PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1465581
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1465581
Wearable Sensor Market - By Type, By Application, By Vertical & Forecast, 2024 - 2032
Global Wearable Sensor Market size will grow at a 20% CAGR from 2024 to 2032, fueled by the rising adoption of smartwatches and fitness trackers alongside wearable medical devices. These devices offer continuous monitoring of health metrics like heart rate, sleep patterns, and activity levels. Additionally, advancements in the Internet of Things (IoT) enable seamless data transfer between wearable sensors and smartphones or tablets, enhancing connectivity and data analysis. As consumers increasingly seek personalized health insights and convenient monitoring solutions, the demand for wearable sensors will increase.
For instance, in December 2023, Neuranics plans to introduce a wearable heart monitor using magnetic sensor technology. The Glasgow, Scotland-based company designed a development kit for monitoring heart magnetic activity, allowing 24/7 recording and wireless transfer of data to smartphones or tablets via Bluetooth.
The wearable sensor industry is classified based on type, application, vertical, and region.
The image/optical sensor segment will observe a noteworthy upsurge by 2032. This dominance stems from the use of these sensors in applications such as augmented reality (AR), virtual reality (VR), and gesture recognition. Image sensors enable AR/VR headsets to track movement and create immersive experiences. Optical sensors monitor heart rate and blood oxygen levels in fitness trackers. With the rising demand for AR/VR technologies and health monitoring devices, the image/optical sensor segment will drive significant market growth.
The wearable sensor market share from the bodywear segment will expand notably through 2032 due to the widespread use of bodywear sensors in applications such as fitness tracking, health monitoring, and sports performance analysis. These sensors, integrated into clothing or accessories, provide real-time data on vital signs and physical activity. With the increasing focus on health and fitness, the bodywear segment will drive significant growth in the market, offering personalized and convenient solutions for users.
North America wearable sensor industry will record a remarkable CAGR by 2032, attributed to the region's advanced healthcare infrastructure, high adoption of wearable technologies, and presence of key market players. The increasing prevalence of chronic diseases and the emphasis on health monitoring are driving the demand for wearable sensors in the region. With ongoing technological advancements and a strong focus on innovation, North America will emerge as a primary contributor to the wearable sensor market's growth and development.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Growing integration with smartphones and IoT devices
- 3.8.1.2 Increasing share of elderly population
- 3.8.1.3 Rising prevalence of chronic diseases
- 3.8.1.4 Increased health & fitness awareness
- 3.8.1.5 Positive outlook toward remote patient monitoring
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Privacy and data security concerns
- 3.8.2.2 High cost and affordability issues
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2018-2032 (USD Million and Units)
- 5.1 Key trends
- 5.2 Accelerometer
- 5.3 Gyroscope
- 5.4 Magnetometer
- 5.5 Image/optical sensor
- 5.6 Temperature & humidity sensor
- 5.7 Pressure sensor
- 5.8 Proximity sensor
- 5.9 Others
Chapter 6 Market Estimates & Forecast, By Application, 2018-2032 (USD Million and Units)
- 6.1 Key trends
- 6.2 Eyewear
- 6.3 Wristwear
- 6.4 Bodywear
- 6.5 Footwear
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Vertical, 2018-2032 (USD Million and Units)
- 7.1 Key trends
- 7.2 Consumer
- 7.3 Healthcare
- 7.4 Industrial
- 7.5 Others
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 (USD Million and Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 AMS OSRAM AG
- 9.2 Analog Devices Inc.,
- 9.3 Asahi Kasei Corporation
- 9.4 Bosch Sensortec GmbH (Robert Bosch GmbH)
- 9.5 Broadcom Inc.
- 9.6 Infineon Technologies AG
- 9.7 InvenSense Inc. (TDK Corporation)
- 9.8 Knowles Electronics, LLC.
- 9.9 NXP Semiconductors NV
- 9.10 Panasonic Corporation
- 9.11 Sensirion AG
- 9.12 STMicroelectronics N.V.
- 9.13 TE Connectivity Ltd
- 9.14 Texas Instruments Incorporated
