Wearable Technology Market Growing at a CAGR of 15.5% and Expected to Reach $51.6 billion by 2022 - Exclusive Report by MarketsandMarkets™
CHICAGO, July 1, 2019 /PRNewswire/ - According to the new market research report "Wearable Technology Market by Product (Wristwear, Headwear/Eyewear, Footwear, Neckwear, Bodywear), Type (Smart Textile, Non-Textile), Application (Consumer Electronics, Healthcare, Enterprise & Industrial), and Geography - Global Forecast to 2022", published by MarketsandMarkets™, the Wearable Technology Market is estimated to grow from USD 21.7 billion in 2016 to USD 51.6 billion by 2022; it is expected to grow at a CAGR of 15.5%. The emergence of wearable technology is expected to transform the outlook of computing on-the-go. Application areas for wearable technology range from consumer durables and healthcare to enterprise, industrial, and so on. As the technology matures, it is expected to find new application verticals and increased applications in existing ones such as the wearable technology used in medical surgery.
Ask for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=983
Wearables products type to hold largest size during forecast period
The growth of this segment is attributed to the increase in awareness of fitness and healthcare as well as increase in consumer expectations. The consumer preference is expected to grow stronger with the participation of new players and launch of new products in the wearable technology market. Key industry players are introducing new advanced wearable products which cater to various new application areas. For instance, wearable devices are currently used in medical surgery and oil and refinery plants.
Headwear & eyewear to witness fastest growth during forecast period
Headwear & eyewear includes augmented and virtual reality products, both of which have multiple applications in consumer and enterprise industries. Headwear & eyewear devices have major applications in the commercial sector such as sports and video games. Hence, this market is expected to grow at the highest rate during the forecast period.
Americas is expected to hold the largest market size of wearable technology market during forecast period
The market growth is attributed several factors technological innovations and advancements leading to the introduction of new products. Other factors promoting the growth of the market are the increasing prevalence of chronic diseases and lifestyle diseases such as diabetes, and ease of use.
Browse in-depth TOC on "Wearable Technology Market"
70 – Tables
77 – Figures
199 – Pages
Request Sample pages of the Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=983
Key players in the wearable technology market include Fitbit (US), Apple (US), Xiaomi Technology (China), Garmin (US), Samsung Electronics (South Korea), Alphabet (US), LG Electronics (South Korea), Qualcomm Technologies (US), Sony Corporation (Japan), Adidas Group (Germany), Jawbone (US), Misfit (US), Guangdong BBK Electronics (China), Lifesense Group (The Netherlands) among others.
Please Explore Relevant Reports:
Wearable Sensors Market by Type (Accelerometers, Magnetometers, Gyroscopes, Image Sensors, Inertial Sensors, Temperature & Humidity Sensors, Pressure & Force Sensors, Touch Sensors and Motion Sensors), Application (Wristwear, Eyewear, Bodywear), Vertical, and Geography - Global Forecast to 2022
Smart Textiles Market by Type (Passive, Active, Ultra-smart), Function (Sensing, Energy Harvesting, Luminescence & Aesthetics, Thermo-electricity), Industry (Healthcare, Sports & Fitness, Fashion, Military, Automotive), & Geography - Global Forecast to 2020
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/wearable-electronics-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article