Wearable Computing Market Advancement, Target Audience, Growth Prospects Predicted by 2027 | COVID-19 Effects
Market Scenario:
Wearable computing is the study and practice field of innovation, creation, and production of small scale body-borne computational and sensory devices. Wearable computers, perhaps can be customized into clothing or embedded as smart clothing. Wearable computing can be conceptualized as an attempt to symbolize as a humanistic intelligence. Therefore, humanistic intelligence can evolve the technology and could encourage to be implanted inside the body.
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Wearable computing can be devised for various industrial verticals such as defense & security, home automation, medical & healthcare, enterprise & industrial, fitness & wellness, infotainment, gaming and other applications. Healthcare & medical and fitness & wellness are expected to have a significant growth over the next few years. This is due to increasing health awareness among the young generation. Recently, few companies are investing more in this trending technology. For instances, fitness-oriented wristbands from Fitbit and Xiaomi are the most popular wearable is expected to be overshadowed by watches equipped by fashion brands and which can be readily compatible with internet without syncing to smart gadgets such as smartphones.
Surging adoption of smart watches and wristbands in the consumer market and increasing interest for communication, networking, and recognition technologies for wearable is expected to drive the Wearable Computing Market over the forecast period.
On the other hand, the high power consumption and restricted usage of the battery life is expected to hinder the growth of wearable computing over the review period.
The global wearable computing is expected to reach approximately USD 35 Billion by 2023 growing at a 15% CAGR over the forecast period 2017-2023.
Segmentation:
The wearable computing is differentiated by technology, product and end user.
Based on technology, the wearable computing market is sub-segmented into display technologies, networking technologies, and other technologies. The display technologies sub segment consists of augmented reality and virtual reality. Furthermore, the networking technologies is classified into Wi-Fi and Bluetooth.
Wearable computing is further divided on the basis of product that smart clothing and textiles, activity monitoring device, wearable camera and virtual reality eyewear.
On the basis of end user segment, the wearable computing is segmented into defense & security, home automation, medical & healthcare, enterprise & industrial, fitness & wellness, infotainment, gaming, and other applications.
Key Players
Some of the key players of wearable computing market include Nike Inc. (U.S.), Pebble Technology Corporation (U.S.), Valve Corporation (U.S.), Zephyr Technology Corporation (U.S.), Samsung Electronics Co., Ltd (Republic of Korea), Smartlife Technology Ltd (Manchester), Fitbit Inc. (U.S.), Apple Inc. (U.S.), Adidas AG (Germany), LG Electronics, Inc. (Republic of Korea), Motorola Mobility Holdings, Inc. (U.S.), Sony Corporation (Japan), Philips Healthcare (Amsterdam), Microsoft Corporation (U.S.), and Boston Scientific Corporation (U.S.)
Regional Analysis
Geographically, the wearable computing is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to be the dominating region in wearable computing market. The U.S. and Canada are the leading countries in this region. This is due to increasing popularity of smart gadgets and increasing investment in developing wearable products. Furthermore, Europe is anticipated to have a substantial growth over the forecast period. The countries such as Germany, France and the U.K are the leading countries in the region. This is attributed to a huge investment in research and development for smart wearable devices. Asia Pacific is also anticipated to be the fastest growing region in the wearable computing market over the forecast period. India, Japan, and China are the leading countries to be a better prospect region owing to rising awareness among the young generation.
Target Audience:
Research Firms.
Government Agencies
Wearable smart device and accessories manufacturers.
Military and security systems and equipment manufacturers.
Multimedia marketing and gaming industries.
Cloud services providers
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Wearable Computing Market
LIST OF FIGURES
FIGURE 1 Global Wearable Computing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Wearable Computing Market
FIGURE 4 Value Chain Of Global Wearable Computing Market
FIGURE 5 Share Of Global Wearable Computing Market In 2017, By Country (In %)
FIGURE 6 Global Wearable Computing Market, 2017-2023,
FIGURE 7 Sub Segments Of Technology
FIGURE 8 Global Wearable Computing Market Size By Technology , 2017
FIGURE 8 Share Of Global Wearable Computing Market By Technology , 2017 TO 2023
FIGURE 9 Global Wearable Computing Market Size By Product, 2017
FIGURE 10 Share Of Global Wearable Computing Market By Product, 2017 TO 2023
FIGURE 11 Global Wearable Computing Market Size By Industry, 2017
FIGURE 12 Share Of Global Wearable Computing Market By Industry, 2017 TO 2023
Continued…
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