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Wearable Sensors Market Worth $2.86 Billion by 2025 | CAGR: 38.8%: Grand View Research, Inc.SAN FRANCISCO, May 17, 2018 /PRNewswire/ -- The global wearable sensors market size is anticipated to reach USD 2.86 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a phenomenal CAGR of 38.8% during the forecast period. Wearable sensors are a vital aspect of wearable devices owing to growing focus on health and fitness monitoring activities. Wearable sensors are emerging as a revolution in monitoring healthcare and fitness parameters and reducing overall hospital cost for patients. (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg ) Wearable sensors are expected to gain traction over the forecast period. The application of these sensors in fitness bands is estimated to hold largest market share in 2016. However, the smart watch segment is anticipated to exhibit the highest CAGR during the forecast period. The growth of the segment is accredited to its capabilities in monitoring and rendering a comprehensive analysis of user activities. As technology advances, end users such as Apple, Samsung, and Fossil are focusing on providing game-changing products, which is a key determinant driving the popularity of wearable sensors. The consumer segment is expected to remain dominant with fitness tracking emerging as a key trend among users in the recent past. Increase in demand for wearable sensors for remote monitoring of health and fitness through motion sensing technologies and data analysis techniques is anticipated to be a major factor driving segment growth. The healthcare vertical is anticipated to grow at a healthy CAGR over the forecast period, fueled by technological developments in remote monitoring. Browse full research report with TOC on "Wearable Sensors Market Size, Share & Trends Analysis Report By Sensor Type, By Device (Smart Watch, Fitness Band, Smart Glasses, Smart Fabric), By Vertical, By Region, And Segment Forecast, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/global-wearable-sensor-market Further Key Findings From the Report Suggest:
Grand View Research has segmented the global wearable sensors market on the basis of sensor type, device, vertical, and region:
Explore the BI enabled intuitive market research database, The Grand Library, by Grand View Research, Inc. About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: https://www.grandviewresearch.com |