Market Research Future published a Cooked research report on “Wearable Sensors
Market Research Report- Global Forecast To 2020”– Market Analysis, Scope, Trends
and Forecast to 2020
Global Wearable Sensors Devices Market – Overview
Wearable sensors can be used in different sports and occasion. Wearable devices are
gaining attention in research activities. Increasing adoption of different type of wearable
devices in healthcare and fitness is one of the major driver of this market. With the
miniaturization model and falling prices, more number of sensors are expected to be in use
in the forecast period. These sensors are used in many of the different devices like watch,
smart phones, VR headsets, jewelry and many more. The key factor for the growth of the
market is small size, easy of handling and low cost. Motion sensors are the widely used type
of wearable devices. A motion sensor is a device that can sense physical movement and
used in the fitness activity. The global wearable sensors devices market is majorly driven by
increasing prevalence of diseases like diabetes, obesity and other heart diseases. Increasing
geriatric population across the globe has led to increase the incidents of heart disease.
Additionally, advantages such as continuous monitoring, increasing government support,
and increasing healthcare expenditure have fuelled the growth of the market during the
forecast period. Race to find the cost-effective alternatives has increases the competition
between manufacturers and is the key challenge for them. High cost of wearable products
and regulatory issues may slow the growth of the market during the forecast period.
Competitive Analysis
A number of companies are involved in the manufacturing of the wearable sensors. The
companies have adopted the organic strategy of product launch and acquisition to gain the
market. Many companies are operating in the market, however, the major companies
dominated the major share in the market due to well-developed brand identity. Some major
companies are focusing on development of new and advanced products to gain the market
share. Whereas, some are has used the technique of acquisition and collaboration to gain
the market.
Key Players:
Some of the key players in wearable sensors devices market are: 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). and many more.
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