Wearable Electronic Trends and Forecast
The future of the global wearable electronic market looks promising with opportunities in the healthcare, entertainment, and industrial markets. The global wearable electronic market is expected to reach an estimated $380.6 billion by 2030 with a CAGR of 17.9% from 2024 to 2030. The major drivers for this market are rising adoption of smartwatch, expanding integration of technology into clothing, and escalating integration of artificial intelligence and machine learning among wearable devices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wearable Electronic by Segment
The study includes a forecast for the global wearable electronic by product type, application, and region.
Wearable Electronic Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Wrist-Wear
• Eye-Wear
• Body-Wear
• Others
Wearable Electronic Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Healthcare
• Entertainment
• Industrial
• Others
Wearable Electronic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Wearable Electronic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wearable electronic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wearable electronic companies profiled in this report include-
• Adidas
• Apple
• Fitbit
• Google
• Nike
• Sony
• Samsung Electronics
• Garmin
• Sensoria
• LG Electronics
Wearable Electronic Market Insights
Lucintel forecasts that wrist wear will remain the largest segment over the forecast period.
Within this market, healthcare is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Wearable Electronic Market
Market Size Estimates: Wearable electronic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wearable electronic market size by product type, application, and region in terms of value ($B).
Regional Analysis: Wearable electronic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the wearable electronic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wearable electronic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the wearable electronic market size?
Answer: The global wearable electronic market is expected to reach an estimated $380.6 billion by 2030.
Q2. What is the growth forecast for wearable electronic market?
Answer: The global wearable electronic market is expected to grow with a CAGR of 17.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wearable electronic market?
Answer: The major drivers for this market are rising adoption of smartwatch, expanding integration of technology into clothing, and escalating integration of artificial intelligence and machine learning among wearable devices.
Q4. What are the major segments for wearable electronic market?
Answer: The future of the wearable electronic market looks promising with opportunities in the healthcare, entertainment, and industrial markets.
Q5. Who are the key wearable electronic market companies?
Answer: Some of the key wearable electronic companies are as follows:
• Adidas
• Apple
• Fitbit
• Google
• Nike
• Sony
• Samsung Electronics
• Garmin
• Sensoria
• LG Electronics
Q6. Which wearable electronic market segment will be the largest in future?
Answer: Lucintel forecasts that wrist wear will remain the largest segment over the forecast period.
Q7. In wearable electronic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wearable electronic market by product type (wrist-wear, eye-wear, body-wear, and others), application (healthcare, entertainment, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Wearable Electronic Market, Wearable Electronic Market Size, Wearable Electronic Market Growth, Wearable Electronic Market Analysis, Wearable Electronic Market Report, Wearable Electronic Market Share, Wearable Electronic Market Trends, Wearable Electronic Market Forecast, Wearable Electronic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.