Artificial Intelligence
Wearable Sensors Market – Growth, Trends, COVID-19 Impact, And Forecasts (2023 – 2028)
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New York, March 20, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Wearable Sensors Market – Growth, Trends, COVID-19 Impact, And Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06431212/?utm_source=GNW
Wearable devices with embedded motion sensors are being utilized to enrich the user’s experience in health and fitness by tracking an individual’s physical activities, such as walking, running, and cycling.
Key Highlights
Increasing urbanization, consumer spending on electronic products, and the improving lifestyles of the growing population have raised safety and health awareness among consumers, which, in turn, is also stimulating the rapid growth of wearable devices. Additionally, the ergonomics and affordability offered by advances in miniaturized electronics, the proliferation of connected devices and smartphones, and the increasing need for lighter sensors, more minor components, enhanced performance, and low power are some of the significant factors driving the growth of wearable devices, such as fitness and activity trackers, ear wear, and smartwatches.
With various industries investing significantly in IoT devices, coupled with the declining usage of IoT sensors, a significant increase in the demand for wearable devices across multiple sectors is expected. It is likely to make the market for wearable sensors grow much faster in the near future.
Motion sensors, such as gyroscopes, accelerometers, MEMS, and a combination of these sensors, are the most commonly used type of wearables. Furthermore, health-tracking wearables always integrate motion and MEMS sensors but are not confined to and can also add health-specific sensors, like heart rate monitors, skin temperature sensors, and pulse monitors.
The miniaturization of sensors and sensor components, rising growth in advanced function sensors in smart wearables, improvements in battery sizes, and efficiency are the key drivers driving the wearable motion sensors market.
Wearable sensors are an essential component in wearable devices used by consumers, owing to the increased focus of consumers on tracking real-time motion-sensing activities, such as step counting and walking distance covered, and this generated data analysis provides users with specific results that can be used to define health and fitness goals.
The COVID-19 pandemic positively impacted the wearable sensor market and highlighted the need to harness and leverage the digital infrastructure for remote patient monitoring. As current viral tests and vaccines are slow to emerge, there is a need for more robust disease detection and tracking of individual and population health, which wearable sensors could aid.
Wearable Sensors Market Trends
Healthcare and Fitness Sector Expected to Occupy the Highest Market Share
One of the most significant transformative shifts in the wearable sensor market can often be observed in the healthcare domain. The digitization of services, products, and commerce models democratizes the present healthcare systems by integrating them with the latest and most advanced technologies. The trend is significantly increasing the demand for connected health technologies, such as telehealth, wearables, virtual reality, artificial intelligence, and others, which support targeted well-being services and health.
From tracking air quality through inhaler use to detecting breast cancer with inserts, healthcare wearable devices are used in several applications for therapy or personalized treatment. Lower regulatory hurdles, faster time to market, unmet needs of doctors to continuously obtain medical quality data from their patients, early diagnosis, and some other factors continue to be the primary drivers for the market.
The current market is dominated by large consumer health wearable companies, such as Fitbit, Apple, Samsung, Xiaomi, OnePlus, and several others. There is substantial competition in the market among the major players. One example is the case of Microsoft, a pioneer in the wearable space, which recently reported that it will discontinue its Band fitness tracker.
The increase in demand for wellness monitors and fitness trackers is a crucial factor driving the growth of shipments of wearable sensors globally. Globally, demand for sensor-based devices is increasing as consumers become more aware of the features that these devices provide, such as remote monitoring of wellness and fitness.According to Cisco Systems, North America will have the most 5G connections made using wearable devices in 2022. Together, wearables in North America and Asia are forecasted to account for around 70% of the wearable 5G connections worldwide by 2022.
There have been several advancements in the healthcare sector, such as the introduction of “hearables,”or wireless computing earpieces, and brainwave-reading technology. For instance, continuous glucose monitors (CGMs) are becoming increasingly popular with diabetic patients, who can wear the device at all times to keep an eye on their glucose levels.
North America Expected to Witness Significant Growth
North America has a significant penetration of wearable sensors, as the region is an early adopter of new and advanced technologies. The lucrative wearable sensors market in the region is growing because more people want to use them in fields like healthcare, wearable technology for fitness, and security.
North America’s dominance is mainly due to the push to maintain healthy lifestyles in several countries like the United States and Canada. Furthermore, the increasing demand for wearable devices in the consumer products sector in the region is due to the rising demand for bodywear and wristwear products in the wearables market. Additionally, the increasing developments and latest technological advancements also contribute to the growth of the North American wearable sensor market.
Several big enterprises and various new players in countries like the United States and Canada are investing hugely in sensor technology advancement due to the adoption of different wearable fitness and health tracking devices among people and their growing popularity. With the development of more accurate sensing technologies and the shrinking of sensor technology in wearables by North American original equipment manufacturers, the market is expected to grow even more.
Additionally, the increasing innovations and developments by United States-based companies have significantly contributed to the region’s market, specifically in the US, resulting in the growing usage of wearable devices. In the United States, wearables have risen in popularity among several consumers and are steadily expanding into new industries, including safety monitoring, healthcare, and fitness. For instance, the researchers at Northwestern University generated sticker-like, small wireless biosensors that monitor essential vital signs without needing large equipment and wiring.
