info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Wearable Sensors Market Research Report Information By Type (Motion Sensors, Medical-Based Sensors, Image Sensors, Position Sensors, Pressure Sensors, Inertial Sensors, Other Sensors), By Application (Smart Wristwear, Smart Glasses, Smart Bodywear's, Smart Footwear, Other Wearable Devices) and By End User (Consumer Applications, Healthcare Applications, Enterprise and Industrial Applications) - Forecast till 2032


ID: MRFR/HCIT/0449-CR | 100 Pages | Author: Kinjoll Dey| July 2019

Global Wearable Sensors Market Overview


Wearable Sensors Market Size was valued at USD 1.40 Billion in 2023. The Global Wearable Sensors industry is projected to grow from USD 1.57 Billion in 2024 to USD 3.96 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.28% during the forecast period (2024 - 2032).The increase of in-home wearable sensors for babies and remote patient control are fast sensor technology developments that are the key drivers of market development. 


Wearable Sensors Market


March 2023: In the smartwatch & wearable computing industry, 221e SRL and STMicroelectronics have agreed on a deal to merge 221e’s sensing AI software with STMicroelectronics’ microcontrollers and intelligent sensors in order to improve AI solutions for wearable IoT devices and automotive sector based on sensing AI software from 221e and microcontrollers as well as intelligent sensors from STMicroelectronics.


December 2022: Analog Devices Inc. partnered with Oregon Health & Science University (OHSU) to develop a smartwatch that is capable of detecting some of the mental health indicators that are important in addressing the increasing mental health crisis among teenagers. OHSU will deploy ADI's state-of-the-art technology and products, such as its rising global mental health crisis dedicated infrastructure to save, uplift and enrich human life according to this first-ever unique project collaboration.


December 2022: A new Grid-Eye sensor has been launched by Panasonic Industries – which also happens to be a part of its widely known Grid-Eye sensor family – offering a wider field of view while requiring fewer numbers of sensors in order to cover particular area thereby enabling counting and tracking applications. Systems developed using Grid-Eye 90° will detect people’s movement as well as other uses. Designers looking for privacy are favorable towards the Grid-Eye family’s 64 pixels resolution.


September 2022: Analog Devices Inc. entered into an agreement with BraveHeartWireless Inc. to create an end-to-end remote patient monitoring system. As such, BraveHeart's Bravo1 remote patient monitoring (RPM) platform cleared through 510 (k) would be included by the two companies in Analog Devices' vital sign monitoring infrastructure. This guarantees healthcare providers unprecedented access to several healthcare sensing technologies anchored on a robust medical-grade RPM platform.


June 2022: Garmin Ltd unveiled Forerunner®955 Solar, which is characterized as the company’s first dedicated running smartwatch with solar charging. The Forerunner 955 Solar includes a Power Glass solar charging lens, giving athletes up to 20 days of battery life in smartwatch mode1 or up to 49 hours in GPS mode2. The smartwatch has an always-on, sunlight-readable full-color display. A responsive touchscreen, together with the traditional five-button layout, allows for quick access to basic health stats, easier control of maps etc.


COVID-19 Analysis


Driven by the rising influence of telemedicine, the recent COVID-19 pandemic has had an impact on the world market for wearable sensors. To obey social distancing, people are intended to avoid group meetings. This is why doctors take the route of telemedicine to treat patients from a distance without creating a scope for any spread of the virus. The development of artificial intelligence (AI) integration technologies and its infrastructure to support medical workers and the rise of telemedicine also stimulated the growth of the demand for wearable medical devices


A rising senior population in Western countries, together with the prevalence of lifestyle disorders including hypertension, cardiovascular disease, diabetes, and others, and rising treatment costs, stimulate the development of remote patient care systems.


Miniaturization of physiological sensors, progress toward advanced feature sensors in smart devices, larger battery sizes, and the growing need for continuous tracking in healthcare services are also important drivers of the profitable growth in the demand for wearable health sensors.


In the coming years, digital health programs will be able to better monitor, sense, and research remote treatment and home-based medical data assembly thanks to the widespread integration of medical sensors into consumer gadgets. The expansion of the AI ecosystem's capabilities, such as conversational computing, machine learning, mobile applications, and others, would have a profound impact on healthcare delivery. The widespread need for wearable sensors will be drastically altered by 5G and the expanding IoT market.


May 2023: Knitted wearable developed for continuous monitoring of the knee joint; combines data collecting with user comfort by a team of researchers from Singapore University of Technology and Design (SUTD) and SingHealth Polyclinics. The substrate's characteristics and the small variety of commercially available CF limit these sensors' sensitivity and working range. Another potential source of error in CF-based sensors is fabrication mistake. To address this, the team abandoned attempts to retrofit existing garments with conductive fabric and instead knitted the device from start as a single fabric, employing a computer numeric controlled (CNC) industrial knitting machine to adjust the device's geometric and material properties during production.


