Wearable Sensor Market by Type (Motion, Pressure, Temperature, Medical & Others), Industry Verticals (Consumer, Healthcare, Enterprise) and Geography - Global Forecast to 2020

 The term ‘Wearable Electronics’ refers to any electronic device or product which can be worn by a person, to integrate computing in his daily activity or work and use technology to avail advanced features and characteristics. In simple terms, wearable sensor is used to make routine things easier to perform, and also make life sophisticated by offering several computing features in various day-to-day applications, mainly due to integration of computing & communication devices. Today, several types of wearable sensor exist, with development of various types of technologies and advancements in wearable computing.

The global wearable sensor market revenue is expected to grow at a CAGR of 48.40%, and cross $654.16 Million by the end of 2020.

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Wearable Sensor emerges from the idea of providing a ubiquitous computing device that converges all computing needs in a single wearable gadget in the form of goggles, a wrist-watch, and the likes. This market has recently been commercialized and in the coming years this market will consolidate and attain economy of scale. The term “Wearable Electronics”encompasses of any electronic device or product that can be worn by a person to integrate computing in his daily activity or work and use technology to avail advanced features and characteristics.

The amount of focus and efforts all across the value chain of the ecosystem suggest that the players are going full throttle to cash in the big opportunities that the market is currently offering and is yet to offer in the coming years. The market already has several successful wearable sensor products, which include: Nike’s Fuel+ wrist-band, Jawbone UP and so on. The market is likely to witness loads of changes with much awaited products such as Google’s Smart glass, Sony’s wrist watch, and others slated to launch soon (the Apple Watch). It is most likely that the market would see some big mergers and acquisitions along with many new players and start-ups, making it big in the industry.

The overall wearable sensor market is increasing with a CAGR of 47.40% from 2014 to 2020 and cross $654.16 Million by the end of 2020. The major applications are wrist wear and body wear. Temperature sensor is the major shareholder in the entire market followed by motion sensors.

Additionally, the report also analyzes various markets across the value chain, including the wearable sensor market encompassing the market for all electrical and electronic components integrated into wearable sensor products.

Major players in the wearable sensor market include Invensense (U.S.), STMicroelectronics (Switzerland), Analog Devices, Inc. (U.S.), Bosch Sensortec (Germany), Freescale Semiconductor Inc. (U.S.), Infineon Technologies AG (Germany), Panasonic Corporation (Japan), and among others.