Global Wearable Sensors Business Strategy Report 2023: Market to Reach $5.2 Billion by 2030 with Accelerometers Accounting for $1.8 Billion


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 AttributeDetails
No. of Pages179
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$880 Million
Forecasted Market Value (USD) by 2030$5200 Million
Compound Annual Growth Rate24.9%
Regions CoveredGlobal

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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Global Market for Wearable Sensors

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