Wearable Sensors Market Size, Share & Growth

The study involved four major activities in estimating the size of the wearable sensors market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were used to identify and collect information important for this study. These include annual reports, press releases & investor presentations of companies, white papers, technology journals, certified publications, articles by recognized authors, directories, and databases.

Secondary research was mainly used to obtain key information about the supply chain of the industry, the total pool of market players, the classification of the market according to industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives.

Primary research was also conducted to identify the segmentation types, key players, competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, challenges, and industry trends, along with key strategies adopted by players operating in the wearable sensors market. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information and insights throughout the report.

Primary Research

Extensive primary research has been conducted after acquiring knowledge about the wearable sensors market scenario through secondary research. Several primary interviews have been conducted with experts from both the demand (end users) and supply side (wearable sensors providers) across 4 major geographic regions: North America, Europe, Asia Pacific, and RoW. Approximately 80% and 20% of the primary interviews have been conducted from the supply and demand side, respectively. These primary data have been collected through questionnaires, emails, and telephonic interviews.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the wearable sensors market and various other dependent submarkets. Key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire research methodology included the study of annual and financial reports of the top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative).

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Wearable Sensors Market: Top-Down Approach

Wearable Sensors Market: Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process, as explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using top-down and bottom-up approaches.

Market Definition

Wearable computing or wearable technology refers to electronic devices or equipment that can be worn on a user’s body. They include smart watches, glasses, clothing, and shoes. They operate with the help of sensors such as accelerometers, magnetometers, gyroscopes, motion sensors, temperature and humidity sensors, pressure and force sensors, image sensors, and other medical-based sensors. Sensors in wearable devices offer a wide range of functionalities, from basic features such as monitoring heart rate and calories burned to advanced smart features such as providing data about smell, taste, hearing, and sight. Individuals use these devices to track fitness and health, and in infotainment and fashion, sportspersons can monitor their performance in various sports, such as golf, football, and basketball, among others.

Key Stakeholders

• Electronic design automation (EDA) and design tool vendors
• Players are involved in machine-to-machine (M2M) and Internet of Things (IoT) platforms.
• Consumer wearable manufacturers
• Healthcare-related product manufacturers
• Textile, cloth, and yarn manufacturers and suppliers
• Luxury clothing and accessory manufacturers
• Consumer electronics manufacturers
• Integrated device manufacturers (IDMs)
• Sensor, actuator, and transducer players
• Wearable electronics intellectual property players
• Wearable electronics technology platform developers
• Original equipment manufacturers (OEMs) (wireless equipment manufacturers or electronic product manufacturers)
• Research organizations

Report Objectives

• To describe, segment, and forecast the wearable sensors market size  based on type, verticals, and application in terms of value.
• To describe and forecast the wearable sensors market, by type, in terms of value and volume.
• To describe and forecast the market for four key regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value.
• To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the wearable sensors market
• To provide a detailed overview of the supply chain and ecosystem pertaining to wearable sensors and the average selling prices of wearable sensors.
• To strategically analyze the ecosystem, tariffs and regulations, patent landscape, trade landscape, and case studies pertaining to the market under study
• To strategically analyze micro markets with regard to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market
• To analyze competitive developments such as product launches and developments, expansions, partnerships, collaborations, contracts, and mergers and acquisitions in the wearable sensors market.
• To strategically profile the key players in the wearable sensors market and comprehensively analyze their market ranking and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to 5)