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UAE Wearable Sensors Market to Hit $3.97M by 2018
February 29, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "UAE Wearable Sensors Market - Growth, Trends & Forecasts (2015-2020)"report to their offering.
The UAE wearable sensors market is expected to increase to $3.97 million by 2018 at a CAGR of 41.86% over the period 2015-2020.
Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate, which is driving the healthcare industry as it enables remote data access. The market is driven due to the rising awareness of health and fitness, where wearable sensors play a vital role.
The falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. Increasing demand across various application sectors such as wearable technology for fitness, healthcare and security is driving the UAE wearable sensors market to grow lucratively.
The rising market of smartphones and tablets is enabling the integration of wearable devices with the smartphones. Wrist wear segment holds the majority of the market share and is anticipated to dominate the market during the forecast period. The Introduction of smart watches from companies like Samsung, Sony and Nike among others has given a boost to this market. UAE accounted for about 34% of the Middle East & Africa market in 2015, mainly due to advancements in sensor technologies in the region.
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