Global Wearable Sensors Market Overview
A wearable sensor is a technology gadget that people wear to track information about their health and fitness. These sensors are embedded in clothing or other fashion accessories and used to monitor and diagnose vital indicators such as heart rate, blood pressure, and other metabolic activities using wired or wireless devices. Physiological and biological monitoring are made easier by wearable sensors. The former aids in the diagnosis and follow-up of many neurological, cardiovascular, and pulmonary diseases, such as hypertension, asthma, and others. In rural locations where there are no remote monitoring systems, motion sensors are being used at medical facilities. The Global Wearable Sensors Market accounted for US$ 565.05 million in 2020 and is estimated to be US$ 5578.0 million by 2030 and is anticipated to register a CAGR of 26.0%.
Global Wearable Sensors Market Dynamics
Use of microelectronics to miniature sensors will drive the growth of the Market
In healthcare and consumer infotainment, wearable gadgets such as wristbands, bodywear, and eyewear are becoming more popular. Wearable product technology has continually improved over time, and devices are becoming smaller. According to the Irish Times (2015), the wearable ecosystem is gradually shifting from "wearables" to "hearables," with wearable gadgets becoming "disappearables" within the next decade. As a result, prominent participants in the wearable ecosystem, such as Fitbit, Apple, and Garmin, are always working to develop high-end wearable advancements (such as wearable devices with maximum functionalities and small size).
The use of microelectronics to miniaturize sensors has proven critical in the development of wearable devices. The size of the sensors is one of the most significant barriers to sensing technology adoption, particularly in wearable electronics. The hardware components collect physiological and mobility data that can be used for long-term monitoring. Major businesses like STMicroelectronics, NXP Semiconductors, and Broadcom are aggressively investing in R&D. Another important market driver is the growing usage of sensors based on MEMS, nanoelectromechanical systems (NEMS), and CMOS technologies.
Global Wearable Sensors Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The Global Wearable Sensors Market is segmented based on type, application, and region.
On the basis of Type, the Global Wearable Sensors Market is segmented into Accelerometers, Magnetometers, Gyroscopes, Image Sensors, Inertial Sensors, Temperature & Humidity Sensors, Pressure & Force Sensors, Touch Sensors and Motion Sensors. Based on Application, the target market is segmented into Wristwear, Eyewear, Bodywear.
Regional Insights:
Source: Prophecy Market Insights
On region the Global Wearable Sensors Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe dominates the market of wearable sensors during the forecast period. The considerable expansion of the European Wearable Health Sensors market is being fueled by lower sensor costs and increased Smartphone penetration. The industry is being propelled forward by rising consumer awareness of fitness and the widespread availability of applications that track and monitor fitness. The growth of wireless technology in Europe has greatly increased sensor communication possibilities. Sensor shrinking, combined with a reduction in power consumption, has permitted their aesthetic incorporation into a variety of gadgets, generating substantial buzz among younger users looking for a mix of technology and fashion. Because of the ageing population in Western Europe, the market is likely to increase rapidly. Wearable health sensors are in high demand due to the widespread use of wearables to monitor and track people's health.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type- Accelerometers, Magnetometers, Gyroscopes, Image Sensors, Inertial Sensors, Temperature & Humidity Sensors, Pressure & Force Sensors, Touch Sensors and Motion Sensors By Application– Wrist wear, Eyewear, Body wear |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Wearable Sensors Market report based on Type, Application, End-User and region.
Global Wearable Sensors Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Wearable Sensors Market Key Players
The key players operating in the wearable sensor market are STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), and InvenSense, Inc. (U.S.). Mergers and acquisitions, divestments, and new product developments and launches are the key strategies adopted by the established market players. A few emerging players are also involved in obtaining funding for their product developments and launches
Global Wearable Sensors Market Company Profile
- STMicroelectronics N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Infineon Technologies AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NXP Semiconductors N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- InvenSense, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Wearable Sensors Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Autonomous Car Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Wearable Sensors Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Accelerometers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Magnetometers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Gyroscopes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Image Sensors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Inertial Sensors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Temperature & Humidity Sensors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Pressure & Force Sensors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Touch Sensors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Motion Sensors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wearable Sensors Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Wrist Wear
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Eye Wear
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Body Wear
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wearable Sensors Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- STMicroelectronics N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Infineon Technologies AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NXP Semiconductors N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- InvenSense, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Global Wearable Sensors Market is segmented based on type, application, and region.
Use of microelectronics to miniature sensors is major factor driving the market.
During the forecast period, Europe is expected to dominate the market.
The key players operating in the wearable sensor market are STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), and InvenSense, Inc. (U.S.).