Wearable devices refer to all those fashion wearable, electronic wearable, and smart devices that are worn close to or over the skin. Wearable technology that is worn by consumers provides necessary health and fitness information. The wearable devices are manufactured using microprocessors and can easily send, receive and track the desired information. These are equipped with sensors and Bluetooth that help to keep a track of distance, speed, stamina, breathing, blood pressure, cholesterol, heart rate, calories, and altitude among others. Ease to use, convenient handling, providing real-time data information and flexible operational efficiency are the major highlights of wearable devices. This has led to the rise in demand for wearable devices around the globe. The growing popularity of the internet of things coupled with rising technological advancements in the smart electronic field has created lucrative market growth opportunities for the wearable devices market. Rising consumer awareness to shift to physical fitness activities has also propelled a significant rise in the wearable devices market growth rate. Rising disposable income and rising research and development proficiencies on the technology involved in sensors are some other indirect market growth determinants.
Rising penetration of smartphones and internet couples with rising smartphone applications that can be connected with wearable devices has propelled growth in the wearable devices market value. Data Bridge Market Research analyses that the wearable devices market will exhibit a CAGR of around 18.78% for the forecast period of 2021-2028. However, limited battery life will pose a major challenge to the expansion of the wearable devices market. Also, security-related concerns and data privacy concerns will obstruct the way of wearable devices market growth. The high cost of manufacturing and fluctuations in the prices of raw materials will also derail the wearable devices market growth rate.
Global Wearable Devices Market by Product (Wrist-wear, Eyewear, Footwear, Neckwear, Body wear and Others), Type (Smart Textile, Passive, Active, Ultra-Smart and Non-Textile), Industry (Consumer Products, Healthcare, Industrial and Others), End Users (Personal Users and Enterprises), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 This wearable devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wearable devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wearable Devices Market Scope and Market Size:
The wearable devices market is segmented on the basis of product, type, industry and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of product, the wearable devices market is segmented into wrist-wear, eyewear, footwear, neckwear, body wear and others.
On the basis of type, the wearable devices market is segmented into smart textile, passive, active, ultra-smart and non-textile.
On the basis of industry, the wearable devices market is segmented into consumer products, healthcare, industrial and others.
On the basis of end users, the wearable devices market is segmented into personal users and enterprises.
Key Market Competitors:
The major players covered in the wearable devices market report are SAMSUNG, Garmin Ltd., Huawei Technologies Co., Ltd., Apple Inc., Sony Corporation, HTC Corporation, Fitbit, Inc., Xiaomi Global Community, ADIDAS AG, Nike, Inc., LG Electronics., Motorola Solutions, Inc., Fossil Group, Inc., Google LLC, Polar Electro, Withings, Michael Kors, CASIO AMERICA, INC., TomTom International BV and ASUSTeK Computer Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in the Wearable Devices Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Wearable Devices Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Wearable Devices Market Competition, by Players
Chapter Four: Wearable Devices Market Size by Regions
Chapter Five: Wearable Devices Market Revenue by Countries
Chapter Six: Wearable Devices Market Revenue by Type
Chapter Seven: Wearable Devices Market Revenue by Application
Chapter Eight: Wearable Devices Market Revenue by Industries
Chapter Nine: Wearable Devices Market Revenue by Deployment Model
Chapter Ten: Wearable Devices Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
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