SandlerResearch.org includes Global Motion Sensor Market for Wearables 2016-2020 a new research report. With the rising demand for smart wearable fitness devices, different vendors across the supply chain are making strategic partnerships to support and boost the development of wearable device technology. These strategic partnerships enable both wearable device manufacturers and motion sensor vendors to derive maximum benefit out of this growing market.
Complete report on motion sensor market for wearables spread across 56 pages, analyzing 6 major companies and provides 27 data exhibits is now available at http://www.sandlerresearch.org/global-motion-sensor-market-for-wearables-2016-2020.html
The analysts forecast the global motion sensor market for wearables to grow at a CAGR of 26.46% during the period 2016-2020. The MEMS packaging industry is constantly evolving. The need to reduce packaging size and integrate nine-axis sensors in a single package has increased. Also, it is very important for vendors to achieve standardization in packaging because of the increase in unit shipments of MEMS sensors. Although it is difficult to achieve because of rapid advances in technology in consumer electronic devices, certain vendors are trying to achieve standardization in packaging materials for various sensors.
In this market research report, analysts have estimated the smart watches segment to be the largest market segment during the forecast period and accounted more than 57% of the market share during 2015. The introduction of low-cost smart watches, such as Asus ZenWatch 2, along with the rise in adoption of smart bands will result in this market segment’s impressive growth by 2020.
Order a copy of Global Motion Sensor Market for Wearables 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=53022 .
During 2015, the Americas dominated the motion sensors for wearables market and is anticipated to retain its dominating hold over the market during the predicted period. The presence of large vendors like Apple, Fitbit, and Pebble in this region will also aid in the growth of this market in the Americas by the end of the forecast period. The market share for motion sensors for wearables will surpass 61% by the end of 2020.
The motion sensor market for wearables is still in the nascent stage and is dominated by a few large vendors. This competition will also bring about significant technological changes, as all the big vendors are investing in R&D to differentiate their products.
Key players Global Motion Sensor Market for Wearables are Bosch Sensortec, Freescale Semiconductor (acquired by NXP in December 2015), InvenSense, Kionix, MEMSIC, and STMicroelectronics.
Further, the report states that low awareness of potential uses of wearable devices is hindering the market growth.
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