Wearable Sensors Market Competitor Analysis
The Wearable Sensors Market comprises several providers, most based in North America, followed by Asia-Pacific, with Europe holding the majority share. With the entrance of key players in the wearable device technology market, the demand for wearable sensors in the health and fitness sector has multiplied rapidly. This rising demand is the result of strong demand from young customers, which increases competition among existing players.Hence, many companies are continuously evolving and innovating to match demand. Some of the major players in the market are STMicroelectronics, Infineon Technologies AG, Texas Instruments Incorporated, Analog Devices Inc., InvenSense Inc., Freescale Semiconductor Inc., Panasonic Corporation, and many more.
September 2022 – OHSU researchers collaborated with Analog Devices on a wearable device for seizure detection. Study participants will wear the watch on their wrist, where multimodal sensors such as an accelerometer, a thermometer, a sensor to measure electrical changes in the skin, and additional biometric sensors will record physiological data in real time. The researchers will determine whether the data from the watch can be correlated to the EEG measurements to definitively determine the presence of focal or bilateral tonic-clonic seizures.
May 2022 – a team of UT Dallas bioengineers, in collaboration with Allen-based EnLiSense, designed the device, which uses an electrochemical biosensor, i.e., the wearable sweat sensor, to detect two critical biomarkers of infection. The sensor could be a significant step toward the early detection of infections like COVID-19 and the flu. The team has developed a wearable sensor that can detect two critical disease biomarkers in passive human sweat. The biomarkers interferon-gamma-inducible protein (IP-10) and tumor necrosis factor-related apoptosis-inducing ligand (TRAIL) can be found with the wearable sweat sensor.
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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — At the 6G Conference held in Istanbul, on September 24, 2024, Dr. Wen Tong, Huawei Wireless CTO, delivered a keynote speech on 6G standardization and innovation. With the release of the ITU-R 6G vision framework, the 3GPP will start 6G standardization in 2025. “6G is a new generation of mobile technology, not a simple upgrade of 5G, it should bring new value to users,” said Dr. Tong, “6G is a true intergenerational technological disruption. 6G standard, key technologies, and network architecture should be re-defined based on application scenarios and requirements from 2030 to 2040. 6G should not be another way to implement 5G. Instead, 6G should embrace the AI revolution with a quantum leap and generate new values for the consumers. In this way, 3GPP standards can truly realize the 6G vision and create greater value for the entire industry.”
Centered “6G Standardization Direction” and “6G Innovation Driving Force”, Dr. Tong shared important views on the future architecture, terminal development, and key technologies of 6G.
In terms of architecture design, 6G should go beyond Service-Based Architecture and move towards Application-Driven Network.
5G has already achieved market success and continues to evolve towards 5G-Advanced. 6G will not simply reuse 5G network architecture, without generational and fundamental innovations, which will limit the mobile industry’s aspiration and imagination to dive the innovation in the 6G era. 6G must have obvious cross-generational characteristics and technical breakpoint.
On the core side, reusing the 5G core network will hinder the innovation in AI. We should use Agentic-AI based technology to re-architect 6G Core that goes beyond 5G Service-Based Architecture and support the foundational capabilities of AI, Sensing and NTN , and thus evolve towards the Application Driven Network .
In terms of terminal evolution, 6G user device calls for a breakthrough to lead the success of the entire industry chain.
It is the law of the mobile industry to drive the evolution of the market with the pioneering technology. The 6G networks and 6G terminals must meet the requirements of consumers and vertical industries in the 6G market phase from 2030 to 2040.
Currently, smartphones are evolving to AI terminals to usher in the mobile AI era. In post-MBB era, breakthroughs in terminal technologies will be the key to the evolution of the mobile industry. Therefore, 6G user device calls for a breakthrough towards “Full-AI”, thus to drive 6G network upgrade and the success of the entire industry ecosystem.
In terms of technology development, AI will become a key enabler for 6G with network paradigm shifting.
Twenty years ago, the Internet was the enabler of the technology innovations. Mobile communications embraced the Internet and achieved great business success. Today, AI maybe the disruptive enabler of the latest technology innovations.
6G should embrace the AI revolution with a quantum leap. However, 6G networks should not be limited to generative AI, Artificial General Intelligence (AGI) and Embodiment-AI are the main directions of future AI development. Therefore, AGI should run through the whole process of sensing, reasoning, decision, and action of terminals, wireless networks, and core networks of 6G, to welcome the arrival of a new network paradigm.
At the end, Dr. Tong Wen emphasized the relationship between 5G and 6G: “The global 5G deployment is on the rise and evolving to 5G-Advanced, which not only meets the current requirements of operators, but also protects their investment. Therefore, 6G technologies should not overlap with 5G in technologies and market space. The specifications, technologies, and architecture of 6G must be based on the scenarios and requirements from 2030 to 2040. We should focus on true generational technology disruption, embrace the new opportunities brought by AI, expand the mobile industry in the next generation.”
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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