Wearable Sensor Market is set to experience revolutionary growth by 2028

 

In the previous five years, Internet penetration has expanded significantly, and one-third of the worldwide population now utilizes the Internet at higher bandwidths. As a result, the number of Internet-enabled smart devices in emerging countries has surged. Smartphones are one of the most popular portable electronics. The wearable ecosystem is largely used to collect and track health and fitness data for children aged 0 to 9 and adults aged 60 and up. According to Cisco, 6.3 billion individuals and 500 million devices were linked to the Internet in 2003, and the number is expected to reach 6.58 billion devices by 2020 as customers' interest shifts to smart gadgets.

More expenditure on consumer electronics, increased urbanization, and improved lifestyles of the growing population have enhanced health and safety consciousness among individuals, which is encouraging the rise of wearable gadgets. Affordability and ergonomics provided by advances in miniaturized electronics, the proliferation of smartphones and connected devices, and the increasing need for low power, smaller, lighter sensors, and enhanced performance are also factors driving the growth of wearable devices such as Fitbit, ear wears, and smart watches.

With numerous industries investing heavily in IoT devices and IoT sensor usage dropping, a considerable increase in demand for wearable devices across multiple sectors is projected. This is predicted to greatly drive wearable sensor market growth in the near future.

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