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Wearable Devices Market Forecast Analysis : Nokia Technologies, Jawbone, Polar Electro, World Global Network

Wearable Devices Market By Product Type (Wristwear, Eyewear, Footwear, Neckwear, Bodywear, Others), Industry (Consumer Products, Healthcare, Industrial, Others), Type (Smart Textile (Passive, Active, Ultra Smart), Non-Textile), End Users (Personal Users, Enterprises), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa and Rest of the World) – Industry Trends & Forecast to 2026

The Wearable Devices Market report consists of explicit and up to date information about the consumer’s demands, their inclinations, and their variable likings about particular product. The information and data cited in this Wearable Devices Market report is collected from the trustworthy sources such as websites, journals, mergers, and annual reports of the companies. With this market report it becomes easier to establish and optimize each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. This Wearable Devices Market report takes into account the comprehension of your business goals and requirements to bridge the gap by delivering you with the most proper and suitable solutions.

Few of the major competitors currently working in the wearable devices are Fitbit, Inc. (US), Koninklijke Philips N.V. (Netherlands), BioTelemetry, Inc. (Switzerland), Garmin Ltd. (Switzerland), and OMRON Corporation (Japan). Drägerwerk AG & Co. KGaA (Germany), Nokia Technologies (US), Jawbone (US), Polar Electro (Finland), World Global Network (US), Activeinsights (UK), VitalConnect (US), Xiaomi (China), Misfit (US), and Monica Healthcare (UK) Adidas AG, Apple, Inc.(US) , Google, Inc. (US), , LG Electronics Inc. (South Korea), Nike, Inc (US)., Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), and Xiaomi Technology Co., Ltd. (China) among other vernacular players..

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Global Wearable Devices Market is expected to rise from its initial estimated value of USD 24.53 billion in 2018 to an estimated value of USD 88.53 billion by 2026, registering a CAGR of 17.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing penetration of smartphones and also improving phone-based healthcare apps compatible with wearable devices.

Market Definition: Wearable technology device isthat type of device which can be worn by a consumer and it gives information regarding to health and fitness. These Devices are hands-free gadgets with practical uses, powered by microprocessors and enhanced with the ability to send and receive data.

According to statistics, the number of connected wearable devices worldwide is expected to jump from an estimate of 325 million in 2016 to over 830 million in 2020. This significant number is expected to act as a driver to the market growth.

Market Drivers

  • There is an increase in technological advancements in wearable medical devices which is expected to act as a driver to the market growth
  • There is rise in preference for wireless connectivity among healthcare providers which is expected to act as a driver to the market growth

Segmentation: Global Wearable Devices Market

By Product Type

  • Wrist-wear
  • Eyewear
  • Footwear
  • Neckwear
  • Body wear
  • Others

By Industry

  • Consumer Products
  • Healthcare
  • Industrial
  • Others

By Type

  • Smart Textile
  • Passive
  • Active
  • Ultra-Smart
  • Non-Textile

By End Users

  • Personal Users
  • Enterprises

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

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Key Developments in the Market:

  • In April 2019, Fitbit announced that Fitbit and Snap launched first-ever bitmoji clock face integration on fitbit smartwatches, that provide dynamically updates throughout the day based on your personal health and fitness data.
  • In March 2019, Fitbit announced four new Wearables products for Making Health and Fitness Accessible and Affordable to More Consumers Worldwide.

Competitive Analysis:

Global wearable devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wearable devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

  • Current and future of global wearable devices market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Table of Content: Global Wearable Devices Market

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Wearable Devices Market Landscape

Part 04: Global Wearable Devices Market Sizing

Part 05: Global Wearable Devices Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Last Updated: 20-Oct-2020