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Optical Pulse Sensor Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR44993
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“The Optical Pulse Sensor Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 1.36 billion and CAGR of 14% by segment Application and Geography during the forecast period 2022 to 2027” 

Furthermore, this report extensively covers market segmentation by application (smart bands, smartwatch, chest straps, and smart clothing) and geography (North America, APAC, Europe, South America, and MEA) The market report also offers information on several market vendors, including Maxime Integrated Products Inc., Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., OSRAM GmbH, ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics NV, Texas Instruments Inc., and Vishay Intertechnology Inc.

Optical Pulse Sensor Market Size

Download Report Sample to Unlock the Smart Room Heater Market Size for the Forecast Period and Other Important Statistics 

Parent Market Analysis

Technavio categorizes the Optical Pulse Sensor Market as a part of the Information technology industry within the Electronic Equipment, Instruments & Components industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year. 

Optical Pulse Sensor Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the smart room heater industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

Key Optical Pulse Sensor Market Driver

One of the key factors driving growth in the optical pulse sensor market is the rising adoption of wearable devices. The smart bands market in APAC is expanding due to the proliferation of low-cost smart bands in this region and a decline in their ASPs. Increasing disposable income and internet penetration are encouraging smart band vendors to tap the growth potential of the market in the region. Vendors are focusing on developing countries to expand their revenue and market base. The ASP of these devices is expected to decline during the forecast period, making them attractive for price-sensitive consumers. Multiple vendors have adopted online and offline channels to enter APAC. Consumers use smartwatches, smart bands, and chest straps to monitor daily fitness and health activities, listen to music, check virtual/3D videos, play virtual games, and access social networking websites such as Facebook, LinkedIn, and Twitter. In the US, the popularity of these devices is the highest among the young population. In 2016, 27% of the population under the age of 25-34 years used activity monitoring devices in the US.

Key Optical Pulse Sensor Market Trend

The increasing popularity of diagnostic wearable devices will be a major challenge for the optical pulse sensor market during the forecast period. Diagnostic wearable medical devices play an important role in monitoring a range of medical conditions such as hypertension, blood glucose levels, heart rate, body temperature, daily activities, and sleep patterns. Advances in some diagnostic wearable medical devices have led to an increased number of individuals using these devices. The integration of information technology in most diagnostic wearable medical devices is increasing, and the automated generation of medical records in digital format (electronic health record) has driven the demand for advanced devices. The rise in the use of diagnostic wearable medical devices for regular personal health monitoring is expected to boost the global optical pulse sensor market. Moreover, with many potential players entering this industry, the competition is gradually increasing. The decline in the prices of smart wearable devices will decline the price of heart rate monitoring devices, which will increase its demand in developing countries such as India and China, where the awareness about these products is high, but the affordability is low. 

Optical Pulse Sensor Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of optical pulse sensor market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Who are the Major Optical Pulse Sensor Market Vendors?

Maxim Integrated Products Inc. - The company offers a wide range of optical pulse sensor such as MAX86141, MAX30100, and MAX30102 this are optical pulse oximeter and heart-rate sensor for wearable health. Under the unified segment, the company designs, develops, manufactures, and markets a broad range of linear and mixed-signal integrated circuits.

The report  on Optical Pulse Sensor Market analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Maxim Integrated Products Inc.
  • Microchip Technology Inc.
  • NXP Semiconductors NV
  • ON Semiconductor Corp.
  • OSRAM GmbH
  • ROHM Co. Ltd.
  • Silicon Laboratories Inc.
  • STMicroelectronics NV
  • Texas Instruments Inc.
  • Vishay Intertechnology Inc.

 

This statistical study of the optical pulse sensor market encompasses successful business strategies deployed by the key vendors. The optical pulse sensor market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. The optical pulse sensor market report contains a comprehensive market knowledge and in-depth vendor landscape add on to an analysis of the key vendors.

Which are the Key Regions for Optical Pulse Sensor Market?

Optical Pulse Sensor Market Share by Geography

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37% of the market’s growth will originate from North America during the forecast period. The US is the key market for optical pulse sensors in North America. Market growth in this region will be slower than the growth of the market in other regions.

The US was the major contributor in North America due to the high affordability and availability of wearable devices. Also, the presence of major end-users such as Fitbit and Apple contribute to the dominant market share of the Americas. This growth is likely to be fueled during the forecast period due to the increased prevalence of heart diseases. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Optical Pulse Sensor Market?

Optical Pulse Sensor Market Share

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The optical pulse sensor market share growth by the smart bands segment will be significant during the forecast period. The smart bands segment is dominating because of the significant number of global shipments of smart bands due to their health monitoring capabilities, and they are inexpensive. However, the revenue share from this segment will decline by the end of the forecast period. As smart clothing offers similar and accurate functions when compared with smartwatches, the growth of the smart clothing segment will result in the cannibalization of the smart bands segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the optical pulse sensor market size and actionable market insights on post-COVID-19 impact on each segment.

 

Optical Pulse Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 14%

Market growth 2020-2024

$ 1.36 billion

Market structure

Concentrated

YoY growth (%)

11.20

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, South Korea (Republic of Korea), China, Germany, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Maxim Integrated Products Inc., Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., OSRAM GmbH, ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics NV, Texas Instruments Inc., and Vishay Intertechnology Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Optical Pulse Sensor Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive optical pulse sensor market growth during the next five years
  • Precise estimation of the optical pulse sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the optical pulse sensor industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of optical pulse sensor market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Smart bands - Market size and forecast 2019-2024
    • Smartwatch - Market size and forecast 2019-2024
    • Chest straps - Market size and forecast 2019-2024
    • Smart clothing - Market size and forecast 2019-2024
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Maxim Integrated Products Inc.
      • Microchip Technology Inc.
      • NXP Semiconductors NV
      • ON Semiconductor Corp.
      • OSRAM GmbH
      • ROHM Co. Ltd.
      • Silicon Laboratories Inc.
      • STMicroelectronics NV
      • Texas Instruments Inc.
      • Vishay Intertechnology Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Optical Pulse Sensor market growth will increase by $1357.17 million during 2019-2024.
      The optical pulse sensor market is expected to grow at a CAGR of 13.50% during 2019-2024.
      Technavio has segmented the optical pulse sensor market by application (Smart bands, Smartwatch, Chest straps, and Smart clothing) and geographic (North America, APAC, Europe, South America, and MEA).
      Maxim Integrated Products Inc., Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., OSRAM GmbH, ROHM Co. Ltd., Silicon Laboratories Inc., STMicroelectronics NV, Texas Instruments Inc., Vishay Intertechnology Inc. are a few of the key vendors in the optical pulse sensor market.
      North America will register the highest growth rate of 36.71% among the other regions. Therefore, the optical pulse sensor market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • South Korea (Republic of Korea)
      • China
      • Germany
      • Japan
      The key factors driving the optical pulse sensor market growth are:
      • Rising adoption of wearable devices
      The optical pulse sensor market vendors should focus on grabbing business opportunities from the smart bands segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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