Wearable Technology Market to Register a CAGR of 20.8% during 2018-2025: Global Industry Overview

Wearable Technology Market to 2025 - Global Analysis and Forecast by Product and Application, the global wearable technology market was valued at US$ 26.19 Bn in 2015 and is estimated to reach US$ 170.91 Bn by 2025. The report on Wearable Technology Market highlights the trends that are prevalent in the global market and the factors that act as barrier to the growth of wearable technology market. Increasing Adoption of Mobile Devices Coupled With High Acceptance of Wearable Devices across Various Application Areas to Boost the Global Wearable Market at a CAGR Of 20.8%.

As of now, most of the key players of Wearable Technology Market are established organizations such as Google Inc., Apple Inc., Microsoft Cooperation, Nike Ltd., Xiaomi Inc., Adidas Group, Sony Cooperation, Suunto Oy, Medtronic, Garmin International Inc., Fitbit Inc., Jawbone, Koninklijke Philips N.V., LG Electronics Inc., Pebble Technology Corporation, Qualcomm, Inc., Samsung Electronics Co., Ltd, and Sony Corporation among others

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The global Wearable Technology Market has been segmented on the basis of applications into healthcare & medical, infotainment, military & industrial, fitness & wellness, safety & security, and fashion & lifestyle. The global wearable technology market has been further bifurcated by products into sleep sensors, smart clothing & smart glasses, activity monitors ,smart watches, HRMs, continuous glucose monitor , wearable patches, AR headsets, hand worn terminals, and jewelries (such as bracelets, ring, neck pieces earrings, pendants, and clutches among others).

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Fitness bands and smart watches have emerged as one the prime revenue sources and has experienced a high adoption rate, highly growing demographics across the regions and increasing awareness among end users about the potential benefits of wearable technology is expected to accelerate the wearable technology market in the coming years. High acceptance across various application areas such as industrial and medical and increasing spur in venture capital funding for various wearable ecosystems players along with high growth of IoT and increasing end-user’s preference towards handy gadgets is further boosting the growth of wearable technology market.

In the last few years’ Global Wearable Technology Devices have experienced a significant growth in its acceptance across different verticals like health and fitness, medical, media and entertainment, fashion and lifestyle and others to name a few. Wearable technology has also evolved tremendously in the last few years and companies are aggressively launching innovative products and solutions like smart clothing, smart glasses attracting mass adoption among individuals and enterprises.

Table of Content:

1. Introduction

2. TIP Research Report Guidance

3 Key Takeaways

4 Wearable Technology Market Landscape

4.1 Overview
4.2 Definitions
4.3 Value Chain Analysis

5 Wearable Technology Market - Key Industry Dynamics

5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends

6 Wearable Technology Market - Five Forces Analysis

6.1 Overview
6.2 Global Wearable Technology Market - Five Forces Analysis

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Posted by Sameer Joshi on Tuesday October 09 2018, 7:56 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0