According to relevant data, the global market for wearable sensors in 2016 was approximately US$2339.3 million, and is expected to increase to approximately US$138.74 billion by 2022; the CAGR will be approximately 34.2% from 2017 to 2022.
Wearable sensors can be used in a variety of remote locations and scenarios. In essence, wearable wireless sensor networks can be carried around, but the limitations of operating conditions may make effective operation difficult. The concept of wearable sensors has received extensive attention in research activities. They can be networked in a Wireless Body Area Network (WBAN). At present, emotion and emotion recognition have become the dynamic topics of research. The identification of emotions and expressions may help to track violence, aggression, suspicious behavior, and status information such as illness, weakness, unconsciousness, boredom, or death through remote monitoring. The technical challenge is to position the sensor in a controlled, attached position without hindering the body's movement.
The growth of the global wearable sensor market is mainly due to the increase in wireless connection penetration, the increasing interest of first-tier companies in the wearable ecosystem, and the advantages of wearable devices in the medical industry. In addition, it is expected that advances in areas such as microelectronics, sensor manufacturing, and communications will also benefit the growth of the wearable sensor market. In addition, miniaturization, cost reduction, and integration with consumer electronics devices and accessories have also driven the industry’s need for wearable sensors. Conversely, consumer awareness of the benefits and use of wearable sensors can have a negative impact on the wearable sensor market. Even so, the upcoming application of wearable technology and the increase in the number of connected devices may also provide some direction for revenue growth in the wearable sensor market in the near future.
The important uses of accelerometer sensors in applications such as wrist wear, clothing accessories, and eyewear are expected to grow significantly in the coming years. The growing use of inertial sensors in consumer electronics is also expected to have a significant impact on the growth of the inertial sensor market.
According to the application, the wearable sensor market is divided into wristbands, neckwear, eyewear, footwear, clothing accessories and other markets. Clothing footwear accessories application market is expected to become the most profitable application area, and is expected to achieve the highest CAGR during the entire forecast period. The growth of this market was mainly attributed to the extensive use of consumer electronics, industrial and medical sectors in a variety of applications.
From a regional perspective, North America has the largest share, and 2016 is the main regional market for wearable sensors. Large-scale investment in wireless technologies and legislative initiatives in countries such as the United States and Canada are some of the factors driving the growth of the wearable sensor market in the region. The continuous progress of technological progress and the high reliability of wireless technologies will become the key factors in promoting the demand for wearable sensors in Europe. Due to the low cost of wearable sensors, the Asia Pacific region is expected to become the fastest growing market in emerging markets.
The continuous development of wearable sensors enables better data monitoring. In the future, with the constant development and innovation of sensor technology, it is believed that the market prospect of wearable devices cannot be estimated.
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