Selected research
Market Structure
Global Wearable Motion Sensors Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
The global Wearable Motion Sensors market is projected to grow from US$ million in 2026 to US$ million by 2032, implying a CAGR of % over 2026-2032.
The US & Canada market for Wearable Motion Sensors is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The Europe market for Wearable Motion Sensors is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Wearable Motion Sensors is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The China market for Wearable Motion Sensors is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Wearable Motion Sensors include Emupro, National Instruments, Texas Instruments Incorporated, Infineon, NXP Semiconductors, Bosch Sensortec, Panasonic Industry, Samsung and STMicroelectronics, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
On the production side, the report examines Wearable Motion Sensors output, growth rates, and market shares by manufacturer and by region (at regional and country level) for 2021-2026, with forecasts through 2032.
On the consumption side, the report analyzes sales of Wearable Motion Sensors by region (regional and country level), company, type, and application for 2021-2026 and provides forecasts through 2032.
The report provides an overview of the global Wearable Motion Sensors market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Wearable Motion Sensors and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Wearable Motion Sensors sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Wearable Motion Sensors market size, projected growth trends, production technologies, key applications, and end-use industries.
Wearable Motion Sensors Segment by Company
Emupro
National Instruments
Texas Instruments Incorporated
Infineon
NXP Semiconductors
Bosch Sensortec
Panasonic Industry
Samsung
STMicroelectronics
Garmin
Broadcom
Flex Logix Technologies
Xilinx
Intel
Microchip Technology
Lattice Semiconductor
Quicklogic
TSMC
S2C
United Microelectronics
Cypress Semiconductor
Achronix
Globalfoundries
Celerix Technologies
Wearable Motion Sensors Segment by Type
Accelerometers
Gyroscopes
Magnetic
Others
Wearable Motion Sensors Segment by Application
Smart Watches
Smart Bands
Smart Clothing
Smart Glasses
Wearable Motion Sensors Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Wearable Motion Sensors market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Wearable Motion Sensors and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Wearable Motion Sensors.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Wearable Motion Sensors market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Wearable Motion Sensors industry.
Chapter 3: Detailed analysis of Wearable Motion Sensors market competition landscape. Including Wearable Motion Sensors manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Wearable Motion Sensors by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Wearable Motion Sensors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Accelerometers
- Gyroscopes
- Magnetic
- Others
Applications
- Smart Watches
- Smart Bands
- Smart Clothing
- Smart Glasses
Companies covered
- Emupro
- National Instruments
- Texas Instruments Incorporated
- Infineon
- NXP Semiconductors
- Bosch Sensortec
- Panasonic Industry
- Samsung
- STMicroelectronics
- Garmin
- Broadcom
- Flex Logix Technologies
- Xilinx
- Intel
- Microchip Technology
- Lattice Semiconductor
- Quicklogic
- TSMC
- S2C
- United Microelectronics
- Cypress Semiconductor
- Achronix
- Globalfoundries
- Celerix Technologies
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Wearable Motion Sensors Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Wearable Motion Sensors Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Wearable Motion Sensors Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Wearable Motion Sensors Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Wearable Motion Sensors Market Dynamics
- 2.1 Wearable Motion Sensors Industry Trends
- 2.2 Wearable Motion Sensors Industry Drivers
- 2.3 Wearable Motion Sensors Industry Opportunities and Challenges
- 2.4 Wearable Motion Sensors Industry Restraints
3 Wearable Motion Sensors Market by Manufacturers
- 3.1 Global Wearable Motion Sensors Production Value by Manufacturers (2021-2026)
- 3.2 Global Wearable Motion Sensors Production by Manufacturers (2021-2026)
- 3.3 Global Wearable Motion Sensors Average Price by Manufacturers (2021-2026)
- 3.4 Global Wearable Motion Sensors Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Wearable Motion Sensors Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Wearable Motion Sensors Manufacturers, Product Type & Application
- 3.7 Global Wearable Motion Sensors Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Wearable Motion Sensors Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Wearable Motion Sensors Players Market Share by Production Value in 2025
- 3.8.3 2025 Wearable Motion Sensors Tier 1, Tier 2, and Tier 3
4 Wearable Motion Sensors Market by Type
- 4.1 Wearable Motion Sensors Type Introduction
- 4.1.1 Accelerometers
- 4.1.2 Gyroscopes
- 4.1.3 Magnetic
- 4.1.4 Others
- 4.2 Global Wearable Motion Sensors Production by Type
- 4.2.1 Global Wearable Motion Sensors Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Wearable Motion Sensors Production by Type (2021-2032)
