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The global wearable sensors market size was worth USD 2.65 billion in 2022 and is estimated to grow to USD 7.11 billion by 2030, with a CAGR of approximately 13.10 percent over the forecast years from 2023 to 2030.
A wearable sensor is a technology gadget that people wear to track their health and fitness data. These sensors are embedded into clothing or other fashion items using wired or wireless devices to monitor and diagnose vital indicators including heart rate, blood pressure, and other metabolic activities. Wearable sensors facilitate physiological and biological sensing. The former aids in the identification of numerous neurological, cardiovascular, and pulmonary diseases, including hypertension, asthma, and others, as well as monitors continuing treatment.
The wearable sensor industry is expanding steadily with the development of sensors, wireless communication, power supply, and other technologies. Additionally, the market for wearable sensors is being propelled by technological developments, a rise in the usage of wearable sensors for newborns, and increased home and remote patient monitoring. However, wearable sensors’ high cost, privacy issues, and data integrity restrain the market’s expansion.
Increased consumer awareness of fitness, increased use in the sports sector, healthcare use, and wearable sensors in defense and security are among the main influencing variables. At the same time, issues like the high cost of wearable sensor devices place restrictions on the market; the variables above collectively present potential for the growth of the wearable sensors market. Remote patient monitoring system sales are growing due to an aging population in Western nations, a rise in the prevalence of lifestyle-related illnesses like diabetes, hypertension, and cardiovascular disease, as well as rising treatment expenses. Additionally, the demand for alternative solutions to deliver better healthcare at reasonable prices is growing as the number of people with chronic conditions rises and healthcare spending as a whole rise.
Like many other emerging technologies integrated into a single system, wearable devices have hardware and software performance issues that may limit their general adoption. Since sweat and water from washing can damage wearable electronics, consumers frequently have problems with waterproofing. The gadgets’ diminutive size may result in their having small screens and displays as well as constrained power sources. The development of the market for wearable sensors is significantly hampered by the technological complexity of the hardware and software in wearable devices.
The global wearable sensors market is segregated based on type, technology, application, vertical, and region.
In 2022, North America dominated the market for wearable sensors. Due to its early adoption of digital technology, the United States has been able to represent a larger market share. Another factor that is anticipated to hasten the adoption of wearable sensor-enabled goods throughout the forecast period is the region’s expanding healthcare sector. Population expansion, major health issues among young people, aging, and expanding section of the U.S. population, and these factors together are driving demand for healthcare activity monitoring equipment. Wearable sensors are a crucial component of a wearable device that provides accurate and reliable information on user actions and behavior. By monitoring physiological, physical, and other signs, it can detect activities.
Some of the main competitors dominating the global wearable sensors market include:
COVID-19 Impact on Wearable Sensors Market: The recent COVID-19 epidemic has affected the global market for wearable sensors, driven by the growing influence of telemedicine. People should avoid attending group gatherings to comply with social distancing. For this reason, medical professionals use telemedicine to treat patients remotely without risking the virus’s transmission. The emergence of telemedicine and wearable sensor device demand growth and the development of artificial intelligence (AI) integration technologies and its infrastructure to support medical staff.
