Home > Semiconductor & Electronics > Wearable Sensors Market Segmentation, Demand, Growth, Forecast to 2030
Straits Research

Wearable Sensors Market

Wearable Sensors Market: Information by Type (Accelerometer, Gyroscope), Device (Smart Watch, Fitness Band), and Region — Forecast till 2030

Table of Content Download Sample

Market Overview

The global wearable sensors market was valued at USD 327.68 million in 2021. It is projected to reach USD 1,487.01 million by 2030, growing at a CAGR of 18.3% during the forecast period (2022–2030).

A wearable sensor is a type of sensor that is a technological device that is worn by individuals to track information related to their health and fitness. These sensors can be integrated into fabric or other fashion accessories using wired or wireless devices to monitor and diagnose vital signs like heart rate, blood pressure, and other metabolic activities.

Wearable sensors make it easier to collect physiological and biological data. Healthcare facilities in rural areas without access to remote monitoring systems are currently installing motion sensors. The wrist-worn wearable applications for entertainment, wellness, and fitness significantly contribute to these devices' rapidly expanding market traction. In addition, the high demand for smart wearable devices and their increasing market penetration has increased the demand for wearable sensors.

Market Snapshot

market snapshot
Base Year
: 2021
Study Period
: 2020-2030
: 18.3 %
Fastest Growing Market
: Asia-Pacific
Largest Market
: North America
Market Size
: 1,487.01
Get more information on this report Download Sample Report

Market Dynamics

Global Wearable Sensors Market Drivers

Growing Trend of Miniaturization Sensors

In healthcare and consumer infotainment, wearable devices such as wristwear, bodywear, and eyewear are gaining popularity. The technology of wearable products has improved steadily over time, and the devices have become smaller. According to the Irish Times (2015), the wearable ecosystem is gradually shifting from "wearables" to "wearables," and by the end of the decade, wearable devices will be "disappearances." The major players in the wearable ecosystem, such as Fitbit, Apple, and Garmin, are continually striving to introduce high-end innovations in wearable products. The miniaturization of sensors through microelectronics is crucial in developing wearable devices. The sensors' size is a significant obstacle to the widespread adoption of sensing technology, particularly for wearable electronics. Companies such as STMicroelectronics, NXP Semiconductors, and Broadcom invest heavily in research and development. Another significant market driver is the increasing adoption of sensors based on MEMS, nanoelectromechanical systems (NEMS), and CMOS technologies.

Technological Advancements

Nearly one-third of the world's inhabitants use the internet at higher bandwidths. Consequently, the number of internet-capable smart devices in developing nations has increased. Smartphones are among the most popular 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. In addition, wearable technology is an integral part of platforms such as IoT and M2M, which are the driving forces behind the rising number of connected devices worldwide. Consequently, the expanding market for platforms such as IoT and M2M will likely expand the market for wearable sensors.

Global Wearable Sensors Market Restraint

Technical Difficulties Related to Hardware and Software

Wearable devices are experiencing hardware and software performance issues that could prevent widespread adoption, just like with many other new technologies incorporated into one system. Waterproofing is a common issue for users because the moisture from sweat or washing can harm wearable electronics. The devices' screens and displays may be small, and their power reserves may be constrained due to their compact nature. Thus, a significant obstacle to the market expansion for wearable sensors is related to the technical complexity of the hardware and software in wearable devices.

Segmental Analysis

The global wearable sensors market is segmented by type, device, and vertical.

Based on type, the market is bifurcated into accelerometer, gyroscope, optical, force, and pressure.

The accelerometer segment is anticipated to have the highest CAGR during the forecast period. The segment expansion can be attributed to the market's growing demand for wearable devices. Motion sensing with accelerometer sensors enhances the tracking and monitoring of user activities in terms of output and precision. Utilizing accelerometers in wrist-worn devices provides fitness and wellness-related data, a significant source of market momentum.

Based on the device, the market is bifurcated into smartwatches, fitness bands, and smart glasses.

