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Wearable Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Sensor Type, Application and Vertical

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    Report

  • 170 Pages
  • March 2022
  • Region: Global
  • The Insight Partners
  • ID: 5576289
UP TO OFF until Dec 31st 2024
According to the latest research report, titled 'Wearable Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis,' the market is expected to grow from US$ 1,906.74 million in 2021 to reach US$ 5,762.57 million by 2028. It is estimated to grow at a CAGR of 17.1% from 2021 to 2028.



Increasing Penetration of Smart Wearable Devices to Drive Market
Smart wearable devices, such as smartwatches, fitness trackers, VR headsets, smart wristbands, activity trackers, and sports watches, are integrated with advanced technologies such as artificial intelligence (AR) and IoT (IoT). Users can access their health-related information on their smartphones, tablets, or computers linked to these devices. With the growing consumer awareness, the adoption of smart wearable devices is on the rise in the healthcare sector. Fit bits, smartwatches, and pulse oximeters are among the wearable systems incorporated with optical sensors to provide real-time patient health tracking solutions.

Photoplethysmography (PPG) sensors that help monitor heart and respiration rates are high in demand. For instance, several smartwatches with inbuilt PPG sensors were launched in late 2021 by Moto G, Realme, and Apple. The Realme watches have wide-ranging health functions, comprising blood-oxygen-level and top-level PPG heart rate sensors. In October 2020, Mobvoi launched its new PPG sensor-enabled TicWatch Pro 3 smartwatch in India. According to the International Data Corporation (IDC) report for 2020, the global wearable device shipments surged by 28.4% in 2020 compared to the previous year. They further grew by 9.9% till the third quarter of 2021.

Surging cases of cardiovascular diseases (CVDs) worldwide are a key factor behind the uptake of wearable devices. According to the American Heart Association, ~17.0 million people die each year due to cardiac abnormalities, and the number is expected to rise to ~23 million by 2030. The PPG sensors typically measure oxygen saturation, blood pressure, and cardiac output through a series of waves and peak detection. Thus, the increasing sales of wearable devices are contributing substantially to the market growth.

Due to the COVID-19 outbreak, the wearable sensors market was negatively affected from the supply side in the Rest of the world. The disruption in supply lines of electronics and semiconductors in 2020 caused this hindrance. However, from the demand side, the wearable sensors market was unaffected. For instance, at the end of 2020, Samsung announced it witnessed a 218% increase in smartwatch sales in Q1 of 2020 compared to Q1 of 2019 and that it will be manufacturing smartwatches and fitness bands in Brazil. Also, several manufacturing facilities and government agencies showcased the use of advanced technology such as AR and VR. For instance, the UAE police started to use smart helmets to fight against the pandemic. The smart helmet used by police officials is powered by thermal scanning capabilities, which allows the officials to identify people with high temperatures in public places.

A rapid increase in the use of smartphones and connected devices and the growing need for low-power, smaller, lighter sensors with enhanced performance are the factors supporting the trend of miniaturization. Advancements in nanotechnology and micro-fabrication technologies have been driving the progress of the miniaturization process, thereby making smart sensors cost-effective and anchoring the emergence of smart fabrics. Further, in January 2022, Abbott Laboratories demonstrated the Libre 3 System, a glucose monitoring system that can be used for up to 14 days. Ava AG's wearable fertility tracker for women received the US Food and Drug Administration clearance in 2021. At the Consumer Electronics Show (CES) 2022, Reliefband Technologies LLC showcased the Reliefband Sport smartwatch that can prevent and treat nausea and vomiting due to anxiety, hangovers, motion sickness, physician-diagnosed migraines, chemotherapy, and pregnancy-related morning sickness. Thus, the increasing demand for wearables devices in healthcare applications drives the global wearable sensors market.

Key Findings of Study:


The global wearable sensor market is segmented into five major regions - North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW). The US, Canada, and Mexico are among the key countries in North America. APAC holds a significant share in the global wearable sensor market, owing to the higher awareness among the end users. End users in this region are aware of the importance of wearable sensors in consumer electronics, healthcare, and industrial applications.

