Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on wearable electronic devices market provides an
in-depth analysis of segments and sub-segments in the global as well as
regional wearable electronic devices market. The study also highlights the impact
of drivers, restraints, and macro indicators on the global and regional
wearable electronic devices market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of global wearable electronic devices market. According to the report,
the global wearable electronic devices market is projected to reach USD 77 million by 2026 from USD 31 million in 2019, growing at a CAGR of 14% over the forecast period of 2019-2025.
Wearable electronic devices are
the products which are worn on the user’s body to increase day-to-day
activities. These electronic devices use sensors to connect. Furthermore, it
also contains advanced circuitry, wireless connectivity and a nominal level of
independent processing capability. Several wearable electronic devices such as
wrist bands, watches can also be used for recording videos and audios. Unlike
the development of smartphones and tablets, wearable electronic devices have
been well received by early adopters and are poised to grow into a leader of
the consumer electronics market. The wearable devices market has several
categories of personal devices, all of which are worn or attached to the body.
The categories include smartwatches, head-mounted display, wearable cameras, Bluetooth
headset, wristband, smart clothing, chest strap, sports watch, and others.
Some of the key factors
contributing to the growth of this market include increasing consumer
preference for sophisticated devices, growing demand for IoT and connected
devices, easy communication convenience, and significant growth prospects on
next-generation displays in wearable devices through innovations. In addition,
the potential for data collection with wearable technology and providing
insight for user interaction, an ever-growing number of apps, sleek designs in
the areas of aesthetics, and rapid health monitoring with the help of these
devices further expected to drive the market growth. Besides, technologists are
using a combination of sensors, machine learning, and big data analysis to
provide consumers more data about their bodies and lives than ever before.
However, there are certain restraining factors associated with the market is
expected to hinder the market growth, which includes the high cost of devices,
design constraints, high power consumption, data security issues, and usage
restrictions. On the other hand, advancement in technology and innovation in
products are likely to generate the growth opportunity for wearable electronic
devices market in the upcoming years.
Geographically, North America is
the leading contributor to the market and is expected to retain its position
during the forecast period due to high awareness, better product availability,
a well-connected distribution network and a large base of population with
greater affordability to purchase and use wearable devices. Further, Asia
Pacific is anticipated to be the fastest growing region owing to increasing
internet mobility and high penetration of smartphones in countries such as
China and India. These factors positively support the growth of this market in
the Asia Pacific region.
The report on global wearable
electronic devices market covers segments such as type, components, and application.
On the basis of type, the sub-markets include wristband, Bluetooth headset,
Smart watch, eyewear, head-mounted display, and other types. On the basis of
components, the sub-markets include sensor, memory, Connectivity, and battery.
On the basis of application, the sub-markets include healthcare and medical,
military and industrial and Fitness and Wellness.
The report provides profiles of
the companies in the market such as Fitbit, Inc., Apple Inc., Xiaomi
Corporation, Samsung Electronics Co., Ltd., LG Electronics Inc., Adidas AG,
Sony Corporation, Google LLC, Epson America, Inc., NIKE, Inc., and Other
companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of wearable electronic devices market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.