Wearable Sensors Market Trends


Drivers


Growing Acceptance Of Wearable Devices Drives Market Growth


The development of remote patient management systems is motivated by a growing geriatric population in western countries and the increasing prevalence of lifestyle diseases such as hypertension, cardiovascular diseases, diabetes, and others, along with increasing treatment costs. As the number of people suffering from chronic illnesses rises, overall expenditure on health services increases, thus raising the pressure for ongoing review of potential solutions to deliver quality health care at a reasonable rate. One of the major drivers of this market is the growing acceptance of various forms of wearable devices in healthcare and wellness. Additionally, over the projected timeframe, incentives such as constant surveillance, growing government funding, and increasing healthcare spending have fueled business growth. The other major factors that make the demand for wearable health sensors expand profitably are the miniaturisation of physiological sensors, growing development towards advanced feature sensors in smart devices, increase in battery sizes and increasing need for continuous tracking in healthcare services. 


Opportunities


Increasing Incorporation Of Medical Sensors Into Consumer Devices Fuels Market Growth


In the coming years, the increasing incorporation of medical sensors into consumer devices will support the monitoring, sensing, and study of remote treatment and home-based medical data assembly, including the creation of digital health programmes. The extension of the AI ecosystem capabilities would have a significant effect on the delivery of treatment, such as conversational computing, computer learning, mobile applications, and others. 5G and the burgeoning IoT industry will eventually have a profound impact on the entire demand for wearable sensors.


Restraints


High Cost of Wearable Devices to Impede the Market Growth


The race to find cost-effective alternatives has intensified the competition between suppliers and is their biggest obstacle. Strong wearable product costs and regulatory problems can delay market growth during the forecast period.


Wearable Sensors Market Segmental Insights


Global Wearable Sensors Market has been segmented into Application, Type, and End User.


Wearable Sensors Type Insights


The market has been segmented, by type, into motion sensors, medical sensors, image sensors, position sensors, pressure sensors, inertial sensors, and other sensors.


Wearable Sensors Application Insights


The market has been divided into smart wristwear, smart glasses, smart bodywear, smart sneakers, and other wearable gadgets based on application. In 2018, the smart wristwear segment accounted for USD 436.3 million in market revenue.


Wearable Sensors End-Use Insights


The industry has been divided by end-users into consumer applications, healthcare applications and business and manufacturing applications.


May 2023: Researchers from the Indian Institute of Technology in Gandhinagar (IIT-Gn) and the National Institute of Technology in Rourkela (NIT-R) used reduced graphene oxide (rGO) flakes and silicon sealant to create stretchable, inexpensive, and wearable sensors. When embedded in footwear, it utilizes the wearer's weight and motion to calculate their step count. Heart rate and blood pressure can be measured if attached to a chest belt. Both of these applications have passed our testing with flying colors. This has the potential to pave the way for a new category of flexible, surface-applicable sensors.


July 2023: A bubble-trapping zone in the microfluidic system of a wearable sensor created by scientists at Tokyo University of Science, Japan, allows for continuous monitoring of sweat lactate during exercise. The proposed system has the potential to improve athlete management and health tracking. Air bubbles in the sweat are a regular issue with such devices due to the microfluidic pathways they rely on. If the electrodes of the sensor are covered by bubbles, continuous monitoring of the target biomarker is disrupted. Researchers in Japan have developed a unique microfluidic sweat lactate sensor to measure this biomarker, and their findings suggest that wearable microfluidic sensors could be useful for tracking sweat levels during physical activity.


Wearable Sensors Regional Insights


Global Market's geographical overview has been conducted in four major regions, including the Asia Pacific, the Americas, Europe, and the middle east and africa.


North America to Dominate with Superior Medical Infrastructure

Due to the existence of a strong diabetic & obese population and the growing prevalence of cardiovascular disorders, the Americas retains a major market share in the world market. Compared to other countries, the demand for North American wearable sensors holds the largest share of global wearable sensors. This is due to the high rate of adoption of digital components in the consumer electronics, health, smart textiles and sports industries, which play a crucial role in the growth of the regional economy. Furthermore, some research grants are issued by governmental organisations. In this area, the sports and fitness industry has seen growth, and products such as Fitbit, Microsoft Band, Google Glass and E-wristwatch are commonly used.


Europe Market Drvien by Growing Government Funding


During the projected era, the European market for wearable sensors is predicted to be the second-largest. It is anticipated that technical advances leading to the launch of new drugs, high healthcare investment and strong government funding for research & development, rising incidences of chronic diseases, and a growing number of diabetes patients would fuel market growth in this region.


APAC to Witness emerging innovations in Healthcare


Driven by the rising healthcare industry coupled with customer understanding of technology and computers in day to day life, Asia-Pacific is expected to be the fastest-growing region. In addition, multi-national companies and regional players are introducing investments and emerging innovations in the demand for wearable sensors. In comparison, Australia accounted for a market share of 13.5 percent in 2018 in the Asia-Pacific region.


MEA Region to Witness Gradual Growth


Leading to the prevalence of weak economic conditions in Africa, the Middle East & Africa have the least market share. Gulf nations: Because of the well-developed healthcare system and the massive per capita income of the population, Saudi Arabia and the UAE push the Middle East & African economy. In addition, due to inadequate access to healthcare facilities and lack of understanding, the Middle East & Africa market is slated to experience steady expansion.


Competitive Landscape


Product Innovation to be the Major Strategy Adopted by Key Players


A variety of key players are interested in the development of wearable sensors. In order to conquer the market, the companies followed the organic approach of product launch and acquisition. Many businesses exist in the industry, but owing to well-developed brand identity, the large businesses dominated the major market share. In order to win market share, several big corporations are focused on producing innovative and specialised goods. Whereas, others have used the merger and partnership approach to capture the market. Few of the big players currently control the industry in terms of market share. It also has a lucrative growth rate for key players invested in R&D to improve their product portfolios by introducing new products and improving their current products technologically. 



  • InvenSense, Inc. (U.S.)

  • Panasonic Corporation (Japan)

  • Robert Bosch GmbH (Germany)

  • STMicroelectronics (Switzerland)

  • Texas Instruments Incorporated (U.S.)

  • KIONIX, INC. (ROHM Co., Ltd.) (U.S.)

  • Measurement Specialties, Inc. (U.S.)

  • Analog Devices, Inc. (U.S.)

  • ZOLL Medical Corporation (Asahi Kasei Corporation) (U.S.)

  • Freescale Semiconductor, Inc. (U.S.)

  • Infineon Technologies AG (Germany)


Recent Development


December 2020:A proof-of-concept for a wearable sensor recording healing in skin wounds was proposed by researchers from Skoltech and Texas University at Austin. The new research investigated using a 'smart bandage' to track those biomarkers during the healing process with electroanalytical techniques, and without the need for bandage removal.


November 2020:Shimmer Research, a company specializing in wearable devices in research applications, announced its Verisense inertial measurement unit (IMU) sensor was certified by the Conformitè Europëenne (CE) as a Class I medical device.


September 2020:AMS, a provider of high-performance sensor technologies, confirmed the introduction of the industry's thinnest dedicated blood oxygen saturation (SpO2) measurement sensor, allowing small consumer goods such as earbuds, smartwatches and wristbands, as well as medical equipment such as oximeters and patches, to remotely track this vital sign. 


Wearable Sensors Market Segmentation


The study aims to provide an overview of the global market for wearable sensors, with a thorough segmentation of the market by form of sensor, device, end-use and regions. During the forecast era, the global demand for wearable sensors is expected to see strong growth. The study provides key market position figures for the leading players in the market and provides key developments and opportunities in the wearable sensor sector.


A detailed analysis of the wearable sensor industry is given in the study, covering both qualitative and quantitative information.


Wearable Sensors Type Outlook



  • Motion Sensors

  • Medical-Based Sensors

  • Image Sensors

  • Position Sensors

  • Pressure Sensors

  • Inertial Sensors

  • Other Sensors


Wearable Sensors Application Outlook



  • Smart Wristwear

  • Smart Glasses

  • Smart Bodywears

  • Smart Footwear

  • Other Wearable Devices


Wearable Sensors End-User Outlook



  • Consumer Applications

  • Healthcare Applications

  • Enterprise and Industrial Applications

Report Attribute/Metric Details
Market Size   2032: USD 3.96 Billion
CAGR   12.28%
Base Year   2023
Forecast Period   2024-2032
Historical Data   2022
Forecast Units   Value (USD Billion)
Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered   By Type, By Application and By End User
Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors   InvenSense, Inc. (U.S.), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated (U.S.), KIONIX, INC. (ROHM Co., Ltd.) (U.S.), Measurement Specialties, Inc. (U.S.), Analog Devices, Inc. (U.S.), ZOLL Medical Corporation (Asahi Kasei Corporation) (U.S.), Freescale Semiconductor, Inc. (U.S.), Infineon Technologies AG (Germany)
Key Market Opportunities   Increasing Incorporation Of Medical Sensors Into Consumer Devices Fuels Market Growth
Key Market Drivers   Growing Acceptance Of Wearable Devices Drives Market Growth


Frequently Asked Questions (FAQ) :

The wearable sensors market is projected to grow at a 12.28% CAGR between 2024-2032.

InvenSense, Inc. (U.S.), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated (U.S.), KIONIX, INC.

The wearable sensors market is predicted to touch USD 3.96 Billion by 2032.

Increase in wearable sensors for infants and remote patient monitoring are boosting market growth.

Higher power consumption and security & privacy issues may limit market growth.

North America is expected to dominate the wearable sensors market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.