China is considered the manufacturing hub of consumer electronics in the APAC region, including connected wearables and the largest share for wearables sensors. Being the largest market for consumer electronics, all the major connected wearables companies have a presence in the country and are actively introducing new products. For instance, in December 2021, Huawei announced the launch of smart glasses with ultra-thin large-amplitude stereo speakers on the temple for music streaming and hands-free calling with Harmony OS. In September 2021, Xiaomi Inc. announced the launch of smart glasses with live translation and navigation support. In May 2019, Xiaomi, in collaboration with Amazfit, announced the launch of smart shoes. Companies worldwide are focusing on expanding their business to China, which is among other factors that are likely to create opportunities for market players over the coming years.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global wearable sensor market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global wearable sensor market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Wearable Sensors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 ROW
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Wearable Sensors Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Reach of Smart Wearable Devices
5.1.2 Rising Trend of Miniaturization
5.2 Market Restraints
5.2.1 High Cost and Performance Issues of Wearable Devices
5.3 Market Opportunities
5.3.1 Burgeoning Popularity of Connected Devices
5.4 Future Trends
5.4.1 Increasing Penetration of IoT, AR, and M2M Platform
5.5 Impact Analysis of Drivers and Restraints
6. Wearable Sensors Market - Global Market Analysis
6.1 Wearable Sensors Market Overview
6.2 Wearable Sensors Market Forecast and Analysis
6.3 Market Positioning - Global Key Players
7. Wearable Sensors Market Analysis - By Sensor Type
7.1 Overview
7.2 Wearable Sensor Market, By Sensor Type (2020 and 2028)
7.3 Accelerometer
7.3.1 Overview
7.3.2 Accelerometer: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Gyroscopes
7.4.1 Overview
7.4.2 Gyroscopes: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Motion Sensor
7.5.1 Overview
7.5.2 Motion Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Image Sensor
7.6.1 Overview
7.6.2 Image Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Pressure and Force Sensor
7.7.1 Overview
7.7.2 Pressure and Force Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Touch Sensor
7.8.1 Overview
7.8.2 Touch Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
7.9 Position Sensor
7.9.1 Overview
7.9.2 Position Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
7.10 Others
7.10.1 Overview
7.10.2 Others: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
8. Wearable Sensors Market Analysis - By Application
8.1 Overview
8.2 Wearable Sensor Market, By Application (2020 and 2028)
8.3 Smart Wristwear
8.3.1 Overview
8.3.2 Smart Wristwear: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Smart Glasses
8.4.1 Overview
8.4.2 Smart Glasses: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Smart Bodywear
8.5.1 Overview
8.5.2 Smart Bodywear: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Smart Footwear
8.6.1 Overview
8.6.2 Smart Footwear: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others Application
8.7.1 Overview
8.7.2 Others Application: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
9. Wearable Sensors Market Analysis - By Vertical
9.1 Overview
9.2 Wearable Sensor Market, By Vertical (2020 and 2028)
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Industrial and Enterprise Application
9.5.1 Overview
9.5.2 Industrial and Enterprise Application: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10. Wearable Sensors Market - Geographic Analysis
10.1 Overview
10.2 North America: Wearable Sensors Market
10.2.1 North America: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Wearable Sensors Market, By Sensor Type
10.2.3 North America: Wearable Sensors Market, By Application
10.2.4 North America: Wearable Sensors Market, by Vertical
10.2.5 North America: Wearable Sensors Market, by Key Country
10.2.5.1 US: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Wearable Sensors Market, By Sensor Type
10.2.5.1.2 US: Wearable Sensors Market, By Application
10.2.5.1.3 US: Wearable Sensors Market, by Vertical
10.2.5.2 Canada: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Wearable Sensors Market, By Sensor Type
10.2.5.2.2 Canada: Wearable Sensors Market, By Application
10.2.5.2.3 Canada: Wearable Sensors Market, by Vertical
10.2.5.3 Mexico: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Wearable Sensors Market, By Sensor Type
10.2.5.3.2 Mexico: Wearable Sensors Market, By Application
10.2.5.3.3 Mexico: Wearable Sensors Market, by Vertical
10.3 Europe: Wearable Sensors Market
10.3.1 Europe: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Wearable Sensors Market, By Sensor Type
10.3.3 Europe: Wearable Sensors Market, By Application
10.3.4 Europe: Wearable Sensors Market, by Vertical
10.3.5 Europe: Wearable Sensors Market, by Key Country
10.3.5.1 France: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 France: Wearable Sensors Market, By Sensor Type
10.3.5.1.2 France: Wearable Sensors Market, By Application
10.3.5.1.3 France: Wearable Sensors Market, by Vertical
10.3.5.2 Germany: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 Germany: Wearable Sensors Market, By Sensor Type
10.3.5.2.2 Germany: Wearable Sensors Market, By Application
10.3.5.2.3 Germany: Wearable Sensors Market, by Vertical
10.3.5.3 Italy: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Wearable Sensors Market, By Sensor Type
10.3.5.3.2 Italy: Wearable Sensors Market, By Application
10.3.5.3.3 Italy: Wearable Sensors Market, by Vertical
10.3.5.4 UK: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Wearable Sensors Market, By Sensor Type
10.3.5.4.2 UK: Wearable Sensors Market, By Application
10.3.5.4.3 UK: Wearable Sensors Market, by Vertical
10.3.5.5 Russia: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Wearable Sensors Market, By Sensor Type
10.3.5.5.2 Russia: Wearable Sensors Market, By Application
10.3.5.5.3 Russia: Wearable Sensors Market, by Vertical
10.3.5.6 Rest of Europe: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Wearable Sensors Market, By Sensor Type
10.3.5.6.2 Rest of Europe: Wearable Sensors Market, By Application
10.3.5.6.3 Rest of Europe: Wearable Sensors Market, by Vertical
10.4 Asia Pacific: Wearable Sensors Market
10.4.1 Asia Pacific: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Wearable Sensors Market, By Sensor Type
10.4.3 Asia Pacific: Wearable Sensors Market, By Application
10.4.4 Asia Pacific: Wearable Sensors Market, by Vertical
10.4.5 Asia Pacific: Wearable Sensors Market, by Key Country
10.4.5.1 China: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Wearable Sensors Market, By Sensor Type
10.4.5.1.2 China: Wearable Sensors Market, By Application
10.4.5.1.3 China: Wearable Sensors Market, by Vertical
10.4.5.2 India: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 India: Wearable Sensors Market, By Sensor Type
10.4.5.2.2 India: Wearable Sensors Market, By Application
10.4.5.2.3 India: Wearable Sensors Market, by Vertical
10.4.5.3 Japan: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Wearable Sensors Market, By Sensor Type
10.4.5.3.2 Japan: Wearable Sensors Market, By Application
10.4.5.3.3 Japan: Wearable Sensors Market, by Vertical
10.4.5.4 South Korea: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 South Korea: Wearable Sensors Market, By Sensor Type
10.4.5.4.2 South Korea: Wearable Sensors Market, By Application
10.4.5.4.3 South Korea: Wearable Sensors Market, by Vertical
10.4.5.5 Rest of APAC: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 Rest of APAC: Wearable Sensors Market, By Sensor Type
10.4.5.5.2 Rest of APAC: Wearable Sensors Market, By Application
10.4.5.5.3 Rest of APAC: Wearable Sensors Market, by Vertical
10.5 Rest of World: Wearable Sensors Market
10.5.1 Rest of World: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.5.2 Rest of World: Wearable Sensors Market, By Sensor Type
10.5.3 Rest of World: Wearable Sensors Market, By Application
10.5.4 Rest of World: Wearable Sensors Market, by Vertical
10.5.5 Rest of World: Wearable Sensors Market, by Key Country
10.5.5.1 Brazil: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 Brazil: Wearable Sensors Market, By Sensor Type
10.5.5.1.2 Brazil: Wearable Sensors Market, By Application
10.5.5.1.3 Brazil: Wearable Sensors Market, by Vertical
10.5.5.2 UAE: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 UAE: Wearable Sensors Market, By Sensor Type
10.5.5.2.2 UAE: Wearable Sensors Market, By Application
10.5.5.2.3 UAE: Wearable Sensors Market, by Vertical
10.5.5.3 Argentina: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 Argentina: Wearable Sensors Market, By Sensor Type
10.5.5.3.2 Argentina: Wearable Sensors Market, By Application
10.5.5.3.3 Argentina: Wearable Sensors Market, by Vertical
10.5.5.4 Other Countries: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Other Countries: Wearable Sensors Market, By Sensor Type
10.5.5.4.2 Other Countries: Wearable Sensors Market, By Application
10.5.5.4.3 Other Countries: Wearable Sensor Market, by Vertical
11. Impact of COVID-19 Pandemic on Global Wearable Sensor Market
11.1 Overview
11.2 Impact of COVID-19 Pandemic on Global Wearable Sensors Market
11.2.1 North America: Impact Assessment of COVID-19 Pandemic
11.2.2 Europe: Impact Assessment of COVID-19 Pandemic
11.2.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.2.4 Rest of World: Impact Assessment of COVID-19 Pandemic
12. Wearable Sensor Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Product launch
13. Company Profiles
13.1 Texas Instruments Incorporated
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 NXP Semiconductors
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Analog Devices, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 STMicroelectronics
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 INFINEON TECHNOLOGIES AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sensirion AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Robert Bosch GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Panasonic Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TE Connectivity Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TDK Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Glossary of Terms
List of Tables
Table 1. Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Wearable Sensors Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Wearable Sensors Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 19. France: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. France: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. France: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific: Wearable Sensors Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 42. China: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 45. India: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 46. India: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of APAC: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of APAC: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of APAC: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of World: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of World: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of World: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 59. Rest of World: Wearable Sensors Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 60. Brazil: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 61. Brazil: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 62. Brazil: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 63. UAE: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 64. UAE: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 66. Argentina: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 67. Argentina: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 68. Argentina: Wearable Sensors Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 69. Other Countries: Wearable Sensors Market, By Sensor Type - Revenue and Forecast to 2028 (US$ Million)