Wearable Sensors Market by Product Type Outlook (Revenue, USD Million, 2017 – 2030)
Wearable Sensors Market by Technology Outlook (Revenue, USD Million, 2017 – 2030)
Wearable Sensors Market by Application Outlook (Revenue, USD Million, 2017 – 2030)
Wearable Sensors Market by Region Outlook (Revenue, USD Million, 2017 – 2030)
Wearable Sensors Market Report Scope | |
Report Attribute | Details |
Market Size Value in 2022 | USD 2.65 billion |
Revenue Forecast in 2030 | USD 7.11 billion |
Growth Rate | CAGR of 13.1 % from 2023 to 2030 |
Base Year for Estimation | 2022 |
Historical Data | 2017 – 2022 |
Forecast Years | 2023 – 2030 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2030 |
Report Coverage | Revenue forecast, company ranking, Trends competitive landscape, and growth factors |
Segments Covered | Product Type, Technology, Application, and Region |
Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
Key Companies Profiled | Robert Bosch GmbH, Analog Devices INC, Infineon Technologies AG, Intel Corporation, InvenSense Inc, Knowles Electronics, Google, Panasonic Corporation, Sensirion AG, General Motors, Asahi Kasei Corporation, TE Company LTD, and others |
Table of Content
Wearable Sensors Market Size, Share, Growth, and Forecast Report
Chapter 1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Type
1.4.2. Technology
1.4.3. Application
Chapter 2. Wearable Sensors Market Overview
2.1. Introduction
2.2. Analysis by Type, 2017-2030 (US$ Billion)
2.3. Analysis by Technology, 2017-2030 (US$ Billion)
2.4. Analysis by Application, 2017-2030 (US$ Billion)
2.5. Market Analysis by Region, 2017-2030 (US$ Billion)
Chapter 3. Wearable Sensors Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Types
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Type
3.6.2. Technology
3.6.3. Application
3.6.4. Region
3.7. Value Chain Analysis
Chapter 4. Wearable Sensors Market Competition Analysis
4.1. Wearable Sensors Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
Chapter 5. Global Wearable Sensors Market Analysis by Type, Technology, and Application, 2017-2030 (US$ Billion)
5.1. Type
5.1.1. Global Wearable Sensors Market Share, by Type, 2021 and 2030
5.1.2. Global Wearable Sensors Market Revenue, by Type, 2017-2030 (US$ Billion)
5.1.3. By Accelerometers Market Analysis 2017-2030 (US$ Billion)
5.1.4. By Magnetometers Market Analysis 2017-2030 (US$ Billion)
5.1.5. By Gyroscopes Market Analysis 2017-2030 (US$ Billion)
5.1.6. By Motion Sensors Market Analysis 2017-2030 (US$ Billion)
5.1.7. By Other Product Type Market Analysis 2017-2030 (US$ Billion)
5.2. Technology
5.2.1. Global Wearable Sensors Market Share, by Technology, 2021 and 2030
5.2.2. Global Wearable Sensors Market Revenue, by Technology, 2017-2030 (US$ Billion)
5.2.3. By MEMS Market Analysis 2017-2030 (US$ Billion)
5.2.4. By CMOS Market Analysis 2017-2030 (US$ Billion)
5.2.5. By Other Technologies Market Analysis 2017-2030 (US$ Billion)
5.3. Application
5.3.1. Market Share, by Application, 2021 and 2030
5.3.2. Market Revenue, by Application, 2017-2030 (US$ Billion)
5.3.3. By Wristwear Market Analysis 2017-2030 (US$ Billion)
5.3.4. By Eyewear Market Analysis 2017-2030 (US$ Billion)
5.3.5. By Footwear Market Analysis 2017-2030 (US$ Billion)
5.3.6. By Neckwear Market Analysis 2017-2030 (US$ Billion)
5.3.7. By Other Application Market Analysis 2017-2030 (US$ Billion)
Chapter 6. Global Wearable Sensors Market Type Analysis by Region, 2017-2030 (US$ Billion)
6.1. Accelerometers Market Analysis 2017-2030 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Magnetometers Market Analysis 2017-2030 (US$ Billion)
6.3. Gyroscopes Market Analysis 2017-2030 (US$ Billion)
6.4. Motion Sensors Market Analysis 2017-2030 (US$ Billion)
6.5. Other Types Market Analysis 2017-2030 (US$ Billion)
Chapter 7. Global Wearable Sensors Market Technology Analysis by Region, 2017-2030 (US$ Billion)
7.1. MEMS Market Analysis 2017-2030 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. CMOS Market Analysis 2017-2030 (US$ Billion)
7.3. Other Technologies Market Analysis 2017-2030 (US$ Billion)
Chapter 8. Global Wearable Sensors Market Application Analysis by Region, 2017-2030 (US$ Billion)
8.1. Wristwear Market Analysis 2017-2030 (US$ Billion)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Eyewear Market Analysis 2017-2030 (US$ Billion)
8.3. Footwear Market Analysis 2017-2030 (US$ Billion)
8.4. Neckwear Market Analysis 2017-2030 (US$ Billion)
8.5. Other Application Market Analysis 2017-2030 (US$ Billion)
