Wearable Sensors Market Size To Reach $9.26 Billion By 2030

Wearable Sensors Market Growth & Trends

The global wearable sensors market size is anticipated to reach USD 9.26 billion by 2030, according to a new report by Grand View Research, Inc., progressing at a phenomenal CAGR of 13.5% during the forecast period. Wearable sensors are a vital aspect of wearable devices owing to the 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 costs for patients.

Wearable sensors are expected to gain traction over the forecast period. The smartwatch segment dominated the market and is expected to grow at the fastest CAGR over 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. An 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.

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Wearable Sensors Market Report Highlights

• Smartwatch dominated the market with share of 34.1% in 2023 and is expected to grow at the fastest CAGR over the forecast period.

• The consumer segment emerged as the largest segment and is and is projected to grow at the fastest CAGR of 14.8% over the forecast period.

• Demand for wearable sensors in defense is anticipated to witness moderate growth over the forecast period

• Asia Pacific is expected to be the fastest-growing region over the forecast period. Numerous enterprises and several new players within China and Japan have been investing in advanced sensor manufacturing.

Wearable Sensors Market Segmentation

Grand View Research has segmented the global wearable sensors market report based on sensor type, device, end use, and region:

Wearable Sensors Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Accelerometer

• Gyroscope

• Optical

• Force & Pressure

• Inertial Sensor

• Temperature

• Magnetometers

• Medical Based Sensors

• Others

Wearable Sensors Device Outlook (Revenue, USD Billion, 2018 - 2030)

• Smartwatch

• Fitness Band

• Smart Glasses

• Smart Fabric

• Smart Footwear

• Other Wearables

Wearable Sensors End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Consumer

• Defense

• Healthcare

• Industrial

• Others

Wearable Sensors Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East & Africa (MEA)

  • UAE

  • South Arabia

  • South Africa

List of Key Players in Wearable Sensors Market

• TE Connectivity

• NXP Semiconductors

• STMicroelectronics

• Robert Bosch GmbH 

• Infineon Technologies AG 

• InvenSense 

• Knowles Electronics, LLC. Itasca, IL, USA.

• Panasonic Corporation 

• Sensirion AG 

• Asahi Kasei Microdevices Corporation