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Pulished Date April, 2021
ID: 8543
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Wearable Technology Market Report - Segmented By Product (Wrist wear, Headwear/Eyewear, Footwear, Neckwear, Body wear), by Type (Smart Textile, Non-Textile), Application (Consumer Electronics, Healthcare, Enterprise & Industrial), & by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2021-2026)

Pulished: April, 2021
ID: 8543
Pages: 170

Wearable Technology Market Size and Growth Analysis (2021–2026)

Wearable Technology Market is expected to grow from USD 28.51 billion in 2020 to USD 61.54 billion by 2026, with a high growth rate of 16.61% in terms of CAGR for the forecasted period of 2021 to 2026. North America has globally dominated this market and is followed closely by Europe and the Asia Pacific regions.

North America has globally dominated this market and is followed closely by Europe and Asia Pacific regions.

Wearable Technology Market Size (2020 - 2025)

Recent Industry Developments

In October 2018, the company named Fitbit had launched a new product “Fitbit Charge 3”, a smart band for fitness tracking which is said to automatically capture the user’s fitness activity such as steps, distance, heart rate, floors climbed, hourly event, active minutes, and calories burned.

In 2018, Apple, Inc. came up with a new updated version of their smartwatch gadget, the Apple Watch Series 4 that comes with some advanced features such as water resistance up to 50 meters, a built-in global positioning system (GPS), bright display, and dual-core process enabled.

A recent study has published regarding the Wearable devices mentioning that these are compelling tools that keep patients involved and invested in their health. The most frequent users of wearable devices are people who are less healthy than average and more likely to need to be hospitalized. Devices like activity trackers help customers stay more active and more vigorous on their own, decreasing their need to see a doctor; while more advanced devices can monitor patient health metrics such as blood pressure, heart rate, and diet on the go. Instead of having to go to a clinic for monitoring, patients can do it at home and always be connected to a doctor. If a monitored patient’s blood pressure spikes, the doctor can receive a notification and take action.

Samsung Electronics Co., Ltd in 2016, December has entered into a partnership with a company named Lonely Planet, which is the largest travel guide book publisher for up-gradation of their smartwatch features.

Market Drivers & Restraints

The primary factors that are driving the Wearable Technology market are growing consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays in wearable devices and the growing popularity of Internet of Things (IoT) and connected devices. While these factors drive the market forward, there are also some restraining factors that are hindering the market growth like the shorter life cycle of the consumer electronics products, fierce competition and high costs of manufacturing, etc.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020–2026

Base Year

2020

Forecast Period

2021-2026

Fastest Growing Market

Asia Pacific

Largest Market

North America

CAGR

16.61%

Segments Covered

Type, Product, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Fitbit, Inc. (U.S.), Apple, Inc.(U.S.), Xiaomi Technology Co. Ltd. (China), Garmin Ltd. (U.S.), Samsung Electronics Co., Ltd.(South Korea), Guangdong BBK Electronics Co., Ltd (China), Misfit, Inc. (U.S.), Alphabet, Inc. (U.S.), LG Electronics Inc.(South Korea), Qualcomm Technologies, Inc. (U.S.), Adidas Group (Germany), Sony Corporation (Japan), Jawbone, Inc. (U.S.), and Lifesense Group (The Netherlands) among others.

This global market research report is segmented and segmented as follows:

By Type

  • Wearable Smart Textile
  • Wearable Non-Textile

By Product

  • Wristwear
  • Headwear/Eyewear
  • Footwear
  • Neckwear
  • Bodywear

By Application

  • Consumer Electronics
  • Healthcare
  • Enterprise
  • Industrial

By Region

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

North America Wearable Technology Market has accounted for the largest market share because of the factors like abundant technological innovations and advancements, which led to the introduction of new products and the increasing demand from consumers & medical applications. It is followed by the Asia Pacific, which is the fastest-growing market of wearable technology.

