North America Wearable Sensors Market Size, Share & Industry Trends Analysis Report By Vertical (Consumer, Healthcare, Industrial), By Type, By Application (Wrist Wear, Footwear, Bodywear, Eyewear, and Neckwear), By Country and Growth Forecast, 2023 - 2030
The North America Wearable Sensors Market would witness market growth of 21.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 84.0 million Units, showcasing a growth of 15.7% (2019-2022).
The market is growing owing to increasing consumer demand for device-fused gadgets. The benefits of remote monitoring of well-being and fitness are becoming increasingly well-known to consumers. Technology developments in sensors, shops' capacity to offer a variety of goods, and several other wearables are among the serious concerns of the consumer.
The market has grown significantly due to increased consumer demand for lifestyle tracking devices, wellness, and exercise. The market is anticipated to develop significantly as demand for VR headsets, wrist-worn, and smart clothing increases. In order to give users, the best outcomes or solutions imaginable, significant renowned vendors finance expenditures on innovations. By integrating fashionable technology into the current healthcare systems, the commerce model of digitalization, products, and services is bringing about a democratic system. The market is now growing due to advances in health technologies such as wearables, telemedicine in video games, and artificial intelligence.
The expansion of wearables in the region is anticipated to be fuelled by numerous sports associations' growing investments to prevent any avoidable injuries to highly compensated professional players. In addition to the United States, Canada is seeing increased demand for wearable technology. For its military activities, including clothes, the nation is expected to spend and support adequately. Bell has filed numerous patents in the US and CA that outline a thorough vision for how its wearable equipment could be utilized by individuals trying to monitor unwell individuals and institutions looking to track large populations. The market would experience explosive growth in the North American region due to the widespread usage of wearable technologies.
The US market dominated the North America Wearable Sensors Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,621.9 million by 2030. The Canada market is experiencing a CAGR of 23.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 22.7% during (2023 - 2030).
Based on Vertical, the market is segmented into Consumer, Healthcare, Industrial, and Others. Based on Type, the market is segmented into Accelerometers, Magnetometers, Gyroscopes, Pressure & Force Sensors, Inertial Sensors, Temperature & Humidity Sensors, Motion Sensors, Image Sensors & Touch Sensors, Microphones & Micro Speakers, and Medical- Based Sensors & Others. Based on Application, the market is segmented into Wrist Wear, Footwear, Bodywear, Eyewear, and Neckwear & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include STMicroelectronics N.V., NXP Semiconductors N.V., Texas Instruments, Inc., TE Connectivity Ltd., Analog Devices, Inc., Broadcom, Inc., Asahi Kasei Corporation, Infineon Technologies AG, Panasonic Holdings Corporation, Knowles Electronics, LLC (Dover Corporation).
Scope of the Study
Market Segments covered in the Report:
By Vertical (Volume, Million Units, USD Million, 2019-2030)
- Consumer
- Healthcare
- Industrial
- Others
- Accelerometers
- Magnetometers
- Gyroscopes
- Pressure & Force Sensors
- Inertial Sensors
- Temperature & Humidity Sensors
- Motion Sensors
- Image Sensors & Touch Sensors
- Microphones & Micro Speakers
- Medical- Based Sensors & Others
- Wrist Wear
- Footwear
- Bodywear
- Eyewear
- Neckwear & Others
- US
- Canada
- Mexico
- Rest of North America
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Texas Instruments, Inc.
- TE Connectivity Ltd.
- Analog Devices, Inc.
- Broadcom, Inc.
- Asahi Kasei Corporation
- Infineon Technologies AG
- Panasonic Holdings Corporation
- Knowles Electronics, LLC (Dover Corporation)
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Wearable Sensors Market, by Vertical
- 1.4.2 North America Wearable Sensors Market, by Type
- 1.4.3 North America Wearable Sensors Market, by Application
- 1.4.4 North America Wearable Sensors Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market At a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2022
- 4.2 Strategies Deployed in Wearable Sensors Market
- 4.3 Porter’s Five Force Analysis
- Chapter 5. North America Wearable Sensors Market by Vertical
- 5.1 North America Consumer Market by Country
- 5.2 North America Healthcare Market by Country
- 5.3 North America Industrial Market by Country
- 5.4 North America Others Market by Country
- Chapter 6. North America Wearable Sensors Market by Type
- 6.1 North America Accelerometers Market by Country
- 6.2 North America Magnetometers Market by Country
- 6.3 North America Gyroscopes Market by Country
- 6.4 North America Pressure & Force Sensors Market by Country
- 6.5 North America Inertial Sensors Market by Country
- 6.6 North America Temperature & Humidity Sensors Market by Country
- 6.7 North America Motion Sensors Market by Country
- 6.8 North America Image Sensors & Touch Sensors Market by Country
- 6.9 North America Microphones & Micro Speakers Market by Country
- 6.1 North America Medical- Based Sensors & Others Market by Country
- Chapter 7. North America Wearable Sensors Market by Application
- 7.1 North America Wrist Wear Market by Country
- 7.2 North America Footwear Market by Country
- 7.3 North America Bodywear Market by Country
- 7.4 North America Eyewear Market by Country
- 7.5 North America Neckwear & Others Market by Country
- Chapter 8. North America Wearable Sensors Market by Country
- 8.1 US Wearable Sensors Market
- 8.1.1 US Wearable Sensors Market by Vertical
- 8.1.2 US Wearable Sensors Market by Type
- 8.1.3 US Wearable Sensors Market by Application
- 8.2 Canada Wearable Sensors Market
- 8.2.1 Canada Wearable Sensors Market by Vertical
- 8.2.2 Canada Wearable Sensors Market by Type
- 8.2.3 Canada Wearable Sensors Market by Application
- 8.3 Mexico Wearable Sensors Market
- 8.3.1 Mexico Wearable Sensors Market by Vertical
- 8.3.2 Mexico Wearable Sensors Market by Type
- 8.3.3 Mexico Wearable Sensors Market by Application
- 8.4 Rest of North America Wearable Sensors Market
- 8.4.1 Rest of North America Wearable Sensors Market by Vertical
- 8.4.2 Rest of North America Wearable Sensors Market by Type
- 8.4.3 Rest of North America Wearable Sensors Market by Application
- Chapter 9. Company Profiles
- 9.1 STMicroelectronics N.V.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 NXP Semiconductors N.V.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 SWOT Analysis
- 9.3 Texas Instruments, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 TE Connectivity Ltd.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Analog Devices, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Broadcom, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
- 9.7 Asahi Kasei Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Infineon Technologies AG
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 Panasonic Holdings Corporation
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 SWOT Analysis
- 9.10. Knowles Electronics, LLC (Dover Corporation)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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