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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

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  • 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