Wearable Technology Market Expected to Reach $196.5 Billion By 2022
“Increasing Smartphone Penetration Worldwide Is Expected To Propel Industry Growth Over The Forecast Period, Owing To Increasing Wearable Device Compatibility.�
Global Wearable Technology Market is anticipated to reach USD 196.5 billion by 2022, according to a new study by Grand View Research, Inc. Research and development investment by large number of industry player is expected to fuel growth over the forecast period. Increasing disposable income worldwide is expected to fuel industry growth over the forecast period. Technological advancement, price, quality, and battery life influence the buying decision of the end-users. The emergence of 3D printing solution and crowd funding is expected to positively impact the wearable technology market. Access Full Research Report on Wearable Technology Market: http://www.grandviewresearch.com/industry-analysis/wearable-technologymarket Increasing smartphone penetration worldwide is expected to propel industry growth over the forecast period, owing to increasing wearable device compatibility.
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Advancement in semiconductor electronics is expected to favour more efficient and effective products, thereby fuel revenue growth over the next seven years. Various health and economic benefits are expected to contribute to overall industry development. For instance, advertisement agencies can bring down research cost through the use of eye-wear, which can allow enhanced data collection of customers’ feedbacks. Low battery life and high cost of some of the devices may hinder the industry growth over the forecast period. Data privacy concern may also adversely affect the industry demand. Further key findings from the study suggest:
The global industry is innovation driven and continuously evolving. The products available in the market include wrist-wear, neck-wear, body-wear, eye-wear and foot-wear. Companies such as Nike, Garmin, GOQii are offering wrist-wear for fitness and sport and healthcare application.
Applications include healthcare, fitness and wellness, infotainment, enterprise and industrial, and defence. Increasing concern about fitness and health among urban population is anticipated to drive demand over the forecast period. Advancement in virtual reality technology is expected to favour the infotainment segment over the next seven years. Government initiative to enhance their defence capability and provide soldiers with advanced technology is anticipated to drive investment in this sector.
North America wearable technology market is estimated to be the key regional segment and is anticipated to grow at a CAGR of around 32% over the next seven years. Increasing in awareness about the benefit of this technology will drive demand in Asia Pacific over the forecast period. Asia Pacific is expected to be key component manufacturing hub over the forecast period owing to availability of cheap resources. The region was valued over USD 3 billion in 2014, and is expected to grow at a CAGR of over 36% from 2015 to 2022.
Companies operating in the industry include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. In March 2014, Google Inc. launched Android operating system
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for wearable technology. CuteCircuit Technologies is a company that designs and develops wearable garments for both men and women. Read Our Blogs from Same Category By Grand View Research: http://www.grandviewresearch.com/blogs/technology Table of Content of Wearable Technology Market Research Report: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Wearable technology - Industry snapshot and key buying criteria, 2012 - 2022 Chapter 3. Wearable Technology Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. Wearable technology value chain analysis 3.4. Wearable technology market dynamics 3.4.1. Market driver analysis 3.4.1.1. Increasing smartphones & multimedia device demand 3.4.1.2. Increasing infrastructure developments in mobile industry 3.4.1.3. Rising disposable income 3.4.2. Market restraint analysis 3.4.2.1. Data privacy concern 3.5. Key opportunities prioritized 3.6. Industry analysis - Porter's
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3.7. Key competitors analysis, 2014 3.8. Wearable technology market PESTEL analysis, 2014 Chapter 4. Wearable Technology Product Outlook 4.1. Wearable technology market share by product, 2014 & 2022 4.2. Wrist-wear 4.2.1. Global market estimates and forecasts, 2012 - 2022 4.3. Eye-wear 4.3.1. Global market estimates and forecasts, 2012 - 2022 4.4. Foot-wear 4.4.1. Global market estimates and forecasts, 2012 - 2022 4.5. Neck-wear 4.5.1. Global market estimates and forecasts, 2012 - 2022 4.6. Body-wear 4.6.1. Global market estimates and forecasts, 2012 - 2022 4.7. Others 4.7.1. Global market estimates and forecasts, 2012 - 2022 Chapter 5. Wearable Technology Application Outlook 5.1. Wearable technology market share by application, 2014 & 2022 5.2. Fitness and wellness 5.2.1. Global market estimates and forecasts, 2012 - 2022 5.3. Healthcare 5.3.1. Global market estimates and forecasts, 2012 - 2022 5.4. Infotainment 5.4.1. Global market estimates and forecasts, 2012 - 2022 5.5. Defense 5.5.1. Global market estimates and forecasts, 2012 - 2022 5.6. Enterprise and industrial
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5.6.1. Global market estimates and forecasts, 2012 - 2022 Chapter 6. Wearable Technology Regional Outlook 6.1. Wearable technology market share by region, 2014 & 2022 6.2. North America 6.2.1. Wearable technology market by product, 2012 - 2022 6.2.2. Wearable technology market by application, 2012 - 2022 6.3. Europe 6.3.1. Wearable technology market by product, 2012 - 2022 6.3.2. Wearable technology market by application, 2012 - 2022 6.4. Asia Pacific 6.4.1. Wearable technology market by product, 2012 - 2022 6.4.2. Wearable technology market by application, 2012 - 2022 6.5. Rest of World (RoW) 6.5.1. Wearable technology market by product, 2012 - 2022 6.5.2. Wearable technology market by application, 2012 - 2022 Chapter 7. Competitive Landscape 7.1. Adidas Ag 7.1.1. Company Overview 7.1.2. Financial Performance 7.1.3. Product Benchmarking 7.1.4. Strategic Initiatives 7.2. Apple Inc. 7.2.1. Company Overview 7.2.2. Financial Performance 7.2.3. Product Benchmarking 7.2.4. Strategic Initiatives 7.3. Fitbit
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7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Initiatives 7.4. Garmin 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Initiatives 7.5. Google Inc. 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Initiatives 7.6. Jawbone 7.6.1. Company Overview 7.6.2. Financial Performance 7.6.3. Product Benchmarking 7.6.4. Strategic Initiatives 7.7. Nike, Inc. 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Initiatives 7.8. Samsung Electronics Co. Ltd. 7.8.1. Company Overview 7.8.2. Financial Performance
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7.8.3. Product Benchmarking 7.8.4. Strategic Initiatives 7.9. Sony Corp 7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Initiatives 7.10. Xiaomi 7.10.1. Company Overview 7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Initiatives About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com Web – http://www.grandviewresearch.com/
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