, By Technology
           5.2.3 Wearable Sensors Market, By Application
           5.2.4 Wearable Sensors Market, By Vertical
           5.2.5 Wearable Sensors Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Advancement Toward Smaller, Smarter, and Cheaper Sensors
                    5.3.1.2 Miniaturization Trend in Sensors
                    5.3.1.3 Rising Share of Aging Population
                    5.3.1.4 Mounting Benefits of Wearable Devices in the Healthcare Sector
                    5.3.1.5 Advent of Platforms Such as IoT, AR, and M2M
                    5.3.1.6 Growing Interest of Tier I Players in Wearable Ecosystem
                    5.3.1.7 Growing Trend Toward Smart Living Among End Users
           5.3.2 Restraints
                    5.3.2.1 Lack of Common Standards and Interoperability Issues
                    5.3.2.2 High Cost of Wearable Products
                    5.3.2.3 Regulatory Issues
                    5.3.2.4 Concerns Regarding Security and Privacy
           5.3.3 Opportunities
                    5.3.3.1 Increasing Number of Connected Devices
                    5.3.3.2 Potential Applications With Respect to Wearable Technology
           5.3.4 Challenges
                    5.3.4.1 Technical Difficulties Related to Hardware and Software
                    5.3.4.2 Device Protection and Thermal Consideration
                    5.3.4.3 Increased Integration

6 Industry Trends (Page No. - 60)
    6.1 Introduction
           6.1.1 Value Chain Analysis
           6.1.2 Core Industry Segments
                    6.1.2.1 Raw Material & Equipment Suppliers
                    6.1.2.2 Chip Designers
                    6.1.2.3 Technology Providers
                    6.1.2.4 Integrators
                    6.1.2.5 Applications
    6.2 Key Industry Trends in the Wearable Sensors Market
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry

7 Wearable Sensors Market, By Type (Page No. - 70)
    7.1 Introduction
    7.2 Accelerometers
    7.3 Magnetometers
    7.4 Gyroscopes
    7.5 Inertial Sensors
    7.6 Motion Sensors
    7.7 Pressure and Force Sensors
    7.8 Temperature and Humidity Sensors
    7.9 Microphones & Microspeakers
    7.10 Medical- Based Sensors
           7.10.1 Blood Oxygen Sensors
           7.10.2 Blood Glucose Sensors
           7.10.3 Blood Flow Sensors
           7.10.4 ECG Sensors
           7.10.5 Heart Rate Sensors
           7.10.6 Hall Effect Sensors
    7.11 Image Sensors
    7.12 Touch Sensors
    7.13 Others
           7.13.1 Position Sensors
           7.13.2 Co2 Sensors (Gas Sensor & Chemical Sensor)
           7.13.3 Light Sensors

8 Key Technologies in Wearable Sensor (Page No. - 95)
    8.1 Introduction
    8.2 MEMS
           8.2.1 Role of Very Large-Scale Integratin Technology (VLSI)
           8.2.2 Relevance of Nanoelectromechanical System (NEMS)
    8.3 Cmos
    8.4 Others
           8.4.1 Microsystems Technology (MST)
           8.4.2 Optical Spectroscopy
           8.4.3 Application-Specifitc Integrated Circuit (ASIC)

9 Wearable Sensors Market, By Application (Page No. - 97)
    9.1 Introduction
    9.2 Wristwear
           9.2.1 Wrist Wearable Bands/Watches
           9.2.2 Wrist Wearable Bracelets
    9.3 Eyewear
           9.3.1 Google Glasses
           9.3.2 Smart Contact Lenses, HMDs, and HUDs
    9.4 Footwear
    9.5 Neckwear
           9.5.1 Ties & Collars
           9.5.2 Ornaments & Jewellery
    9.6 Bodywear
           9.6.1 Clothing & Inner-Wear
           9.6.2 ARM & Legwear
           9.6.3 Smart Socks
           9.6.4 Body-Worn Cameras
           9.6.5 Chest Straps
    9.7 Others
           9.7.1 Ring Scanner/Wear
           9.7.2 Smart Headsets/Head Bands
           9.7.3 Earwear

10 Wearable Sensors Market, By Vertical (Page No. - 109)
     10.1 Introduction
     10.2 Consumer
             10.2.1 Fitness and Sports
             10.2.2 Infotainment and Multimedia
             10.2.3 Garments and Fashion
     10.3 Healthcare
             10.3.1 Clinical Applications
             10.3.2 Non-Clinical Applications
     10.4 Industrial
             10.4.1 Logistics, Packaging, and Warehouse Applications
             10.4.2 Other Industrial Sectors (Chemicals, Petroleum, Oil and Gas, Mining, and Construction)
     10.5 Other Verticals

