The report gives the clear picture of current Wearable Technology Market scenario and the predicted future of the industry. The report focuses on the basis of market drivers, restraints, growth, trends and forecast for the period of 2017-2024. In addition, the report also maps the market performance by value chain analysis which will help in better product differentiation along with the analysis of each segment in terms of opportunity, market attractiveness index and growth rate.
Wearable technology refer to devices worn on body parts to monitor various bodily activities and connection to the digital world. They can be worn in the form of watches, goggles, contact lenses, e-textiles, smart fabrics, jewelry such as bracelets and armbands. The purpose of wearable technology is to monitor various bodily functions and to provide connection to the digital world by syncing it to electronic devices such as laptops, smartphones etc.
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The global wearable technology market based on product is classified into wrist wear, eye-wear, foot-wear, neck-wear, body-wear and others. It is segmented on the basis of application as fitness and wellness, healthcare, infotainment, defense, enterprise and industrial. The healthcare sector dominates the global wearable market due to increasing consciousness towards the diseases such as diabetes and increasing use of insulin delivery devices. The fitness and wellness sector is expected to dominate the market during the forecast period.
The key drivers for the wearable technology are entry of new players, multi-functionality of the wearable technology products, and rising technological advancements. Improved quality and design of the products and rapid development of the global wearable technology market is expected to fuel the market. The market for wearable technology is on the rise due to growing demand from younger generation, increase in standard of living, the high computing power wearable devices, compact and fashionable. The key constraints of this market are high cost of wearable technology products and their slow acceptance among the global economies.
Major player assessed in the report are:
– Adidas AG
– Apple Inc.
– Google Inc.
– Nike Inc.
– Sony Corp.
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4 Wearable Technology Market Analysis By Product
5.Wearable Technology Market Analysis By Application
6.Wearable Technology Market Analysis By Geography
7.Competitive Landscape Of Wearable Technology Companies
8.Company Profiles Of Wearable Technology Industry
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