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Asia Pacific Wearable Technology Market Size, Share & Industry Trends Analysis Report By Device (Fitness, Smart Watches, Smart Glasses, Smart Clothing, and Others), By Product Type, By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 157 Pages
  • November 2023
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5916782
The Asia Pacific Wearable Technology Market would witness market growth of 15.9% CAGR during the forecast period (2023-2030).

A user can access health-related content on their smart wearable through wearable devices. Because obesity has emerged as a primary concern in several regions, individuals prefer this technology to monitor their fitness and health information. The growing adoption observed in diverse industries impacts the wearables implementation. In addition, the increased utilization of technologically advanced software and hardware components in the fitness, healthcare, and defense sectors contributes to expanding the market. Nevertheless, security concerns and a finite battery life impede the widespread implementation of wearables within the market.

Consumer adoption of intelligent peripheral technology products is the primary driver of industry expansion. These devices facilitate health monitoring by using sensors to measure vital signs such as oxygen levels, cholesterol levels, and burned calories. Furthermore, many corporations, including Fitbit, Samsung, Noise, and Fossil Group, Inc., are introducing health monitoring solutions in wearable technology watches and other accessories. This feature is anticipated to appeal to consumers because it enables them to monitor their health, thereby facilitating market expansion.

According to Invest India, the digital media segment is the 2nd largest M&E sub-segment, witnessing a 30% growth in 2022 to reach $ 6.9 Bn. Online gaming grew 34% in 2022 to reach $ 1.6 Bn and is expected to reach $ 2.8 Bn by 2025. With the growth of digital platforms for streaming video and audio content, wearables offer a convenient way for users to consume media on the go. Smartwatches. The gaming sector is a significant part of the entertainment industry. Wearables, such as gaming-centric smartwatches or VR devices, can enhance the gaming experience and offer new possibilities for interactive gameplay. The factors mentioned above will propel market growth in this region.

The China market dominated the Asia Pacific Wearable Technology Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,522.7 million by 2030. The Japan market is registering a CAGR of 15.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 16.6% during (2023 - 2030).

Based on Device, the market is segmented into Fitness, Smart Watches, Smart Glasses, Smart Clothing, and Others. Based on Product Type, the market is segmented into Wrist Wear, Eyewear, Hearables, Neckwear, Bodywear, and Others. Based on Application, the market is segmented into Fitness & Sports, Consumer Applications, Entertainment, Healthcare, Lifestyle, Defense, and Enterprise. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Garmin Ltd., Motorola Solutions, Inc., Fitbit, Inc. (Google LLC), Nike, Inc., Adidas AG, LG Electronics, Inc. (LG Corporation), Sony Corporation and Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)

Scope of the Study

Market Segments Covered in the Report:

By Device
  • Fitness
  • Smart Watches
  • Smart Glasses
  • Smart Clothing
  • Others
By Product Type
  • Wrist Wear
  • Eyewear
  • Hearables
  • Neckwear
  • Bodywear
  • Others
By Application
  • Fitness & Sports
  • Consumer Applications
  • Entertainment
  • Healthcare
  • Lifestyle
  • Defense
  • Enterprise
By Country
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Apple, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Garmin Ltd.
  • Motorola Solutions, Inc.
  • Fitbit, Inc. (Google LLC)
  • Nike, Inc.
  • Adidas AG
  • LG Electronics, Inc. (LG Corporation)
  • Sony Corporation
  • Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)

Unique Offerings

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  • The highest number of Market tables and figures
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  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Wearable Technology Market, by Device
1.4.2 Asia Pacific Wearable Technology Market, by Product Type
1.4.3 Asia Pacific Wearable Technology Market, by Application
1.4.4 Asia Pacific Wearable Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Aug- 2023, Sep) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Wearable Technology Market by Device
5.1 Asia Pacific Fitness Market by Country
5.2 Asia Pacific Smart Watches Market by Country
5.3 Asia Pacific Smart Glasses Market by Country
5.4 Asia Pacific Smart Clothing Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Wearable Technology Market by Product Type
6.1 Asia Pacific Wrist Wear Market by Country
6.2 Asia Pacific Eyewear Market by Country
6.3 Asia Pacific Hearables Market by Country
6.4 Asia Pacific Neckwear Market by Country
6.5 Asia Pacific Bodywear Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Wearable Technology Market by Application
7.1 Asia Pacific Fitness & Sports Market by Country
7.2 Asia Pacific Consumer Applications Market by Country
7.3 Asia Pacific Entertainment Market by Country
7.4 Asia Pacific Healthcare Market by Country
7.5 Asia Pacific Lifestyle Market by Country
7.6 Asia Pacific Defense Market by Country
7.7 Asia Pacific Enterprise Market by Country
Chapter 8. Asia Pacific Wearable Technology Market by Country
8.1 China Wearable Technology Market
8.1.1 China Wearable Technology Market by Device
8.1.2 China Wearable Technology Market by Product Type
8.1.3 China Wearable Technology Market by Application
8.2 Japan Wearable Technology Market
8.2.1 Japan Wearable Technology Market by Device
8.2.2 Japan Wearable Technology Market by Product Type
8.2.3 Japan Wearable Technology Market by Application
8.3 India Wearable Technology Market
8.3.1 India Wearable Technology Market by Device
8.3.2 India Wearable Technology Market by Product Type
8.3.3 India Wearable Technology Market by Application
8.4 South Korea Wearable Technology Market
8.4.1 South Korea Wearable Technology Market by Device
8.4.2 South Korea Wearable Technology Market by Product Type
8.4.3 South Korea Wearable Technology Market by Application
8.5 Singapore Wearable Technology Market
8.5.1 Singapore Wearable Technology Market by Device
8.5.2 Singapore Wearable Technology Market by Product Type
8.5.3 Singapore Wearable Technology Market by Application
8.6 Malaysia Wearable Technology Market
8.6.1 Malaysia Wearable Technology Market by Device
8.6.2 Malaysia Wearable Technology Market by Product Type
8.6.3 Malaysia Wearable Technology Market by Application
8.7 Rest of Asia Pacific Wearable Technology Market
8.7.1 Rest of Asia Pacific Wearable Technology Market by Device
8.7.2 Rest of Asia Pacific Wearable Technology Market by Product Type
8.7.3 Rest of Asia Pacific Wearable Technology Market by Application
Chapter 9. Company Profiles
9.1 Apple, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Samsung Electronics Co., Ltd. (Samsung Group)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Product Launches and Product Expansions:
9.2.5 SWOT Analysis
9.3 Sony Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Garmin Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Motorola Solutions, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional & Segmental Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.6 Fitbit, Inc (Google LLC)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Nike, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Product Launches and Product Expansions:
9.7.4.2 Acquisition and Mergers:
9.7.5 SWOT Analysis
9.8 Adidas AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 LG Electronics, Inc. (LG Corporation)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • Apple, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Garmin Ltd.
  • Motorola Solutions, Inc.
  • Fitbit, Inc. (Google LLC)
  • Nike, Inc.
  • Adidas AG
  • LG Electronics, Inc. (LG Corporation)
  • Sony Corporation
  • Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)

Methodology

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