The new report by Expert Market Research titled, ‘Wearable Technology Market’ Report and Forecast 2021-2026’, gives an in-depth analysis of the Wearable Technology Market, assessing the market based on its segments like component, type of the product, technology, end use and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/wearable-technology-market/requestsample
The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size: USD 181 Million (2020)
- Forecast CAGR (2021-2026): 17%.
- Forecast Market Size: USD 464 Million (2026)
Demand is expected to be driven by the growing penetration of the Internet of Things (IoT) and connected devices and by the increasingly technically sound population. Growing concerns about obesity and other chronic diseases have led to the adoption of wearable devices that offer real-time information about overall health, including body monitors and activity trackers. These wearable products which contain information such as blood pressure, levels of oxygen, quality and quantity of sleep, calorie intake, levels of cholesterol, pulse monitoring, and other body-required information for everyday activities. Increased popularity among professional athletes and leisure fitness customers over the benefits of these devices is expected to boost demand over the forecast period for fitness and wellness products.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/wearable-technology-market
Industry Definition and Major Segments
Wearable technology is, mainly, a technology-integrated electronic product. The wearable technology for tracking real-time data can easily be worn on the body. Wearable technology includes wristbands that can be worn on the wrist and helps to track information such as pulse, heart rate, steps for walking, sleeping hours, and many others. Jawbone, Apple, Fitbit, and several others have launched wristbands that function as activity trackers. This has developed a huge customer base all over the world. The significant client base is due to the wellness enhancement brought on by wearable technology.
Based on component, the market can be divided into the following:
- Software
- Services
Based on type of the product, the industry can be divided into:
- Wrist-Wear
- Eye-Wear and Head-Wear
- Foot-Wear
- Neck-Wear
- Body-Wear
- Others
Based on the technology, the market can be divided as follows:
- Computing Technology
- Display Technology
- Networking Technology
- Positioning Technology
- Sensor Technology
- Others
Based on the end use, the market can be classified into the following sectors:
- Consumer Electronics
- Healthcare
- Enterprise and Industrial Application
- Others
The regional markets for Wearable Technology include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
It is recognized that North America is one of the world’s centers of technological growth. The market for sophisticated and multi-functional devices is rising with the introduction of smart gadgets. The main factors for consumer growth in the area are a rise in disposable income and a high rate of adoption of new wearable devices. The involvement of leading players such as Garmin, Apple and Fitbit are also contributing to the growth of the wearable technology market. The regional market is experiencing the inflow of capital from different sports associations in North America. Investments are anticipated to fuel the region’s wearable technology industry.
Key Market Players
The major players in the market are Apple Inc, Samsung Electronics Co. Ltd, Fitbit, Xiaomi Corp, Alphabet Inc, LG Electronics, Huawei Technologies Co, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Energy Management Systems Market: https://www.expertmarketresearch.com/reports/energy-management-systems-market
Integration Platform as a Service (iPaaS) Market: https://www.expertmarketresearch.com/reports/integration-platform-as-a-service-ipaas-market
Gaming Console Market: https://www.expertmarketresearch.com/reports/gaming-console-market
Retail Analytics Market: https://www.expertmarketresearch.com/reports/retail-analytics-market
Kiosks Market: https://www.expertmarketresearch.com/reports/kiosks-market
Video on Demand Market: https://www.expertmarketresearch.com/reports/video-on-demand-market
Location-Based Services Market: https://www.expertmarketresearch.com/reports/location-based-services-market
Enterprise Content Management Market: https://www.expertmarketresearch.com/reports/enterprise-content-management-market
Light Field Market: https://www.expertmarketresearch.com/reports/light-field-market
Bluetooth Beacons Market: https://www.expertmarketresearch.com/reports/bluetooth-beacons-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviors. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Max Smith, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
0 Comments:
Post a Comment