Albany, NY, Nov. 18, 2015 (GLOBE NEWSWIRE) -- This report provides detailed descriptions of the sensor types that dominate wearable technology products today, and emerging sensor types that will dominate in the future. Many product types have risen through the peak of the wearable technology hype curve in the last five years before beginning the slide to disillusionment.
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The common feature with all of them is the prominence of sensor options as the key enabler for their most useful functions. Sensors collect data about the physical and chemical properties of the body and local environment, and use it to feed algorithms which output insightful information. With coverage of all of the prominent incumbent sensors and the most promising emerging options, the report concludes that there will be 3 billion wearable sensors by 2025, with over 30% of them being new sensors that are just beginning to emerge.
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The report groups sensors in prominent categories, as follows:
- Inertial measurement units (IMUs - including accelerometers, gyroscopes, magnetometer and barometers)
- Optical sensors (including optical heart rate monitoring, PPG and cameras)
- Wearable electrodes
- Chemical sensors
- Flexible stretch/pressure/impact sensors
- Temperature sensors
- Microphones Other
- emerging wearable sensors
For each sensor, the technologies and major players are described, backed up by detailed interviews and company profiles of key bodies in each sector. The report also views the big picture, discussing the implications of sensor fusion and the relative merits of each sensor type for various applications. This extensive primary research is used to produce detailed market forecasts for each sensor type over the next decade. Market data is provided for the growth of each sensor type, and is used to illustrate key trends that are observable in various application sectors.
Sensor trends are tied to key market sector trends for wearable technology, building on IDTechEx's extensive analysis of 800 active players in the wearable technology space. Many of the most prominent wearable technology trends are closely tied to the properties and limitations of sensor systems. Case studies are used to illustrate the most prominent examples, including regulatory implications for healthcare systems, ease of commoditization in infotainment devices and the possibilities presented by sensor fusion.
Sensors are the most diverse component type in wearable devices, and they also enable the key functions that will make wearable devices be worn. Advances with wearable sensors are a vital driver for the future of wearable technology. Their incorporation alongside new energy harvesting and storage techniques, efficient power management systems and low power computing, in form factors that will be increasingly flexible, fashionable and invisible will drive the wearable technology market to $70bn by 2025.
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The change of materials, suppliers and processes is driven by the fact that the new e-skin patches, e-textiles, stretchable, tightly roll able devices and so on cannot be made with the old "components in a box" approach. Electronics must become transparent or disappear into everyday objects such as spectacle frames for example. Suppliers are needed for formulations and intermediate materials at the heart of this new electronics and electrics. Premium pricing awaits.
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The report evaluates how wearable electronics offers these suppliers over $100 billion in cumulative material sales over the coming decade. This report is written for these suppliers as the only comprehensive, up-to-date analysis of the whole scene that focuses on materials needed rather than the finished devices. It has many figures and tables of explanation, analysis and market value prediction for 2015-2025 for both the materials and the complete devices.
The "Wearable Technology Ecosystem: 2015 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts" report presents an in-depth assessment of the wearable technology ecosystem including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2015 through to 2030. The forecasts are further segmented for 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.
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SNS Research estimates that by 2016, wearable device shipments will surpass 140 Million and will account for nearly $30 Billion in revenue. The market is further expected to grow at a CAGR of 30% over the next five years.
Wearable Electronics Market In The US 2015-2019
Wearable electronics refers to electronics embedded in wearables, such as accessories and clothing. Wearable electronics are equipped with miniaturized devices such as microchips and sensors, which provide them the capability to compute like cell phones and laptops. The electronic devices embedded in wearables collet data and track activities, allowing wearers access to information in real time. Wearable devices such as Google glasses, smart bands, smart watches, and smart clothing monitor real-time fitness, heart rate, sleep statistics, calories, and provide valuable insights on health. One of the important aspects of wearable technology is the ability to provide its users hands-free access to electronics and computers. Some wearable devices, such as smartwatches, have the capability to call, send and receive text messages, and receive notifications.
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The wearable electronics market in the US to grow at a CAGR of 69.53% in terms of unit shipment over the period 2014-2019.
Wearable Electronics Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the wearable electronics market in the US and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
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