Global Wearable Technology Market size is projected to be valued $58 Billion by 2024; with a CAGR of 15.7% from 2017 to 2025. Wearable technology comprises electronic devices that are capable of connecting with internet and exchanges data between network and device. These devices are designed to be worn on body as accessories or implant. Wearable technologies in applications cover a broad range including from health and exercise, to sports and maps. Furthermore, technological innovations in wearable devices would show future opportunities for the market.
Increasing popularity of connected devices and IoT, launch of advanced devices by major manufacturers, and increasing disposable income are the factors driving the growth of the global wearable technology market. Increasing health awareness and need for sophisticated devices also fuel the market growth. However, high cost of these devices may limit the adoption among end users. Additionally, increasing applications, and growing demand for multi-featured application of smartphone devices would create market opportunities in the coming years.
The key segments of the global wearable technology market include application and geography. Application segment comprises of healthcare and medical (monitors, wearable patches, drug delivery, continuous glucose monitor, and others), infotainment (smart glasses, smart watches, augmented reality headsets, and others), industrial and military (hand worn terminals, augmented reality headsets, and others), and fitness and wellness (activity monitors, smart clothing and smart sports glasses, sleep sensors, and others).
Based on geographical analysis, wearable technology market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. While, Rest of the world covers South America, Middle East, and Africa.
The players competing in this market include Alphabet, Inc., Garmin Ltd., Qualcomm Technologies, Inc., Xiaomi Technology Co. Ltd., Huawei Technologies Co., Ltd., Adidas AG, Fitbit, Inc., Apple Inc., Sony Corporation, and LifeSense Group B.V., among others.
The report covers
The detailed analysis of Wearable Technology Market with respect to key segments such as application, and geography has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of Wearable Technology Market has been covered in the report
Profile of the major key players operating in the Wearable Technology Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies
Scope of the Global Wearable Technology Market
Healthcare and Medical
Continuous Glucose Monitor
Other Healthcare and Medical Applications
Augmented Reality Headsets
Other Infotainment Applications
Industrial and Military
Hand Worn Terminals
Augmented Reality Headsets
Other Industrial and Military Applications
Fitness and Wellness
Smart Clothing and Smart Sports Glasses
Other Fitness and Wellness Applications