A blend of top-down and bottom-up approaches were used to come to the exact market sizes and development rates of the global wearable technology market and its segments. Various secondary information sources were used to find the overall revenues, product portfolios and geographic reach of the companies operating in the wearable technology market. Estimates of the products and application classification revenues were confirmed and validated through primary interviews. Primary interviews are conducted with various players in wearable ecosystem and key opinion leaders to confirm the provided percentage split and market share. Considering the current market scenario and various other factors into our analytical approaches, the global Wearable Technology market is expected to grow at a CAGR of 20.8% during the forecast period 2016 – 2025 and accounts for US$ 170.91 Bn in the year 2025.
The wearable technology market is divided on the basis of products and application, the products segment is further categorized on the basis of smart clothing & smart glasses, sleep sensors, smart watches, activity monitors, augmented reality headsets, continuous glucose monitor, heart rate monitors (HRMS), drug delivery devices, hand worn terminals, wearable patches, jewelries. The application segment is further classified on the basis of infotainment, fitness & wellness, healthcare & medical, industrial & military, safety & security, and fashion & lifestyle
The geographic segments considered in this report are North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The geographic analysis highlights that North America accounted for the largest share in the global wearable technology market in 2015. The Asia-pacific region is expected to register a faster growth from 2016 to 2025 at a CAGR of 22.6%, due to the increasing technological adoption trends in this region.
The key drivers for this market are increasing adoption of mobile devices, increasing acceptance across various application areas and increasing spur in venture capital funding for various wearable ecosystems players.
The report provides qualitative and qualitative insights about growth rates, key market shares and factors driving the market drivers for all segments. The report highlights the growth rates and market sizes of various segment and highlights the sections expected to experience high growth rate in various geographic segments. The report also consist of company profiles of the market leaders and various players in the wearable technology ecosystems. These company profiles include product portfolios, market developments, financial performances and SWOT analysis for each company. The report also offers a competitive landscape of the wearable technology market. The competitive landscape provides the market share of the major players operating in the wearable technology market.