wearable technologies market

wearable technologies Market Report- Forecast 2022

wearable technologies

Market Report-Forecast

2022


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Copyright © 2017 Market Research Future.


Summary

In this rapidly changing environment, technology needs are ever increasing. The market

trend towards the higher requirement of smart gadgets, higher accuracy are driving the

wearable technologies market. Innovation is a key driver of wearable technologies market.

The market trend indicates that wearable technologies has become a fashion statement.

The study indicates that many organizations are largely investing in wearable technologies.

Observing the current trend and sales the study indicates a sudden hike in wearable

technology market. The wearable technologies has many benefits as ability to retrieve

different physiological parameters, simplify daily functions, and others which boosts the

market. Whereas the higher costs of the wearable technologies devices are restraining the

wearable technologies market. The battery life and usability issue are few restraining

factors for the wearable technologies market.

The wearable technologies Market connects with the person and surrounding environment

which results in quick response and better information with respect to the environment. The

study reveals a trend of rise in the number of smart and innovative products in the near

future which is responsible for growth the wearable technologies market. The wearable

technology has many advantages as hand-free user experience, personalized information,

personal assistance and others. The battery life and usability issue are the major factors

restraining the wearable technologies market.

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Major Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in

the wearable technologies Market: – Adidas AG (Germany), Xiaomi Inc. (China), Apple

Inc.

Samsung

(U.S.), Google Inc. (U.S.), Garmin Ltd. (U.S.), Fitbit (U.S.), Jawbone (U.S.),

Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Qualcomm

Technologies, Inc. (U.S.), Nike, Inc. (U.S.), Lifesense Group (The Netherlands), Misfit,

Inc. (U.S.) among others.

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Segmentation:

The wearable technologies market has been segmented on the basis of product,

technology, components and application. Looking through the product segment it’s

been observed that wristwear products are dominating the wearable technologies

market where as the smart clothing’s products are expected to show a substantial

increase in wearable technologies market. The wearable technologies market is

dominated by consumer electronics sector. However the fitness and wellness sector

and the healthcare sector are showing a positive growth towards wearable

technology.

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Regional Analysis:

The regional analysis of wearable technologies component market is done for North

America, Europe, Asia Pacific, and the rest of the world. North America is expected to

account for the largest market share of the wearable fitness technology market during

the forecast period. The increasing awareness about the latest advances in technology,

new products, and adoption of the wearable technologies components is contributing

to the increasing ownership of wearables. Furthermore, the market in this region is

driven by high disposable income of consumers which when coupled with the health

awareness and willingness to maintain a healthy lifestyle, can accelerate the adoption

of wearable technologies components in the coming years.

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(Germany) are focusing on the digital utilities transformation.

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