Wearable Technology Components Global Market – Overview
The global wearable technology components market demand is growing due to the increase in disposable income of the people and awareness about the new technology is also helping this market to grow in coming years. According to a recent study report published by the Market Research Future, the global market of Wearable Technology Components is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2018-2023.
The prominent players in the market of Wearable Technology Components Market are: blue spark technologies, Enocean gmbh, e ink corporation, Flexel LLC, IMPRINT ENERGY, HZO inc, Invensense inc, Murata Manufacturing Co. Ltd., Infinite Power solutions, Qualcomm Incorporated, Plastic logic among others.
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May, 2018 – Kopin Corporation, a global pioneer in wearable technologies for training and simulation, industrial and enterprise markets, unveiled its Golden-I Infinity smart screen, the first voice- and gesture-controlled wearable device that supports Android and Windows 10-based computing solutions.
June 2018 – Sonion, a leading provider of micro acoustic and micro mechanical technologies & solutions for hearing instruments and specialty earphones, entered into partnership with Valencell, a leading innovator in wearable biometric sensor technology, to expand the boundaries for the use of biometric sensors in the ear. Valencell provides the industry’s most advanced biometric sensor modules for hearables and wearables, which Sonion is willing to optimize for size, power consumption and cost for in-ear and on-ear applications.
May 2018: Honeywell released a handsfree, wearable Connected Plant technology that allows industrial workers to accomplish their tasks in the plant or the field more safely, reliably and efficiently. Intelligent Wearables feature includes a head-mounted visual display that responds to voice and brings live data, documents, work procedures.
Wearable Technology Components Global Market – Competitive Analysis
The market of Wearable Technology Components appears to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Wearable Technology Components Global Market – Segmentation
The Wearable Technology Components market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation By Wearable electronics component: Control Components, memory (volatile memory & non-volatile memory), battery, sensing components (sensors, actuators & transducers), connectivity, display & optoelectronic components and other components.
- Segmentation By Wearable product electronic components: Smart watches key electronic components, wrist wear key electronic components, smart glasses key electronic components, HMD/HUD key electronic components and smart Textiles key electronic components.
- Segmentation By Regions: Geographical Regions – North America, Europe, Asia Pacific and Rest Of The World.
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Wearable Technology Components Global Market – Regional Analysis
North America is dominating the global Wearable Technology Components market with the largest market share owing to presence of major players such as E Ink Corporation, Imprint Energy Inc., HZO Inc., and Invensense Inc., in the region. Global Wearable Technology Components market in European market is expected to grow at a substantial high CAGR during 2017 to 2023. The Asia Pacific market for Wearable Technology Components market is expected to grow at a considerable CAGR (2017-2023) due to growing semiconductor industries.
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