Wearable Computing Market Size
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Wearable Computing Market Size. The growth sectors of the Wearable Computing Market Size are identified with precision for a better growth perspective.
Wearable computing is technological trend which is increasingly creating an impact in daily life. These devices are embedded into clothes, glasses, watches and shoes. Going further, these devices are useful to click the pictures and is anticipated to be able to upload on social networking sites. However, technical expertise and utilization of technology on a large scale is expected to be a major concern for the wearable computing market over the review period.
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The wearable computing market is bifurcated as technology, product, and end user. By technology, wearable computing is divided into display technologies, networking technologies, computing technologies and other technologies. The display technologies sub segment comprises augmented reality and virtual reality. Additionally, the networking technologies is classified into Wi-Fi and Bluetooth. Based on product, the wearable computing is further sub categorized into smart clothing & textiles, activity monitoring device, wearable camera and virtual reality eyewear. Lastly, the end user segment includes defense & security, home automation, medical & healthcare, enterprise & industrial, fitness &wellness, infotainment, gaming and other applications.
Key Players
Some of the key players of Wearable Computing market include Nike Inc. (U.S.), Pebble Technology Corporation (U.S.), Valve Corporation (U.S.), Zephyr Technology Corporation (U.S.), Samsung Electronics Co., Ltd (Republic of Korea), Smartlife Technology Ltd (Manchester), Fitbit Inc. (U.S.), Apple Inc. (U.S.), Adidas AG (Germany), LG Electronics, Inc. (Republic of Korea), Motorola Mobility Holdings, Inc. (U.S.), Sony Corporation (Japan), Philips Healthcare (Amsterdam), Microsoft Corporation (U.S.), and Boston Scientific Corporation (U.S.)
Regional Analysis
Geographically, the wearable computing are categorized into four different regions such as North America, Asia Pacific, Europe and the Rest of the World.
North America is expected to be a prominent region in the wearable computing market over forecast period. The U.S. and Canada are the leading countries in the region owing to increasing awareness and rising popularity among the people about wearable technology. However, the U.S has a highly advanced technological infrastructure which has made them early adopters of technology. In the light of these factors, the wearable computing market is anticipated to be driven over the review period 2017-2023. Europe is also estimated to have a significant growth in the wearable computing market over the next few years. The countries such as Germany, France and the U.K are the leading countries in the region owing to growing number of wearable device manufacturer in the European region.
Owing to, rise in awareness of wearable technology in medical and health segment, Asia Pacific region is expected to have a substantial growth over the forecast period 2017-2023.
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Like the influential forces of technology, other factors, such as an increase in the comfort threshold of people, purchasing power of people, and availability of proper equipment are casting an impact on the global market of wearable computing.Market Research Future (MRFR), in its newest “Wearable Computing Market” report, states that the global market of wearable computing is expected to strike 15% CAGR between 2017 and 2023.
The greater convenience offered by wearable computing tools in almost every activity is expected to spur the global market growth.
In the recent world, where people are aspiring for a healthy lifestyle amidst their hectic work schedule, they need devices that are portable and can easily record their activities.
Smart garments are fabricated with silver-coated fibres.
It acts as a sensor and streams real-time data to a smartphone.
Head-mounted displays are wearable computing gadgets that deliver information straight into the eyes.
Market Highlights:Wearable computing is a shared relationship between man and machine.
This creates a unique differentiation between wearable computers and portable machines such as hand held devices and laptop computers which intensify the bond between human and computer to evolve the wearable computing as a concept of human intelligence.
The human intelligence is a framework which is an outcome of a communication bond between human and computational process.
For instance, a wearable device can be transformed into electric eyeglass where the user can interact and analyze the device without any interruption.The wearable computing technique are extensively used in different technologies such as augmented reality, diminished reality and mediated reality.
With the constant evolving technologies, the computing techniques can be implemented into smart watches and wristbands.The rising need and increase in adoption of techniques in wearable health and medical devices are expected to drive the Wearable Computing Market over the forecast period.
Additionally, diffusion of smart clothing in the European region in large investment is presumed to be gaining prospect over the next few years.On the other hand, high initial price range of wearable devices and lack of technical know-how are presumed to hinder the growth of wearable computing market over the review period.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5375Segmentation:The wearable computing has been categorized into technology, product, and end user.Based on the technology, the wearable computing is sub divided into display technologies, networking technologies, and other technologies.
Wearable Computing MarketThe global wearable computing market is expected to grow at a CAGR of 15% and attain USD 35 Bn by the end of the forecast period of 2017–2023, as per a research report published by Market Research Future (MRFR).
The market is set to expand rapidly and gain prominence over the years.
Wearable computing technology is largely being used in fitness wellness and life-tracking applications such as smart sports glasses, activity monitors and sleep monitors which is gaining popularity among consumers who are keen on tracking man aspects of their lives.
Wearable computing has the ability to make health care more efficient by facilitating virtual monitoring service for chronic diseases and is finding fast adoption in the healthcare sector.
Novel developments are being added to the healthcare sector with the help of wearable computing technology such as digital medicines which is expected to bolster the growth of the market.
Extensive smartphone adoption is a factor which is likely to increase the chances of buying wearable computing devices that are tethered to those phones.
Wearable Computing Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Wearable Computing industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Wearable Computing manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Wearable Computing market covering all important parameters.The key ponits of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Wearable Computing industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Wearable Computing industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Wearable Computing Industry before evaluating its feasibility.Key Benefits for Wearable ComputingMarket:This study includes the global Wearable Computingmarket analysis, trends, and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and global Wearable Computingmarket opportunity.The global Wearable Computingmarket size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the Wearable Computingindustry.Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-wearable-computing-2019-2024-192There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Wearable Computing as well as some small players.
At least 8 companies are included: Apple Inc. (U.S.) Motorola Holdings LLC (U.S.) Google Inc. (U.S.) LG Corporation (South Korea)To know more competitorThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of Wearable Computing market in gloabal and china.
Computing Display NetworkingFor end use/application segment, this report focuses on the status and outlook for key applications.
