Body Worn Temperature Sensor Market: Current Analysis and Forecast (2022-2028)

The body worn temperature sensor market is expected to register a CAGR of approx. 25% over the period of 2022-2028. Body worn temperature sensors continuously monitor the health aspects such as body temperature, heart rate, and pulse rate in infants, elders, and patients. Temperature sensors are embedded in wearable devices to monitor temperature and other bodily activities. The growing demand for body worn temperature sensors can be attributed to the increased technological advancements and expanding need for portable medical equipment. For instance, the market for temperature sensors is expanding mostly due to the rising popularity of portable and wearable healthcare devices integrated into normal consumer products. Furthermore, the body worn temperature sensor market is anticipated to grow on account of the increased adoption of environmentally friendly products. For instance, in December 2022, Heimann Sensor's introduced infrared arrays to enable a targeted use of cooling and heating capacity with its infrared presence detection in medical applications such as fever measurement and capnography (measurement of the carbon dioxide content in a patient's exhaled air). However, the high price of the sensors and gradual acceptance of this medical equipment are the major factors inhibiting the global market growth.

Based on the type, the market is segmented into Smart Watch, Biosensors, Wearable Patches, Hand Worn Terminals, and Others. The smartwatch segment accounted for a significant market share and is estimated to grow rapidly during the projected timeframe. Globally, a sizable portion of the young population uses a smartwatch for various functions such as fitness tracking which help monitor health. For instance, a variety of sensors such as accelerometers can track activity levels and offer insights based on health goals. It tells more about the movements of the body and provides a measure of step counts and activity levels by detecting resistance to small streams of electrical currents transmitted by the watch.

Based on end users, the market is fragmented into Healthcare and Medical, Military, Infotainment, and others. The healthcare and medical segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Growing concern regarding chronic diseases coupled with the increasing market penetration in the healthcare segment is also expected to favorably impact the body worn temperature sensors market growth. Technology and services in the healthcare industry are advancing quickly due to modern technological innovations. A recent advancement in this field is remote patient monitoring, which has several benefits in an increasing world population with rising health issues.

For a better understanding of the market adoption of the body worn temperature sensor, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the Body Worn Temperature Sensor industry owing to increasing adoption of smartwatches, fitness bands, and wearable medical monitoring devices. The market is anticipated to increase as a result of rising demand for wearable technology across a variety of application sectors. Due to the more portable and compact nature of these temperature sensors, the market is anticipated to grow over the forthcoming years. Additionally, Asia-Pacific is expected to witness significant growth during the forecast period because of the rapid urbanization and digitization in the region.

Some of the major players operating in Panasonic Holdings Corp, Texas Instruments Incorporated, Infineon Technologies AG, Siemens AG, Sensirion AG, Heimann Sensor GmbH, AMSYS GmbH & Co. KG, Analog Devices, Inc, Allegro MicroSystems, Inc, and STMicroelectronics, among others. Several M&A along with partnerships have been undertaken by these players.