Market Overview:
The global wearable technology market exhibited strong growth during 2015-2020. Wearable technology is an advanced technological solution used in electronic devices, or gadgets, that can be comfortably worn on the body to track real-time biometric information. These devices can also be embedded into the clothing or implanted in the user’s body. Some of the commonly used devices integrated with wearable technology include smartwatches, head-mounted displays, smart jewelry, implantable devices and fitness trackers that enable the wearer to track pulse rate, heart rate, steps and sleep hours. These gadgets are hands-free and use microprocessors and sensors to receive and track information in real-time.
Significant growth in the healthcare industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, increasing consumer preference for sleek and compact health and fitness devices is providing a thrust to the market growth. As the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the requirement for wearable devices in the healthcare centers. They are used for monitoring the patients under intensive care and as prompt warning systems for the virus infection. Additionally, various product innovations, such as the integration of connected devices with the Internet of Things (IoT), artificial intelligence (AI) and virtual reality (VR), are acting as other growth-inducing factors. Product manufacturers are also developing next-generation displays and miniaturized sensors, which are used in head-mounted displays for high-end gaming and virtual and mixed reality experiences. Other factors, including rising expenditure capacities of the consumers, along with the widespread adoption of wearable devices among professional athletes and recreational fitness enthusiasts, are anticipated to drive the market toward growth. Looking forward, IMARC Group expects the global wearable technology market to grow at a CAGR of around 16% during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wearable technology market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
Breakup by Product:
- Wrist-Wear
- Eye-Wear and Head-Wear
- Foot-Wear
- Neck-Wear
- Body-Wear
- Others
Breakup by Application:
- Consumer Electronics
- Healthcare
- Enterprise and Industrial Application
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alphabet Inc, Apple Inc., Garmin Ltd., HTC Corporation, Huawei Technologies Co. Ltd, Intel Corporation, Microsoft Corporation, Qualcomm Incorporated, Samsung Electronics Co. Ltd. and Sony Corporation.
Key Questions Answered in This Report:
- How has the global wearable technology market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global wearable technology market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global wearable technology market and who are the key players?
- What is the degree of competition in the industry?
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 Technology Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Wrist-Wear
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Eye-Wear and Head-Wear
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Foot-Wear
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Neck-Wear
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Body-Wear
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Consumer Electronics
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Healthcare
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Enterprise and Industrial Application
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Alphabet Inc
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Apple Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Garmin Ltd.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 HTC Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 Huawei Technologies Co. Ltd
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Intel Corporation
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Microsoft Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Qualcomm Incorporated
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Samsung Electronics Co. Ltd.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Sony Corporation
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Wearable Technology Market: Major Drivers and Challenges
Figure 2: Global: Wearable Technology Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Wearable Technology Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Wearable Technology Market: Breakup by Product (in %), 2020
Figure 5: Global: Wearable Technology Market: Breakup by Application (in %), 2020
Figure 6: Global: Wearable Technology Market: Breakup by Region (in %), 2020
Figure 7: Global: Wearable Technology (Wrist-Wear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Wearable Technology (Wrist-Wear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Wearable Technology (Eye-Wear and Head-Wear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Wearable Technology (Eye-Wear and Head-Wear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Wearable Technology (Foot-Wear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Wearable Technology (Foot-Wear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Wearable Technology (Neck-Wear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Wearable Technology (Neck-Wear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Wearable Technology (Body-Wear) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Wearable Technology (Body-Wear) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Wearable Technology (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Wearable Technology (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Wearable Technology (Consumer Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Wearable Technology (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Wearable Technology (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Wearable Technology (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Wearable Technology (Enterprise and Industrial Application) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Wearable Technology (Enterprise and Industrial Application) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Wearable Technology (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Wearable Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: North America: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Canada: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Canada: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia-Pacific: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia-Pacific: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: China: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: China: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Japan: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Japan: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: South Korea: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: South Korea: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Australia: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Australia: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Indonesia: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Indonesia: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Europe: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Europe: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Germany: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Germany: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: France: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: France: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: United Kingdom: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: United Kingdom: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Italy: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Italy: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Spain: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Spain: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Russia: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Russia: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Latin America: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Latin America: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Brazil: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Brazil: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Mexico: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Mexico: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Middle East and Africa: Wearable Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Middle East and Africa: Wearable Technology Market: Breakup by Country (in %), 2020
Figure 75: Middle East and Africa: Wearable Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Global: Wearable Technology Industry: SWOT Analysis
Figure 77: Global: Wearable Technology Industry: Value Chain Analysis
Figure 78: Global: Wearable Technology Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Wearable Technology Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Wearable Technology Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Wearable Technology Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Wearable Technology Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Wearable Technology Market: Competitive Structure
Table 6: Global: Wearable Technology Market: Key Players