Wearable Device Manufacturing in the US - Market Research Report (2014-2029)

New Update: Industry Profit Will Likely Remain Suppressed Due to High Spending on Research and Development

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Wearable Device Manufacturing industry produces many smart wearable devices like smartwatches, wristbands, and smart glasses. The industry is in the very early stage of its life cycle, characterized by high research and development expenditures and strong growth in the number of new entrants. However, unlike other growing industries, import penetration has increasingly challenged this industry. To stay competitive, most companies engaged in developing wearable devices offshore or outsource production abroad. Companies that manufacture wearable devices abroad are excluded from this industry. In contrast, manufacturers included in this industry tend to be relatively large domestic companies with extensive economies of scale, like Qualcomm Inc. and Garmin Ltd.

Companies in this industry manufacture smart electronic devices that can be incorporated into clothing or worn on the body.