- 4.2.3 Global Wearable Motion Sensors Production Market Share by Type (2021-2032)
- 4.3 Global Wearable Motion Sensors Production Value by Type
- 4.3.1 Global Wearable Motion Sensors Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Wearable Motion Sensors Production Value by Type (2021-2032)
- 4.3.3 Global Wearable Motion Sensors Production Value Market Share by Type (2021-2032)
5 Wearable Motion Sensors Market by Application
- 5.1 Wearable Motion Sensors Application Introduction
- 5.1.1 Smart Watches
- 5.1.2 Smart Bands
- 5.1.3 Smart Clothing
- 5.1.4 Smart Glasses
- 5.2 Global Wearable Motion Sensors Production by Application
- 5.2.1 Global Wearable Motion Sensors Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Wearable Motion Sensors Production by Application (2021-2032)
- 5.2.3 Global Wearable Motion Sensors Production Market Share by Application (2021-2032)
- 5.3 Global Wearable Motion Sensors Production Value by Application
- 5.3.1 Global Wearable Motion Sensors Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Wearable Motion Sensors Production Value by Application (2021-2032)
- 5.3.3 Global Wearable Motion Sensors Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 Emupro
- 6.1.1 Emupro Company Information
- 6.1.2 Emupro Business Overview
- 6.1.3 Emupro Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.1.4 Emupro Wearable Motion Sensors Product Portfolio
- 6.1.5 Emupro Recent Developments
- 6.2 National Instruments
- 6.2.1 National Instruments Company Information
- 6.2.2 National Instruments Business Overview
- 6.2.3 National Instruments Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.2.4 National Instruments Wearable Motion Sensors Product Portfolio
- 6.2.5 National Instruments Recent Developments
- 6.3 Texas Instruments Incorporated
- 6.3.1 Texas Instruments Incorporated Company Information
- 6.3.2 Texas Instruments Incorporated Business Overview
- 6.3.3 Texas Instruments Incorporated Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.3.4 Texas Instruments Incorporated Wearable Motion Sensors Product Portfolio
- 6.3.5 Texas Instruments Incorporated Recent Developments
- 6.4 Infineon
- 6.4.1 Infineon Company Information
- 6.4.2 Infineon Business Overview
- 6.4.3 Infineon Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.4.4 Infineon Wearable Motion Sensors Product Portfolio
- 6.4.5 Infineon Recent Developments
- 6.5 NXP Semiconductors
- 6.5.1 NXP Semiconductors Company Information
- 6.5.2 NXP Semiconductors Business Overview
- 6.5.3 NXP Semiconductors Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.5.4 NXP Semiconductors Wearable Motion Sensors Product Portfolio
- 6.5.5 NXP Semiconductors Recent Developments
- 6.6 Bosch Sensortec
- 6.6.1 Bosch Sensortec Company Information
- 6.6.2 Bosch Sensortec Business Overview
- 6.6.3 Bosch Sensortec Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.6.4 Bosch Sensortec Wearable Motion Sensors Product Portfolio
- 6.6.5 Bosch Sensortec Recent Developments
- 6.7 Panasonic Industry
- 6.7.1 Panasonic Industry Company Information
- 6.7.2 Panasonic Industry Business Overview
- 6.7.3 Panasonic Industry Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.7.4 Panasonic Industry Wearable Motion Sensors Product Portfolio
- 6.7.5 Panasonic Industry Recent Developments
- 6.8 Samsung
- 6.8.1 Samsung Company Information
- 6.8.2 Samsung Business Overview
- 6.8.3 Samsung Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.8.4 Samsung Wearable Motion Sensors Product Portfolio
- 6.8.5 Samsung Recent Developments
- 6.9 STMicroelectronics
- 6.9.1 STMicroelectronics Company Information
- 6.9.2 STMicroelectronics Business Overview
- 6.9.3 STMicroelectronics Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.9.4 STMicroelectronics Wearable Motion Sensors Product Portfolio
- 6.9.5 STMicroelectronics Recent Developments
- 6.10 Garmin
- 6.10.1 Garmin Company Information
- 6.10.2 Garmin Business Overview
- 6.10.3 Garmin Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.10.4 Garmin Wearable Motion Sensors Product Portfolio
- 6.10.5 Garmin Recent Developments
- 6.11 Broadcom
- 6.11.1 Broadcom Company Information
- 6.11.2 Broadcom Business Overview
- 6.11.3 Broadcom Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.11.4 Broadcom Wearable Motion Sensors Product Portfolio
- 6.11.5 Broadcom Recent Developments
- 6.12 Flex Logix Technologies
- 6.12.1 Flex Logix Technologies Company Information
- 6.12.2 Flex Logix Technologies Business Overview
- 6.12.3 Flex Logix Technologies Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.12.4 Flex Logix Technologies Wearable Motion Sensors Product Portfolio
- 6.12.5 Flex Logix Technologies Recent Developments
- 6.13 Xilinx
- 6.13.1 Xilinx Company Information
- 6.13.2 Xilinx Business Overview
- 6.13.3 Xilinx Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.13.4 Xilinx Wearable Motion Sensors Product Portfolio
- 6.13.5 Xilinx Recent Developments
- 6.14 Intel
- 6.14.1 Intel Company Information
- 6.14.2 Intel Business Overview
- 6.14.3 Intel Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.14.4 Intel Wearable Motion Sensors Product Portfolio
- 6.14.5 Intel Recent Developments
- 6.15 Microchip Technology
- 6.15.1 Microchip Technology Company Information
- 6.15.2 Microchip Technology Business Overview
- 6.15.3 Microchip Technology Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.15.4 Microchip Technology Wearable Motion Sensors Product Portfolio
