Global Wearable Electronic Devices Market Technological Development, Growth and Outlook to 2024
Added: (Mon May 14 2018)
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What Factors Of Global Wearable Electronic Devices Market?
The Global Wearable Electronic Devices Market is expected to reach USD 99.5 Billion by 2025, from USD 23.9 Billion in 2017 growing at a CAGR of 25.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
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This market report defines the market trends and forecast the upcoming opportunities and threats of the wearable electronic devices market in the next 8 years. Wearable electronic devices are the smart electronic devices that can be worn by individual as accessories. It comprises of advanced circuit, and wireless connectivity. Wearable electronics have been used from years as hearing aids, pacemakers. It have been also used in various consumer electronics such as cell phones, portable music players, smart watches, head-mounted display, wearable cameras, Bluetooth headset, wristband, smart clothing, chest strap, sports watch and others. Various applications of electronic device are infotainment, activity tracking, health monitoring, industrial and enterprise and soldier systems. In 2013, google glass launched, the first voice-operated optical head-mounted display product combined with hands-free internet access with augmented reality which have a capability to capture images.
Major market Drivers:
• Increasing demand for gadgets
• Increasing demand for IOT and connected devices
• Growth for next-generation displays in wearable devices
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Global Wearable Electronic Devices Market Partitioning :
• The global wearable electronic devices market is segmented into product, technology, wearable technology software and services, component, application and by geography.
• Based on product, the global wearable electronic devices market is segmented into wrist wear, headwear & eyewear, footwear, neckwear, body wear, other wearable technology. Wrist wear is further segmented into smartwatches and wristbands Headwear & eyewear is further segmented into augmented reality headsets, virtual reality headsets and others. Footwear is further segmented into casual and special-purpose footwear. Neckwear is further segmented into fashion & jewellery and ties & collars. Body wear is further segmented into inner wear, fashion & apparel and arm wear & legwear. Other wearable technologies are further segmented into ring scanners, body worn cameras and internables /implantables.
• On the basis of technology, the global wearable electronic devices market is segmented into computing technologies, display technologies, networking technologies, positioning technologies, sensor technologies.
• On the basis of component, the global wearable electronic devices market is segmented into power supply components, positioning and networking components, sensing components, control components, display and optoelectronic components, memory components, interface components.
• On the basis of application, the global wearable electronic devices market is segmented into consumer electronics, healthcare, enterprise & industrial application and other applications. Consumer electronics is further segmented into fitness & sports, garments & fashion, infotainment & multimedia and multifunction. Healthcare is further segmented into clinical applications and nonclinical applications. Enterprise & industrial application is further segmented into logistics, packaging, & warehouse and other industrial applications.
• Based on geography, the global wearable electronic devices market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-Pacific And, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Company Share Analysis: Global Wearable Electronic Devices Market:
The global wearable electronic 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 electronic devices market for global, Europe, North America, Asia pacific and South America.
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