Nov 28 2014
Research and Markets has announced the addition of the "Wearable Electronics Enabled by Sensors " report to their offering.
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.
Key Findings
- Sensor innovation (smarter, smaller, cheaper, lighter, and less power-hungry sensors, yet with more features) and ubiquitous connectivity have created favorable opportunities for the emergence of new industry sectors; wearable electronics, or wearables, is one such industry. Therefore, companies irrespective of their size and core profile (from Google to Intel) are shrewdly using simple sensors to do powerful things.
- The continued improvement in sensors' accuracy and sensitivity, and the addition of new capabilities will enable wearable devices to incorporate more complex electronics and sensors.
- The wearables market is witnessing a series of new product launches, such as smart watches, fabrics, and glasses, and the market as a whole is witnessing partnerships, acquisitions, mergers, convergence, and collaboration across the value chain.
- Innovations are expected to make wearable electronics better in terms of connectivity, use of data, and ultimately make them smarter than ever. Wearable devices need to work harmoniously as they are worn on the body, in addition to being light, comfortable, unobtrusive, and attractive.
- Wearable electronics will create opportunities for brand manufacturers, sensor platforms, and software and component suppliers alike.
- The long-term prospect of wearable electronics is exciting and holds promises of a brighter future.
Source: http://www.researchandmarkets.com/