Northbrook, IL -- (SBWIRE) -- 12/18/2018 -- [208 Pages Report] The wearable sensors market is expected to grow from USD 189.4 million in 2015 to USD 1,654.0 million by 2022, at a CAGR of 30.14% between 2016 and 2022.

Wearable technology indicates devices with components such as sensor, battery, connectivity, interface, and other material and algorithm. They are worn either on the body (on the neck, eye, ear, hand, wrist, and foot) or inside clothing. Wearable devices simplify human–computer interaction through a small computer worn on the body.

The key devices in this category are activity trackers, smart clothing, smart glasses, smartwatches, augmented reality (AR) devices, wearable cameras, and gaming devices. In addition, they offer a wide range of services such as hands-free operation, real-time data monitoring, network communication, and logic calculations.

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Sensors are the most important component in wearable technology; they help generate information about the physical event or state. Sensors can measure everything from the surroundings including orientation, motion, light, sound, humidity, temperature, and biometrics such as blood pressure and heart rate. Additionally, continued innovation in sensor technologies is expected to expand the wearable technology capabilities even more. Thus, the need for sensors in wearable devices is one of the major factors supporting growth of the wearable technology ecosystem.

Increasing trend towards smaller, smarter, and cheaper sensors to drive the global wearable sensors demand close to USD 1.6 billion by 2022

Led by rising demand for smart platforms such as IoT and M2M, the demand for sensors that are small, low prices, and incorporate smart technology is increasing. With such platforms and increasing inventions in smart mobile devices such as smartphones and tables, there has been a decline in the cost of sensors, and the introduction of new simple, easy-to-use next-generation sensors has increased. Moreover, led by significant developments in technology, since the past decade, the size of sensors such as level, pressure, and image sensors has decreased appreciably; this is one of the major factors behind overall market growth. For the past four to five years, the use of smaller sensors that can be embedded in smartphones and wearables has grown rapidly. For instance, the size of the pressure sensor has been reduced from 0.5ìm to 1mm. This, coupled with use of MEMS technology has expanded the number of applications for sensors in the field of wearables related to healthcare and consumer goods. MEMS sensors are small devices that combine digital electronics and mechanical components in one platform; thus, they have strong potential to drive the demand for wearable sensors.

The growth of this market is propelled by the increasing advancement toward smaller, smarter, and cheaper sensors, miniaturization trend in sensors, rising share of aging population, and mounting benefits of wearable devices in the healthcare sector. The market is further driven by advent of platforms such as IoT, AR, and M2M, growing interest of Tier I players in wearable ecosystem, and growing trend toward smart living among end users.

This report covers the wearable sensors market based on type, application, vertical, and geography. In terms of type, pressure and force sensors are expected to hold a major market size during the forecast period. The growing usage of wearable devices such as smart watches and fitness bands is likely to drive the market for pressure and force sensors.

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The market for the bodywear application is expected to grow at the highest rate between 2016 and 2022. Rapid changes in terms of manufacturing technology, innovation, and technical advancements in various industries are expected to drive the market for the bodywear application.

The market for the consumer goods vertical is expected to grow at the highest rate between 2016 and 2022. Applications such as fitness and sports, infotainment and multimedia, and garments and fashion are majorly considered under the consumer goods vertical. The increasing demand for smart gadgets and gaming devices for interactive gaming and entertainment in the consumer goods sector is driving the growth of the wearable sensors market for the consumer goods vertical.

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