The smartwatch is a wearable device in the form of a watch which got local touchscreen interface for everyday use, while the related mobile app provides management and telemetry (such as long-term biomonitoring). The smartwatch sensor is a system used to measure properties, such as pressure, location, temperature, or acceleration, and to respond with feedback within the smart watch. Increasing expenditure on consumer electronic goods, increasing urbanization and the improving lifestyles of the growing population have raised the health and safety concerns among people, which in turn, is also stimulating the growth of smartwatches, which is escalating the demand of smartwatch sensors, hence driving the market growth.
The growing concern regarding health and fitness and growing urbanization around the world, and need for low power, smaller lighter sensors and enhanced performance is driving the growth of the smartwatch sensor market. However, the high initial cost may restrain the growth of the smartwatch sensor market. Furthermore, advancements in microelectronics and sensor manufacturing and integration of artificial intelligence with sensors is anticipated to create market opportunities for the smartwatch sensor market during the forecast period.
The List of Companies
1. Analog Devices, Inc. 2. Bosch Sensortec GmbH 3. KIONIX, Inc. 4. mCube 5. MEMSIC Semiconductor (Tianjin) Co., Ltd. 6. NXP Semiconductors 7. Sensirion AG 8. STMicroelectronics 9. TDK Corporation 10. Texas Instruments Incorporated