Report Id: SEWDM717
Wearable Devices Market By Product Analysis (Wrist-wear, Foot-wear, Eye-wear, Body-wear, Neck-wear); By Application Analysis (Fitness and sports, Infotainment, Healthcare, Defense, Enterprise and industrial) and By Regional Analysis – Global Forecast by 2022 - 2027
The Global Wearable Devices Market is expected to be around US$ 111 Billion by 2027 at a CAGR of 16.43% in the given forecast period.
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Major Players
- Apple Inc
- Nike, Inc
- Adidas AG
- Garmin
- Fitbit
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
16
REPORT DESCRIPTION
Wearable devices are electronic or computer technology aided devices or products. Which are embedded into object of accessories and clothing which comfortably we can wear on the body. This wearable device will achieve many of the similar computer tasks like laptop, computers and mobile phones. Wearable devices have a tendency to be more sophisticated than hand held equipment. The future development of the wearable innovation market is required to be driven by consumer preference for modern devices, expanding development prospects of cutting edge displays in wearable devices, and developing popularity of Internet of Things (IoT) and associated devices. Examples of wearable devices are caps, beanies, headbands, smart fabrics, glasses, watches jewelry such as rings, bracelets and hearing aid.
How Big is The Global Wearable Devices Market?
The Global Wearable Devices Market is expected to be around US$ 111 Billion by 2027 at a CAGR of 16.43% in the given forecast period.
The major driving factors of Global Wearable Devices Market are as follows:
- Customer preference for sophisticated devices
- Increasing popularity of internet of things (IoT) and related devices
- Reception of Wearables in Multiple Application Areas
- Invest heavily in R&D to devise optimum solutions
- Growth in technological features and advancements
The restraining factors of Global Wearable Devices Market are as follows:
- Shorter life phase of the user electronics sector
- Consumer electronics sector is having shorter life cycle
- Battery life is limited and initial costs are high
- Vulnerability of Healthcare Information and Unaddressed Regulatory Issues
The Global Wearable Devices Market is segmented on the lines of its product, application and regional. Based on product segmentation it covers wrist wear, foot wear, eye wear, body wear, neck wear and others. Under application segmentation it contains fitness and sports, infotainment, healthcare, defense, enterprise and industrial. The Global Wearable Devices Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for Wearable Devices and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for Global Wearable Devices Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for Global Wearable Devices Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Global Wearable Devices Market has been segmented as below:
By Product Analysis
- Wrist-wear
- Foot-wear
- Eye-wear
- Body-wear
- Neck-wear
- Others
By Application Analysis
- Fitness and sports
- Infotainment
- Healthcare
- Defense
- Enterprise and industrial
By Regional Analysis
- North America
- Europe
- Asia-Pacific
- Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all GlobalWearable Devices Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of GlobalWearable Devices Marketdata.
4) Assess your competitor’s refining portfolio and its evolution.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand Side
2.2.2.1 Growth of Smartphones and Mobile Payments
2.2.2.2 Increasing Demand of Wearable Devices in Healthcare Because of the Increase in the Aging Population
2.2.3 Supply Side
2.2.3.1 Continuous Innovation in Technology
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Wearable Technology Market Opportunities
4.2 Geographical Snapshot of the Wearable Technology Market
4.3 Wearable Technology Market, By Consumer Electronics Application, 2018–2024 (USD Million)
4.4 Wearable Technology Market for Wristwear, By Product, 2018 vs 2024 (USD Billion)
4.5 Wearable Technology Market, By Application
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Wearable Technology Market, By Type
5.2.2 Wearable Technology Market, By Product
5.2.3 Wearable Technology Market, By Technology
5.2.4 Wearable Technology Market, By Component
5.2.5 Wearable Technology Software and Services
5.2.6 Wearable Technology Market, By Application
5.2.7 Wearable Technology Market, By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Consumer Preference for Sophisticated Gadgets
5.3.1.2 Increasing Growth Prospects of Next-Generation Displays in Wearable Devices
5.3.1.3 Growing Popularity of Internet of Things and Connected Devices
5.3.2 Restraints
5.3.2.1 Shorter Life Cycle of the Consumer Electronics Sector
5.3.3 Opportunities
5.3.3.1 Adoption of Wearables in Multiple Application Areas
5.3.3.2 Multi-Featured and Hybrid Application Mobile Devices
5.3.4 Challenges
5.3.4.1 High Initial Costs and Limited Battery Life
5.3.4.2 Unaddressed Regulatory Issues & Vulnerability of Healthcare Information