11 Geographic Analysis (Page No. - 130)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 Asia-Pacific (APAC)
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Rest of APAC
     11.5 Rest of the World (RoW)
             11.5.1 South America
             11.5.2 Middle East and Africa

12 Competitive Landscape (Page No. - 146)
     12.1 Overview
     12.2 Key Players in Wearable Sensors Market
     12.3 Competitive Situations and Trends
             12.3.1 New Product Developments
             12.3.2 Partnerships, Collaborations, and Agreements
             12.3.3 Mergers & Acquisitions
             12.3.4 Other Developments
             12.3.5 Expansions

13 Company Profiles (Page No. - 157)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 Stmicroelectronics
     13.3 Infineon Technologies AG
     13.4 NXP Semiconductors
     13.5 Robert Bosch GmbH
     13.6 Invensense, Inc.
     13.7 Knowles Electronics, LLC.
     13.8 TE Connectivity Ltd.
     13.9 mCube, Inc.
     13.10 Sensirion AG
     13.11 ams AG
     13.12 Texas Instruments Inc.
     13.13 Broadcom Limited (Avago)
     13.14 Analog Devices, Inc.
     13.15 ARM Holdings PLC.
     13.16 Panasonic Corporation
     13.17 Asahi Kasei Corporation

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 199)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (74 Tables)

