As an integral part of the Internet of Things (IoT), Yole Développement analysts estimate that the wearable industry will reach 295M 
units by 2020, with a market value of $95B. Driven by consumer, healthcare, and industrial market requirements, the market research firm sees a transition occurring in the healthcare segment from bulky devices that target a single sensing purpose, such as hearing aids or blood pressure monitors, to smart devices that provide highly accurate, highly reliable tracking of biological signs in a non-invasive fashion and slowly merge healthcare with consumer convenience.
In contrast to these two rapidly growing segments, the industrial market may not start to experience significant growth until 2020.
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Filed Under: Sensor Tips
