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The future of the wearable technology market looks promising with opportunities in the consumer electronics, healthcare, industrial application, aviation, marine, and military & defense markets. The global wearable technology market is expected to grow with a CAGR of 15% to 17% from 2021 to 2026. The major drivers for this market are ease of use and growing popularity of internet of things (IoT) and connected devices.
A more than 150 page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of wearable technology market report download the report brochure.
The study includes trends and forecasts for the global wearable technology market by type, product, technology, component, software & services, application and region as follows:
By Type [$M shipment analysis for 2015 – 2026]:
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Wearable Smart Textiles
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Wearable Products and Devices (Non-Textiles)
By Product [$M shipment analysis for 2015 – 2026]:
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Wristwear
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Headwear and Eyewear
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Footwear
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Neckwear
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Bodywear
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Others
By Technology [$M shipment analysis for 2015 – 2026]:
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Computing Technology
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Display Technology
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Networking Technology
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Positioning Technology
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Sensor Technology
By Component [$M shipment analysis for 2015 – 2026]:
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Power Supply Components
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Positioning and Networking Components
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Sensing Components
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Control Components
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Display and Optoelectronic Components
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Memory Components
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Interface Components
By Software and Services [$M shipment analysis for 2015 – 2026]:
By Application [$M shipment analysis for 2015 – 2026]:
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Consumer Electronics
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Healthcare
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Industrial Applications
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Aviation
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Marine
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Military & Defense
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Others
By Region [$M shipment analysis for 2015 – 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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France
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Italy
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Asia Pacific
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China
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Japan
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India
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South Korea
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The Rest of the World
Headwear and eyewear will remain the largest product segment due to growth in the entertainment, video gaming, and augmented reality & virtual reality markets.
Consumer electronics will remain the largest application segment during the forecast period due to growth in MEMS sensors and increasing demand for wearable scanners and computing devices in warehouses and logistic operations.
North America will remain the largest region during the forecast period due to high demand for wearable technology products and strong presence of key players in the region.
Some of the wearable technology companies profiled in this report include Fitbit, Apple, Xiaomi Technology, Garmin, Samsung Electronics, Alphabet, LG Electronics, Qualcomm Technologies, Sony Corporation, Adidas Group, Jawbone, Misfit, Guangdong BBK Electronics and Lifesense Group.
Features of Wearable Technology Market
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Market Size Estimates: Wearable technology market size estimation in terms of value ($M)
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Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
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Segmentation Analysis: Market size by type, product, technology, component, software & services, and application
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Regional Analysis: Wearable technology market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
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Growth Opportunities: Analysis on growth opportunities in different application, type, product, technology, component, software & services, and regions for wearable technology market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape for the wearable technology market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising potential, high-growth opportunities for the global wearable technology market by type (wearable smart textiles and wearable products and devices (non-textiles)), product (wristwear, headwear & eyewear, footwear, neckwear, bodywear, and other), technology (computing technology, display technology, networking technology, positioning technology, and sensor technology), component (power supply, positioning & networking, sensing, control, display and optoelectronic, memory, and interface), software and services (software(apps (applications)) and services), application (consumer electronics, healthcare, industrial applications, aviation, marine, military & defense, 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 regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the wearable technology market?
Q.5 What are the business risks and threats to the wearable technology market?
Q.6 What are the emerging trends in the wearable technology market and the reasons behind them?
Q.7 What are some changing demands of customers in the wearable technology market?
Q.8 What are the new developments in the wearable technology market? Which companies are leading these developments?
Q.9 Who are the major players in the wearable technology market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the wearable technology market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the wearable technology market? |