Growing Healthcare Concerns makes Wearable Sensor Market a Success
Wearable sensors are Micro-Electromechanical Systems (MEMs) based sensors which can sense and process the surrounding environment. Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate. Wearable sensors are commonly used to monitor patients suffering from a variety of diseases. Demand for wearable sensors is expected to increase from several industries, such as sports, gaming, and consumer electronics. Demand for advanced tablets and smartphones is on the rise, which allows integration of smart applications such as wearable sensors to contribute greatly towards the worldwide demand for wearable sensors. Wearable sensors installed in a wide variety of wearable devices allow the devices to capture and sense motion, images, temperature, pressure, and other elements. Wearable sensors are fixed in devices that can be embedded into footwear, body-wear, eyewear, wrist-wear. This is a priceless asset for those who need to keep a check on their physical state or even for those who are simply health-conscious.
Wearable Sensor and Its Global Market Description: http://www.transparencymarketresearch.com/wearable-sensor-market.html
Increasing application of wearable sensors is expected to expand the global wearable sensor market in the coming few years. The growing need to manage and monitor personal fitness and security by using smart wearable devices is predicted to accelerate the growth of the global wearable sensor market during the period from 2015 to 2020. Technological advancements and dropping prices of wearable devices have boosted the demand for wearable sensors in the recent past.
Healthcare segment has recently shown a high level of demand for wearable sensors that can be used to monitor and scan patients. One of the other top end users for the global wearable sensors market is consumer electronics, smartphones in particular. Another segment that is generating a high demand for the global wearable sensors market is gaming. All segments employ customized wearable sensors that are built for the specific purpose that they seek. They all are set to benefit from the technological advancements that are occurring in the various industry verticals. Two of the most commonly used devices in the global wearable sensors market are fitness bands and smartwatches.
The introduction of smart devices and smart watches from leading companies such as Nike, Sony, and Samsung has created new growth opportunities in the global wearable sensor market. Some of the applications of wearable sensors are wrist wear, foot wear, body wear, and others. Over the past few years, leading players have been focusing on adopting high-end technologies for manufacturing high-quality wearable devices. In 2014, by application, the global wearable sensor market was led by the wrist-wear segment, which accounted for US$32.6 mn. The wrist-wear segment is predicted to expand at a 45.0% CAGR during the period between 2014 and 2020.
TECHNOLOGICAL ASPECTS OF WEARABLE SENSORS: http://bit.ly/27Cvy1F
North America displayed a growing desire to maintain healthier lifestyles, especially in the U.S., Mexico, and Canada. The region also plays host to some of the biggest names in the global wearable sensors market. Their research and development efforts are therefore aimed directly at the consumers in this region, prompting its growth even further. Some of the top participants in the global wearable sensors market include Panasonic Corporation, NXP Semiconductors, Infineon Technologies AG, Analog devices Inc., Freescale Semiconductor Inc., and Texas Instruments.