Global Wearable Devices Market, By Product Type (Wristwear, Eyewear, Footwear, Neckwear, Bodywear, Others), By Industry (Consumer Products, Healthcare, Industrial, and Others), By Type (Smart Textile (Passive, Active, Ultra Smart) (Sensing, Energy Harvesting, Luminiscence, Thermo Electricity), Non-Textile), By Technology, By Component, By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trends and Forecast to 2024
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The global wearable devices market USD 17.8 Billion in 2016, and are expected to reach USD 64.6 billion by 2024, growing at a CAGR of 17.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Top Key Players:
- Adidas AG
- Apple, Inc.
- Fitbit, Inc.
- Garmin, Ltd.
- Google, Inc.
- Jawbone, Inc.
- LG Electronics Inc.
- Nike, Inc.
- Pebble Technology Corp.
- Qualcomm, Inc.
- Samsung Electronics Co., Ltd.
- Sony Corporation
- Xiaomi Technology Co., Ltd.
- Among other vernacular players.
The Global Wearable Devices Market report consists of below pages:
- No of pages: 350
- No of Figures: 60
- No of Tables: 220
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Based on industry:
- Consumer Products
The growth of wearable devices market in the consumer products industry is owing to the increasing demands for wristwear and bodywear products growing in this market.
Based on product type:
Wrist wearable products are likely to grow in popularity in the coming years. The market is growing with increasing sales of smartwatches expected to be launched by leading players. It is expected that with major companies foraying into the market such as Apple and Samsung, the look and feel for wearables would increase immensely. These devices are targeting the fashion sense and the health necessity hence doubling the growth of the market. Initially these products were for the priviledged but with Chinese players launching their products in developing nations, the market in South Asian and South American countries are expected to drive the growth of the market.
Based on geography:
- North America
- South America
- Rest Of The World
The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. North America is expected to dominate the market due to strong awareness of pedometers and smart watches in this region. The rising pool of chronic diseases like obesity and diabetes is also the major factors in development of this market.
Frequently Asked Questions:
- What will the market size be in 2024?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
- Which strategies are used by top players in the Global Wearable Devices Market?
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