Dublin, Oct. 13, 2023 (GLOBE NEWSWIRE) -- The "Wearable Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Wearable Sensors Market to Reach $5.2 Billion by 2030
The global market for Wearable Sensors estimated at US$880 Million in the year 2022, is projected to reach a revised size of US$5.2 Billion by 2030, growing at a CAGR of 24.9% over the analysis period 2022-2030.
Accelerometers, one of the segments analyzed in the report, is projected to record 26.4% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Magnetometers segment is readjusted to a revised 19.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $229 Million, While China is Forecast to Grow at 31.2% CAGR
The Wearable Sensors market in the U.S. is estimated at US$229 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 31.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19% and 22.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20.7% CAGR.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 179 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $880 Million |
| Forecasted Market Value (USD) by 2030 | $5200 Million |
| Compound Annual Growth Rate | 24.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Wearable Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
FOCUS ON SELECT PLAYERS
- ams AG
- Analog Devices, Inc.
- Asahi Kasei Corporation
- Broadcom Ltd.
- Infineon Technologies AG
- InvenSense, Inc.
- Knowles Electronics, LLC.
- Mcube, Inc.
- NXP Semiconductors NV
- Panasonic Corporation
- Robert Bosch GmbH
- Sensirion AG
- STMicroelectronics NV
- TE Connectivity Ltd.
- Texas Instruments, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/rs3jlp
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