Global Smart Wearable Market Outlook 2019-2024: Smartwatches, Head Mounted Displays, Smart Clothing, Ear Worn, Fitness Trackers, Body Worn Camera, Exoskeleton, Medical Devices - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 9, 2019--The “Smart Wearable Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The smart wearable market was valued a sale of 181.51 million units and is anticipated to register a CAGR of 19.38% over the forecast period (2019-2024).
Advancements in research have been leading to increased innovation in the recent years and has been instrumental in driving the demand for the wearable market and led to new product categories like the smart fabrics and hearables, among others which incorporate high-end technology and design in daily living. Lately, the focus has been on providing an aesthetic design to devices to attract the customers.
Wearables imply wristbands that are launched by companies like Fitbit, Jawbone, Apple, and act as activity trackers, which has gained a significant traction, owing to the boom in the fitness trend across consumers.
The smartwatch category is experiencing a rise, owing to additional features, like the brand that suits the everyday lifestyle. Strong brands, such as Apple and Fossil, are keeping the pricing consistent with the price bands of traditional watches, to maintain their revenues. With Google’s WearOS, many other premium watchmakers, such as TAG and Armani, have entered the segment.
Hearables are gaining traction with the increasing acceptance of smart assistants. Companies like Bragi, Google, Apple, Jabra, Samsung, and Sony have been actively contributing to the growth of this segment.
Key Market Trends
Smartwatches to Hold the Major Share
Asia-Pacific to Witness the Fastest Growth Rate
The smart wearable market is highly competitive. The market has gained a competitive edge in the recent years. Additionally, several efforts are being taken by the players to gain a competitive edge in this fast-growing market, mainly catering to the demand from the millennial generation population.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Incremental Technological Advancements Aiding the Market Growth
4.4 Market Restraints
4.4.1 Data Privacy Concerns Challenge the Market Growth
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter’s Five Forces Analysis
5 TECHNOLOGY SNAPSHOT
6 MARKET SEGMENTATION
6.1 By Product
6.1.2 Head Mounted Displays
6.1.3 Smart Clothing
6.1.4 Ear Worn
6.1.5 Fitness Trackers
6.1.6 Body Worn Camera
6.1.8 Medical Devices
6.2.1 North America
6.2.4 Latin America
6.2.5 Middle East & Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Apple Inc.
7.1.2 Samsung Electronics Co. Ltd.
7.1.3 Garmin Ltd.
7.1.4 Fitbit Inc.
7.1.5 Fossil Group Inc.
7.1.6 Huawei Technologies Co. Ltd.
7.1.7 Sony Corporation
7.1.8 Microsoft Corporation
7.1.9 Bragi GmbH
7.1.10 Nuheara Limited
7.1.11 Omron Healthcare Inc.
7.1.12 Huami Corporation
7.1.14 Medtronic PLC
7.1.15 AIQ Smart Clothing Inc.
7.1.16 Sensoria Inc.
7.1.17 GoPro Inc.
7.1.18 Transcend Information Inc.
7.1.19 Ekso Bionics Holdings Inc.
7.1.20 Cyberdyne Inc.
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/fugb8m
View source version on businesswire.com:https://www.businesswire.com/news/home/20190509005771/en/
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Related Topics:Wearable Technology
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/09/2019 12:40 PM/DISC: 05/09/2019 12:40 PM