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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Additionally, the rise in the number of obese and overweight across the globe is driving the market for wearable sensors in the field of health and fitness. Apart from this, Food and Drug Administration (FDA) is working closely with a few key players in the industry. Other factors that are contributing to the market growth include technological advancements in healthcare owing to the rapidly increasing demand for medicines coupled with the government’s emphasis and the geriatric population is in high demand of instantaneous soluble tablets. For instance, according to the United Nations, there were around 703 million persons aged 65 years or over across the globe in 2019 and the number of older persons is projected to double to 1.5 billion in 2050.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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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