Wearable Sensor Market To Expand Sevenfold In Five Years

Driven by rising demand for fitness and health monitoring features as well as by improved user interfaces, shipments of sensors used in wearable electronic devices will rise by a factor of seven from 2013 through 2019, according to IHS Technology.

The worldwide market for sensors in wearables will expand to 466 million units in 2019, up from 67 million in 2013, as presented in the attached figure.

Shipments of sensors will climb much more quickly than the market for the wearable devices themselves. Wearable devices will increase to 135 million units in 2019, less than three times the total of 50 million in 2013.

“Wearables are a hotbed for sensors, with market growth driven by the increasing number of these components in each product sold,” said Jérémie Bouchaud, director and senior principal analyst, MEMS & Sensors, at IHS Technology. “The main factor propelling this phenomenon is a transition in market share away from simple products like pedometers and toward more sophisticated multipurpose devices such as smartwatches and smartglasses. Instead of using a single sensor like the simpler devices, the more complex products employ numerous components for health and activity monitoring, as well as for their more advanced user interfaces.” … (Read more)

Source: EFYtimes.com