Global Wearable Computing Market Analysis, Key Vendors and Forecast 2023
Posted by Akash Sangshetti on November 22nd, 2019
Global Wearable Computing Market Research Report, by technology (Display Technologies, Network Technologies and Others) by Product (Activity Monitoring Device, Smart Clothing & Textile, and Wearable Camera) and by End User (Infotainment, Gaming, and Others) - Forecast till 2023
The global wearable computing market was analyzed by Market Research Future (MRFR) and it was projected that a striking CAGR of 15% will be attained by the market over the forecast period of 2017 to 2023. The valuation of the Wearable Computing Market was further stated to surpass its previous figure to reach an estimated valuation of USD 35 Billion by 2023.
The global market is experiencing a surging growth due to the increasing adoption of wristbands and smart watches among consumers. Add to this, there is a burgeoning interest for networking, communication and recognition technologies for wearable products, thereby driving the global Wearable Computing Market. However, the high consumption rate of power and limited use of battery life can pose to be a challenge to the potential growth of the market over the forecast period.
Some of the key players of wearable computing market include Nike Inc. (U.S.), Pebble Technology Corporation (U.S.), Valve Corporation (U.S.), Zephyr Technology Corporation (U.S.), Samsung Electronics Co., Ltd (Republic of Korea), Smartlife Technology Ltd (Manchester), Fitbit Inc. (U.S.), Apple Inc. (U.S.), Adidas AG (Germany), LG Electronics, Inc. (Republic of Korea), Motorola Mobility Holdings, Inc. (U.S.), Sony Corporation (Japan), Philips Healthcare (Amsterdam), Microsoft Corporation (U.S.), and Boston Scientific Corporation (U.S.)
The global wearable computing market has been segmented in terms of product, end-user, and technology.
The global wearable computing market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
North America is expected to dominate the global wearable computing market with the highest share percentage. The region currently leads the global market and is expected to remain the same in the coming years. The US and Canada are two of leading nations that are contributing majorly to the growth and expansion of the regional market. The growth of the region is due to the growing popularity of smart gadgets and an increasing level of investments that are being made in developing wearable products.
Elsewhere, Europe is projected to enjoy substantial growth over the forecast period to retain its second rank in the global standings. Herein, countries like the UK, Germany, and France are majorly leading the contribution charts. The huge investments being made for research and development of wearable devices in this region is triggering the growth of the market.
Finally, Asia Pacific region is expected to be the fastest growing region in the global wearable computing market over the forecast period. Countries like China, Japan, and India are leading the regional market with the maximum contribution. The growth of the regional market is due to the rising awareness among the young generation about such devices.
Get Complete Report @ https://www.marketresearchfuture.com/reports/wearable-computing-market-5375
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Wearable Computing Market
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About the AuthorAkash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322
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