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 the wearable sensors market is driven by the increasing advancement toward smaller, smarter, and cheaper sensors, miniaturization trend in sensors, and mounting benefits of wearable devices in the healthcare sector.
The competition in the wearable sensors market is high because of the presence of a large number of players. Some of the key players 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), among others.
STMicroelectronics N.V. has its headquarters in Geneva, Switzerland. It employed approximately 43,620 people as of 2015. In the same year, STM generated ~52% of its revenue from Switzerland and ~24% from the Netherlands. All the products offered by the company are utilized for a variety of applications such as automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation, and control systems. STMicroelectronics operates through 79 sales offices in approximately 35 countries globally. New product development and partnership were the major strategies adopted by STM between 2013 and 2016. For instance, in September 2016, STM launched a new wireless battery-charging chipset for ultracompact sports wearables, medical sensors, wellness monitors, and remote controllers. The device can transfer power up to 1W with smaller coils which can be increased up to 3W by using larger coils and a full-bridge circuit on the transmitter side.
Infineon Technologies AG designs and manufactures semiconductors and complete system solutions to sell to multiple electronics designers and manufacturers worldwide. The company has a strong market position in almost all the industries it operates and well-balanced revenue generation from all its business segments. The strong position of the company in various markets provides it a competitive advantage. The company operates in all the geographic regions. It earned a large share of its revenue from APAC (46%) in 2015. New product development was the major strategy adopted by Infineon Technologies AG between 2013 and 2016. For instance, in March 2016, Infineon launched the world’s smallest plug-and-play NFC security module for smart wearables.
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
See Also: Wearable Technology Companies
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