Wearable Sensor Industry Worth $2.5 Billion in 2020

The wearable sensor industry will be worth $2.5 billion in 2020, having tripled in size since 2014. This comes despite the significant economic challenges presented by the COVID-19 pandemic, which has caused a reduction in the total revenue this year. However, the industry is expected to progress back to significant growth from 2021, reaching annual revenue of over $8bn per year by 2031. These are the headline findings from the latest IDTechEx report “Wearable Sensors 2021-2031“, which characterizes the entire industry landscape for wearable sensors.Q2 2020 hedge fund letters, conferences and …

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HEDGE accordingly