Table 70. Other Countries: Wearable Sensors Market, By Application - Revenue and Forecast to 2028 (US$ Million)
Table 71. Other Countries: Wearable Sensor Market, by Vertical - Revenue and Forecast to 2028 (US$ Million)
Table 72. Glossary of Terms
List of Figures
Figure 1. Wearable Sensors Market Segmentation
Figure 2. Wearable Sensors Market Segmentation - By Geography
Figure 3. Global Wearable Sensors Market Overview
Figure 4. Accelerometer Segment held the Largest Share of Wearable Sensor Market
Figure 5. Smart Wristwear Segment held the Largest Share of Wearable Sensor Market
Figure 6. Consumer Electronics Segment held the Largest Share of Wearable Sensor Market
Figure 7. APAC to Show Great Traction During Forecast Period
Figure 8. North America - PEST Analysis
Figure 9. Europe - PEST Analysis
Figure 10. Asia-Pacific- PEST Analysis
Figure 11. Rest of the World- PEST Analysis
Figure 12. Wearable Sensor Market- Ecosystem Analysis
Figure 13. Wearable Sensor Market: Impact Analysis of Drivers and Restraints
Figure 14. Wearable Sensors Market - Geographic Analysis
Figure 15. Wearable Sensors Market Forecast and Analysis (US$ Million)
Figure 16. Wearable Sensors Market Revenue Share, by Sensor Type (2020 and 2028)
Figure 17. Accelerometer: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Gyroscopes: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Motion Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Image Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Pressure and Force Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Touch Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Position Sensor: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Wearable Sensors Market Revenue Share, by Application (2020 and 2028)
Figure 26. Smart Wristwear: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Smart Glasses: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Smart Bodywear: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Smart Footwear: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others Application: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Wearable Sensors Market Revenue Share, by Vertical (2020 and 2028)
Figure 32. Consumer Goods: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Healthcare: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Industrial and Enterprise Application: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Global Wearable Sensors Market Revenue Share, By Region (2020 & 2028)
Figure 36. North America: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. North America: Wearable Sensors Market Revenue Share, By Sensor Type (2020 & 2028)
Figure 38. North America: Wearable Sensors Market Revenue Share, By Application (2020 & 2028)
Figure 39. North America: Wearable Sensors Market Revenue Share, by Vertical (2020 & 2028)
Figure 40. North America: Wearable Sensors Market Revenue Share, by Key Country (2020 & 2028)
Figure 41. US: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. Canada: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. Mexico: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 45. Europe: Wearable Sensors Market Revenue Share, By Sensor Type (2020 & 2028)
Figure 46. Europe: Wearable Sensors Market Revenue Share, By Application (2020 & 2028)
Figure 47. Europe: Wearable Sensors Market Revenue Share, by Vertical (2020 & 2028)
Figure 48. Europe: Wearable Sensors Market Revenue Share, by Key Country (2020 & 2028)
Figure 49. France: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 50. Germany: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 51. Italy: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 53. Russia: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of Europe: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 55. Asia Pacific: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 56. Asia Pacific: Wearable Sensors Market Revenue Share, By Sensor Type (2020 & 2028)
Figure 57. Asia Pacific: Wearable Sensors Market Revenue Share, By Application (2020 & 2028)
Figure 58. Asia Pacific: Wearable Sensors Market Revenue Share, by Vertical (2020 & 2028)
Figure 59. Asia Pacific: Wearable Sensors Market Revenue Share, by Key Country (2020 & 2028)
Figure 60. China: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 61. India: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 62. Japan: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 63. South Korea: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 64. Rest of APAC: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of World: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of World: Wearable Sensors Market Revenue Share, By Sensor Type (2020 & 2028)
Figure 67. Rest of World: Wearable Sensors Market Revenue Share, By Application (2020 & 2028)
Figure 68. Rest of World: Wearable Sensors Market Revenue Share, by Vertical (2020 & 2028)
Figure 69. Rest of World: Wearable Sensors Market Revenue Share, by Key Country (2020 & 2028)
Figure 70. Brazil: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 71. UAE: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 72. Argentina: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 73. Other Countries: Wearable Sensors Market - Revenue and Forecast to 2028 (US$ Million)
Figure 74. Impact of COVID-19 Pandemic in North American Country Markets
Figure 75. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 76. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 77. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Executive Summary