Table 1 Currency Table
Table 2 Wearable Sensors Market: Market Size in Terms of Value and Voume, 2014–2022
Table 3 Pricing By Industry for Wearable Devices: Vandrico Inc. (Canada) Perspective (2014–2015)
Table 4 Porter’s Five Forces Analysis: Intensity of Competitive Rivalry Likely to Have A High Impact on the Wearable Sensors Market
Table 5 Wearable Sensors Market, By Type, 2014–2022 (USD Million)
Table 6 Wearable Sensors Market, By Type, 2014–2022 (Million Units)
Table 7 Wearable Sensors Market for Accelerometers, By Application, 2014–2022 (USD Million)
Table 8 Wearable Sensors Market for Accelerometers, By Vertical, 2014–2022 (USD Million)
Table 9 Wearable Sensors Market for Magnetometers, By Application, 2014–2022 (USD Million)
Table 10 Wearable Sensors Market for Magnetometers, By Vertical, 2014–2022 (USD Million)
Table 11 Wearable Sensors Market for Gyroscopes, By Application, 2014–2022 (USD Million)
Table 12 Wearable Sensors Market for Gyroscopes, By Vertical, 2014–2022 (USD Million)
Table 13 Wearable Sensors Market for Inertial Sensors, By Application, 2014–2022 (USD Million)
Table 14 Wearable Sensors Market for Inertial Sensors, By Vertical, 2014–2022 (USD Million)
Table 15 Wearable Sensors Market for Motion Sensors, By Application, 2014–2022 (USD Million)
Table 16 Wearable Sensors Market for Motion Sensors, By Vertical, 2014–2022 (USD Million)
Table 17 Wearable Sensors Market for Pressure & Force Sensors, By Application, 2014–2022 (USD Million)
Table 18 Wearable Sensors Market for Pressure & Force Sensors, By Vertical, 2014–2022 (USD Million)
Table 19 Wearable Sensors Market for Temperature and Humidity Sensors, By Application, 2014–2022 (USD Million)
Table 20 Wearable Sensors Market for Temperature & Humidity Sensors, By Vertical, 2014–2022 (USD Million)
Table 21 Wearable Sensors Market for Microphones & Microspeakers, By Application, 2014–2022 (USD Million)
Table 22 Wearable Sensors Market for Microphones & Microspeakers, By Vertical, 2014–2022 (USD Million)
Table 23 Wearable Sensors Market for Medical-Based Sensors, By Application, 2014–2022 (USD Million)
Table 24 Wearable Sensors Market for Medical-Based Sensors, By Vertical, 2014–2022 (USD Million)
Table 25 Wearable Sensors Market for Image Sensors, By Application, 2014–2022 (USD Million)
Table 26 Wearable Sensors Market for Image Sensors, By Vertical, 2014–2022 (USD Million)
Table 27 Wearable Sensors Market for Touch Sensors, By Application, 2014–2022 (USD Million)
Table 28 Wearable Sensors Market for Touch Sensors, By Vertical, 2014–2022 (USD Million)
Table 29 Wearable Sensors Market for Other Sensors, By Application, 2014–2022 (USD Million)
Table 30 Wearable Sensors Market for Other Sensors, By Vertical, 2014–2022 (USD Million)
Table 31 Wearable Sensors Market, By Application, 2014–2022 (USD Million)
Table 32 Wearable Sensors Market for Wristwear Application, By Type, 2014–2022 (USD Million)
Table 33 Wearable Sensors Market for Eyewear Application, By Type, 2014–2022 (USD Million)
Table 34 Wearable Sensors Market for Footwear Applications, By Type, 2014–2022 (USD Million)
Table 35 Wearable Sensors Market for Neckwear Application, By Type, 2014–2022 (USD Million)
Table 36 Wearable Sensors Market for Bodywear Application, By Type, 2014–2022 (USD Million)
Table 37 Wearable Sensors Market for Other Applications, By Type, 2014–2022 (USD Million)
Table 38 Wearable Sensors Market, By Vertical, 2014–2022 (USD Million)
Table 39 Wearable Sensors Market for the Consumer Vertical, By Type, 2014–2022 (USD Million)
Table 40 Wearable Sensors Market for the Consumer Vertical, By Region, 2014–2022 (USD Million)
Table 41 Wearable Sensors Market for the Consumer Goods Vertical in North America, By Country, 2014–2022 (USD Million)
Table 42 Wearable Sensors Market for the Consumer Goods Vertical in Europe, By Country, 2014–2022 (USD Million)
Table 43 Wearable Sensors Market for the Consumer Goods Vertical in APAC, By Country, 2014–2022 (USD Million)
Table 44 Wearable Sensors Market for the Consumer Goods Vertical in RoW, By Region, 2014–2022 (USD Million)
Table 45 Wearable Sensors Market for the Healthcare Vertical, By Type, 2014–2022 (USD Million)
Table 46 Wearable Sensors Market for the Healthcare Vertical, By Region, 2014–2022 (USD Million)
Table 47 Wearable Sensors Market for the Healthcare Vertical in North America, By Country, 2014–2022 (USD Million)
Table 48 Wearable Sensors Market for the Healthcare Vertical in Europe, By Country, 2014–2022 (USD Million)
Table 49 Wearable Sensors Market for the Healthcare Vertical in APAC, By Country, 2014–2022 (USD Million)
Table 50 Wearable Sensors Market for the Healthcare Vertical in RoW, By Region, 2014–2022 (USD Million)
Table 51 Wearable Sensors Market for the Industrial Vertical, By Type, 2014–2022 (USD Million)
Table 52 Wearable Sensors Market for Industrial Vertical, By Region, 2014–2022 (USD Million)
Table 53 Wearable Sensors Market for the Industrial Vertical in North America, By Country, 2014–2022 (USD Million)
Table 54 Wearable Sensors Market for Industrial Vertical in Europe, By Country, 2014–2022 (USD Million)
Table 55 Wearable Sensors Market for Industrial Vertical in APAC, By Country, 2014–2022 (USD Million)
Table 56 Wearable Sensors Market for Industrial Vertical in RoW, By Region, 2014–2022 (USD Million)
Table 57 Wearable Sensors Market for Other Verticals, By Type, 2014–2022 (USD Million)
Table 58 Wearable Sensors Market for Other Verticals, By Region, 2014–2022 (USD Million)
Table 59 Wearable Sensors Market for Other Verticals in North America, By Country, 2014–2022 (USD Million)
Table 60 Wearable Sensors Market for Other Verticals in Europe, By Country, 2014–2022 (USD Million)
Table 61 Wearable Sensors Market for Other Verticals in APAC, By Country, 2014–2022 (USD Million)
Table 62 Wearable Sensors Market for Other Verticals in RoW, By Region, 2014–2022 (USD Million)
Table 63 Wearable Sensors Market, By Region, 2014–2022 (USD Million)
Table 64 Wearable Sensors Market in North America, By Country, 2014–2022 (USD Million)
Table 65 Wearable Sensors Market in Europe, By Country, 2014–2022 (USD Million)
Table 66 Wearable Sensors Market in APAC, By Country, 2014–2022 (USD Million)
Table 67 Wearable Sensors Market in RoW, By Region, 2014–2022 (USD Million)
Table 68 Companies Segment Revenue of Major Players, USD Billion (2013–2015)
Table 69 Top 5 Players in the Wearable Sensors Market, 2015
Table 70 New Product Developments (2014–2016)
Table 71 Partnerships, Collaboration, and Agreements (2015–2016)
Table 72 Mergers & Acquisitions (2014–2016)
Table 73 Other Developments (2016)
Table 74 Expansions (2016)


List of Figures (82 Figures)

