Global Wearable Computing Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Wearable Computing Devices Market” is a recently produced report by MarketResearch.biz. Exhaustive primary and secondary research efforts were required to ascertain the various aspects of the target market. The global wearable computing devices market report has been segmented on the basis of technology, application, and region. The revenues of each segment is presented systematically so as to offer a clear understanding of the market scenario. The company profile section includes detailed information of the top 10 companies operating in the target market.
Wearable computing devices are electronic devices that can be worn by a consumer. These devices aid the user in performing various tasks, including calculations, maintaining health records, etc. Wearable computing devices are integrated with various sensors, including thermometer, accelerometer, and heart rate monitor, which enables capture of actual data in order to monitor health and wellness.
Wearable technology has led to rapid growth of the consumer electronics industry in the recent past. Currently, these wearable devices comprise microchip, wireless capabilities, and sensor to track activities, for data collection, and offers enhanced consumer experience. These are some of the major factors expected to support revenue growth of the global market. Continuous technological advancements in products in order to sustain in a highly competitive market is another factor projected to fuel growth of the target market. Rising demand for wearable computing and monitoring devices among health conscious consumers will continue to drive market growth over the forecast period. Increasing utilization of wristbands and smartwatches among fitness conscious users is a major trend in the target market.
Among the technology segments, the computing technologies segment is expected to register significant revenue growth.
Among the application segments, the medical and healthcare segment is projected to account for significant revenue share in the global market, owing to increasing demand for wearables among young consumers
Wearable computing devices market in North America is expected to account for highest revenue share in the global market, with Canada and the US being the major revenue contributors. Growth of this market is attributed to increasing demand for such products among millennial consumers owing to these users being more tech-savvy. The market in Europe is projected to continue to follow the market in North America, with countries such as Germany, France, and the UK contributing significantly to overall revenue growth. The market in Asia Pacific is projected to account for fastest compounded annual revenue growth owing to increasing population, especially the aging population, in emerging countries such as India and China. Medical wearable devices are increasingly being used to monitor patients remotely. In addition, consumers in the countries in this region are more inclined towards new and emerging technologies, and spending capacity has been increasing, especially in countries such as India, China, and Japan. Markets in Europe, Middle East & Africa, and Latin America are projected to register moderate growth over the forecast period.
Global Wearable Computing Devices Market Segmentation:
Segmentation by Technology:
- Display Technologies
- Computing Technologies
- Networking Technologies
Segmentation by Application:
- Medical and Healthcare
- Fitness and Wellness
- Enterprises and Industrial
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- GE Healthcare
- Medtronic Inc.
- Apple Inc.
- Zephyr Technology Corporation
- Sony Corporation
- Samsung Electronics Co., Ltd.
- Pebble Technology Corporation
- Nike, Inc.
- Motorola Mobility Holdings Inc.
- LG Electronics, Inc.
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