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Global Motion Sensor Market for Wearables to Grow 24.46% by 2020 - Rising Demand for Wearable Fitness Devices - Research and Markets

[April 14, 2016]

Global Motion Sensor Market for Wearables to Grow 24.46% by 2020 - Rising Demand for Wearable Fitness Devices - Research and Markets

Research and Markets has announced the addition of the "Global Motion Sensor Market for Wearables 2016-2020" report to their offering.

The global motion sensor market for wearables is expected to grow at a CAGR of 26.46% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global motion sensor market for wearables. The wearable electronic devices discussed in the report include the following:

Smart bands
Smart clothing
Smart glasses
Smart watches

With the rising demand for smart wearable fitness devices, different vendors across the supply chain are making strategic partnerships to support and boost the development of wearable device technology. These strategic partnerships enable both wearable device manufacturers and motion sensor vendors to derive maximum benefit out of this growing market.

Accordng to the report, the MEMS packaging industry is constantly evolving. The need to reduce packaging size and integrate nine-axis sensors in a single package has increased. Also, it is very important for vendors to achieve standardization in packaging because of the increase in unit shipments of MEMS sensors. Although it is difficult to achieve because of rapid advances in technology in consumer electronic devices, certain vendors are trying to achieve standardization in packaging materials for various sensors.

Further, the report states that low awareness of potential uses of wearable devices is hindering the market growth.

Key vendors: