This market research report was originally published at the Yole Group’s website. It is reprinted here with the permission of the Yole Group.
A smarter future with wearables at its core
The wearables industry is booming, characterized by rapid growth and diversity. Yole Group releases today the report, Sensors and Actuators for Wearables 2025:
- Market growth: According to Yole Group, the wearables market is projected to reach almost 9 billion sensors & actuators by 2030, with a compound annual growth rate (1) of approximately 9% between 2024 and 2030.
- Key players: Nearly 73% of the sensors and actuators market for wearables (by value) is dominated by 10 companies. Bosch leads the sector with a strong presence in consumer in the consumer market, while Knowles is leading medical applications.
- Milestone year: The year 2024 marked a significant leap in wearable technology with innovations like Samsung’s smart ring, MEMS microspeakers, and function improvements in TWS (2) earbuds.
Additionally, companies such as Meta, Snap, Even Realities, and Xreal have unveiled advanced augmented reality (AR) headsets, creating fresh opportunities for integrating sensors and actuators.
Advancements in artificial intelligence are expected to further accelerate wearable adoption by delivering enhanced insights and functionality without the need for additional hardware. Yole Group continues to track these innovations, offering in-depth analysis of industry trends.
Discover more about the future of wearables at www.yolegroup.com.
ACRONYMS
- CAGR: Compound Annual Growth Rate
- TWS: True Wireless Stereo