- 6.15.5 Microchip Technology Recent Developments
- 6.16 Lattice Semiconductor
- 6.16.1 Lattice Semiconductor Company Information
- 6.16.2 Lattice Semiconductor Business Overview
- 6.16.3 Lattice Semiconductor Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.16.4 Lattice Semiconductor Wearable Motion Sensors Product Portfolio
- 6.16.5 Lattice Semiconductor Recent Developments
- 6.17 Quicklogic
- 6.17.1 Quicklogic Company Information
- 6.17.2 Quicklogic Business Overview
- 6.17.3 Quicklogic Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.17.4 Quicklogic Wearable Motion Sensors Product Portfolio
- 6.17.5 Quicklogic Recent Developments
- 6.18 TSMC
- 6.18.1 TSMC Company Information
- 6.18.2 TSMC Business Overview
- 6.18.3 TSMC Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.18.4 TSMC Wearable Motion Sensors Product Portfolio
- 6.18.5 TSMC Recent Developments
- 6.19 S2C
- 6.19.1 S2C Company Information
- 6.19.2 S2C Business Overview
- 6.19.3 S2C Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.19.4 S2C Wearable Motion Sensors Product Portfolio
- 6.19.5 S2C Recent Developments
- 6.20 United Microelectronics
- 6.20.1 United Microelectronics Company Information
- 6.20.2 United Microelectronics Business Overview
- 6.20.3 United Microelectronics Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.20.4 United Microelectronics Wearable Motion Sensors Product Portfolio
- 6.20.5 United Microelectronics Recent Developments
- 6.21 Cypress Semiconductor
- 6.21.1 Cypress Semiconductor Company Information
- 6.21.2 Cypress Semiconductor Business Overview
- 6.21.3 Cypress Semiconductor Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.21.4 Cypress Semiconductor Wearable Motion Sensors Product Portfolio
- 6.21.5 Cypress Semiconductor Recent Developments
- 6.22 Achronix
- 6.22.1 Achronix Company Information
- 6.22.2 Achronix Business Overview
- 6.22.3 Achronix Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.22.4 Achronix Wearable Motion Sensors Product Portfolio
- 6.22.5 Achronix Recent Developments
- 6.23 Globalfoundries
- 6.23.1 Globalfoundries Company Information
- 6.23.2 Globalfoundries Business Overview
- 6.23.3 Globalfoundries Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.23.4 Globalfoundries Wearable Motion Sensors Product Portfolio
- 6.23.5 Globalfoundries Recent Developments
- 6.24 Celerix Technologies
- 6.24.1 Celerix Technologies Company Information
- 6.24.2 Celerix Technologies Business Overview
- 6.24.3 Celerix Technologies Wearable Motion Sensors Production, Value and Gross Margin (2021-2026)
- 6.24.4 Celerix Technologies Wearable Motion Sensors Product Portfolio
- 6.24.5 Celerix Technologies Recent Developments
7 Global Wearable Motion Sensors Production by Region
- 7.1 Global Wearable Motion Sensors Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Wearable Motion Sensors Production by Region (2021-2032)
- 7.2.1 Global Wearable Motion Sensors Production by Region (2021-2026)
- 7.2.2 Global Wearable Motion Sensors Production Forecast by Region (2027-2032)
- 7.3 Global Wearable Motion Sensors Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Wearable Motion Sensors Production Value by Region (2021-2032)
- 7.4.1 Global Wearable Motion Sensors Production Value by Region (2021-2026)
- 7.4.2 Global Wearable Motion Sensors Production Value by Region (2027-2032)
- 7.5 Global Wearable Motion Sensors Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Wearable Motion Sensors Production Value (2021-2032)
- 7.6.2 Europe Wearable Motion Sensors Production Value (2021-2032)
- 7.6.3 Asia-Pacific Wearable Motion Sensors Production Value (2021-2032)
- 7.6.4 South America Wearable Motion Sensors Production Value (2021-2032)
- 7.6.5 Middle East & Africa Wearable Motion Sensors Production Value (2021-2032)
8 Global Wearable Motion Sensors Consumption by Region
- 8.1 Global Wearable Motion Sensors Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Wearable Motion Sensors Consumption by Region (2021-2032)
- 8.2.1 Global Wearable Motion Sensors Consumption by Region (2021-2026)
- 8.2.2 Global Wearable Motion Sensors Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Wearable Motion Sensors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Wearable Motion Sensors Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Wearable Motion Sensors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Wearable Motion Sensors Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Wearable Motion Sensors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Wearable Motion Sensors Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Wearable Motion Sensors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Wearable Motion Sensors Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Wearable Motion Sensors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Wearable Motion Sensors Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Wearable Motion Sensors Value Chain Analysis
- 9.1.1 Wearable Motion Sensors Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Wearable Motion Sensors Production Mode & Process
- 9.2 Wearable Motion Sensors Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Wearable Motion Sensors Distributors
- 9.2.3 Wearable Motion Sensors Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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