Wearable technology components market forecast to 2023 mrfr. Global industry analysis 20142018 and opportunity assessment 20192029 provides the global market dynamics and trends of the wireless charging market across seven regions. Global forecast to 2022, the wearable device market is. As a relative newcomer to the competitive consumer electronics landscape, wearable devices have. Wearable medical devices market size, share, industry growth.
These devices are handsfree gadgets with practical uses, powered by microprocessors and enhanced with the ability to send and receive data. Wearable heart monitoring devices market global industry. First, the report provides a basic overview of the wearable technology industry including definitions, classifications, applications and industry chain structure. Wearable technology market has witness increased adoption owing to factors such as ease of use, flexibility and convenience. North america currently dominates the pet wearable market and is expected to continue its stronghold for a few more years. Revenue is expected to show an annual growth rate cagr 20202024 of 3. Wearable medical devices market size, share, industry. Covers market data for the years 2016, 2017, 2018, 2022 and 2026 in pdf.
Data bridge market research analyses the market to account to usd. Wearable technology market size emerging trends forecast. Global wearable technology market 20192025 report presents a pinpoint breakdown of industry based on type, applications, and research regions. The global wearable medical devices market was valued at 8. In the two past decades, the market has been growing at a fast pace. Integration of internet of things iot with wearable technology is an emerging trend and yet to gain customer traction due to limited interoperability. Increasing pet expenditure owing to rising disposable income in emerging countries such as india and china is one of the key factors driving the market growth. The market is likely to witness rapid growth in the coming years driven by consumer preference for sophisticated gadgets, increasing popularity of wearable fitness and medical devices, growing popularity of the internet of. Global wearable devices market wearable technology device isthat type of device which can be worn by a consumer and it gives information regarding to health and fitness.
This study focuses on chinas wearable technology market trends. Global wearable technology market 2017 industry research. Updated as on feb 17, 2020 the overall wearable technology market was valued at usd 15. The global wearable devices market is expected to grow at a cagr of 11. Wearable technology an overview sciencedirect topics. Global wearable technology market 2018 global industry share, size, global industry analysis, key growth drivers trends, segments, emerging technologies, opportunity and forecast 2018 to 2023 by. The global wearable medical devices market is anticipated to exhibit an exponential cagr of 24. Wearable technology market research report forecast 2022. The market potential of wearable technology is estimated to. The global wearable technology consumption 2016 market research report is a professional and indepth study on the current state of the wearable technology market.
The wearable technology market is a hot topic of discussion among many marketers. Wearable technology market global industry analysis, size. Global wristworn wearable unit shipments worldwide 2019 and 2023 market share of wearable device sales worldwide by region 20152022 smart clothingfabric market size worldwide 20182025. Electronic pdf the global wearable technology market is anticipated to reach usd 196. Research and development investment by large number of industry player is expected to fuel growth over the forecast period. The goal of this updated report is to evaluate the recent developments in the wearable medical devices market, including technology, growth drivers and industry challenges in 2017 and 2018, to estimate the market, and to provide revenue forecasts for the global market. The market is likely to witness rapid growth in the coming years driven by consumer preference for sophisticated gadgets, increasing popularity of wearable fitness and medical devices, growing. Wearable technology market industry analysis, market. An overview of the global markets for wearable medical devices. Wearable technology market share, size, report analysis global.
Wearable technology market growth, trends, and forecast. Wearable medical devices market 2025 by device type. The smartwatch market is a promising segment within the wearable industry, as global smartwatch shipments are expected to increase from around 30 million units in 2015 to more than 66 million. Wearable technology statistics and trends 2018 smart insights. The venture development corporation estimated in 2003 that global market volume for smart fabrics and intelligent clothing, which includes wearable electronics and photonics, will reach 720 million us dollars in 2008, for an impressive annual growth rate of 18. Pet wearable market size by application identification. Global wearable technologies market forecast to 2025. Wearable technology market global industry analysis. Wearable technology components market forecast to 2023. Wearable devices market global industry trends forecast. The increasing demand for wearable devices for various applications such as medical, infotainment, fitness tracking, and so on is the major reason for the growth of the wearable technology industry. Let us know if youd like to explore wearable technology in more depth, or partner with us on. Ihs aim in writing this white paper is to provide a brief overview of the world market for wearable technology, assess the overall market drivers. In january, gartner forecast that the total number of wearable units shipped globally will grow by 18.
Wearables market share companies 20142019 statista. The wearable technology market was valued at usd 27. 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. Wearable technology market by product, application covid19. Moreover, it provides real time data monitoring, operational efficiency and fitness tracking which further.
Dublin, june 21, 2019 prnewswire the global wearable technology market growth, trends and forecasts through 20192024 report has been added to s offering. Thats the word according to industry analyst ccs insight, who state that. Wearable technology statistics and trends 2018 smart. Nov 15, 2017 the wearable technology market is a hot topic of discussion among many marketers. Market synopsis of wearable technology component market, market scenario, wearable technology has evolved dramatically from wristwatches to fitness bands in recent years. Market overview the wearable technology market was valued at usd 27. The report aims to deliver premium insights, quality data figures and information in relevance with aspects. Wearable technology market share, size, report analysis. Overview the wearable cardioverter defibrillator market is expected to have tremendous growth during the forecast period 20162026, with rising incidence of cardiac disorders, advancement and innovations in technology in medical field, and government initiative by increased spending in research and. Enterprise wearables device is the technology that enables industries to provide advanced highend user experience to their employees while performing the tasks. Some of the prominent players in the market areapple.