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.2.1 Core Industry Segment
6.2.2 Supporting Industry Segment
6.3 Value Chain Analysis
6.4 Porter’s Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threat of Substitutes
6.4.3 Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
6.4.5 Intensity of Competitive Rivalry
7 Wearable Technology Market, By Type
7.1 Introduction
7.2 Wearable Smart Textile
7.2.1 Wearable Smart Textile Market, By Type
7.2.1.1 Active Smart Textiles
7.2.1.2 Passive Smart Textiles
7.2.1.3 Ultra-Smart Textiles
7.2.2 Wearable Smart Textiles Market, By Function
7.2.2.1 Sensing
7.2.2.2 Energy Harvesting
7.2.2.3 Luminescence & Aesthetics
7.2.2.4 Thermoelectricity
7.2.2.5 Others
7.3 Wearable Products & Devices (Non-Textiles)
8 Wearable Technology Market, By Product
8.1 Introduction
8.2 Wristwear
8.2.1 Smartwatches
8.2.2 Wristbands
8.3 Headwear & Eyewear
8.3.1 Augmented Reality Headsets
8.3.2 Virtual Reality Headsets
8.3.3 Others
8.4 Footwear
8.4.1 Casual Footwear
8.4.2 Special-Purpose Footwear
8.5 Neckwear
8.5.1 Fashion and Jewelry
8.5.2 Ties and Collars
8.6 Bodywear
8.6.1 Inner Wear
8.6.2 Fashion & Apparel
8.6.3 Armwear & Legwear
8.7 Other Wearable Technologies
8.7.1 Ring Scanners
8.7.2 Bodyworn Cameras
8.7.3 Internables/Implantables
9 Wearable Technology Market, By Technology
9.1 Introduction
9.2 Computing Technology
9.3 Display Technology
9.4 Networking Technology
9.5 Positioning Technology
9.6 Sensor Technology
10 Wearable Technology Market, By Component
10.1 Introduction
10.2 Power Supply Components
10.3 Positioning and Networking Components
10.4 Sensing Components
10.5 Control Components
10.6 Display and Optoelectronic Components
10.7 Memory Components
10.8 Interface Components
11 Software and Services Used in Wearable Technology
11.1 Introduction
11.2 Software
11.2.1 Operating System (OS)
11.2.1.1 Watchos
11.2.1.2 Android
11.2.1.3 Android Wear OS
11.2.1.4 Real-Time Operating System (RTOS)
11.2.1.5 Tizen
11.2.1.6 Linux
11.2.1.7 Pebble OS
11.2.1.8 Others
11.2.2 Security Solutions
11.2.2.1 By Security Type
11.2.2.1.1 Network Security
11.2.2.1.2 Cloud Security
11.2.2.1.3 Wireless Security
11.2.2.1.4 Application Security
11.2.2.2 By Solution Type
11.2.2.2.1 Role-Based Access Control (RBAC)
11.2.2.2.1.1 Mandatory Access Control (MAC)
11.2.2.2.1.2 Discretionary Access Control (DAC)
11.2.2.2.2 Risk & Vulnerability Management
11.2.2.2.3 Distributed Denial of Service (Ddos) Mitigation
11.2.2.2.4 Intrusion Detection and Intrusion Prevention System
11.2.3 Apps (Applications)
11.3 Services
11.3.1 Cloud & Data Analytics
11.3.2 Others
12 Wearable Technology Market, By Application
12.1 Introduction
12.2 Consumer Electronics
12.2.1 Fitness & Sports
12.2.2 Infotainment & Multimedia
12.2.3 Garments & Fashion
12.2.4 Multifunction
12.3 Healthcare
12.3.1 Clinical Applications
12.3.2 Nonclinical Applications
12.4 Enterprise & Industrial Application
12.4.1 Logistics, Packaging, & Warehouse
12.4.2 Other Industrial Applications
12.5 Other Applications
13 Geographic Analysis
13.1 Introduction
13.2 Americas
13.2.1 U.S.
13.2.2 Canada
13.2.3 Mexico
13.2.4 Others
13.3 Europe
13.3.1 Germany
13.3.2 U.K.
13.3.3 France
13.3.4 Others
13.4 Asia-Pacific (APAC)
13.4.1 China
13.4.2 Japan
13.4.3 South Korea
13.4.4 India
13.4.5 Others
13.5 Rest of the World
13.5.1 Middle East
13.5.2 Africa
14 Competitive Landscape
14.1 Overview
14.2 Arket Share Analysis of the Wearable Technology Market, 2015
14.3 Competitive Situations and Trends
14.3.1 New Product Launch
14.3.2 Partnerships
14.3.3 Acquisition and Collaboration
15 Company Profiles
15.1 Introduction
15.2 Fitbit, Inc.
15.3 Apple, Inc.
15.4 Xiaomi Technology Co., Ltd
15.5 Garmin Ltd.
15.6 Samsung Electronics Co., Ltd.
15.7 Alphabet, Inc.
15.8 LG Electronics, Inc.
15.9 Qualcomm Technologies, Inc.
15.10 Sony Corporation
15.11 Adidas Group
15.12 Jawbone, Inc.
15.13 Misfit, Inc.
15.14 Guangdong Bbk Electronics Co., Ltd
15.15 Lifesense Group B.V.
The Global Wearable Devices Market has been segmented as below:
By Product Analysis
- Wrist-wear
- Foot-wear
- Eye-wear
- Body-wear
- Neck-wear
- Others
By Application Analysis
- Fitness and sports
- Infotainment
- Healthcare
- Defense
- Enterprise and industrial
By Regional Analysis
- North America
- Europe
- Asia-Pacific
- Rest of the World
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Wearable Devices Market?
The market is expected to grow at a CAGR of 16.43% during the study period (2022-2027)
How big is the Wearable Devices Market value?
The Global Wearable Devices Market is expected to be around US$ 111 Billion by 2027
What is the segment’s covered for the Wearable Devices Market?
The segment included in the Wearable Devices Market is Product, Application and Region.
Who are the major key vendors in the Wearable Devices Market?
Some key players operating in the Wearable Devices Market include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd
What are the different forms of the report available?
We can offer several formats of the market research reports including,
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• Spreadsheet/ Workbook
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