Figure 1 Market Segmentation
Figure 2 Wearable Sensors Market: Research Design
Figure 3 Double-Digit Y-O-Y Growth Rate of Smartphone Shipment for Almost All the Regions (2014)
Figure 4 Increasing Internet Users: Major Growth Factor for the Smartphones Market
Figure 5 Overseas Development Institute (2014) Statistics: Percentage of Overweight and Obese Adults With >25 BMI (1980–2008)
Figure 6 Bottom-Up Approach
Figure 7 Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Research Flow
Figure 10 Wearable Sensors Market (2014–2022)
Figure 11 Wearable Sensors Market for Gyroscopes Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 12 Wristwear Application Expected to Hold A Major Market Size During the Forecast Period
Figure 13 Consumer Goods Vertical Expected to Lead the Overall Wearable Sensors Market Till 2022
Figure 14 North America Held the Largest Size of the Wearable Sensors Market in 2015
Figure 15 Wearable Sensors Market Expected to Grow at A Significant Rate Between 2016 and 2022 Owing to Increasing Demand for Fitness and Health Tracking Devices
Figure 16 Accelerometers Expected to Lead the Overall Wearable Sensors Market By 2022
Figure 17 Wristwear and Bodywear Expected to Be the Top 2 Markets for the Wearable Sensors Market Between 2016 and 2022
Figure 18 Wearable Sensors Market for Industrial Vertical Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 19 North America Expected to Hold the Largest Share of the Wearable Sensors Market in 2016
Figure 20 U.S. Expected to Hold the Largest Share of the Wearable Sensors Market in 2016
Figure 21 North America Expected to Dominate the Wearable Sensors Market Between 2016 and 2022
Figure 22 Sensors: A Major Component of Wearable Device
Figure 23 Increasing Advancement Toward Smaller, Smarter, and Cheaper Sensors Expected to Propel the Growth of the Wearable Sensors Market
Figure 24 Declining Cost of Sensors Likely to Drive the Overall Wearable Sensors Market (1992–2014)
Figure 25 Decreasing Price of Sensors to Continue Till 2020
Figure 26 World Population By Broad Age Group (2000–2050)
Figure 27 Presence of Tier I Players in Wearable Ecosystem (2015)
Figure 28 Overall Wearable Electronics Growth: Fitbit, Inc. Perspective
Figure 29 Number of Connected Devices to Reach Approximately 50 Billion By 2020: Cisco Perspective
Figure 30 Increasing Penetration Rate of Connected Objects (2012–2020)
Figure 31 Value Chain Analysis of the Wearable Sensors Market
Figure 32 Inclination Toward Offering Advanced and Smart Sensors: Leading Trend Among Market Players
Figure 33 Snapshot of Porter’s Five Forces Analysis of Wearable Sensors Market (2015)
Figure 34 Wearable Sensors Market: Porter’s Five Forces Analysis (2015)
Figure 35 Wearable Sensors Market: Threat of New Entrants
Figure 36 Wearable Sensors Market: Threat of Subsittutes
Figure 37 Wearable Sensors Market: Bargaining Power of Buyers
Figure 38 Wearable Sensors Market: Bargaining Power of Suppliers
Figure 39 Wearable Sensors Market: Intensity of Competitive Rivalry
Figure 40 Wearable Sensors Market for Gyroscopes Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 41 Wristwear Application Expected to Hold Major Size of the Wearable Sensors Market Between 2016 and 2022
Figure 42 Wearable Sensors Market for Wristwear to Hold Major Size Between 2016 and 2022
Figure 43 Bodywear Application Expected to Grow at the Highest Rate in the Wearable Sensors Market Between 2016 and 2022
Figure 44 Wristwear Application to Hold the Largest Size of the Wearable Sensors Market Between 2016 and 2022
Figure 45 Eyewear Application Likely to Grow at the Highest Rate During the Forecast Period in the Wearable Sensors Market (USD Million)
Figure 46 Key Technologies Related to Sensors Used in Wearable Devices
Figure 47 Wearable Sensors Market, By Application, 2014–2022 (USD Million)
Figure 48 Magnetometer Likely to Grow at the Highest Rate in the Wearable Sensors Market Between 2016 and 2022
Figure 49 Gyroscopes Expected to Grow at the Highest Rate in the Wearable Sensors Market During the Forecast Period
Figure 50 Consumer Goods Vertical to Hold the Largest Size of the Wearable Sensors Market Between 2016 and 2022
Figure 51 China Expected to Lead the Wearable Sensors Market for the Consumer Goods Vertical in APAC Between 2016 and 2022
Figure 52 U.S. to Lead the Wearable Sensors Market for the Healthcare Vertical in North America Between 2016 and 2022
Figure 53 Accelerometers to Lead the Wearable Sensors Market for the Industrial Vertical in 2022
Figure 54 Microphones and Microspeakers to Hold the Largest Size of the Wearable Sensors Market for Other Verticals Between 2016 and 2022
Figure 55 Geographic Snapshot of the Wearable Sensors Market (2016–2022)
Figure 56 Snapshot of the Wearable Sensors Market in North America
Figure 57 Snapshot of the Wearable Sensors Market in Europe
Figure 58 Snapshot of the Wearable Sensors Market in APAC
Figure 59 Companies Adopted New Product Launch & Development as the Key Growth Strategy Between 2013 and 2016
Figure 60 Invensense, Inc. Registered Highest Growth Rate in Terms of Segment Revenue Between 2013 and 2015
Figure 61 Market Evolution Framework — New Product Developments as the Major Strategy Adopted By Key Players (2013–2016)
Figure 62 Battle for Market Ranking: New Product Developments as the Key Growth Strategy
Figure 63 Geographic Revenue Mix of the Major Market Players (2015)
Figure 64 Stmicroelectronics: Company Snapshot
Figure 65 Stmicroelectronics: SWOT Analysis
Figure 66 Infineon Technologies AG: Company Snapshot
Figure 67 Infineon Technologies AG : SWOT Analysis
Figure 68 NXP Semiconductors: Company Snapshot
Figure 69 NXP Semiconductors: SWOT Analysis
Figure 70 Robert Bosch GmbH: Company Snapshot
Figure 71 Robert Bosch GmbH: SWOT Analysis
Figure 72 Invensense, Inc.: Company Snapshot
Figure 73 Invensense, Inc.: SWOT Analysis
Figure 74 Knowles Electronics, LLC.: Company Snapshot
Figure 75 TE Connectivity Ltd.: Company Snapshot
Figure 76 AMS AG: Company Snapshot
Figure 77 Texas Instruments Inc.: Company Snapshot
Figure 78 Broadcom (Avago): Company Snapshot
Figure 79 Analog Devices, Inc.: Company Snapshot
Figure 80 ARM Holdings PLC.: Company Snapshot
Figure 81 Panasonic Corporation: Company Snapshot
Figure 82 Asahi Kasei Corporation: Company Snapshot

