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New York, June 1, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announced the release of the report “Wearable Temperature Sensor Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)”- https://www.reportlinker.com/p06079787/?utm_source=GNW
The increasing awareness of fitness and health among people of all ages is driving the development of body-worn temperature sensors.
-In addition, the emergence of new advanced wearable devices such as smarter, smaller, and lower-cost sensors, as well as the increasing popularity of artificial intelligence and the Internet of Things, are expected to further ensure the growth of the global wearable sensor market. Throughout the forecast period, returns will create a positive outlook for the wearable temperature sensor market.
-However, the high cost of wearable sensors coupled with privacy issues and data integrity are some of the factors that may hinder the growth of the wearable sensor market during the forecast period.
Main market trends
Significant growth in smart watches
-Wearable temperature sensor products are diverse, from in-ear type to biological stickers that can be attached to the skin, suitable for people of all ages. With the advent of technologies such as advanced patient monitoring systems and portable health monitoring systems, the demand for temperature sensors is rising.
-Due to the characteristics of human comfort, convenience, safety and health monitoring, smart watches have swept the world of wearable technology. Therefore, smart watches are receiving more and more attention due to their easy interaction with the human body, such as monitoring heart rate, wrist pulse, exercise, blood pressure, intraocular pressure and other health-related conditions.
-In addition, real-time monitoring of body temperature is essential to identify unexpected adverse events (such as heart attacks). In addition, temperature monitoring is important when physical activity is directly related to its completion. Therefore, smart watches meet all these requirements and help create a market for smart watches.
-For example, in September 2018, Apple released a new series of Apple Watch 4 series, which helps women track the ovulation cycle by reading the basal body temperature as an indicator of fertility. Integrating these sensors into smartphone applications can allow users to better understand the probability of conception and speed up the probability of conception.
-In addition, Apple is a pioneer in the field of consumer electronics and has the largest market share. Therefore, the above factors are expected to promote Apple’s smart watch industry, thereby contributing to the vigorous development of the wearable temperature sensor market.
The Asia-Pacific region will witness the fastest growth
-Due to the existence of two densely populated countries, China and India, the Asia-Pacific region is expected to witness the fastest growth. In these two countries, the increase in disposable income will complement the growth of the wearable temperature sensor market.
-As the sales of smartphones in the Asia-Pacific region continue to grow, it is clear that mobile phones have become an indispensable part of the lives of many people living here. In addition, technological advancements have been encouraging wearable device manufacturers to come up with innovative ideas, embed sensors in smart watches and use Android and iOS apps to monitor changes. Therefore, the rising trend of smart wearable devices is expected to make these countries the main source of income for the market.
-In addition, cheap products launched in China and India, coupled with the increasing chronic diseases such as obesity and diabetes, are also major factors in the development of this market.
Competitive landscape
The competitive landscape of the wearable temperature sensor market shows market fragmentation. Some of the major global players in this market are Infineon Technologies, Panasonic, Texas Instruments, and STMicroelectronics. Product launches, acquisitions, and partnerships are some of the key strategies adopted by market participants in the wearable sensor industry. Some recent developments are:
-September 2018-Maxim Integrated Products, Inc. launched its Health Sensor Platform 2.0 (HSP 2.0) to create a wearable solution capable of monitoring various health parameters, including electrocardiogram (ECG), heart rate and temperature monitoring. The data collected by HSP 2.0 can be owned by the wearer, alleviating data privacy concerns and allowing users to conduct their own data analysis. The data is stored on the platform for patient evaluation or streamed to a PC for analysis.
Reasons for purchasing this report:
-Market Estimate (ME) table in Excel format
-3 months of analyst support
Read the full report: https://www.reportlinker.com/p06079787/?utm_source=GNW
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