This study discusses the critical role of sensors in wearable electronics. Ten different types of sensors have been discussed. This number is expected to increase to accommodate more sensing functionalities in wearable devices. However, the scope of this research is much wider as a number of significant trends are discussed, related not only to sensors, but also to sensor platforms, sensor fusion, and sensor algorithms. In the wearable electronics market, sensor platforms are expected to play a significant role for wearable device manufacturers, such as Nike and Fitbit, to test their options before launching a product. In addition, the entry of a number of hardware and software giants, such as Microsoft and Intel, is expected to change the wearables’ ecosystem and existing business models, and correspondingly the sensors that go inside the devices. In addition, wearable device penetration is expected to pave the way for the Internet of Everything.
Table of Contents
Executive SummaryKey FindingsMarket Engineering Measurements Market Engineering Measurements (continued)CEO’s PerspectiveCEO’s Perspective (continued)CEO’s Perspective (continued)Market OverviewMarket DefinitionsMarket Definitions (continued)Market Overview—Wearables End-user ApplicationsKey Questions This Study Will AnswerMarket SegmentationSensors and Their Critical Role in Wearable ElectronicsWearable Electronics—ProductsWearables—Mobile, Interconnected, and Self-awareWearable Electronics ComponentsSensors Become UbiquitousSensor Applications in WearablesConsumer Applications—Where There is a Wearable, There is a SensorConsumer Applications—Where There is a Wearable, There is a Sensor (continued)Consumer Applications—Where There is a Wearable, There is a Sensor (continued)Healthcare and Medical Applications—Where There is a Wearable, There is a SensorWearables in Healthcare and Medical, and Fitness and Wellness ApplicationsWearables in Healthcare and Medical Applications versus Fitness and Wellness ApplicationsIndustrial and Enterprise Applications—Where There is a Wearable, There is a SensorMilitary and First Responder Applications—Where There is a Wearable, There is a SensorMilitary and First Responder ApplicationsMilitary and First Responder Applications (continued)Automotive Applications—Where There is a Wearable, There is a SensorWearable Electronics in Automotive—Connected Car Health and Wellness in the CarWearable Electronics in Automotive Applications—Connected Car Wearable Electronics in Automotive Applications—Connected Car (continued)Wearable Electronics in Automotive Applications—Connected Car (continued) Sensors and the Wearable Electronics EcosystemHow Sensors and Wearable Electronics WorkWearable Electronics Ecosystem in HealthcareWearables in Healthcare and Medical ApplicationsMore Applications for Wearables to Emerge Through CollaborationsWearable Universe of Sensors, Sensor Platforms, Sensor Software, Device Manufacturers, OEMs, and End UsersEntry of Software and Hardware GiantsMoving the Model from Sensor-offer to Solution-offerEnd User Collaboration in WearablesSensor Hubs—A Powerful Enabler of Navigation SolutionsSensors and Associated Complexities in Wearable ElectronicsHardware and Software ComplexityHardware and Software Complexity (continued)Hardware ComplexityTechnology ConvergenceImportance of Sensor PlatformsSensor Platforms Key to Wearable ElectronicsAdvantages of Sensor Platforms in WearablesAdvantages of Sensor Platforms in Wearables (continued)From Standalone Sensors to Sensor Platforms and Sensor ModulesEvolution from Sensors to SolutionsCombo SensorsDisruptive Trends in Sensors and Wearable ElectronicsHard and Soft SensorsSmart Skin—The Next Big Thing in Wearables?Impact of Health Insurance in WearablesWearable Devices, the Healthcare System, and Insurance CompaniesFirst and Second Generations of WearablesIntegration in Wearable DevicesLeading Sports and Fitness Mobile AppsLeading Sports and Fitness Monitors SuppliersSensors and the Internet of ThingsSensors are Essential to IoTSensors are Essential to IoT (continued)Sensor Labels in Everyday Objects to Facilitate Internet of EverythingSensor Labels in Everyday Objects to Facilitate Internet of Everything (continued)Sensor Labels in Everyday Objects to Facilitate Internet of Everything (continued)Sensors, Wearables, and Big DataSensors, Wearables, and Big Data (continued)Potential Barriers Challenges for WearablesChallenges for Wearables (continued)Information Overload and the End Users’ ConcernsBarriers for Wearables in the Fitness and Wellness IndustryBarriers for Wearables in the Healthcare and Medical Industry Data and Security Challenges for WearablesTechnical/Technological ChallengesDrivers and RestraintsWearable Devices Market—Drivers and RestraintsWearable Sensors Market—Drivers and RestraintsForecast and TrendsWearable Devices Market—Market Engineering MeasurementsWearable Sensors Market—Market Engineering MeasurementsWearable Devices Market—Revenue ForecastWearable Devices Market—Percent Revenue Forecast by End-user ApplicationsWearable Devices Market—Percent Revenue Forecast by RegionWearable Sensors Market—Revenue ForecastWearable Sensors Market—Percent Revenue Forecast by Sensor TypeWearable Sensors Market—Revenue Forecast by Sensor TypeWearable Sensors Market—Revenue Forecast DiscussionMarket Share and Competitive AnalysisCompetitive Environment—Wearable DevicesCompetitive Environment—Wearable SensorsWearable ElectronicsThe Hybrid ModelWearable Devices Companies Wearable Devices Companies by ApplicationsThe Game ChangersWearable Sensor Companies Wearable Sensors Companies by ExpertiseWearable Sensors Companies by Expertise (continued)Sensor Platforms, Sensor Data Fusion Software, and Processor and Microcontroller Unit (MCU) CompaniesThe Last WordThe Last Word—3 Big PredictionsLegal DisclaimerAppendixMarket Engineering MethodologyAdditional Sources of Information on Sensors MarketPartial List of Companies Interviewed