Wearable fitness tracker market research report this report is comprised with market data derived from primary as well as secondary research techniques. The views expressed in this report, as well as the information included in it, do not. The research report, titled global wearable technology industry 2016 market research report, further studies the major products offered by the global. Enterprise wearables market size, share and industry. The global wearable devices market value was projected to reach 5. Global wearable technology market scenario i, ii and iii comparison by technology region 20162025 3. Global wearable technology market 2017 industry research report. Global wearable technology industry 2016 market analysis. Wearable technology opens a door to many exciting applications and may lead to another technological revolution similar to the internet and mobile communication industries. The united states is expected to retain its significant market share in the pet wearable market over the forecast period, owing to the growing adoption of companion animals, high disposable income, and increasing per capita animal healthcare. The report offers an uptodate analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
Once integrated, the market is likely to grow at a substantial rate in forthcoming years. Dublin, june 21, 2019 prnewswire the global wearable technology market growth, trends and forecasts through 20192024 report has been added to s offering the global. Global wearable technology market forecast by region 20162025 2. Assess global market and revenue estimation for wearable computing technology by geographical regions, product types, application areas, organization size and verticals, and enduser industries patent evaluation, including coverage of the current state of technology, new patent applications, and newly issued patents. The wearable electronics market can be segmented on the basis of types of components into seven major categories namely networking and positioning components, power supply components, sensing components, optoelectronic and display. The key factors contributing to the growth of the market include consumer preference for sophisticated gadgets, increasing growth prospects of nextgeneration displays. Pet wearable market growth, trends, and forecast 20202025. Wearable heart monitoring devices market is expected to gain market growth in the forecast period of 2020 to 2027. Wearable technology market by product, application covid.
Analyses of global market trends, with data from 2012, estimates for 20 and 2014, and projections of compound annual growth rates cagrs through 2018. Wearable electronics are accessories with advanced electronic technologies. Marketmeasurement companies have offered various forecasts for the wearable technology marketthe one thing they agree on is that the market is growing fast. The information provided in this report is presented in summary. A recent market study published titled wireless charging market. According to verified market research, the global wearable electronics market was valued at usd 7.
Wearable electronics global market outlook 20172026. Wearable technology is witnessing a swift adoption owing to its diversified applications in tracking and identifying, monitoring behavior, diagnosing medical problems, and safety and security of pets. The key factors contributing to the growth of the market include consumer preference for sophisticated gadgets, increasing growth prospects of nextgeneration displays in wearable devices, and. Wearable technology market to 2025 global analysis and. It could lead to great opportunities for both the electronics and fashiontextile industries, each of which represents approximately 450 billion. Wearable technology market industry analysis, market size. The global pet wearable market size was estimated at usd 1. According to this report, the global wearable electronics market is expected to grow. Wearable medical devices market 2019 global analysis. This has resulted in a drastic increase in the ownership of wearable technology components or wearables in the uk, the us, south korea, and china among other countries. Jan 10, 2014 the global wearable devices market value was projected to reach 5.
But it still feels unclear for some brands how they can adapt their marketing strategy to this new trend. Global wearable technology market 20122018 statista. Market overview the wearable technology and devices market is unfolding at a rapid pace, with the industry going towards a focal point business are prioritizing service enhancement, apart from adding additional new features to the device itself. This report is an update of a previous bcc research report, hlc192a, published in january 2017. Wearable technology market global opportunity analysis and. Table of contents global wearable technology market size, status and forecast 2022 1 industry overview of wearable technology 1. Wearable medical devices in healthcare can help cut costs and improve patient care. Global wearable technology market 2018 global industry. The wearable electronics market can be segmented into four major types into components, product, applications, and technology. An overview of the global market for wearable computing products.
Based on devices, the global wearable technology market is categorized into smart watches, fitness and wellness devices, smart glasses, smart clothing and. Moreover, it provides real time data monitoring, operational efficiency and fitness. Wearable electronics market global industry analysis. Worldwide wearable technology market 20192024 analysis by. North america, latin america, europe, east asia, south asia, oceania, and middle east and africa.
Global industry size, analysis, opportunity and forecast to 2025 published. 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. Worldwide wearable technology market 20192024 analysis. Global wearable technology market 2018 global industry share. Global wearable technology market 2016 industry research report.
The points covered in the report are primarily factors which are considered to be market driving forces. See the latest wearable technology in healthcare devices and what the future holds for this huge market. Wearables are electronic technology incorporated into items that can be worn on a body. Wearable devices in sports market growth, trends, and. Our reports on global wearable technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Global wearable technology market forecast by technology sector 20162025 2. Wearable fitness technology market size, growth, trend and. Aug 21, 2019 press release wearable technology market 2019. Jun 14, 2019 global wearable technology market 2018 global industry share, size, global industry analysis, key growth drivers trends, segments, emerging technologies, opportunity and forecast 2018 to 2023 by. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in china have transformed chinas society and economy. Mar 23, 2020 the smartwatch market is a promising segment within the wearable industry, as global smartwatch shipments are expected to increase from around 30 million units in 2015 to more than 66 million. Philips netherlands, and withingstm france global industry analysts inc, 2015. According to verified market research, global wearable technology market was valued at usd 26. Wearable devices market global opportunity analysis and. Wearable technological dev ices have been existing. Get more details on this report request free sample pdf.