The Europe Wearable Sensors Market would witness market growth of 21.7% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 77.3 million Units, showcasing a growth of 16.3% (2019-2022).
A wearable sensor, a technological device, allows people to monitor their fitness and health data. These sensors, which are frequently built into clothing or other fashionable objects like watches, are used to monitor and diagnose metabolic processes as well as vital signs such as heart rate, blood oxygen saturation and blood pressure.
Because of increasing consumer electronics spending, urbanization, improved lifestyles of the growing population, and greater health & safety consciousness among consumers, wearable technology is growing. Additional factors influencing the growth of wearable technology, such as ear wears, Fitbit, and watches, include the ergonomics and affordability made possible by improvements in miniaturized electronics, the increasing number of smartphones and other connected devices, and the increasing need for low-power, smaller, lighter sensors with enhanced performance. In healthcare and consumer information infotainment, eyeglasses, bodywear, and wristwear are increasingly used. Devices used in wearable products are getting smaller as technology advances.
Healthcare companies in Europe now have more prospects due to the development of implantable and wearable technologies for drug delivery. New opportunities to enhance user satisfaction and compliance have been made possible by injectable drug delivery technology. The British government views the digitization of healthcare as being essential to addressing the social and economic issues that the National Health Service is now dealing with. Therefore, the market would expand over the projection period due to increased wearable device demand and the healthcare sector’s willingness to adopt new technologies.
The Germany market dominated the Europe Wearable Sensors Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $439.8 million by 2030. The UK market is exhibiting a CAGR of 20.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 22.6% during (2023 - 2030).
Based on Vertical, the market is segmented into Consumer, Healthcare, Industrial, and Others. Based on Type, the market is segmented into Accelerometers, Magnetometers, Gyroscopes, Pressure & Force Sensors, Inertial Sensors, Temperature & Humidity Sensors, Motion Sensors, Image Sensors & Touch Sensors, Microphones & Micro Speakers, and Medical- Based Sensors & Others. Based on Application, the market is segmented into Wrist Wear, Footwear, Bodywear, Eyewear, and Neckwear & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Wearable Sensors Market is Projected to reach USD 6.5 Billion by 2030, at a CAGR of 21.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include STMicroelectronics N.V., NXP Semiconductors N.V., Texas Instruments, Inc., TE Connectivity Ltd., Analog Devices, Inc., Broadcom, Inc., Asahi Kasei Corporation, Infineon Technologies AG, Panasonic Holdings Corporation, Knowles Electronics, LLC (Dover Corporation).
By Vertical (Volume, Million Units, USD Million, 2019-2030)
By Type (Volume, Million Units, USD Million, 2019-2030)
By Application (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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