Global Wearable Technology Market Size, Trends and Growth opportunity,By Product(Wrist-Wear, Eyewear & Headwear, Footwear, Neckwear, Body-Wear, Others), By Application(Consumer Electronics, Healthcare, Enterprise & Industrial Applications, Others), By Region and forecast till 2027.
Report ID : IR100854 | Industries : Automotive and Transportation | Published On :March 2024 | Page Count : 53
Global Wearable Technology Market Size, Trends and Growth opportunity, By Product(Wrist-Wear, Eyewear & Headwear, Footwear, Neckwear, Body-Wear, Others), By Application(Consumer Electronics, Healthcare, Enterprise & Industrial Applications, Others), By Region and forecast till 2027.
Global Wearable Technology Market
The global Wearable Technology market size was valued at USD 71.91 billion in 2021 and is expected to expand USD 186.14 billion at a CAGR of 14.6% during forecast period 2022- 2027.
The wearable technology involves the devices monitoring health by keeping track of cholesterol levels, calories burnt, oxygen levels etc through sensors.
Market Drivers
The rising use wearable technology among consumers due to its wide range of functions in the healthcare, consumer, electronics, and industrial sector along with increasing smartphones and multimedia device demand act as key factor for the growth of market. Additionally,the rapid advancement of technologies, like GPS and RFID for location monitoring and health tracking through sensors attract consumers propelling the growth of Wearable Technology market.
Market Restraints
The wearable technology devices store data about a person’s health, lifestyle, and daily activities on a connectivity carrier’s network which leads to security issue which restrict the market growth.
COVID-19 Impact on global Wearable Technology Market
Outbreak of covid-19 positively impacted market as the healthcare sector is rising during pandemic. The increasing demand of Wearable Technology as these products Offers advantages and benefits to both patients and healthcare providers including real-time health monitoring of vital statistics and earlier detection of disease or risk of a significant health event.
Market Segmentation
The global Wearable Technology market segmented on the basis of Product, Application and Region .On the basis of product it is segmented into Wrist-Wear, Eyewear & Headwear, Footwear, Neckwear, Body-Wear, Others. On the basis of Applicationit segmented into Consumer Electronics, Healthcare, Enterprise & Industrial Applications, Others.On the basis of Region it is segmented into North America, Europe, Asia Pacific, Latin America, MEA.
Regional Analysis
The global Wearable Technology market segmented into five regions North America ,Europe, Asia Pacific, Latin America, MEA. North America dominate the market due to high technology adoption as the devices promoting health, facilitate preventive treatment and helps in managing ongoing disease responsible for the market growth in this region. Asia Pacific is also witnessed a significant rise in Wearable Technology market.
Key Players
Various key players are listed in this report such as Alphabet Inc, Samsung Electronics Co Ltd,Sony Corp,Huawei Technologies Group Co Ltd,Apple Inc,Xiaomi Corp,Adidas AG,Nike Inc, Fitbit Inc, Garmin Ltd.
Market Taxonomy
By Product
§ Wrist-Wear
§ Eyewear & Headwear
§ Footwear
§ Neckwear
§ Body-Wear
§ Others
By Application
§ Consumer Electronics
§ Healthcare
§ Enterprise & Industrial Applications
§ Others
By Region
§ North America
§ Europe
§ Asia Pacific
§ Latin America
§ Middle East and Africa
Global Wearable Technology Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Wearable Technology Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Wearable Technology Market, By Application Type
5.1 Y-o-Y Growth Comparison, By ApplicationType
5.3 Global Wearable Technology Market Share Analysis, By Application Type
5.3 Global Wearable Technology Market Size and Forecast, By Application Type
5.3.1 Consumer Electronics
5.3.2 Healthcare
5.3.3 Enterprise & Industrial Applications
5.3.4 Others
6 GlobalWearable Technology Market, By Product Type
6.1 Y-o-Y Growth Comparison, By Product Type
6.2 Global Wearable Technology Market Share Analysis, By Product Type
6.3 Global Wearable Technology Market Share Analysis, By Product Type
6.3.1 Wrist-Wear
6.3.2 Eyewear & Headwear
6.3.3 Footwear
6.3.4 Neckwear
6.3.5 Body-Wear
6.3.6 Others
7 Global Wearable Technology Market, By Region
7.1 Global Wearable Technology Market Share Analysis, By Region
7.2 Global Wearable Technology Market Share Analysis, By Region
8 North America Wearable Technology Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Wearable Technology Market Share Analysis, By ApplicationType
8.3 North America Wearable Technology Size and Forecast, By ProductType
8.4 North America Wearable Technology Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 EuropeWearable Technology Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Wearable Technology Market Share Analysis, ByApplicationType
9.3 Europe Wearable Technology Market Size and Forecast, ByProductType
9.4 Europe Wearable Technology Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Wearable Technology Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia-Pacific Wearable Technology Market Size and Forecast, ByApplicationType
10.3 Asia-Pacific Wearable Technology Market Size and Forecast, By Product Type
10.4 Asia-Pacific Wearable Technology Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Wearable Technology Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Wearable Technology Market Size and Forecast, By ApplicationType
11.3 Latin America Wearable Technology Market Size and Forecast, By Product Type
11.4 Latin America Wearable Technology Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2.Rest of Latin America
12 Middle East Wearable Technology Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Wearable Technology Market Share Analysis, By ApplicationType
12.3 Middle East Wearable Technology Market Size and Forecast, By Product Type
12.4 Middle East Wearable Technology Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1. Alphabet Inc
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2.Samsung Electronics Co Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3.Sony Corp
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4.Huawei Technologies Group Co Ltd
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5.Apple Inc
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6.Xiaomi Corp
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7. Adidas AG
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8. Nike Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9.Fitbit Inc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10. Garmin Ltd.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies