DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5vjpr3/global_wearable) has announced the addition of the "Global Wearable Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate, which is driving the healthcare industry as it enables remote data access. The Global wearable sensors market is expected to increase to $299.46 million by 2018 at a CAGR of 45.08% over the period 2014-2020. The market is driven due to the rising awareness of health and fitness, where wearable sensors play a vital role. The falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. Increasing demand across various application sectors such as wearable technology for fitness, healthcare and security is driving the wearable sensors market to grow lucratively.
The rising market of smartphones and tablets is enabling the integration of wearable devices with the smartphones. Wrist wear segment holds the majority of the market share and is anticipated 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.
Motion sensor held the second highest market size accounting to $15.68 million in 2014 and is expected to remain the second highest market during the forecast period. Demand for motion sensor is attributed to their wide range of applications in smart watches, biometric wearable, smart glass, fitness band, and consumer durables.
Key Topics Covered
- Key Findings
- Market Overview & Dynamics
- Porter's Five Forces Analysis
- Market Segmentation
- Market Segmentation, By Region
- Company Profiles
- Investment Analysis
- Future of Wearable Sensors Market
- Analog Devices
- Freescale Semiconductor
- General Dynamics
- Infineon Technologies
For more information visit http://www.researchandmarkets.com/research/5vjpr3/global_wearable