The wearable sensor market was valued at US$ 1,906.74 million in 2021 to reach US$ 5,762.57 million by 2028. It is estimated to grow at a CAGR of 17.1% from 2021 to 2028.

A sharp rise in the use of smartphones and connected devices and the increasing need for smaller and lighter sensors with low-power requirements and enhanced performance are a few of the factors stimulating the trend of miniaturization. Advancements in nanotechnology and micro-fabrication technologies have been driving the progress of the miniaturization process, thereby making smart sensors cost-effective and anchoring the emergence of smart fabrics.

The elevating cases of cardiovascular diseases (CVDs) worldwide is one of the key factors contributing to the rise in the adoption of wearable devices. According to the American Heart Association, ~17.0 million people die each year due to cardiac abnormalities, and the number is expected to rise to ~23 million by 2030. The PPG sensors typically measure oxygen saturation, blood pressure, and cardiac output through a series of waves and peak detection. Thus, the increasing sales of wearable devices for healthcare application is contributing to the wearable devices market growth.

Further, increasing internet penetration has increased the number of Internet-enabled smart devices in developing countries. Smartphones are among the most used portable devices. In the wearable ecosystem, they are primarily used to gather and track health and fitness data for 0–9 and 60 and above age groups. According to Cisco, ~6.3 billion people and ~500 million devices were connected to the Internet in 2003 and with increasing customers focus on smart devices, the number reached ~6.58 billion devices by 2020. Such an increasing number of connected devices eventually increases the demand for wearable sensors.

Thus, the increasing sales of wearable devices are contributing to the wearable devices market growth.

The COVID-19 has marginally affected the operations of electronics and semiconductor manufacturers including wearable sensors market players as manufacturers continued their operations with partial workforces which impacted to the product deliveries in 2020. However, from Q1 of 2021, manufacturers increased their production to maximum capacity. For instance, in march 2020, Amphenol, a leading wearable sensor manufacturer announced its Thyez manufacturing facility in France is fully operations and was is able to meet its deliveries timelines. For instance, in the end of 2020, Samsung announced it witnessed 218% increase in smartwatch sales in Q1 of 2020 compared to Q1 of 2019 and further also announced to that it will be manufacturing smartwatches and fitness bands in Brazil. Also, several manufacturing facilities and government agencies showcased use of advanced technology such as AR and VR. For instance, UAE police started to use smart helmet to strengthen fight against coronavirus. The smart helmet used by police officials are powered by thermal scanning capabilities which allows the officials to identify person with high temperature in public places. Moreover, several market initiatives were witness in 2021 from end users which showcased positive growth trend. Thus, wearable sensors market was negatively affected in 2020 due to bottlenecks in supply chain, however robust demand from end users from 2021 positively influenced the growth of wearable sensors market.

The wearable sensor market is analyzed on the basis of sensor type, application, and vertical. Based on sensor type, the market is segmented into accelerometer, gyroscope, motion sensors, image sensors, position sensors, pressure & force sensors, touch sensors, and other sensors. In 2021, the accelerometer segment led the wearable sensor market and accounted for the largest market share.

Based on application, the market is segmented into smart wristwear, smart glasses, smart bodywear, smart footwear, and other applications. In 2021, the smart wristwear segment led the wearable sensor market and accounted for a larger market share. Based on vertical, the market is segmented into consumer electronics, healthcare, enterprise, and industrial. In 2021, the consumer electronics segment led the wearable sensor market and accounted for a larger market share. Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (ROW). In 2021, APAC accounted for a significant share in the global market.

The key players profiled in the study are NXP Semiconductors N.V.; Infineon Technologies AG; STMicroelectronics NV; InvenSense, Inc; Robert Bosch GmbH; TEXAS INSTRUMENTS; ANALOG DEVICES; Panasonic Corporation; Broadcom Limited; and Murata Manufacturing Company Ltd.

The overall global wearable sensor market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the wearable sensor market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the wearable sensor market.

Companies Mentioned

  • Nxp Semiconductors N.V.
  • Infineon Technologies AG
  • Stmicroelectronics N.V.
  • Invensense, Inc
  • Robert Bosch GmbH
  • Texas Instruments
  • Analog Devices
  • Panasonic Corporation
  • Broadcom Limited
  • Murata Manufacturing Company Ltd.

Table Information