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<strong>Wearable</strong> <strong>Sensors</strong> <strong>Market</strong><br />
May 2017<br />
Report Id : REP-GB-3615<br />
Status : Ongoing<br />
Category : <strong>Electronics</strong>, Semiconductors, and ICT<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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Research Methodology (1/2)<br />
Systematic Research Approach<br />
<strong>Market</strong> profiling<br />
Formulating discussion guide<br />
Developing list of respondents<br />
Data collection<br />
Data validation<br />
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2<br />
In-depth secondary research is used to<br />
ascertain overall market size, top<br />
industry players, top products, industry<br />
associations, etc.<br />
PMR formulates a detailed discussion<br />
guide to conduct expert and industry<br />
interviews<br />
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(manufacturers), distributors, retailers<br />
and industry experts<br />
PMR conducts interviews with industry<br />
experts, industry players, distributors<br />
and retailers<br />
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Collection<br />
Data Filter<br />
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Identifying key opinion leaders<br />
Questionnaire design<br />
In-depth interviews<br />
Coverage across value chain<br />
<strong>Market</strong> participants<br />
Key strengths<br />
Product portfolio<br />
Mapping as per value chain<br />
Key focus segments<br />
A<br />
Primary<br />
Research<br />
C<br />
Company<br />
Analysis<br />
Research &<br />
Intelligence<br />
SOLUTION<br />
Actionable<br />
Insights<br />
B<br />
Desk<br />
Research<br />
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Business<br />
Solution<br />
Key industry experts<br />
Channel study<br />
Developments<br />
<strong>Market</strong> dynamics<br />
Products<br />
Conclusions<br />
Data analysis<br />
6<br />
Data is scrutinized using MS-Excel to<br />
obtain qualitative and quantitative<br />
insights about the industry<br />
Primary Research #<br />
Secondary Research #<br />
Paid Publications#<br />
Insights<br />
7<br />
PMR delivers industry insights and<br />
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(PDF)<br />
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Linkedin<br />
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Company websites<br />
Company annual<br />
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# includes sources of databases<br />
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<strong>Wearable</strong> <strong>Sensors</strong> <strong>Market</strong><br />
In the recent past, wearable technology has witnessed an overwhelming attention from various<br />
industries and researchers across the globe. From smart watches to headphones to eye-wear and fitness<br />
bands, trends of wearable technology is continually growing. These products today are expected to<br />
deliver valuable services providing individuals better lifestyle. <strong>Wearable</strong> sensors are small but crucial<br />
components of wearable technology which enable smart wearable devices to track and monitor several<br />
parameters such as movements, temperature, speed, muscle activity blood pressure, and others. Key<br />
sensors such as accelerometer, gyroscope, magnetometer, photoplethysmogram sensor, pressure<br />
sensors, and temperature sensor, among other are required for smart wearable devices. The wrist worn<br />
wearable for entertainment, wellness and fitness related applications, are key contributor to the rapidly<br />
growing market traction for these devices. Moreover, high demand and penetration of smart wearable<br />
devices have resulted in increasing demand for wearable sensors.<br />
<strong>Wearable</strong> <strong>Sensors</strong> <strong>Market</strong>: Drivers and Restraints<br />
Increasing adoption of wearable devices globally are thereby increasing the demand for wearable sensors<br />
alongside. In addition to this some of the prominent drivers for wearable sensor market are factors such<br />
as high demand for medical wearable devices, miniaturization of sensors and trends of internet of things,<br />
augmented reality and machine to machine connected platforms among others. On the other hand,<br />
factors such as high cost of wearable devices, and concerns regarding reliability and privacy issues may<br />
act as a major restraint for the wearable sensor market.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Wearable</strong> <strong>Sensors</strong> <strong>Market</strong><br />
<strong>Wearable</strong> sensor <strong>Market</strong>: Segmentation<br />
<strong>Wearable</strong> sensor market can be segmented on the basis of type, application, vertical and regions. On the<br />
basis of type the wearable sensor market can be segmented into accelerometers, magnetometers,<br />
pressure sensor, motion sensors, force sensors, temperature, humidity sensors, gyroscopes, biosensor,<br />
image sensors, touch sensor and others. On the basis of application, the wearable sensor market can be<br />
segmented as wrist wear, eyewear, body wear, footwear, and other. Whereas the vertical segment in the<br />
wearable sensor market may include consumer, healthcare, industrial and others. Regionally, wearable<br />
sensor market can be segmented into North America, Latin America, Eastern Europe, Western Europe,<br />
Asia Pacific excluding Japan, Japan, and Middle East and Africa.<br />
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<strong>Wearable</strong> sensor <strong>Market</strong>: Regional Outlook<br />
<strong>Wearable</strong> sensor market is dominated by the North America region. North America dominance is<br />
attributed to rising demand for smart watches and fitness bands as well as high investments in R&D<br />
activities pertaining to wearable technologies by key players based in the region. On the other hand, Asia<br />
Pacific Excl. Japan, and Japan is expected to grow at a significantly as compared to the other region in the<br />
wearable sensor market and will see a good growth rate in<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
<strong>Wearable</strong> <strong>Sensors</strong> <strong>Market</strong><br />
the future. Asia Pacific Excl. Japan is expected to great opportunities wearable sensor market due to the<br />
wide presence of key wearable sensor providers as well as high population rate in the region. Eastern<br />
Europe, Latin America and MEA is expected to see a moderate growth rate in the wearable sensor<br />
market.<br />
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<strong>Wearable</strong> sensor <strong>Market</strong>: Competition Landscape<br />
Among the prominent players involved in wearable sensor market, companies such as NXP<br />
Semiconductors N.V., STMicroelectronics N.V., TE Connectivity Ltd., Broadcom Ltd., among others are<br />
focusing on organic as well as inorganic strategies to strengthen their position in the wearable sensor<br />
market. For instance, in January 2017, STMicroelectronics N.V. launched three smart motion sensors for<br />
fitness wearables that are capable of record the progress data accurate and enable applications to run for<br />
longer periods of time, thereby enhancing the efficiency of the device.<br />
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