Market Research Report
Latin America Wearable Sensors Market - By Type (Health Sensors, Environmental Sensors, MEMS Sensors, Motion Sensors), Device (Wristwear, Bodywear and Footwear), Application, Geography, Trends, Forecast - (2017 - 2022)
|Published by||Mordor Intelligence LLP||Product code||393450|
|Published||Content info||96 Pages
Delivery time: 2-3 business days
|Latin America Wearable Sensors Market - By Type (Health Sensors, Environmental Sensors, MEMS Sensors, Motion Sensors), Device (Wristwear, Bodywear and Footwear), Application, Geography, Trends, Forecast - (2017 - 2022)|
|Published: January 12, 2017||Content info: 96 Pages||
The Latin America Wearable Sensors Market is valued at USD 5.13 million in 2016 and is expected to reach a value of USD 38.7 million by the end of 2022, growing at a projected CAGR of 40.05% during the forecast period of 2017 - 2022. Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate, which is driving the healthcare industry as it enables remote data access. The market is driven due to the rising awareness of health and fitness, where wearable sensors play a vital role. The falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. Increasing demand across various application sectors such as wearable technology for fitness, healthcare and security is driving the Latin America wearable sensors market to grow lucratively.
The rising market of smartphones and tablets is enabling the integration of wearable devices with the smartphones. Wrist wear segment holds the majority of the market share and is anticipated to dominate the market during the forecast period. The introduction of smart watches from companies like Samsung, Sony and Nike among others has given a boost to this market. Latin America accounted for about 4% of the global market in 2014, mainly due to advancements in sensor technologies in the region.
The Latin America Wearable Sensors Market is segmented on the basis of Type (Motion, Inertial, Temperature, Health, Pressure, Image, and Others), & Industry (Healthcare, Consumer Applications, Sports/Fitness, Industrial, Entertainment & Media, and Others).
This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Latin America Wearable Sensors Market. Some of the top companies mentioned in the report are Infineon Technologies AG (Germany), Freescale semiconductor Inc. (U.S.), and Maxim Integrated Products Inc. (U.S.), Analog Devices Inc. (U.S.), Panasonic Corporation (Japan), Samsung (South Korea) and among others.
What the report offers