The global body worn temperature sensors market provides security solutions and reliability across varied sectors owing to technological advancements and design-based innovations. Body-worn temperature sensors have gained popularity as the technology enables remote patient monitoring. Further, effective monitoring and measurement of bodily activities such as heart rate, pulse rate, and body temperature are expected to drive the global body-worn temperature sensors market growth. Physiological monitoring helps in diagnosing and examining ongoing treatment of numerous individuals with neurological, cardiovascular, and pulmonary disorders. Additionally, home-based motion solutions ease individual’s independence act as a key factor driving the body-worn temperature market demand. Additionally, other factors that drive the market include growing health-consciousness among informed individuals covering all age groups. Additionally, surging demand across diverse range of applications such as mechanical, clinical, and infotainment is expected to significantly drive the global market over the forecast period.
Escalating demand for wearable technology across varied application areas is also expected to drive market growth. Growing concern regarding chronic diseases coupled with the increasing market penetration in the healthcare segment is also expected to favorably impact the body worn temperature sensors market growth. Body worn temperature sensors yield opportunities in other application areas such as manufacturing and fitness & wellness, further stimulating market demand. These temperature sensors are more compact and portable in nature owing to which the market is expected to gain prominence over the next few years.
The market already possesses body-worn sensors such as Jawbone UP and Nike’s Fuel+ wrist band. Further, technological advancements in body-worn sensors are expected to yield “hearables”, owing to which notifications and data can be heard instead of reading them. Body worn temperature sensors market caters to industries such as infotainment, fitness & wellness, clinical setting, healthcare and medical, industrial, and military. Surging demand across the aforementioned application areas is expected drive the global body-worn temperature sensors market over the forecast period. Particularly, in medical industry, there may be high demand for applications such as ambulatory/surgical, PACU, inpatient, ED, LTC, dialysis, and continuous glucose, temperature, and BP monitoring. However, high price of the sensors and gradual acceptance of these products are the major factors inhibiting the global market growth.
North America is expected to exhibit high penetration closely followed by Europe owing to early adoption of new technology. Further, North America is expected to maintain regional dominance due to high adoption of smart watches, fitness bands, and wearable medical monitoring devices. Asia Pacific is also anticipated to be a niche market for body-worn wearable sensors over the forecast period. The key market participants include Texas Instruments, Inc., Analog Devices, Measurement Specialties, Maxim Integrated Products Inc., and STMicroelectronics N.V. These key players focus on analog and embedded processing as a part of their business strategy.
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The recent COVID-19 pandemic that has been ravaging numerous countries across the globe has adversely affected the overall sensor, control, and automation industry. While the capital investments in the automation sector have been lethargic before the pandemic, they are expected to be put on hold or postponed for at least a year. However, the recent standstill in industrial manufacturing and production is anticipated to act as a wake-up call for the manufacturing sector on its reliance on human labor. This, in turn, is expected to highlight the advantages of robotics and automation helping a greater adoption in the post-pandemic period. As IoT, industrial automation, and digitalization are expected to become increasingly relevant to post-pandemic Tier 1 manufacturers, it may eventually turn into an opportunity especially in evolving supply chains. The report will account for Covid19 as a key market contributor.