Global Wearable Sensors Market to reach USD 2.86 billion by 2025 | CAGR: 38.8%
Global Wearable Sensors Market is valued at USD 149.3 Million in 2016 is anticipated to grow USD 2.86 billion with the compounded annual growth of 38.8% over the forecast period 2017-2025.
New York 31 May 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Wearable Sensors industry is poised to raise USD 2.86 billion by 2025. Sensors are a vital aspect in wearable devices used by consumers owing to the increased focus on tracking real-time motion sensing activities. This is likely to propel industry growth over the forecast period.
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Global Wearable Sensors Market Size study, By Sensor Type (Optical, Force & Pressure, Temperature, Medical based sensors), By Device (Smart Watch, Fitness Band, Smart Glasses, Smart Fabric), By Vertical (Consumer, Defense, Healthcare, others) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include Asahi Kasei Microdevices Corporation, Analog devices Inc., Broadcom limited, and so on. Other market players discussed in the report include Freescale Semiconductor Inc., Infineon Technologies AG, InvenSense, Inc. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Technological development is expected to augment market growth.
- Increased spending on remote monitoring activities such as heart rate, blood oxygen level is another potential factor driving the market.
- Key players are heavily investing in product enhancements in order to attract new customers to the market.
Bizwit Research & Consulting LLP has considered following segments for the study:
By Sensors Type:
- Force & Pressure
- Medical Based Sensors
- Fitness band
- Smart glasses
- Smart fabric
- North America
- Asia Pacific
- Latin America
- Rest of the World