WEARABLE SENSOR MARKET TO REACH USD 30.05 BILLION BY 2027 | CAGR 50.4% – FORENCIS RESEARCH

Global Wearable Sensor Market: Key Highlights

• According to the new market research report “Wearable Sensor Market by Type (Gyroscope, Accelerometer, Magnetometer, Position Sensor, Pedometer, Humidity Sensor, Piezo Film Sensor, Force Sensor, Pressure Sensor, Temperature Sensor, Motion Sensor, mmWave Sensor, Inertial Sensors, Medical-Based Sensor, Others), by Application (Smartwatches, Smart Jewellery, Smart Glass, Fitness Trackers, Smart Clothing, Smart Footwear, Head-Mounted Display (HMD), Body Wear, Ankle Bands, Chest Clips, Others), by End Use Industry (Healthcare, Consumer, Industrial, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Wearable Sensor market is estimated to reach USD 30.05 Billion by 2027 at a CAGR of around 50.4% during the review period.
• Wearable sensors facilitate physiological and biological sensing for tracking the information related fitness and health.

Global Wearable Sensor Market: Key Market Dynamics

• Rising in home and remote patient monitoring, need for athlete performance monitoring, and increasing investment by major players in wearable technology market will drive the market during forecast period.
• Moreover, increasing Internet of Things (IoT) and smart mobile devices are expected to create an opportunity for wearable sensors market during projected years.
•  However, high cost of wearable products will restrain the market during growth period, moreover, technical difficulties and device protection will create some challenges during forecast period.

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Global Wearable Sensor Market: Regional Overview

• North America

The Wearable Sensor market in the North American region is projected to witness high demand due to the high production of wearable devices in the region. Growing trends in consumer electronics and healthcare market and integration of latest technologies will grow the wearable sensor market in North America region. Moreover, early adoption of technology infrastructure and presence of global players such as Texas Instruments Incorporated will be fueling the growth of the market in North America region.  

• Europe

Europe will have expected to grow at faster rate during projected years due to growing healthcare market.

Source: EU

Global Wearable Sensor Market: Key Players Overview

• Texas Instruments Incorporated:

The company engages in the provision of design, manufacture, test and sell analog and embedded semiconductors. The company provides these semiconductors to various applications in the market include automotive, personal electronics, communications equipment and enterprise systems. The company provides various wearable sensors such as temperature sensor, mmWave sensor, magnetic sensor, humidity sensor, and specialty sensors.   

• TE Connectivity:

The company provides various products and solutions in power electric vehicles, aircraft, digital factories, and smart homes. The company provide various wearable sensors such as pressure sensors, humidity sensors, position sensors, piezo-film sensor, force sensor, and temperature sensor for consumer electronics and healthcare among others. In March 2020, the company acquired First Sensor AG for expanding sensor business in industrial, medical, and transportation applications.

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