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The global wearable electronics market reached a value of US$ 40.4 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 14% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Wearable electronics refer to smart devices which can be worn over the body by the users to enhance their day-to-day activities. They are integrated computing devices which enable wireless networking and mobile computing to the users.
Wearable electronics have a strong potential in any industry where hands free data collection has high value. Healthcare applications, however, represent the biggest drivers of these products. Wearable electronics enable users to efficiently monitor their health and activity. These devices can constantly measure the users vitals, quality of sleep and step count effortlessly and accurately. These devices can also monitor physiological data of patients with chronic conditions and can enable timely clinical interventions. These products can also be utilised for early detection of symptoms in a patient’s health status, enabling timely medical interventions. Other healthcare applications of wearable electronics comprise safety monitoring (to detect falls, epileptic seizures and heart problems) or life improvement, with a sensing technology used along with interactive gaming and Virtual Reality environments and augmented feedback systems. Apart from healthcare, a number of other applications are also driving the demand of wearable electronics. These products enable users to exercise more efficiently, enables them to keep their children safe, enhances personal accountability and helps individuals to be more productive at home and at the workplace.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wearable electronics market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on product, component and application.
Breakup by Product:
Based on the product type, smart bands currently represent the biggest category in the market. Other products include smart watches, smart clothing, smart glasses and head mounted displays (HMD).
Breakup by Component:
Based on the component type, the market has been segmented as networking and positioning components, power supply components, sensing components, optoelectronic and display components, control components and interface components.
Breakup by Application:
Based on the application, the market has been segmented as healthcare applications, consumer applications, sports and fitness applications, industrial and commercial applications, and others.
Breakup by Region:
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the leading market, accounting for the majority of the global share.
The competitive landscape of the market has also been examined with some of the key players being Sierra Wireless SA, Apple, BAE Systems, Carre Technologies, Fitbit, Garmin, Google, Kopin, LG Electronics, Ohmatex, Nike, Recon Instruments, Rockwell Collins (United Technologies Corporation), Samsung, Seiko Epson, Sony and Vuzix.
This report provides a deep insight into the global wearable electronics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the wearable electronics market in any manner.
|Base Year of the Analysis||2020|
|Units||US$ Billion, Million Units|
|Segment Coverage||Product, Component, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Sierra Wireless SA, Apple, BAE Systems, Carre Technologies, Fitbit, Garmin, Google, Kopin, LG Electronics, Ohmatex, Nike, Recon Instruments, Rockwell Collins (United Technologies Corporation), Samsung, Seiko Epson, Sony and Vuzix|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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