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Published Date: 2015-03-05Number of Pages: 86

Wearable Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Wearable sensors are an important component of wearable technology that are embedded in smart wearable devices to monitor several parameters such as temperature, blood pressure, speed, and muscle activity. The wearable sensors ensure that the data is monitored and stored for our better understanding of physical health and fitness. Recently, these sensors became increasingly popular attributed to the growing demand for smart wearable technology based devices. They are used in various applications in areas such as fitness wearable, access control, and medical based wearable among others.

Presently, the simple wearable devices have transformed into more sophisticated and multifunctional devices. The usage of multiple wearable sensors embedded into a single wearable device has increased, on an average of one wearable sensor to four wearable sensors per device. Moreover, players such as Google, Microsoft, and Nike are entering the wearable device market with sophisticated wearable gadgets, which is further fueling the growth of the wearable sensors market. Moreover, demand for fitness and health monitoring wearable gadget are on the rise. These wearable fitness and health monitoring devices include various wearable sensors such as motion, pressure, and pulse sensors. These wearable devices are capable of monitoring heart rates, calculating burnt calories, and measuring blood pressure, among others. Moreover, increasing consumer’s concern related to their health, fitness, and wellness; is further driving the growth of the wearable fitness and healthcare devices, which in turn is leading to the growth of the wearable sensors market. In addition, decrease in price of raw materials used for manufacturing wearable sensors has led to decrease in cost of production of wearable sensors, further driving the market growth. In addition, advancements in manufacturing techniques have facilitated mass production of wearable sensors by economy of scale. As a result, the market for wearable sensors has been observing a significant growth.

The global wearable sensors market, by type, is categorized into medical based sensors, motion sensors, temperature sensors, pressure sensors, image sensors, position sensors, and others. In 2013, wearable motion sensors segment dominated the global wearable sensors market in terms of revenue. Moreover, wearable motion sensors segment is expected to continue its dominance throughout the forecast period. Increasing application of motion sensors in smart wearable devices such as shoes, fitness bands, and medical wearable devices for tracking physical activity and fitness is driving the growth of the segment. During the forecast period, wearable image sensors segment is expected to witness the highest growth. Wearable image sensors are used in several applications in multiple industries such as infotainment and defense. These wearable sensors are integrated in smart wearable devices which primarily includes smart watches, smart glass, and HMDs among others. The wearable image sensors market is expected to grow as a result of the increasing demand for intelligent smart devices.

The global wearable sensor market is categorized based on application into: eye wear, wrist wear, foot wear, body wear and others. In 2013, wrist wear application segment held the majority of the market share in terms of revenue and is expected to continue its dominance during the forecast period. Smart wearable wrist wear has already been in the market for sometime in the form of fitness bands and smart watches, and has become popular in some of the regions. Furthermore, integration of advanced technology and increase in functionalities, such as the ability to monitor temperature, blood pressure, and heart rate, are acting as the major drivers for the growth of the market.

Key players in the wearable sensors market include Analog Devices, Inc. (U.S.), Broadcom Corporation (U.S.), Freescale Semiconductor Inc. (U.S.), Infineon Technologies AG (Germany), InvenSense, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), and Panasonic Corporation (Japan) among others.

 

Chapter 1 Preface

1.1 Research description

1.2 Research scope

1.3 Research methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market overview

3.1 Introduction

3.2 Value chain analysis

3.3 Market drivers

      3.3.1 Increasing demand of advanced wearable devices

      3.3.2 Application of wearable sensors for fitness and health monitoring devices

      3.3.3 Decrease in price of raw materials for manufacturing wearable sensors

3.4 Market restraints

      3.4.1 Security and compliance issues

3.5 Market opportunities

      3.5.1 Increasing penetration of smart devices

      3.5.2 Integration of wearable sensors for health monitoring

      3.5.3 Wearable sensors as a new dimension to security

      3.5.4 Open Data Ecosystem through wearable devices

3.6 Porter’s five force analysis

      3.6.1 Bargaining power of suppliers – Low

      3.6.2 Bargaining power of buyers - Medium

      3.6.3 Degree of competition - High

      3.6.4 Threat from new entrants - Medium

      3.6.5 Threat from substitute products - Low

3.7 Market attractiveness by application, 2020

3.8 Market share by key players

 

Chapter 4 Global Wearable Sensors Market Analysis, by Type

4.1 Overview

4.2 Wearable motion sensors

      4.2.1 Wearable motion sensors market size and forecast, 2013 – 2020 (USD million)

4.3 Wearable pressure sensors

      4.3.1 Wearable pressure sensors market size and forecast, 2013 – 2020 (USD million)

4.4 Wearable temperature sensors

      4.4.1 Wearable temperature sensors market size and forecast, 2013 – 2020 (USD million)

4.5 Wearable image sensors

      4.5.1 Wearable image sensors market size and forecast, 2013 – 2020 (USD million)

4.6 Wearable position sensors

      4.6.1 Wearable position sensors market size and forecast, 2013 – 2020 (USD million).

4.7 Wearable medical based sensors

      4.7.1 Wearable medical based sensors market size and forecast, 2013 – 2020 (USD million)

4.8 Other wearable sensors

      4.8.1 Other wearable sensors market size and forecast, 2013 – 2020 (USD million)

 

Chapter 5 Wearable Sensors Market Analysis, by Application

5.1 Overview

5.2 Wrist wear

      5.2.1 Market size and forecast, 2013 – 2020 (USD million)

5.3 Eye wear

      5.3.1 Market size and forecast, 2013 – 2020 (USD million)

5.4 Foot wear

      5.4.1 Market size and forecast, 2013 – 2020 (USD million)

5.5 Body wear

      5.5.1 Market size and forecast, 2013 – 2020 (USD million)

5.6 Other wears

      5.6.1 Market size and forecast, 2013 – 2020 (USD million)

 

Chapter 6 Global Wearable Sensors Market Analysis and Forecast, by Geography

6.1 Overview

6.2 North America Wearable Sensors market

      6.2.1 North America Wearable Sensors market size and forecast, 2013 – 2020 (USD million)

6.3 Europe Wearable Sensors market

      6.3.1 Europe Wearable Sensors market size and forecast, 2013 – 2020 (USD million)

6.4 Asia Pacific Wearable Sensors market

      6.4.1 Asia Pacific Wearable Sensors market size and forecast, 2013 – 2020 (USD million)

6.5 RoW Wearable Sensors market

      6.5.1 RoW Wearable Sensors market size and forecast, 2013 – 2020 (USD million)

 

Chapter 7 Company Profiles

7.1 Analog Devices, Inc.

      7.1.1 Company overview

      7.1.2 Financial overview

      7.1.3 Business strategy

7.2 Broadcom Corporation

      7.2.1 Company overview

      7.2.2 Financial overview

      7.2.3 Business strategy

      7.2.4 Recent developments

7.3 Freescale Semiconductor Inc

      7.3.1 Company overview

      7.3.2 Financial overview

      7.3.3 Business strategy

      7.3.4 Recent developments

7.4 Infineon Technologies AG.

      7.4.1 Company overview

      7.4.2 Financial overview

      7.4.3 Business strategy

      7.4.4 Recent developments

7.5 InvenSense

      7.5.1 Company overview

      7.5.2 Financial overview

      7.5.3 Business strategy

      7.5.4 Recent developments

7.6 NXP Semiconductors

      7.6.1 Company overview

      7.6.2 Financial overview

      7.6.3 Business strategy

      7.6.4 Recent developments

7.7 Panasonic Corporation

      7.7.1 Company overview

      7.7.2 Financial overview

      7.7.3 Business strategy

      7.7.4 Recent developments

7.8 Robert Bosch Gmbh

      7.8.1 Company overview

      7.8.2 Financial overview

      7.8.3 Business strategy

      7.8.4 Recent developments

7.9 STMicroelectronics

      7.9.1 Company overview

      7.9.2 Financial overview

      7.9.3 Business strategy

      7.9.4 Recent developments

7.10 Texas Instruments Inc.

      7.10.1 Company overview

      7.10.2 Financial overview

      7.10.3 Business strategy

      7.10.4 Recent developments

List of Figures 

 

FIG. 1 Market segmentation: Global Wearable Sensors market

FIG. 2 Global Wearable Sensors market value chain analysis

FIG. 3 Porter’s five force analysis

FIG. 4 Global Wearable Sensors market attractiveness, by application

FIG. 5 Global Wearable Sensors market share and forecast, 2013 vs. 2020 (Value %)

FIG. 6 Wearable motion sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 7 Wearable pressure sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 8 Wearable temperature sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 9 Wearable image sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 10 Wearable position sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 11 Wearable medical based sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 12 Other wearable sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 13 Global Wearable Sensors market share and forecast, 2013 vs. 2020 (Value %)

FIG. 14 Wearable Sensors in wrist wear market size and forecast, 2013 – 2020 (USD million)

FIG. 15 Wearable Sensors in eye wear market size and forecast, 2013 – 2020 (USD million)

FIG. 16 Wearable Sensors in foot wear market size and forecast, 2013 – 2020 (USD million)

FIG. 17 Wearable Sensors in body wear market size and forecast, 2013 – 2020 (USD million)

FIG. 18 Global Wearable Sensors in other wear market size and forecast, 2013 – 2020 (USD million)

FIG. 19 Global Wearable Sensors market trend by geography, 2013 - 2020 (USD million)

FIG. 20 North America Wearable Sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 21 Europe smart/intelligent market size and forecast, 2013 – 2020 (USD million)

FIG. 22 Asia Pacific Wearable Sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 23 Rest of the world Wearable Sensors market size and forecast, 2013 – 2020 (USD million)

FIG. 24 Analog Devices, Inc., annual revenue 2011 – 2013, (USD Million)

FIG. 25 Broadcom Corporation, annual revenue 2011 – 2013, (USD Billion)

FIG. 26 Freescale semiconductor  Inc. annual revenue 2011 – 2013, (USD Million)

FIG. 27 Infineon Technologies annual revenue 2011 – 2013, (USD billion)

FIG. 28 InvenSense annual revenue 2011 – 2013, (USD million)

FIG. 29 NXP Semiconductors annual revenue 2011 – 2013, (USD billion)

FIG. 30 Panasonic annual revenue 2011 – 2013, (USD billion)

FIG. 31 Robert Bosch GmbH annual revenue 2011 – 2013, (USD billion)

FIG. 32 STMicroelectronics annual revenue 2011 – 2013, (USD billion)

FIG. 33 Texas Instruments annual revenue 2011 – 2013, (USD billion)

List of Tables

 

TABLE 1 Global Wearable Sensors market snapshot

TABLE 2 Wearable Sensors market size and forecast by application, 2013 – 2020 (USD million)

TABLE 3 Drivers of the global Wearable Sensors market: Impact analysis

TABLE 4 Restraints of the global smart / intelligent sensors market: Impact analysis

TABLE 5 Types of Wearable Sensors market size and forecast in North America, 2013 – 2020 (USD million)

TABLE 6 Application of Wearable Sensors market and forecast in North America, 2013 – 2020 (USD million)

TABLE 7 Types of Wearable Sensors market size and forecast in Europe, 2013 – 2020 (USD million)

TABLE 8 Application of Wearable Sensors market and forecast in Europe, 2013 – 2020 (USD million)

TABLE 9 Types of Wearable Sensors market size and forecast in Asia Pacific, 2013 – 2020 (USD million)

TABLE 10 Application of Wearable Sensors market and forecast in Asia - Pacific, 2013 – 2020 (USD million)

TABLE 11 Types of Wearable Sensors market size and forecast in RoW, 2013 – 2020 (USD million)

TABLE 12 Application of Wearable Sensors market and forecast in Row, 2013 – 2020 (USD million)

 

Wearable sensors are Micro-Electromechanical Systems (MEMs) based sensors which can sense and process the surrounding environment. Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate. The market is primarily driven due to the rising awareness of health and fitness, where wearable sensors play a major role. Moreover, the falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. In addition to this, the wearable sensors are also being used to monitor patients in the healthcare industry as it enables remote data access.

 

The global wearable sensors market is expected to witness a significant growth during the forecast period. This is due to its increasing demand across various application sectors such as wearable technology for fitness, healthcare and security. The increase in demand of wearable technology is also driving the wearable sensors market. In addition, the growing market of smartphones and tablets is also enabling the integration of wearable devices with the smartphones. Presently, wrist wear segment holds the majority of the market share and is expected to dominate the market during the forecast period. The introduction of smart watches from companies like Samsung, Sony and Nike among others has given a boost to this market. Furthermore, the foot wear application market is also expected to grow rapidly during the forecast period. 

 

Adoption of high end technologies such as smart wearables is also creating new opportunities for the wearable sensors manufacturers globally. However, the case of security concerns such as important data being shared is acting as a restraint. The rising awareness and concern over health and fitness is also helping the market to grow. With the introduction of fitness band that can be worn and connected with smart phones to display the data is also supporting the growth of the market. Geographically, North America has the highest penetration for wearable sensors as they are the early adapters of newer technology. However, the Asia Pacific region is expected to show the highest rate due to the presence of developing nations like India and China.

 

This market research study analyzes the bearing market on a global level and provides estimates in terms of revenue (USD million) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

 

The market is segmented on the basis of geography as North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) and these have been estimated in terms of revenue (USD million). In addition, the report segments the market based on the product type, which include motion sensors, pressure sensors, temperature sensor, image sensors, position sensors, medical based sensors and others.  Wearable motions sensors are most widely used in wearable technology. On the basis of application, the market is segmented by wrist wear, eye wear, foot wear, body wear and others. All these segments have also been estimated on the basis of geography in terms of revenue (USD million).

 

For better understanding of the wearable sensors market, we have given a detailed analysis of the supply chain. A detailed Porter’s five forces analysis has been given for a better understanding of the intensity of the competition present in the market. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.

 

The report provides company market share analysis of various industry participants. The key players have also been profiled on the basis of company overview, financial overview, business strategies and the recent developments in the field of wearable sensors. Major market participants profiled in this report include STMicroelectronics, Texas Instrument, Freescale Semiconductor Inc. and InvenSense, among others.

 

Wearable Sensors Market: By geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Wearable sensors Market: By product type

  • Motion sensors
  • Pressure sensors
  • Temperature sensors
  • Image sensors
  • Position sensors
  • Medical based sensors
  • Others 

Wearable sensors Market: By application

  • Wrist wear
  • Eye wear
  • Foot wear
  • Body wear
  • Others 

The report provides a cross-sectional analysis of all the above segments with respect to the following regions:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)


 
 
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