Wearable Computing Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021-2026) Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
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• The global Wearable Computing Market is estimated to surpass $92.1 billion mark by 2026 growing at an estimated CAGR of more than 20.1% during the forecast period 2021 to 2026. The Wearable Computing market is projected to witness substantial growth over the forecast period primarily due to advancement of technologies in which the electronic devices are embedded with the wearable such as fitness tracker, smart wrist watch and others as well as deployment in personal area networks. Adoption of smart wearable like smart watches and wrist bands are potential driving factor for the market. The majorly deployed industries are health care and Entertainment.
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Key Takeaways The increasing adoption of smart watches and wristbands among consumers is one of the major factors driving growth of the wearable computing devices market. Increasing popularity towards fitness helps the trainers and doctors to keep track about their clients as they can be used to track heartbeat rate, BP, body temperature and others. It is easy analyse these without visiting hospital or any lab. Increasing advancement of IoT, Sensor has driven the market towards the wearable. North America is expected to dominate the market in the forecasted period. This growth is attributed with increasing heart related diseases, Obesity, Diabetics, and other chronic diseases. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis The wearable computing market is segmented into Computing technologies, Display technologies, Networking technologies, Augmented Reality and others based on technology. Increasing adoption of display technologies and computing technologies in smart watches, smart bands and other devices are the driving factors for the market. Increasing adoption of OLED micro display as it is light weight and energy efficient has increased the growth of wearable market. AR eyewear is increasing in adoption for the gaming industry which in turn improves the demand for wearable computing market.
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Wearable Computing Market Industry Outlook • • • • • • • •
Fitbit, Inc Apple, Inc Adidas AG Nike Google LLC Motorola Mobility Holding Pebble technology Samsung electronics
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