The global wearable sensors market is anticipated to grow at a CAGR of 9.1% during the forecast period. Sensors are now used in industries such as automotive, healthcare (particularly in dental and orthopedic fields), and retail. The factor contributing to the growth of wearable sensors include their increasing use in the healthcare sector, increase awareness of fitness among consumers, increase use in the sports sector for athletes and increase the use of the wearable sensor in defense and security. The aforementioned factors are attributed to the growth of the market at a decent rate during the forecast period. However, the high costs of wearable sensor devices hinder the growth of the market.
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The global wearable sensors market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, France, Spain, Germany, and Rest of Europe), Asia-Pacific (India, Japan, China, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America holds a dominant position in the global wearable sensors market in 2020. The factor that is propelling the growth of the market in the region includes rising incidences of obesity and rising R&D development expenditure in sensor technology development. The presence of a well-established healthcare industry and expanded funding from government organizations in the region is also the driving factor of the market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Wearable Sensors Market Report Segment
By Type
- Accelerometers
- Magnetometers
- Gyroscopes
- Image sensors
- Inertial sensors
- Temperature & humidity sensors
- Pressure & force sensors
- Touch sensors and motion sensors
- Chemical and biochemical sensors
- Others
By Integrating System
- CMOS Wearable Sensors
- Application-Specific Integrated Circuit (ASIC)
- Microsystems Technology (MST)
- Optical Spectroscopy
By Technology
- Bluetooth, Zigbee
- Wi-Fi
- Radio-Frequency Identification (RFID)
- Near Field Communication (NFC)
- Z-Wave,
- (Advanced And Adaptive Network Technology) ANT
By Deployment Type
- Eyewear
- Clothes
- Wristwear
- Pendant-Type
- Bodywear
- Headwear
- Earwear
- Others.
By End-User
- Healthcare
- Industrial
- Defense
- Sports
- Automotive
- Aerospace
- Security And Surveillance
- Others
Global Wearable Sensors Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- South Korea
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global wearable sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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