The market for wearable health tracking devices is truly on the rise as these have attracted increased attention from health-conscious consumers. According to IHS iSuppli MEMS and Sensors Service revenue for MEMS sensors in wearable electronics and fitness monitoring is set to climb to $31.0 million this year and then jump 33 percent to $41.3 million in 2014.
“The biggest leap will occur in 2016 when annual revenue rises 50 percent to $91.5 million,” said Marwan Boustany, senior analyst for MEMS & sensors at IHS. “That means the market by then will have expanded by more than a factor of four from $20.8 million in 2011.” Continue reading Health Awareness on the Rise