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The global wearable sensors market value reached approximately USD 3.32 billion in 2023. The market is projected to grow at a CAGR of 16.6% between 2024 and 2032, reaching a value of around USD 13.20 billion by 2032.
Wearable sensors are electronic devices that are worn on the body or integrated into clothing or accessories to collect various types of data from the wearer's body devices. These devices track and analyse physical, chemical, and environmental parameters. They are capable of real-time information tracking and take the non-invasive approach.
The wearable sensors market demand is being driven by the rising implementation of the products in the healthcare sector and the heightened awareness about fitness among people around the world. Fitness trackers and real-time monitoring devices equipped with sensors for heart rate monitoring, step counting, and sleep tracking are being widely adopted.
The integration of wearable sensors with artificial intelligence (AI) and machine learning (ML) technologies has ushered in a new potential for the wearable sensors industry growth. These advanced technologies enable the analysis of intricate patterns in activity data captured by wearable sensors to identify potential fall risks among elderly individuals and analyse the effectiveness of rehabilitation programmes.
The wearable sensors market dynamics and trends are growing due to ongoing advancements in sensor technologies. Innovations like miniaturisation have greatly enhanced the functionality of wearable sensors, leading to the creation of more advanced, faster, and feature-rich wearable devices.
According to the Government of India Ministry of Electronics & Information Technology, in India, the electronics manufacturing sector has seen substantial growth in various verticals, including wearables and hearables. In the fiscal year FY21-22, the production of wearables and hearables, this segment experienced significant growth, reaching USD 0.25 billion.
As reported by the State Council of the People’s Republic of China, in Q3 2023, China's wearable device shipments increased by 7.5% year on year, reaching 34.7 million units. Specifically, ear-worn devices saw a 9.8% rise to 19.24 million units. Smartwatches increased by 5.5% to 11.4 million units, while wristbands grew by 2.2% to 3.98 million units, further driving the wearable sensors market revenue as these devices track physical activities such as steps, distance, calories burned, and exercise performance, providing valuable insights and feedback for fitness objectives.
In Australia, in 2022, 5.6% of young people met the physical activity guidelines, more than doubling from 1.9% in 2017–18. Males aged 15–17 were more likely to meet the guidelines compared to females, with 9.9% versus 3.7%. For adults aged 18–64, 22.4% met the guidelines in 2022, up from 17.0% in 2017–18. Over half (56.4%) engaged in 30 minutes of activity on five or more days, and 26.6% performed strength or toning exercises on at least two days as reported by the Australian Bureau of Statistics.
According to the World Bank, in 2023, the population aged 65 and above has increased to 23% of the total population in Germany, 22% in France, and 24% in Italy. The ageing population boost the wearable sensor industry revenue by increasing demand for health monitoring, chronic disease management, and personalised care, driving the adoption of wearable health technologies.
“Global Wearable Sensors Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Region
The wearable sensors demand growth increasing, with wristwear sensors anticipated to dominate the market share due to their widespread use among both the public and athletes. These types of sensors are gaining popularity due to their ability to provide easy access to vital information. The segment value is likely to further multiply with the implementation of additional features such as proximity sensors, blood oxygen monitoring, and GPS (Global Positioning System), among others, in such sensors.
The company’s focus on automotive parts, industrial technology, consumer products, and energy and building solutions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Wearable Sensors Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 3.32 billion.
The global wearable sensors market is assessed to grow at a CAGR of 16.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 13.20 billion by 2032.
The market is being driven by the rising awareness of fitness among people and advancements in sensor technology.
The major trends guiding the market are the integration of artificial intelligence and machine learning for real-time tracking and analysis in wearable sensors and the surging usage of wearable sensors in medical applications.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The different product types considered in the market report include temperature sensors, image sensors, motion sensors, pressure sensors, position sensors, and medical-based sensors, among others.
The competitive landscape consists of Robert Bosch GmbH, Google LLC, STMicroelectronics N.V., Infineon Technologies AG, Texas Instruments Incorporated, TE Connectivity Ltd., Analog Devices, Inc., TDK Corporation, Ams-OSRAM AG, Panasonic Corporation, and NXP Semiconductors N.V., among others.
Based on the end use the market is divided into consumer goods, healthcare, industrial and others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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