The
Wearable Devices Market report consists of explicit and up to date information
about the consumer’s demands, their inclinations, and their variable likings
about particular product. The information and data cited in this Wearable
Devices Market report is collected from the trustworthy sources such as
websites, journals, mergers, and annual reports of the companies. With this
market report it becomes easier to establish and optimize each stage in the
lifecycle of industrial process that includes engagement, acquisition,
retention, and monetization. This Wearable Devices Market report takes into
account the comprehension of your business goals and requirements to bridge the
gap by delivering you with the most proper and suitable solutions.
Global
Wearable Devices Market is expected to rise from its initial estimated value of
USD 24.53 billion in 2018 to an estimated value of USD 88.53 billion by 2026,
registering a CAGR of 17.4% in the forecast period of 2019-2026. This rise in
market value can be attributed to the increasing penetration of smartphones and
also improving phone-based healthcare apps compatible with wearable devices.
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Key
Market Competitors:
Fitbit, Inc. (US),
Koninklijke Philips N.V. (Netherlands),
BioTelemetry, Inc. (Switzerland),
Garmin Ltd. (Switzerland),
OMRON Corporation (Japan),
Drägerwerk AG & Co. KGaA (Germany),
Nokia Technologies (US),
Jawbone (US),
Polar Electro (Finland),
World Global Network (US),
Activeinsights (UK),
VitalConnect (US),
Xiaomi (China),
Misfit (US),
Monica Healthcare (UK)
Adidas AG,
Apple, Inc.(US),
Google, Inc. (US),
LG Electronics Inc. (South Korea),
Nike, Inc (US),
Samsung Electronics Co., Ltd. (South Korea),
Sony Corporation (Japan),
Xiaomi Technology Co., Ltd. (China)
Among other vernacular players.
Market
Definition: Wearable technology device isthat
type of device which can be worn by a consumer and it gives information
regarding to health and fitness. These Devices are hands-free gadgets with
practical uses, powered by microprocessors and enhanced with the ability to send
and receive data.
According
to statistics, the number of connected wearable devices worldwide is expected
to jump from an estimate of 325 million in 2016 to over 830 million in 2020.
This significant number is expected to act as a driver to the market growth.
Market
Drivers
- There is an increase in
technological advancements in wearable medical devices which is expected
to act as a driver to the market growth
- There is rise in preference for
wireless connectivity among healthcare providers which is expected to act
as a driver to the market growth
Segmentation:
Global Wearable Devices Market
By
Product Type
- Wrist-wear
- Eyewear
- Footwear
- Neckwear
- Body wear
- Others
By
Industry
- Consumer Products
- Healthcare
- Industrial
- Others
By
Type
- Smart Textile
- Passive
- Active
- Ultra-Smart
- Non-Textile
By
End Users
- Personal Users
- Enterprises
By
Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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Key
Developments in the Market:
- In April 2019, Fitbit announced
that Fitbit and Snap launched first-ever bitmoji clock face integration on
fitbit smartwatches, that provide dynamically updates throughout the day
based on your personal health and fitness data.
- In March 2019, Fitbit announced
four new Wearables products for Making Health and Fitness Accessible and
Affordable to More Consumers Worldwide.
Competitive
Analysis:
Global
wearable devices market is highly fragmented and the major players have used
various strategies such as new product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints
in this market. The report includes market shares of wearable devices market
for Global, Europe, North America, Asia-Pacific, South America and Middle East
& Africa.
Reasons
to Purchase this Report
- Current and future of global
wearable devices market outlook in the developed and emerging markets
- The segment that is expected to
dominate the market as well as the segment which holds highest CAGR in the
forecast period
- Regions/Countries that are
expected to witness the fastest growth rates during the forecast period
- The latest developments, market
shares, and strategies that are employed by the major market players
Customization
of the Report:
- All segmentation provided above
in this report is represented at country level
- All products covered in the
market, product volume and average selling prices will be included as
customizable options which may incur no or minimal additional cost
(depends on customization)
Table
of Content: Global Wearable Devices Market
Part
01: Executive Summary
Part
02: Scope of The Report
Part
03: Global Wearable Devices Market Landscape
Part
04: Global Wearable Devices Market Sizing
Part
05: Global Wearable Devices Market Segmentation By Product
Part
06: Five Forces Analysis
Part
07: Customer Landscape
Part
08: Geographic Landscape
Part
09: Decision Framework
Part
10: Drivers And Challenges
Part
11: Market Trends
Part
12: Vendor Landscape
Part
13: Vendor Analysis
And
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