According to MarketsandMarkets’ forecast, the overall wearable sensors market was valued at USD 189.4 Million in 2015 and is expected to reach USD 1,654.0 Million by 2022, growing at a CAGR of 30.14% between 2016 and 2022. The growth of this market is propelled by the increasing advancement toward smaller, smarter, and cheaper sensors, miniaturization trend in sensors, rising share of aging population, and mounting benefits of wearable devices in the healthcare sector. The market is further driven by advent of platforms such as IoT, AR, and M2M, growing interest of Tier I players in wearable ecosystem, and growing trend toward smart living among end users.

This report covers the wearable sensors market based on type, application, vertical, and geography. In terms of type, pressure and force sensors are expected to hold a major market size during the forecast period. The growing usage of wearable devices such as smart watches and fitness bands is likely to drive the market for pressure and force sensors. These devices have created awareness among people to be fit and healthy by continuous monitoring of their health. Also, smart watches have an advantage of tracking the user’s outdoor activities such as trekking, cycling, and fishing. Thus, pressure and force sensors are widely used in many sectors such as consumer electronics, medical, and healthcare for a variety of applications such as smart shoes and smart socks.

The market for the bodywear application is expected to grow at the highest rate between 2016 and 2022. Rapid changes in terms of manufacturing technology, innovation, and technical advancements in various industries are expected to drive the market for the bodywear application. The significant growth of the bodywear segment can be attributed to the growing popularity among the youth and the increasing need for continuous health monitoring and safety in sports and industrial sectors.

The market for the consumer goods vertical is expected to grow at the highest rate between 2016 and 2022. Applications such as fitness and sports, infotainment and multimedia, and garments and fashion are majorly considered under the consumer goods vertical. The increasing demand for smart gadgets and gaming devices for interactive gaming and entertainment in the consumer goods sector is driving the growth of the wearable sensors market for the consumer goods vertical.

Sensors in Wearable Electronics Market

North America is expected to hold the major share of the wearable sensors market between 2016 and 2022. The increased R&D in the field of wearable sensors, in terms of new and improved technologies, and the rising demand for improved lifestyle are the two crucial factors driving the market in this region. The increasing R&D capabilities are broadening the application areas of wearable sensors in different industries such as consumer electronics, healthcare, and entertainment.

The major challenges for the companies in the market are technical difficulties related to hardware and software and increased integration. The major vendors in the wearable sensors market 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).

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