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Wearable Sensor Market - By Type (Accelerometer, Gyroscope, Magnetometer, Image/Optical Sensor, Temperature & Humidity Sensor, Pressure Sensor, Proximity Sensor), By Application (Eyewear, Wristwear, Bodywear, Footwear), By Vertical & Forecast, 2024 – 2032

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

Wearable Sensor Market Size

Wearable Sensor Market was valued at over USD 1.5 billion in 2023 and is estimated to register a CAGR of over 20% between 2024 and 2032. The aging global population and the desire for the elderly to maintain independence are driving the demand for wearable sensors that can monitor health indicators, detect falls, and provide emergency alerts.

Wearable Sensor Market

According to UNESCAP, in 2022, around 670 million people residing in Asia Pacific were aged over 60 years. Elderly individuals often have chronic health conditions, such as heart disease, diabetes, and hypertension, that require continuous monitoring. Wearable sensors can track vital signs (heart rate, blood pressure, glucose levels) in real-time, enabling early detection of potential health issues and better management of existing conditions. As cognitive disorders such as Alzheimer’s disease become more prevalent among the elderly, the importance of wearable sensors that monitor cognitive health, detect changes in patterns, and alert caregivers to potential issues is growing.

The ability of these sensors to remotely monitor the health of elderly individuals is particularly beneficial, reducing the need for frequent hospital visits and allowing for aging in place. Wearable sensors enable healthcare providers to track patients' health data and offer consultations through telehealth platforms. 

The development and production of advanced wearable sensors can be costly, leading to higher prices for end users. Affordability becomes a significant barrier to wide adoption, especially in emerging markets and among consumers with limited disposable income. Wearable sensors often incorporate sophisticated technologies including advanced materials, miniaturized electronics, and complex software algorithms to deliver accurate & reliable data. Developing and integrating these technologies can be expensive, raising the price of the final product.

Wearable Sensor Market Trends

Wearable sensors are becoming more integrated with formal healthcare systems, enabling remote patient monitoring and telehealth services. This integration facilitates continuous monitoring of patients with chronic conditions, reduces the need for hospital visits, and allows for timely medical interventions. Beyond traditional smartwatches and fitness bands, the market is seeing an expansion in the types of wearable sensors including smart clothing, smart jewelry, smart shoes, and even implantable sensors. These diverse form factors cater to specific user needs and preferences, expanding the applications of wearable technology.

Wearable sensors are increasingly leveraging Artificial Intelligence (AI) and Machine Learning (ML) algorithms to provide personalized insights and recommendations based on the data they collect. This trend toward personalized health and fitness guidance adds value to wearable devices, making them more attractive to consumers.


Wearable Sensor Market Analysis

Wearable Sensor Market Size, By Vertical, 2022-2032 (USD Billion)

Based on the application, the market is divided into eyewear, wristwear, bodywear, footwear, and others. The wristwear segment dominated the global market with a share of over 30% in 2023.

  • There is 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. Wristwear devices, equipped with a variety of sensors, provide an accessible and non-intrusive way to track these metrics continuously, fueling their adoption.
  • Wristwear devices are increasingly seen as fashion statements, with manufacturers offering a wide range of styles, materials, and customizable watch faces to suit individual tastes. This emphasis on aesthetics, combined with the ability to personalize device functionalities, appeals to a broad consumer base, further propelling market growth.
Wearable Sensor Market Share, By Vertical, 2023

Based on the vertical, the market is divided into consumer, healthcare, industrial, and others. The healthcare segment is expected to register a CAGR of over 20% during the forecast period.

  • With the rising global prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and respiratory conditions, there is an increasing demand for continuous monitoring solutions. Wearable sensors offer a convenient and non-invasive way to track vital health metrics, enabling early detection of complications and improved disease management.
  • There is a growing emphasis on preventive healthcare measures to avoid the onset of diseases and identify health issues before they become severe. Wearable sensors facilitate this shift by offering individuals and healthcare providers real-time data on vital signs, promoting better lifestyle choices and preventive interventions.
China Wearable Sensor Market Size, 2022-2032 (USD Million)

Asia Pacific wearable sensor market is expected to grow at a CAGR of over 20% during the forecast period. Asia Pacific is home to some of the world's leading technology hubs including South Korea, Japan, and China. These countries are at the forefront of technological advancements and innovations in electronics including wearable sensors. The strong emphasis on R&D and the presence of major electronics manufacturers in the region fuel the development and adoption of wearable technologies. There is an increasing awareness and interest in health & wellness among consumers in the region. This growing health consciousness is creating a demand for wearable devices equipped with sensors for fitness tracking, health monitoring, and preventive healthcare, particularly in urban areas with increased lifestyle-related health issues.

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

Wearable Sensor Industry News

  • In May 2022, Analog Devices Inc. launched three-axis MEMS accelerometer for healthcare wearables for vital signs monitoring, hearing aids, and motion-enabled metering devices. The ADXL367 accelerometer enhances noise performance by up to thirty percent while reducing power consumption by a factor of two when compared to the ADXL362 model. Additionally, the new ADI accelerometer offers longer field time, which extends battery life and lowers the frequency and cost of maintenance.
  • In January 2023, Asahi Kasei Corporation launched AK09940A, a 3-axis magnetic sensor with ultra-low noise and ultra-low power consumption performance. High sensitivity and ultra-low noise performance can be leveraged to improve motion tracking accuracy for AR/VR or wearable devices. It is perfect for applications like fault detection and position detection in unknown weak magnetic fields because of its three-axes capability to measure minute magnetic field fluctuations, leakage, and distortion precisely. Furthermore, its ultra-low power consumption makes it a perfect match for 3-axis magnetic measurement in wearable devices and IoT devices that use small-capacity batteries.

The wearable sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million and Units) from 2018 to 2032, for the following segments:

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Market, By Type

  • Accelerometer
  • Gyroscope
  • Magnetometer
  • Image/Optical sensor
  • Temperature & humidity sensor
  • Pressure sensor
  • Proximity sensor
  • Others

Market, By Application

  • Eyewear
  • Wristwear
  • Bodywear
  • Footwear
  • Others

Market, By Vertical

  • Consumer
  • Healthcare
  • Industrial
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA


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.

Wearable Sensor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 293
  • Countries covered: 22
  • Pages: 250
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