21 Oct, 2024
A wearable sensor is a type of sensor that is a technological device worn by individuals to monitor health and fitness-related data. These sensors can be integrated into fabric or other fashion accessories using wired or wireless devices to monitor and diagnose vital signs such as heart rate, blood pressure, and other metabolic activities. With the aid of wearable sensors, it is easier to collect physiological and biological data.
Wearable devices like wristwear, bodywear, and eyewear are gaining popularity in healthcare and consumer infotainment. The technology of wearable products has steadily advanced, and the devices have shrunk over time. The size of the sensors is a significant barrier to the widespread adoption of sensing technology, especially for wearable electronics. The hardware components collect physiological and movement data suitable for long-term monitoring. Companies such as STMicroelectronics, NXP Semiconductors, and Broadcom invest significantly in R&D.
Approximately one-third of the world's population currently uses the Internet with higher bandwidths. Thus, the number of internet-capable smart devices in developing countries has increased. Smartphones are one of the most prevalent portable devices in the wearable ecosystem, and they are primarily used to collect and track health and fitness data for the 0–9 and 60+ age groups. Consequently, the expanding market for platforms such as IoT and M2M will likely lead to the expansion of the market for wearable sensors.
Several factors will drive the expansion of the North American wearable sensors market. The North American region is anticipated to maintain its dominance throughout the forecast. Due to the United States' rapid adoption of digital technology, the region holds a larger market share. In addition, the APAC market is anticipated to expand at the highest rate over the forecast period.