Chapter 9. Wearable Sensors Market Analysis by Geography, 2017-2030 (US$ Billion)
9.1. North America Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.1.1. U.S. Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.1.1.1. Type
9.1.1.2. Technology
9.1.1.3. Application
9.1.2. Canada Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.1.3. Mexico Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2. Europe Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2.1. UK Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2.1.1. Type
9.2.1.2. Technology
9.2.1.3. Application
9.2.2. France Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2.3. Germany Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2.4. Spain Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2.5. Russia Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2.6. Italy Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.2.7. Rest of Europe Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3. Asia Pacific Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.1. China Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.1.1. Type
9.3.1.2. Technology
9.3.1.3. Application
9.3.2. Japan Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.3. South Korea Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.4. India Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.5. Australia Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.6. Southeast Asia Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.7. Taiwan Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.3.8. Rest of Asia Pacific Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.4. Latin America Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.4.1. Brazil Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.4.1.1. Type
9.4.1.2. Technology
9.4.1.3. Application
9.4.2. Argentina Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.4.3. Rest of Latin America Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.5. Middle East Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.5.1. Israel Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.5.1.1. Type
9.5.1.2. Technology
9.5.1.3. Application
9.5.2. Turkey Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.5.3. Saudi Arabia Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.5.4. UAE Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.5.5. Rest of Middle East Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.6. Africa Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.6.1. Egypt Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.6.1.1. Type
9.6.1.2. Technology
9.6.1.3. Application
9.6.2. South Africa Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
9.6.3. Rest of Africa Wearable Sensors Market Analysis 2017-2030 (US$ Billion)
Chapter 10. Company Profiles
10.1. Robert Bosch GmbH
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Analog Devices INC
10.3. Infineon Technologies AG
10.4. Intel Corporation
10.5. InvenSense Inc
10.6. Knowles Electronics
10.7. Google
10.8. Panasonic Corporation
10.9. Sensirion AG
10.10. General Motors
10.11. Asahi Kasei Corporation
10.12. TE Company LTD.
Chapter 11. COVID-19 Impact Analysis
11.1. Global Wearable Sensors Market, 2020 – 2030, Pre-V/S Post COVID 19
11.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Wearable Sensors Market Size In 2022, By Scenario
11.3. Impact on Supply Chain and Production in Wearable Sensors Market
11.4. Impact on Import and Export
Chapter 12. Import-Export Analysis
12.1. North America Wearable Sensors Import-Export, 2017 – 2021
12.2. Europe Wearable Sensors Import-Export, 2017 – 2021
12.3. Asia Pacific Wearable Sensors Import-Export, 2017 – 2021
12.4. Latin America Wearable Sensors Import-Export, 2017 – 2021
12.5. Middle East America Wearable Sensors Import-Export, 2017 – 2021
12.6. Africa Wearable Sensors Import-Export, 2017 – 2021
Chapter 13. Wearable Sensors Marketing Channel Analysis
13.1. Marketing Channel
13.1.1. Direct Marketing
13.1.2. Indirect Marketing
13.1.3. Development Trend
13.2. Market Positioning
Chapter 14. Wearable Sensors Manufacturing Cost Analysis
14.1. Key Raw Materials
14.2. Key Raw Material Suppliers
14.3. Market Concentration Rate
14.4. Manufacturing Cost Structure
14.5. Process Analysis
Chapter 15. Conclusion
Wearable Sensors Market by Product Type Outlook (Revenue, USD Million, 2017 – 2030)
Wearable Sensors Market by Technology Outlook (Revenue, USD Million, 2017 – 2030)
Wearable Sensors Market by Application Outlook (Revenue, USD Million, 2017 – 2030)
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