Sensors that are integrated in accessories, wearables, cloths, etc. for biological and physiological sensing are called as wearable sensors.
Major factors driving growth of the global wearable sensors market is increasing adoption of smartphones and increasing adoption of wearable devices. In addition, increasing demand for smart devices and connected devices is another factor further driving growth of the global market. A major factor hampering growth of the global wearable sensors market is high cost of this sensors.
The global market is segmented on the basis of sensor type, application, industry vertical, and region. On the basis of sensor type, the global market is segmented into accelerometer, gyroscope, optical, force & pressure, temperature, medical based sensors, and others. The force and pressure segment is expected to account for highest revenue share by 2020.
On the basis of application, the global market is segmented into wrist wear, eyewear, footwear, neckwear, body wear, and others. The body wear segment is expected to witness highest growth in terms of revenue during the forecast period.
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On the basis of industry vertical, the global market is segmented into consumer goods, healthcare, industrial, and others. The consumer goods segment accounts for highest market share and is expected to witness fastest growth over the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for highest revenue share in the global market and is expected to account for highest revenue share by 2026. The market in Asia Pacific is expected to witness highest growth in terms of revenue during the next 10 years.
Key players in the global market are NXP Semiconductors N.V., Knowles Electronics, LLC., STMicroelectronics N.V., TE Connectivity Ltd., Broadcom Limited, Analog Devices, Inc., Texas Instruments Incorporated, Infineon Technologies AG, Asahi Kasei Corporation, Sensirion AG, InvenSense, Inc., and other prominent players.