The report on the Global Wearable Technology Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Wearable technology refer to devices worn on body parts to monitor various bodily activities and connection to the digital world. They can be worn in the form of watches, goggles, contact lenses, e-textiles, smart fabrics, jewelry such as bracelets and armbands. The purpose of wearable technology is to monitor various bodily functions and to provide connection to the digital world by syncing it to electronic devices such as laptops, smartphones etc.
The global wearable technology market based on product is classified into wrist wear, eye-wear, foot-wear, neck-wear, body-wear and others. It is segmented on the basis of application as fitness and wellness, healthcare, infotainment, defense, enterprise and industrial. The healthcare sector dominates the global wearable market due to increasing consciousness towards the diseases such as diabetes and increasing use of insulin delivery devices. The fitness and wellness sector is expected to dominate the market during the forecast period.
The key drivers for the wearable technology are entry of new players, multi-functionality of the wearable technology products, and rising technological advancements. Improved quality and design of the products and rapid development of the global wearable technology market is expected to fuel the market. The market for wearable technology is on the rise due to growing demand from younger generation, increase in standard of living, the high computing power wearable devices, compact and fashionable. The key constraints of this market are high cost of wearable technology products and their slow acceptance among the global economies.
North America is leading in global wearable technology market as it has maximum number of tech-savvy population.
The major players in the wearable technology market are:
- Nike Inc.
- Adidas AG
- Google Inc.
- Sony Corporation
- Samsung, Apple Inc.
- Fujitsu and Philips.
SEGMENTATIONS IN REPORT:
Wearable Technology By Product
- Wrist-Wear
- Eye-Wear
- Foot-Wear
- Neck-Wear
- Body-Wear
- Others
Wearable Technology By Application
- Fitness and wellness
- Healthcare
- Infotainment
- Defense
- Enterprise and industrial
Wearable Technology By Geography
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Wearable Technology Market has been exhibited in detail in the following chapters -
Chapter 1 Wearable Technology Market Preface
Chapter 2 Executive Summary
Chapter 3 Wearable Technology Industry Analysis
Chapter 4 Wearable Technology Market Value Chain Analysis
Chapter 5 Wearable Technology Market Analysis By Product
Chapter 6 Wearable Technology Market Analysis By Application
Chapter 7 Wearable Technology Market Analysis By Geography
Chapter 8 Competitive Landscape Of Wearable Technology Companies
Chapter 9 Company Profiles Of Wearable Technology Industry
GLOSSARY:
Wearable Technology: Wearable Technology comprises of devices worn on the body to monitor various bodily activities and connection to the digital world.