Global Wearable Sensors Market – Fast Growth Industry, Analysis and Forecast To 2024 | Analog Device

The global wearable sensors market is set to reach USD 4.0 billion by 2024, witnessing a CAGR of 32.4% during the forecast period. Increasing the advancement of wearable sensing, wireless communication techniques, high performing processing systems and low consumption of energy are the major factors that are bolstering the growth of the global wearable sensors market. Wearable sensors are helping the users in monitoring blood pressure, heartbreak, respiratory rate and fever along with falling, drowning and sleeping.

Moreover, increasing expenditure of consumer in observing activities such as heart rate, fall detection, blood oxygen level and calorie count is another factor that is driving the growth of global wearable sensors market.

High cost of wearable products along with stringent regulatory compliances are expected to hinder the growth of the wearable sensors market, globally. Furthermore, shortage of common standards and interoperability concerns is the major factor that is restraining the growth of global wearable sensors market.

Globally industry players of global wearable sensors market are leveraging market growth through new product development, mergers & acquisitions, partnerships, increased investments and technological upgradation that is bolstering the market demand for image sensors market across the globe.

Moreover, wearable sensors market in North America generate the largest revenue and is anticipated to witness significant growth during the forecast period. The largest revenue of this region is accredited towards extensive adoption of digital technique among business enterprises in North America. Additionally, thriving healthcare domain in this region is accentuating the acceptance of wearable sensors products that is further contributing towards the growth of wearable sensors market in the near future.

The market structure for global wearable sensors market is consolidated structure and the key players operating in the wearable sensors market include InvenSense, Inc., NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc., Analog Devices, Inc., ZOLL Medical Corporation (Asahi Kasei Corporation), Freescale Semiconductor, Inc. and Infineon Technologies AG.

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