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The wearable technology market is forecasted to grow by USD 87.3 billion during 2023-2028, accelerating at a CAGR of 17.28% during the forecast period. The report on the wearable technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by popularity of wearable devices as a payment method, growing digitization of global economy, and development of miniaturized electronic components.
The wearable technology market is segmented as below:
By Product
- Wrist-wear
- Eyewear and headwear
- Footwear
- Neckwear
- Others
By Application
- Consumer electronics
- Healthcare
- Enterprise and industrial
- Entertainment
- Others
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the wearable technology market covers the following areas:
- Wearable technology market sizing
- Wearable technology market forecast
- Wearable technology market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global wearable technology market: Alphabet Inc., Apple Inc., ASUSTeK Computer Inc., BAE Systems Plc, CINOPTICS, Citizen Watch Co. Ltd., Elbit Systems Ltd., Fossil Group Inc., Garmin Ltd., Huawei Technologies Co. Ltd., Kopin Corp., Lenovo Group Ltd., LG Electronics Inc., Magic Leap Inc., Polar Electro Oy, Samsung Electronics Co. Ltd., Sony Group Corp., Tex Ray Industrial Co. Ltd., Vuzix Corp., and Xiaomi Communications Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is development of low-power electronics."
According to the report, one of the major drivers for this market is the popularity of wearable devices as a payment method.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphabet Inc.
- Apple Inc.
- ASUSTeK Computer Inc.
- BAE Systems Plc
- CINOPTICS
- Citizen Watch Co. Ltd.
- Elbit Systems Ltd.
- Fossil Group Inc.
- Garmin Ltd.
- Huawei Technologies Co. Ltd.
- Kopin Corp.
- Lenovo Group Ltd.
- LG Electronics Inc.
- Magic Leap Inc.
- Polar Electro Oy
- Samsung Electronics Co. Ltd.
- Sony Group Corp.
- Tex Ray Industrial Co. Ltd.
- Vuzix Corp.
- Xiaomi Communications Co. Ltd.
