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Fall Detection Systems Market will manage to achieve USD 12089.7 million by 2030 : GreyViews

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Pune India, Jan. 27, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the Fall Detection Systems Market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the Fall Detection Systems Market are present across various countries in the above-mentioned regions.

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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as product type, technology, system, end-user, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
The significant players operating in the global fall detection systems market are Tunstall Group, Koninklijike Phlips N.V., Medical Guardian LLC., Connect America, SafeGuardian Medical Alarms & Help Alert Systems, Bay Alarm Medical, LifeFone Medical Alert Services, LifeStation, Inc., ST Engineering, AlertONE Service Inc., Walgreen Company, Semtech Corporation, Rescue Alert, Galaxy Medical Alert Systems, Care Innovations, LLC, and MobileHelp.among others. To achieve a substantial market share in the worldwide industrial safety gloves market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
When a fall detection system detects an accidental fall, emergency services will be notified. Fall detection systems are designed especially for the elderly population. This system consists of two main parts: the wearable gadget, and the smartphone, which sends an alarm when the wearable gadget detects a fall to the mobile phone, which then informs the user’s emergency contacts. According to the World Health Organization, the number of people suffering from dementia is expected to reach 65.7 million by 2030 due to the prevalence of chronic diseases such as dementia, chronic obstructive pulmonary disease, diabetes, Alzheimer’s disease, and others, which is driving the growth of the market. Global fall detection systems market growth is likely to be hindered by the high cost of fall detection systems. Additionally, fall detectors offered by various market players do not provide 100% accurate detection of sliding falls, so high subscription costs may inhibit their adoption in emerging economies, all these factors will hamper the growth of the market during the forecasted period and in the future.

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Scope of Fall Detection Systems Market Report:

Report Metric Information
Study Period 2022-2030
Base Year              2022
Forecast Period 2023-2030
Market Share Unit USD Million
Segments Covered Product Type, Technology, System, End-User, and Regions.
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Major Players Tunstall Group, Koninklijike Phlips N.V., Medical Guardian LLC., Connect America, SafeGuardian Medical Alarms & Help Alert Systems, Bay Alarm Medical, LifeFone Medical Alert Services, LifeStation, Inc., ST Engineering, AlertONE Service Inc., Walgreen Company, Semtech Corporation, Rescue Alert, Galaxy Medical Alert Systems, Care Innovations, LLC, and MobileHelp.among others

Segmentation Analysis

Automatic fall detection is expected to be the fastest-growing segment in 2022. 

The product type segment is divided into automatic fall detection systems and manual fall detection systems. The automatic fall detection segment is expected to witness the highest growth rate during the forecast period. This type of system monitors a person’s daily activities, identifies falls when they occur, and then alerts the career. It consists of several accelerometers and processors that can tell the difference between normal activity and a fall.

Mobile phones are expected to be the fastest-growing segment in 2022. 

The technology segment is divided into GPS systems, mobile phones, and sensors. The mobile phone segment is expected to witness the highest growth rate during the forecast period. Smartphone penetration is expected to drive segment growth. Demand for smartphones and wearable technology is due to easier assistance in case of a fall, and lower medical costs are driving the segment growth.

Wearable systems are expected to be the fastest-growing segment in 2022. 

The system segment is divided into wearable systems, non-wearable systems, in-home landline systems, and in-home cellular systems. The wearable systems segment is expected to witness the highest growth rate during the forecast period. It is preferred to use wearable sensors instead of sound to detect falls during routine activities, some detection systems use either a gyroscope or an accelerometer, while others use both, the rising demand for wearable systems among consumers is boosting the growth of the market.

Hospitals and senior assisted living facilities are expected to be the fastest-growing segment in 2022. 

The end-user segment is divided into home care settings, hospitals and senior assisted living facilities, lone workers, and others. The hospitals and senior assisted living facilities segment is expected to witness the highest growth rate during the forecast period. There aren’t enough staff to take care of senior citizens all the time in hospitals and assisted living facilities, so fall detection systems are an important component of the care of senior citizens. By monitoring their activities and keeping track of their falls and slips, seniors can stay on top of their falls and slips.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the fall detection systems market include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

The North American region witnessed a major share. In the forecast period, the fall detection system market is expected to grow significantly, mainly due to factors such as the growing geriatric population and the growing adoption of wearable technology by consumers. The fall detection system market in the region is also expected to be driven by the rising penetration of smartphones.

Country Analysis

Germany’s fall detection systems market size was valued at USD 421.14 million in 2022 and is expected to reach USD 876.8 million by 2030, at a CAGR of 9.6% from 2023 to 2030.
Artificial intelligence technology is largely responsible for the market’s expansion in China. In addition, global brands are present in the country, contributing a large share of the country’s market growth.

China’s fall detection systems market size was valued at USD 456.2 billion in 2022 and is expected to reach USD 963.7 million by 2030, at a CAGR of 9.8% from 2023 to 2030.
It is expected that the market’s development rate will continue to increase due to consumer preference for healthcare systems and the growing need for equipment quality assessment. R&D capabilities and the increased use of accelerometers and gyroscopes are other key factors influencing market expansion.

India’s fall detection systems market size was valued at USD 350.9 million in 2022 and is expected to reach USD 735.9 million by 2030, at a CAGR of 9.7% from 2023 to 2030.
A major factor driving the fall detection system market is the increasing number of geriatrics in the country. Falls are known as one of the biggest health problems of the elderly, and the injuries that result from falls in elderly people are costly to their families and healthcare systems as a result of which fall detection systems are in demand.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven owing to the rising geriatric populations and rising awareness about the fall detection system’s benefits, propelling the growth of the market across the countries.

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GreyViews
Pune India
Phone: (+44) 162-237-1047
Email: [email protected]

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Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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