North America Wearable Sensors Market - By Type , Application, Geography, Trends, Forecast- 2017 - 2022

  • ID: 4390018
  • Report
  • Region: America, North America, United States
  • 96 pages
  • Mordor Intelligence
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The North America Wearable Sensors market is valued at USD 55.326 million in 2016 and is expected to reach a value of USD 541.16 million by the end of 2022, growing at a projected CAGR of 46.24% during the forecast period of 2017 - 2022.North America is the leader of the market for wearable sensors. The market in this region is estimated to increase in the coming years because of the increased usage in different sectors like healthcare, travel, military, sports and fitness etc.

One of the major markets for wearable sensors in this region is the sports and fitness market. Products like Nike Fuelband, Jawbone UP, Microsoft Band and Fitbit have come in the market that is there for fitness tracking. These devices are worn on the body to track various parameters such as steps taken, distance travelled, calories burned etc. and can be synced with the phone to track the progress daily. These devices are getting popular in this region because of the serious problem of people being overweight and obese. In USA, more than 2 in 3 adults are overweight or obese, more than 1 in 3 persons are obese and more than 1 in 20 adults have extreme obesity. This problem is growing because of the irregular, unhealthy diet and the lack of exercise. Wearable devices are helping masses to get more fit. The application of wearable devices in sports and fitness is becoming a huge market in the North America region.

The major trend driving the global wearable sensor market is miniaturization and improved communication capabilities, which enables their integration into various devices and machines without compromising other functionalities. North America is the leading market for sensors globally, with the U.S. being the major market in the region. Asia Pacific region is one of the fastest growing regions for sensor market, on account of increasing adoption of smartphones. The proliferation of advanced electronic control systems has made sensors more accurate, reliable, and reliable while increasing the response time, robustness, communications capabilities and efficiency. The continuous innovations and investments in research and development to meet the changing consumer preferences has led to improved fabrication techniques and enhanced sensing abilities at lower costs driving market growth. This research report covers different types such as Motion, Inertia, Health, and Pressure among others that are witnessing rapid technological developments, which comprise the Global Wearable Sensors market.

The study elucidates the situation of sensors by various types and shows application of sensors in various markets like Transportation, Sports/Fitness, Entertainment and Media, Aerospace and Defense, and Healthcare among others, along with market metrics. The market is divided by the various types of Wearable. The report is also divided by geography - North Americas, Europe, the Asia-Pacific (APAC), Latin America and Middle East and Africa; where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various applications of sensors have been discussed in detail in addition to a comprehensive overview of the market. Market estimates for the 19 major countries in all the above regions are included with forecasts for the period 2014-2020.

DRIVERS

Some of the major factors augmenting the global Wearable sensors market are: rapid technological developments, increasing applications in the industrial sector and improvement in the battery sizes. Development of wearable sensors that look fashionable while being smart will help grow the Wearable sensor market. Increased research and development in the sensor industry is creating opportunities for technological advancements that open up new horizon for sensor applications.

RESTRAINTS

Technological improvements have increased the robustness and scope of application of sensors but reluctance from end users in employing new innovations due to their expensive nature is a major challenge for the Sensors market.

WHAT THE REPORT OFFERS

1.North America Wearable Sensors Market Overview with information on drivers and restraints

2.Wearable Sensors Market Analysis and its applications in the industry

3.Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale

4.Extensively researched competitive landscape with profiles of major companies along with their market shares

5.A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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1. Introduction
1.1 Key Deliverables
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's 5 Forces
4.4.1 Threat of New Entrants
4.4.2 Threat of Substitute Products or Services
4.4.3 Bargaining Power of Suppliers
4.4.4 Bargaining Power of Buyers
4.4.5 Intensity of Competitive Rivalry
4.5 Industry Value Chain Analysis
5. Technology Snapshot
5.1 Key Technologies Overview (MEMS, CMOS etc.)
6. North America Wearable Sensors Market Segmentation
6.1 By Type
6.1.1 Health Sensors
6.1.2 Environmental Sensors
6.1.3 MEMS Sensors
6.1.4 Motion Sensors
6.1.5 Others
6.2 By Device
6.2.1 Wristwear
6.2.2 Bodywear & Footwear
6.2.3 Others
6.3 By Application
6.3.1 Health & Wellness
6.3.2 Safety Monitoring
6.3.3 Home Rehabilitation
6.3.4 Others
6.4 By Country
6.4.1 US
6.4.2 Canada
7. Company Profiles (List Populated Based on Global Presence)
7.1 STMicroelectronics
7.2 Infineon Technologies AG
7.3 Texas Instruments Incorporated
7.4 Analog Devices Inc.
7.5 InvenSense Inc.
7.6 Freescale Semiconductor Inc
7.7 Panasonic Corporation
7.8 NXP Semiconductors N.V.
7.9 TE Connectivity Ltd.
7.10 Bosch Sensortec GmbH (Robert Bosch GmbH)
8. Investment Outlook
9. Future of North America Wearable Sensors Market
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