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Smart Wearable Market – Latest Trends 2021: Global Industry Size and Challenges, Business Growth Insights, Competitive Landscape and Regional Forecast to 2024

Smart Wearable

This “Smart Wearable Market” report provides a thorough analysis of estimating market size and current trends of industry. The report evaluates the important characteristics of the market development status, upcoming opportunities, and growth rate. The research study diminishes the risks involved in making decisions as well as strategies for companies and individuals interested in the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry.

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Market Overview:

  • The smart wearable market was valued a sale of 181.51 million units and is anticipated to register a CAGR of 19.38% over the forecast period (2019-2024). Advancements in research have been leading to increased innovation in the recent years and has been instrumental in driving the demand for the wearable market and led to new product categories like the smart fabrics and hearables, among others which incorporate high-end technology and design in daily living. Lately, the focus has been on providing an aesthetic design to devices to attract the customers.
  • – Wearables imply wristbands that are launched by companies like Fitbit, Jawbone, Apple, and act as activity trackers, which has gained a significant traction, owing to the boom in the fitness trend across consumers.
  • – The smartwatch category is experiencing a rise, owing to additional features, like the brand that suits the everyday lifestyle. Strong brands, such as Apple and Fossil, are keeping the pricing consistent with the price bands of traditional watches, to maintain their revenues. With Google’s WearOS, many other premium watchmakers, such as TAG and Armani, have entered the segment.
  • – Hearables are gaining traction with the increasing acceptance of smart assistants. Companies like Bragi, Google, Apple, Jabra, Samsung, and Sony have been actively contributing to the growth of this segment.

    Smart Wearable Market Covers Manufacturers:

  • Apple Inc.
  • Samsung Electronics Co. Ltd
  • Garmin Ltd
  • Fitbit Inc.
  • Fossil Group Inc.
  • Huawei Technologies Co. Ltd
  • Sony Corporation
  • Microsoft Corporation
  • Bragi GmbH
  • Nuheara Limited
  • Omron Healthcare Inc.
  • Huami Corporation
  • Withings
  • Medtronic PLC
  • AIQ Smart Clothing Inc.
  • Sensoria Inc.
  • GoPro Inc.
  • Transcend Information Inc.
  • Ekso Bionics Holdings Inc.
  • Cyberdyne Inc.

    Scope of the Report:

    Wearable technology is an emerging trend that integrates electronics to the daily activities and fits into the changing lifestyles and can be worn on any part of the body. The market is divided based on product type, such as smartwatch, head-mounted display, smart clothing, ear worn, fitness trackers, body worn, camera, exoskeleton, and medical devices.

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    Some of the Key Questions Answered in this Report:

    • Detailed Overview of Smart Wearable Market will help deliver clients and businesses making strategies.
    • Influencing growth factors that are thriving demand and latest trends running in the market.
    • Smart Wearable Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
    • What trends, challenges and barriers will impact the development and sizing of the Global Smart Wearable Market?
    • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
    • What is the Smart Wearable Market growth momentum or market carries during the forecast period?
    • Which region may tap the highest market share in the coming era?
    • Which application/end-user category or Product Type may seek incremental growth prospects?
    • What focused approach and constraints are holding the Smart Wearable Market demand?

    Key Market Trends:

    Smartwatches to Hold the Major Share

    – Owing to the increasing penetration rates of urbanization, the demand for aesthetically appealing advanced featured products with the ability to better serve the consumers’ daily requirements, such as time schedules, has driven the market for smartwatches, globally.
    – Moreover, the huge millennial population has been adopting smartwatches, owing to the increased spending for their regular work hours tracking as well as luxury standards. According to the International Council of Shopping Centers (ICSC), millennial expenditure is expected to increase across various major economies.
    – In addition, the ongoing technological advancements by the companies are the primary factors stimulating the growth of smartwatches, as it is a completely technical product that requires constant research and development for differentiated features.

    Asia-Pacific to Witness the Fastest Growth Rate

    – Asia-Pacific is expected to witness the highest growth in the smart wearable market during the forecast period. The growing electronics industry coupled with a rapid rise in the disposable income in the region is driving the smart wearable market.
    – In China, the wearables market has taken on a different shape fuelled partly by the purchases of growing affluent consumers. The presences of vendors, such as Xiaomi and Huawei among others add to the growth of the Chinese smart wearables market.
    – Moreover, the demand for fitness trackers in the region is expected to rise, owing to an increase in the population rate, advancement in technology, and stable economic growth. Fitness trackers are widely accepted by Chinese customers, owing to a rise in awareness toward fitness among the people in the country.

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    Target Audience of Smart Wearable Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Smart Wearable Market Report:

    • Analysing various perspectives of the Smart Wearable market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Smart Wearable market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Smart Wearable market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Smart Wearable market studied, during the forecast period
    • The segments that are expected to dominate the Smart Wearable market studied.

    Detailed TOC of Smart Wearable Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Incremental Technological Advancements Aiding the Market Growth
    4.4 Market Restraints
    4.4.1 Data Privacy Concerns Challenge the Market Growth
    4.5 Industry Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 TECHNOLOGY SNAPSHOT

    6 MARKET SEGMENTATION
    6.1 By Product
    6.1.1 Smartwatches
    6.1.2 Head Mounted Displays
    6.1.3 Smart Clothing
    6.1.4 Ear Worn
    6.1.5 Fitness Trackers
    6.1.6 Body Worn Camera
    6.1.7 Exoskeleton
    6.1.8 Medical Devices
    6.2 Geography
    6.2.1 North America
    6.2.2 Europe
    6.2.3 Asia-Pacific
    6.2.4 Latin America
    6.2.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Apple Inc.
    7.1.2 Samsung Electronics Co. Ltd
    7.1.3 Garmin Ltd
    7.1.4 Fitbit Inc.
    7.1.5 Fossil Group Inc.
    7.1.6 Huawei Technologies Co. Ltd
    7.1.7 Sony Corporation
    7.1.8 Microsoft Corporation
    7.1.9 Bragi GmbH
    7.1.10 Nuheara Limited
    7.1.11 Omron Healthcare Inc.
    7.1.12 Huami Corporation
    7.1.13 Withings
    7.1.14 Medtronic PLC
    7.1.15 AIQ Smart Clothing Inc.
    7.1.16 Sensoria Inc.
    7.1.17 GoPro Inc.
    7.1.18 Transcend Information Inc.
    7.1.19 Ekso Bionics Holdings Inc.
    7.1.20 Cyberdyne Inc.

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

    For Detailed TOC Click Here

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