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At 30+% CAGR, Wearable Sensors Market Potentially Worth $1,654 Million by 2022 Dominated by North America

The wearable sensors market is forecast to reach $1,654.0 million by 2022 from $189.4 million in 2015 at a CAGR of 30.14% during (2016-2022) driven by increasing advancement toward smaller, smarter & cheaper sensors, miniaturization trend in sensors and m

PUNE, India, Jan. 12, 2017 /PRNewswire-iReach/ -- The wearable sensors market in North America expected to grow at the highest rate during the forecast period. North America is expected to be the fastest-growing market. The North American market is segmented into the U.S., Canada, and Mexico. North America is a major market for various sectors such as consumer electronics, automobiles, and healthcare. This region has become a global focal point for large investments and business expansion opportunities. Moreover, consumer electronics is among the major industries contributing toward the growth of the North American region.Complete report on "Wearable Sensors Market" spread across 209 pages, profiling 16 companies and supported with 74 tables and 82 figures is now available at http://www.rnrmarketresearch.com/wearable-sensor-market-by-type-motion-pressure-temperature-medical-others-application-wristwear-eyewear-footwear-bodywear-industry-verticals-consumer-healthcare-enterprise-and-geogra-market-report.html .

The wristwear application expected to hold the largest size of the wearable sensors market during the forecast period. Some of the major devices that are considered under the wristwear application are wristwear bands and bracelets. For wristwear application, healthcare vertical is one of the major sectors because of applications such as fitness monitoring and GPS tracking among others. In the consumer goods vertical, smartphones and tablets are among the major devices that support the smooth functioning of wristwear devices for navigation and position detection applications. Moreover, wristwear devices are widely used by sports, healthcare, and fitness enthusiasts. Thus, the market for wristwear is expected to witness growth between 2016 and 2022.

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles which discuss the basic views on the competitive landscape, emerging and high-growth segments of the wearable sensors market, high-growth regions, and market dynamics such as drivers, restraints, challenges, and opportunities.

The accelerometers expected to hold a major share of the wearable sensors market during the forecast period. Accelerometers are among the major sensors used in the wearable sensors market. Some of the prominent applications of wearable technology for this sensor are in wearable devices such as wristwear, bodywear, and eyewear. The demand for wristwear in sectors such as medical, healthcare, and consumer electronics is more compared with other end-user industries.

This research study is obliging for following audience:

  1. Electronic design automation (EDA) and design tool vendors
  2. Players involved in machine to machine (M2M) and Internet of Things (IoT) platform
  3. Consumer wearable manufacturers
  4. Healthcare-related product manufacturers
  5. Textile, cloth, and yarn manufacturers and suppliers
  6. Luxury clothing and accessory manufacturers
  7. Consumer electronics manufacturers
  8. Integrated device manufacturers (IDMs)
  9. Sensor, actuator, and transducer players
  10. Wearable electronics intellectual property players
  11. Wearable electronics technology platform developers
  12. Original equipment manufacturers (OEMs) (wireless equipment manufacturers or electronic product manufacturers)
  13. Research organizations 

The key market players profiled in the report are NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), TE Connectivity Ltd. (U.S.), Broadcom Limited (U.S.), Knowles Electronics, LLC. (U.S.), Analog Devices, Inc. (U.S.), Infineon Technologies AG (Germany), Asahi Kasei Corporation (Japan), Sensirion AG (Switzerland), InvenSense, Inc. (U.S.), Robert Bosch GmbH (Germany), Texas Instruments Incorporated (U.S.), Panasonic Corporation (Japan), mCube, Inc. (U.S.), ams AG (Austria) and ARM Holdings Plc. (U.K). Make an Inquiry on "Wearable Sensors Market by Type (Accelerometers, Magnetometers, Gyroscopes, Image Sensors, Inertial Sensors, Temperature & Humidity Sensors, Pressure & Force Sensors, Touch Sensors and Motion Sensors), Application (Wristwear, Eyewear, Bodywear), Vertical, and Geography - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=231855 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (45%), Tier 2 (31%) and Tier 3 (24%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (34%), Directors Level (26%) and others (40%) from various key organizations operating in the Wearable Sensors Market. The primary interviews were conducted worldwide covering regions such as North America (41%), Europe (31%), APAC (18%) and RoW (10%).

Research Coverage: In terms of market by type, sensors such as magnetometers, accelerometers, gyroscopes, inertial sensors, motion sensors, pressure and force sensors, temperature and humidity sensors, microphones and micro speakers, medical-based sensors, image sensors, touch sensors, and others are covered. In terms of market by application, wristwear, eyewear, footwear, neckwear, bodywear, and others are covered. In terms of market by vertical, consumer goods, healthcare, industrial, and others are covered. The geographic analysis is done with regard to four major regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) (South America and Middle East and Africa).

On a related note, another research titled Electronic Sensors Market For Consumer Industry Global Forecast to 2022 says, the electronic sensors market for the consumer industry was valued at USD 11.94 billion in 2015 and is expected to reach USD 26.76 billion by 2022, growing at a CAGR of 12.26% during the forecast period. Fingerprint sensors are expected to register the highest growth rate. Asia-Pacific is expected to grow at the highest rate in the electronic sensors market for consumer industry during the forecast period. Companies such as Sony Corporation (Japan), STMicroelectronics N.V. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), Murata Manufacturing Company, Ltd. (Japan), Infineon Technologies AG (Germany), TE Connectivity Ltd. (Switzerland), Synaptics Incorporated (U.S.), Cypress Semiconductor Corporation (U.S.), and OMRON Corporation (Japan) have been profiled in this 172 pages research report available at http://www.rnrmarketresearch.com/electronic-sensors-market-for-consumer-industry-by-type-image-motion-pressure-temperature-fingerprint-proximity-others-application-communication-it-entertainment-home-appliances-wearable-devices-st-to-2022-market-report.html .

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