SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wearable Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Edition: 9; Released: January 2022
Executive Pool: 5918
Companies: 12 - Players covered include 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. and Others.
Coverage: All major geographies and key segments
Segments: Type (Accelerometers, Magnetometers, Gyroscopes, Image Sensors, Inertial Sensors, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Wearable Sensors Market to Reach $2.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Wearable Sensors estimated at US$524.2 Million, is projected to reach a revised size of US$2.1 Billion by 2026, growing at a CAGR of 25.2% over the analysis period. Accelerometers, one of the segments analyzed in the report, is projected to record a 26.9% CAGR and reach US$826.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Magnetometers segment is readjusted to a revised 20.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $180.8 Million in 2021, While China is Forecast to Reach $493 Million by 2026
The Wearable Sensors market in the U.S. is estimated at US$180.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$493 Million by the year 2026 trailing a CAGR of 31.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.8% and 23.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.7% CAGR.
Gyroscopes Segment to Reach US$467.7 Million by the year 2026
In the global Gyroscopes segment, USA, Canada, Japan, China and Europe will drive the 25.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$83.3 Million will reach a projected size of US$410.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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