PUBLISHER: Allied Market Research | PRODUCT CODE: 1070698
PUBLISHER: Allied Market Research | PRODUCT CODE: 1070698
The global wearable electronics market size was valued at $81.40 billion in 2020, and is projected to reach $459.58 billion by 2030, growing at a CAGR of 19.96% from 2021 to 2030. Wearable electronics refers to an integrated computing device or product, which helps the person or the user wearing it to enhance day to day activities. The technological advancement in wearable electronics, help the user to avail advanced features and characteristics.
The first form of wearable electronic device was a calculator watch. Wearable devices, such as wrist bands, watches which can record audio, video and process data on the go was seen as something very futuristic, however advancements made in the past decade has made it possible for users to realize the potential of these devices in the current age.
The market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The demand for wearable electronics market share is expected to boost emergence of a large number of manufacturers, rise in awareness among customers for health-related activities and surge in usage among customers of varied age profiles for patient tracking systems. However, increase in number of customers adopting digital devices and presence of internet mobility is expected to hinder the growth of the wearable electronics market. Conversely, increase in investment on building a connected ecosystem is projected to offer remunerative wearable electronics market opportunities. Each of these factors is anticipated to have a definite impact on the market during the forecast period.
The global wearable electronics market is segmented on the basis of product, component, application, and geography. The product type segment namely wrist-wear, eye-wear, body-wear, and other-wear are covered under the scope of this report. Moreover, application segment is divided into healthcare, entertainment, commercial, industrial, and others. Based on geography, the global wearable electronics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the wearable electronics industry include Adidas AG, Fitbit, Inc., Nike, Inc., Google, Inc., Apple, Inc., Sony Corporation, Samsung Electronics, Garmin Ltd., Sensoria Inc., and LG Electronics.
By Product
By Application
By Region
4.1 Overview
4.2 Wrist Wear
4.3 Eye Wear
4.4 Body Wear
4.5 Others
5.1 Overview
5.2 Healthcare
5.3 Entertainment
5.4 Industrial
5.5 Others
6.1 Overview
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 LAMEA
7.5 Key developments
8.1 Google
8.2 SONY CORPORATION
8.3 Nike
8.4 Samsung Electronics
8.5 Garmin Ltd.
8.6 Adidas AG
8.7 Apple Inc.
8.8 Fitbit Inc.
8.9 Sensoria Inc.
8.10 LG Electronics Inc.