Wearable technology facilities to embed the special features into regularly used apparels and textiles, thereby enabling their smart use in daily routine life to ease and regulate the accessing of devices and monitoring individual routine. Wearable technology comprises devices, clothing and other accessories integrated with advance computing & electronic features. Thus, it enhances the use of technology for daily activities, thereby becoming the consumer face of Internet of Things (IoT). Some of the products embedded with wearable technology includes smart glasses/goggles, footwear, fitness wear and electronic gadgets like wrist watches, wrist bands, and jewelries.
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Embedded with advance technology functions, electronic wearables are one of the most spoken content amongst the technologists seeking huge market in the near future. Involving features such as sensors and actuators, image and speech recognition, positioning and networking chips, displays and optoelectronics and specialty monitoring devices, emphasize the use of wearable technology in health monitoring, fitness monitoring, entertainment and business applications in stretchable electronics, flexible circuits, conducting fabrics, batteries, and wearable sensors among others.
Apart from apparel and textile industries, where the use of wearable technology has acquired decent level in market presently, it is expected that the healthcare and infotainment industries would serve as key opportunities for the global wearable technology market during the forecast period. On other hand, similar competition is expected to be seen within the fashion & electronics industries. Although being a disruptive new technology, global wearable technology market is expected to establish substantial shares in industrial, commercial and military applications.
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The global wearable technology market has been segmented on the basis of applications into infotainment, fitness & wellness, healthcare & medical, industrial & military, safety & security, and fashion & lifestyle. The global wearable technology market has been further segmented by products into smart clothing & smart glasses, sleep sensors, smart watches, activity monitors, continuous glucose monitor, heart rate monitors (HRMs), augmented reality headsets, drug delivery devices, hand worn terminals, wearable patches, and jewelries (such as ring, bracelets, neck pieces, pendants, earrings and clutches among others).
Currently, North America leads the global wearable technology market, owing to a number of wearable technology products manufacturers, both established or emerging, headquartered in the region and actively involved in launching a number of key products. In addition, Europe wearable technology market is expected to be continually growing market owing to rising demand of wearable products from healthcare & medical, and industrial & military industries. Asia Pacific (APAC) is another promising region for the wearable technology market owing to a huge base of users demanding wearable electronic devices. Thus, with a large number of potential users, specifically in China and India, APAC would be the leading geography in near future and a strong battle ground for economically strong and emerging giants promoting wearable technology devices round the globe. A moderate growth is expected to be observed in South America due to language barrier and lack of awareness about wearable technology and wearable products.
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Table of Contents:
- Table of Contents
- Key Takeaways
- Wearable Technology Market Landscape
- Wearable Technology Market – Key Industry Dynamics
- Wearable Technology Market – Five Forces Analysis
- Global Wearable Technology Market Analysis
- Global Wearable Technology Market Revenue and Forecasts to 2025 – Applications
- Global Wearable Technology Market Revenue and Forecasts to 2025 – Products
- Global Wearable Technology Market Revenue and Forecasts to 2025 – Geographical Analysis
- Global Wearable Technology Market, Key Company Profiles
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