DUBLIN--(BUSINESS WIRE)--The "United Kingdom Wearable Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The UK wearable sensors market is estimated to register a CAGR of about 39.50% during the forecast period (2021 - 2026).
The major trend driving the UK wearable sensor market is miniaturization and improved communication capabilities, which enable their integration into various devices and machines without compromising other functionalities. The market is also stimulated due to the rising awareness of health and fitness, where wearable sensors play a vital role.
Innovations in fields as diverse as connectivity, sensor technology, material and data sciences, robotics, and e-textiles, are driving rapid advances in wearables sensors in a broad range of consumer and commercial sectors in the United Kingdom.
With the increasing expectation of being connected anytime and anywhere, wearable sensor technology has grown to be one of the biggest growing industries in the United Kingdom. New opportunities in the market, such as the internet of things (IoT) and smart mobile devices, have accelerated the development of wearables since they provide many benefits to users.
In the United Kingdom, wearable sensors are being used in various domains, such as healthcare, sports, and fitness, defense, and travel. These sensors have been used in the military for multiple applications, like heads up displays. In the entertainment industry, these sensors are being adopted in cinemas, gaming, and flight simulator.
The wearable sensors market is helping the augmented reality market in entertainment. Products, like Oculus Rift and Sony HMZ-T3Q, are gaining a lot of popularity among gamers, and the United Kingdom is a prominent gaming market.
The recent COVID-19 pandemic has an impact on the wearable sensors market in the region owing to the rising influence of telemedicine. People are supposed to avoid public gatherings to follow social distancing. This is why doctors are taking the telemedicine route where they can treat patients from a distance without creating a scope for any virus spread. The development of applications to integrate artificial intelligence (AI) in its systems to assist medical personnel, as well as the growth of telemedicine, has encouraged wearable medical devices market growth.
Competitive Landscape
With the entrance of principal players, such as Infineon Technologies UK Ltd, STMicroelectronics Ltd, Panasonic UK Ltd, NXP Semiconductors UK Ltd, and TE Connectivity Ltd, in the wearable device technology market, the requirement for wearable sensors in the consumer electronics sector has increased swiftly in the region.
This growing demand is a result of the strong demand from young customers, enhancing the competition among the current players. Hence, many organizations are continuously unfolding and innovating to match demand.
For instance, Fitbit, one of the significant players in wearable device technology, in the market, is an exceptional example of a growing demand for fitness trackers.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Market Drivers
4.3.1 Increasing Adoption of Wearable Devices for Continuous Monitoring of Vital Signs
4.3.2 High-level of Innovation in Smart Sensor Design 4.4 Market Challenges (Concerns Regarding Security and Highcost)
4.4 Market Restraints
4.4.1 Concerns Regarding Security and High-cost
4.5 PESTLE Analysis
4.6 Impact of COVID-19 on the Wearables industry in the United Kingdom
4.7 Wearable Sensor Landscape Analysis - List of emerging startups and Investor Activity
4.8 Market Opportunities
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Fitness Trackers
5.1.2 Smartwatches
5.1.3 Head-mounted Displays
5.1.4 Body-worn Cameras
5.1.5 Other Types
5.2 By Application Type (Wearable Sensors)
5.2.1 Consumer Electronics
5.2.2 Healthcare
5.2.3 Other Application Types
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Infineon Technologies UK Ltd
6.1.2 STMicroelectronics Ltd
6.1.3 Panasonic UK Ltd.
6.1.4 NXP Semiconductors UK Ltd
6.1.5 TE Connectivity Ltd
6.1.6 Siemens PLC
6.1.7 Texas Instruments UK
6.1.8 Analog Devices International
6.1.9 ABB Ltd.
6.1.10 Ilika PLC
6.1.11 Knowles Precision Devices
6.1.12 dorsaVi Ltd
6.1.13 Maxim Integrated Products UK Ltd
6.1.14 DFRobot (RobotShop)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/syad1m
