According to a new report, published by KBV research, The Global Wearable Sensors Market size is expected to reach $6.5 billion by 2030, rising at a market growth of 21.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 369.2 million Units, experiencing a growth of 16.4% (2019-2022).
The Healthcare segment is registering a CAGR of 22.5% during (2023 - 2030). This results from wearable technology's broad use of sensors to monitor various factors, including blood pressure, blood sugar levels, heart rate, breathing rate, and the quantity and quality of sleep. Additionally, rising R&D expenditures, expanding healthcare infrastructure, and the growing demand for wearable devices to continuously monitor patients' health are driving the growth of the wearable sensors market.
The Accelerometers segment is leading the Global Wearable Sensors Market by Type in 2022; thereby, achieving a market value of $1.2 billion by 2030. This is so that wearable technology can monitor a moving body's acceleration and track sleep patterns. Wearable technology uses sensors to do this. To monitor and evaluate medical assistants in clinical/laboratory conditions or free-living contexts, accelerometer sensors have become increasingly in demand. They are the most useful sensors for wearable technology.
The Bodywear segment would capture a CAGR of 22.7% during (2023 - 2030). Bodywear is a term used to describe textiles with sensors woven into them; this is a new trend in the clothing sector. Fibertronics, which underlies its operation, explains how electronics and computational capability are incorporated into textile materials. They have drawn the attention of the rapidly growing techno-fashion apparel trend, which integrates electronics and sensors closer to the skin to measure numerous fitness and health data. Bodywear primarily consists of outerwear, chest straps, smart socks, arm & leg coverings, and garments and innerwear.
The North America region dominated the Global Wearable Sensors Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.3 billion by 2030. The Europe region is poised to grow at a CAGR of 21.7% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 22.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/wearable-sensors-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Million Units, USD Million, 2019-2030)
Companies Profiled
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