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Global Wearable Electronics Market to Reach US$ 294.2 Billion by 2027, Facilitated by Increase in Health-Conscious Users

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Wearable Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global wearable electronics market size reached US$ 97.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 294.2 Billion by 2027, exhibiting a growth rate (CAGR) of 20.2% during 2022-2027. 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. 

 

 
 

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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 at the global and regional level from 2022-2027. Our report has categorized the market based on product, component and application.

Breakup by Product:

 

 
 

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  • Smart Bands
  • Smart Watches
  • Smart Clothing
  • Smart Glasses
  • Head Mounted Displays (HMD)
     

Based on the product, smart watches currently represent the biggest category in the market. Other products include smart bands, smart clothing, smart glasses and head mounted displays (HMD).

Breakup by Component:

  • Networking and Positioning Components
  • Power Supply Components
  • Sensing Components
  • Optoelectronic and Display Components
  • Control Components
  • Interface Components
     

Based on the component, 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:

  • Healthcare Applications
  • Consumer Applications
  • Sports and Fitness Applications
  • Industrial and Commercial Applications 
  • Others
     

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:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

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.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being NuMetrex Adidas, Apple Inc., BAE Systems plc, CARRÉ TECHNOLOGIES INC., Fitbit Service, Garmin Ltd., Google LLC, Aliph Brands LLC, Kopin Corporation, LG Electronics, OHMATEX A/S, OMsignal, Nike, Inc., Recon Instruments Inc., Rockwell Collins, Samsung Electronics, Seiko Epson Corporation, Sony Corporation and Vuzix Corporation.

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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 NuMetrex Adidas, Apple Inc., BAE Systems plc, CARRÉ TECHNOLOGIES INC., Fitbit Service, Garmin Ltd., Google LLC, Aliph Brands LLC, Kopin Corporation, LG Electronics, OHMATEX A/S, OMsignal, Nike, Inc., Recon Instruments Inc., Rockwell Collins, Samsung Electronics, Seiko Epson Corporation, Sony Corporation and Vuzix Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
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:

  • How has the global wearable electronics market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global wearable electronics industry?
  • What has been the impact of COVID-19 on the global wearable electronics industry?
  • What are the key product types in the global wearable electronics industry?
  • What is the breakup of the global wearable electronics market by component?
  • What are the major application segments in the global wearable electronics industry?
  • What are the various stages in the value chain of the global wearable electronics market?
  • What are the key driving factors and challenges in the global wearable electronics market?
  • What is the structure of the global wearable electronics market and who are the key players?
  • What is the degree of competition in the global wearable electronics market?
  • How are wearable electronics manufactured?

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Wearable Electronics Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product
    5.5    Market Breakup by Component
    5.6    Market Breakup by Application
    5.7    Market Breakup by Region
    5.8    Market Forecast
        5.8.1    Volume Trends
        5.8.2    Value Trends
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Marketing
        5.10.6    Distribution
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    Price Analysis
6   Market Breakup by Product
    6.1    Smart Bands
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Smart Watches
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Smart Clothing
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Smart Glasses
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Head Mounted Displays (HMD)
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Component
    7.1    Networking and Positioning Components
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Power Supply Components
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Sensing Components
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Optoelectronic and Display Components
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Control Components
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Interface Components
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Application
    8.1    Healthcare Applications
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Consumer Applications
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Sports and Fitness Applications
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Industrial and Commercial Applications 
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Europe
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Asia Pacific
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Middle East and Africa
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Latin America
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Wearable Electronics Manufacturing Process
    10.1    Product Overview
    10.2    Raw Material Requirements
    10.3    Manufacturing Process
    10.4    Key Success and Risk Factors
11  Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players
        11.3.1    NuMetrex Adidas
        11.3.2    Apple Inc.
        11.3.3    BAE Systems plc
        11.3.4    CARRÉ TECHNOLOGIES INC.
        11.3.5    Fitbit Service
        11.3.6    Garmin Ltd.
        11.3.7    Google LLC
        11.3.8    Aliph Brands LLC
        11.3.9    Kopin Corporation
        11.3.10    LG Electronics
        11.3.11    OHMATEX A/S
        11.3.12    OMsignal
        11.3.13    Nike, Inc.
        11.3.14    Recon Instruments Inc.
        11.3.15    Rockwell Collins
        11.3.16    Samsung Electronics
        11.3.17    Seiko Epson Corporation
        11.3.18    Sony Corporation
        11.3.19    Vuzix Corporation

List of Figures

Figure 1: Global: Wearable Electronics Market: Major Drivers and Challenges
Figure 2: Global: Wearable Electronics Market: Sales Volume (in Million Units), 2016-2021
Figure 3: Global: Wearable Electronics Market: Sales Value (in Billion US$), 2016-2021
Figure 4: Global: Wearable Electronics Market: Breakup by Product (in %), 2021
Figure 5: Global: Wearable Electronics Market: Breakup by Component (in %), 2021
Figure 6: Global: Wearable Electronics Market: Breakup by Application (in %), 2021
Figure 7: Global: Wearable Electronics Market: Breakup by Region (in %), 2021
Figure 8: Global: Wearable Electronics Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 9: Global: Wearable Electronics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Wearable Electronics Industry: SWOT Analysis
Figure 11: Global: Wearable Electronics Industry: Value Chain Analysis
Figure 12: Global: Wearable Electronics Industry: Porter’s Five Forces Analysis
Figure 13: Global: Wearable Electronics (Smart Bands) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Wearable Electronics (Smart Bands) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Wearable Electronics (Smart Watches) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Wearable Electronics (Smart Watches) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Wearable Electronics (Smart Clothing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Wearable Electronics (Smart Clothing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Wearable Electronics (Smart Glasses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Wearable Electronics (Smart Glasses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Wearable Electronics (Head Mounted Displays) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Wearable Electronics (Head Mounted Displays) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Wearable Electronics (Networking and Positioning Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Wearable Electronics (Networking and Positioning Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Wearable Electronics (Power Supply Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Wearable Electronics (Power Supply Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Wearable Electronics (Sensing Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Wearable Electronics (Sensing Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Wearable Electronics (Optoelectronic and Display Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Wearable Electronics (Optoelectronic and Display Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Wearable Electronics (Control Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Wearable Electronics (Control Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Wearable Electronics (Interface Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Wearable Electronics (Interface Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Wearable Electronics (Healthcare Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Wearable Electronics (Healthcare Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Wearable Electronics (Consumer Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Wearable Electronics (Consumer Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Wearable Electronics (Sports and Fitness Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Wearable Electronics (Sports and Fitness Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Wearable Electronics (Industrial and Commercial Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Wearable Electronics (Industrial and Commercial Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Wearable Electronics (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Wearable Electronics (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: North America: Wearable Electronics Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: North America: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Wearable Electronics Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia Pacific: Wearable Electronics Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia Pacific: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Middle East and Africa: Wearable Electronics Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Middle East and Africa: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Latin America: Wearable Electronics Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Latin America: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Wearable Electronics Manufacturing: Detailed Process Flow
 
List of Tables

Table 1: Global: Wearable Electronics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Wearable Electronics Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Wearable Electronics Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Wearable Electronics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Wearable Electronics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Wearable Electronics: Raw Material Requirements
Table 7: Global: Wearable Electronics Market: Competitive Structure
Table 8: Global: Wearable Electronics Market: Key Players


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