Body area network (BAN), also known as a body sensor network (BSN) or wireless body area network (WBAN) is a network that wirelessly connects the wearable computing devices. The BAN devices are embedded inside the body as implants, these can also be surface-mounted on the body. Decreasing cost of smart devices including fitness tracker, smartwatch, and otherts has aided in fueling the growth of the market.
MARKET DYNAMICS
Factors including the proliferating demand of smart devices for fitness tracking are driving the body area network market. However, factors including rising data security concerns are projected to hinder the growth of the market. Increasing demand from the healthcare sector is anticipated to further supplement the growth of the body area network market.
MARKET SCOPE
The "Global Body Area Network Market Analysis to 2028" is a specialized and in-depth study of the electronics & semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the body area network market with detailed market segmentation by device typr, component, application, and geography. The global body area network market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading body area network market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global body area network market is segmented on the basis of device type, component, and application. Based on device type, the market is segmented into wearable device and implantable device. On the basis of component, the body area network market is segmented into sensor, electromechanical components, communication & interface components, memory modules, display unit, and others. On the basis of application, the body area network market is segmented into medical, fitness & sports, security, and military.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global body area network market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The body area network market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the body area network market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the crowdfunding in these regions.
MARKET PLAYERS
The reports cover key developments in the body area network market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from body area network market are anticipated to lucrative growth opportunities in the future with the rising demand for body area network in the global market. Below mentioned is the list of few companies engaged in the body area network market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the body area network market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ericsson
- Fujitsu Limited
- General Electric
- Huawei
- Intel Corporation
- Laird Connectivity
- LG Electronics
- NXP Semiconductors
- Renesas Electronics Corporation
- ZMT Zurich MedTech AG