The fitness band segment held the largest market share in the wearable sensors industry. The segment is anticipated to grow significantly at a CAGR during the forecast period. This increase is due to users' growing popularity of health and fitness devices. Moreover, new market entrants offer fitness bands with advanced technologies at lower prices than smartwatches. This is anticipated to be a significant growth driver for the segment.

Based on vertical, the market is bifurcated into consumer, defense, healthcare, and industrial.

The consumer segment will exhibit the highest CAGR during the forecast period. As consumer awareness of the advantages of remote monitoring of wellness and fitness increases, the demand for sensor-integrated devices also rises. Demand is influenced by numerous factors, including the availability of numerous wearables, the technological advancement of sensors, and the ability of vendors to provide differentiated products. Recently, the demand for fitness, wellness, and lifestyle tracking devices has been a primary driver of wearables shipments. Consumer preferences are positively impacting the market for wrist-worn V.R. headsets and smart clothing, and vendors are seeking to innovate and provide users with the best possible solutions.

Regional Analysis

The global wearable sensors market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

The North American region is anticipated to maintain its dominance during the forecast. Due to the United States' rapid adoption of digital technology, the region holds the largest market share. In addition, the region's healthcare industry has been thriving, which is anticipated to accelerate the adoption of wearable sensor-enabled products. The Aisa-Pacific market is anticipated to expand at the highest rate during the forecast period.

Wearable Sensors Market Regional Analysis
Regional Growth Insights Download Free Sample

Top Key Players of Wearable Sensors Market

  1. E. Connectivity LTD.
  2. NXP Semiconductors N.V.
  3. STMicroelectronics N.V.
  4. Robert Bosch GmbH
  5. Infineon Technologies AG
  6. InvenSense
  7. Knowles Electronics
  8. Panasonic Corporation
  9. Sensirion AG
  10. Asahi Kasei Corporation

Report Scope

Report Metric Details
CAGR 18.3%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered
  1. By Type
    1. Accelerometer
    2. Gyroscope
    3. Optical
    4. Force and Pressure
  2. By Device
    1. Smart Watch
    2. Fitness Band
    3. Smart Glasses
  3. By Vertical
    1. Consumer
    2. Defense
    3. Healthcare
    4. Industrial
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa

Recent Developments

  • June 2022- STMicroelectronics updated NanoEdge AI Studio to support on-device learning and inferencing in S.T.'s recently announced AI-native MEMS sensors. STMicroelectronics has expanded its NanoEdge AI Studio machine-learning design software with support for smart sensors that contain S.T.'s embedded Intelligent Sensor Processing Unit (ISPU).
  • June 2022- Metalenz metasurfaces are now on the market through its partnership with STMicroelectronics, marking the introduction of this revolutionary optical technology in real-world devices. Metalenz and STMicroelectronics delivered the world's first optical metasurface technology for consumer electronics devices.

Wearable Sensors Market Segmentation

By Type

  • Accelerometer
  • Gyroscope
  • Optical
  • Force and Pressure

By Device

  • Smart Watch
  • Fitness Band
  • Smart Glasses

By Vertical

  • Consumer
  • Defense
  • Healthcare
  • Industrial

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the world

Frequently Asked Questions (FAQs)

What is the growth rate for the Wearable Sensors Market?
Wearable Sensors Market size will grow at approx. CAGR of 18.3% during the forecast period.
Some of the top industry players in Wearable Sensors Market are, E. Connectivity LTD., NXP Semiconductors N.V., STMicroelectronics N.V., Robert Bosch GmbH, Infineon Technologies AG, InvenSense, Knowles Electronics, Panasonic Corporation, Sensirion AG, Asahi Kasei Corporation, etc.
In the Wearable Sensors Market, North America has established itself as the market leader with a significant market share.
The Wearable Sensors Market has seen the most substantial growth rate in Asia-Pacific.
The global Wearable Sensors Market report is segmented as follows: By Type, By Device, By Vertical
Price Starts From
USD 995

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
Samsung Electronics
Need Assistance?
+1 646 905 0080 (U.S.)
+44 203 695 0070 (U.K.)

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Report Snapshot
Looking For Custom Report ?
Check Our License Options :

As featured on :

Trusted by Fortune 500
Over 30000+ subscribers