Wearable sensors market to hit $5.5bn by 2025, claims research
The market for wearable sensors will reach $5.5 billion (£3.6bn) by 2025, according to the latest report from MarketResearchReports.Biz.
Market Research Reports' new research covers growth trends, dominating sensor types and a forecast of the wearable sensors market worldwide. Several wearable product types have been launched in the last five years, but a common feature among them is the presence of sensor options as a key enabler for the products' most useful functions.
With coverage of all emerging and currently prominent sensors, the report predicts that the number of wearable sensors will rise to three billion, with over 30% of them being emerging options.
Several wearable technology trends are closely linked to the limitations and properties of sensors systems. Sensors are the most diverse component in wearables and enable key functions in devices.
Advances in sensors are key to advances in wearable technology itself, along with improvements in energy storage and harvesting, low power computing, flexible form factors, efficient power management systems and fashion. Together, all these factors are set to drive the wearable technology market to $70 billion by 2025.
The report looks at a new wearables market for those ready to make intermediate materials and formulations for 2D and 3D electronic printing, in-mould electronics and others. These processes are growing in popularity and adoption as wearables change their form significantly to comply with changing economic and physical needs, and the development of rollable, stretchable devices, e-skin patches and others. Electronics need to become transparent or invisible.
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.