IDTechEx analysts say there will be over three billion sensors in wearable technology devices by 2025 – with more than 30% categorized as emerging sensor types.
As a recently published IDTechEx report notes, sensors are the most diverse component type in wearable devices. Perhaps most importantly, they are responsible for enabling key functionality.
“Advances with wearable sensors are a vital driver for the future of wearable technology,” the researchers stated. “Their incorporation alongside new energy harvesting and energy storage techniques, efficient power management systems and low power computing, in form factors that will be increasingly flexible, fashionable and invisible will enable the wearable technology market to reach $70bn by 2025.”
A report published by Transparency Market Research earlier this month was similarly bullish, projecting a $21.60 billon global smart sensor market by 2019.
“Rapidly increasing sales of various types of consumer electronics and automobiles is the major factor driving demand for smart/intelligent sensors,” TMR analysts stated in their report summary. “In present times, smart/intelligent sensors are [already] an important part of smartphones, tablets, PCs, automobiles and medical equipment with advanced features.”
In addition, smart/intelligent sensors offer significant applications in healthcare, automotive design, collision prevention and oil platforms.
“This is due to the compactness and diverse functionality of smart/intelligent sensors in their present form,” adds the report.
In related news, analysts at Persistence Market Research say they expect the nascent touchless sensor market to experience robust growth in the near future.
“This is due to several advantages of touchless sensors over conventional touch based sensing systems. Touchless sensors are cost effective as compared to the touch based sensors and require low maintenance cost,” the analysts explained in a recent Global Industry Analysis and Forecast abstract. “As the system is touch free, wear and tear caused to the sensor system is significantly reduced thereby extending the life of system. [Plus], touchless sensors can be easily installed with the existing hardware and do not incur additional installation costs.”
As expected, touchless sensor systems can also be used for security purposes – especially in areas with restricted access.
“Furthermore, growing demand for sophisticated and contact-free sensing systems is another significant factor boosting the growth of touchless sensors market,” the analysts added. “Unlike conventional touch based sensors, touchless sensors analyze the biometric image to check if it is unmodified. This significantly increases the security against fake entries at access points.”
Interested in learning more about sensors? You can check out our lensless smart sensor (LSS) archive here.