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Wearable Technology Market Growth Analysis, Global Opportunities, Emerging Technologies, Development Strategy, Future Plans, Competitive Landscape and Potential of Industry from 2018-2022

(February 27, 2018)


"Market Research Future"
Market Research Future published a research report on “Wearable Technology Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario: 

The electronic gadgets or technology devices that can be worn on the body as an accessory or as a part of clothing are called as wearable technology gadgets. The wearable gadgets use sensors to connect. Rising popularity of smart phones, mobile networks, mobile applications, computing, broadband connectivity and others are the major contributors of wearable technology market.

The wearable technology leads to business opportunities in new markets. Benefits of Wearable technology can be given as the Wearable technology is power efficient, has small footprint and others. The study indicates the adoption of miniaturized sensors, innovations in medical and automotive sectors are driving the Wearable Technology Market. Factors such as many niche markets, less competitors, low barriers and no standard devices type would boost the wearable technology market by the forecast period.

The wearable technology can be differentiated depending on the product type as wristwear, Headwear and Eyewear, Neckwear, Smart Clothing, Wearable cameras and Implants. The wristwear devices available in market include fit-bands, smart watches and others, the head wear and eyewears devices available in market are head-mounted display and Google glass. As the wearable devices are still in development phase and very new to the market, usability is an issue in the wearable technology market. Wearable devices have a low battery life which is one of the restraining factor for wearable technology market. 

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The global industrial automation market is expected to grow at USD ~50 Billion by 2022, at ~16% of CAGR between 2016 and 2022.

Regional Analysis:

The regional analysis of Wearable technology is being studied for region such as Asia pacific, North America, Europe and Rest of the World. It has been observed that North America would dominate the wearable technology market owing to factors such as higher health concerns and awareness of product usage. The wearable technology market shows a steady and considerable growth in Europe.

Asia Pacific wearable technology market is expected to show a positive growth over the forecast period owing to factors such as rising tech-savvy population and increasing awareness. In Asia-Pacific countries like China, India and others there is high penetration of smart phones and rising internet mobility due to which the study reveals that these countries would show a sudden hike in wearable technology market by the forecast period.

Key Players

The prominent players in the Wearable technology market are Adidas AG (Germany), Xiaomi Inc. (China), Apple Inc. (U.S.), Google Inc. (U.S.), Garmin Ltd. (U.S.), Fitbit (U.S.), Jawbone (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Qualcomm Technologies, Inc. (U.S.), Nike, Inc. (U.S.), Lifesense Group (The Netherlands),  Misfit, Inc. (U.S.) among others.

Wearable technology Market Segmentation

Wearable Technology Market has been segmented on the basis of product, technology, components and application. Looking through the product segment it’s been observed that wristwear products are dominating the wearable technology market where as the smart clothing’s products are expected to show a substantial increase in Wearable technology market. The wearable technology market is dominated by consumer electronics sector. However the fitness and wellness sector and the healthcare sector are showing a positive growth towards wearable technology.

Recently, it has been observed that many companies are developing new wearable technologies for the smart clothing segment. Google Inc. is going to launch a new wearable technology named Jacquard, it a smart- jacket. Many other companies like Nike, Adidas have their wearable products like smart t-shirts, smart shoes and others.

Get complete Report @ https://www.marketresearchfuture.com/reports/wearable-technology-market-2336

Intended Audience

  • Technology investors
  • Consumer wearable manufacturers
  • Healthcare-related product manufacturers
  • Integrated device manufacturers (IDMs)
  • Wearable electronics technology platform developers
  • Original  manufacturers (OEMs)
  • Smart grid integrators
  • Surface mount component device distributors and providers
  • Research/Consultancy firms

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Media Contact

Company Name: Market Research FutureContact Person: Akash Anand


Email: akash.anand@marketresearchfuture.com
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune -
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/wearable-technology-market-2336



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