Wearable Technology Market Size By Region (2020 - 2025)

Key Market Players:

Some of the major companies in the wearable technology market include Fitbit, Inc. (U.S.), Apple, Inc.(U.S.), Xiaomi Technology Co. Ltd. (China), Garmin Ltd. (U.S.), Samsung Electronics Co., Ltd.(South Korea), Guangdong BBK Electronics Co., Ltd (China), Misfit, Inc. (U.S.), Alphabet, Inc. (U.S.), LG Electronics Inc.(South Korea), Qualcomm Technologies, Inc. (U.S.), Adidas Group (Germany), Sony Corporation (Japan), Jawbone, Inc. (U.S.), and Lifesense Group (The Netherlands) among others.

According to the latest reports, global smartwatch shipments grew 53% YoY in Q3 2018 with a strong performance from Fitbit, the US-based company, which grew as high as about 348% YoY in Q3 quarter alone. It is one of the prominent key players performing in the wearable technologies market with a strong presence of its brand over the global market due to its online retail business expansions reaching as far as to developing countries like India, Srilanka and a few African nations.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Wearable Technology Market, By Product                    

                                6.1.1 Wrist wear              

                                6.1.2 Headwear               

                                6.1.3 Eyewear   

                                6.1.4 Footwear 

                                6.1.5 Neckwear

                                6.1.6 Bodywear

                                6.1.7 Market Size Estimations & Forecasts (2021-2026)

                                6.1.8 Y-o-Y Growth Rate Analysis             

                                6.1.9 Market Attractiveness Index          

                6.2 Wearable Technology Market, By Type                          

                                6.2.1 Smart Textile          

                                6.2.2 Non-Textile            

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Wearable Technology Market, By Application                             

                                6.3.1 Consumer Electronics         

                                6.3.2 Healthcare              

                                6.3.3 Enterprise & Industrial       

                                6.3.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2021-2026)

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product              

                                7.2.3 By Type    

                                7.2.4 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product              

                                7.3.3 By Type    

                                7.3.4 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product              

                                7.4.3 By Type    

                                7.4.4 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product              

                                7.5.3 By Type    

                                7.5.4 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product              

                                7.6.3 By Type    

                                7.6.4 By Application        

8. Key Player Analysis                                    

                8.1 Fitbit, Inc.                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Apple, Inc.                  

                8.3 Xiaomi Technology Co. Ltd.                  

                8.4 Garmin Ltd.                

                8.5 Samsung Electronics Co., Ltd.                             

                8.6 Guangdong BBK Electronics Co., Ltd                

                8.7 Misfit, Inc.                   

                8.8 Alphabet, Inc.                            

                8.9 LG Electronics Inc.                    

                8.10 Qualcomm Technologies, Inc.                          

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of  by product,by type,by application,by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  •  
  1. Global Wearable Technology  Market By Region, From 2021-2026 ( USD Billion )
  2. Global Wearable Technology  Market By Product, From 2021-2026 ( USD Billion )
  3. Global Wrist wear Market By Region, From 2021-2026 ( USD Billion )
  4. Global Head wear Market By Region, From 2021-2026 ( USD Billion )
  5. Global Eyewear Market By Region, From 2021-2026 ( USD Billion )
  6. Global Footwear Market By Region, From 2021-2026 ( USD Billion )
  7. Global Neckwear Market By Region, From 2021-2026 ( USD Billion )
  8. Global Body wear Market By Region, From 2021-2026 ( USD Billion )
  9. Global Wearable Technology  Market By Type, From 2021-2026 ( USD Billion )
  10. Global Smart Textile Market By Region, From 2021-2026 ( USD Billion )
  11. Global Non-Textile Market By Region, From 2021-2026 ( USD Billion )
  12. Global Wearable Technology  Market By Application, From 2021-2026 ( USD Billion )
  13. Global Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )
  14. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )
  15. Global Enterprise & Industrial Market By Region, From 2021-2026 ( USD Billion )

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