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Wearable Sensor Market Share

Report ID: GMI8343
Published Date: Feb 2024
Report Format: PDF

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Wearable Sensor Market Share

STMicroelectronics N.V. and Analog Devices Inc. hold a significant share of over 20% in the wearable sensor industry. STMicroelectronics N.V. offers a comprehensive range of energy-efficient and miniaturized sensors including accelerometers, gyroscopes, and magnetometers. It focuses on integrating multiple sensor functionalities into compact modules to cater to the increasing demand for sophisticated yet user-friendly wearable devices.

Analog Devices Inc. holds a significant share in the market due to its extensive portfolio of high-precision, low-power sensors tailored for wearables. Its expertise in designing sensors for motion tracking, health monitoring, and environmental sensing, combined with a strong focus on innovation and reliability, meets the diverse needs of the rapidly growing wearable technology sector. This helps the company gain a competitive advantage in the market.

Wearable Sensor Market Companies

Major players operating in the wearable sensor industry are:

STMicroelectronics N.V.
Analog Devices Inc.
Texas Instruments Incorporated
NXP Semiconductors NV
Broadcom Inc.
Knowles Electronics, LLC.
Infineon Technologies AG

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for wearable sensor was valued at over USD 1.5 billion in 2023 and is estimated to register more than 20% between 2024 and 2032 owing to the aging global population and the desire for the elderly to maintain independence.

The wristwear segment held over 30% share of the wearable sensor market in 2023 and is anticipated to record strong demand through 2032 with an increasing consumer focus on health & wellness, with individuals seeking convenient ways to monitor their physical activity, heart rate, sleep patterns, and other health metrics.

Asia Pacific market is expected to observe over 20% CAGR from 2024 to 2032 due to the strong emphasis on R&D and the presence of major electronics manufacturers in the region.

STMicroelectronics N.V., Analog Devices Inc., Texas Instruments Incorporated, NXP Semiconductors NV, Broadcom Inc., Knowles Electronics, LLC., and Infineon Technologies AG.