PUBLISHER: TechNavio | PRODUCT CODE: 1151664
PUBLISHER: TechNavio | PRODUCT CODE: 1151664
Technavio has been monitoring the wearables market and is poised to grow by $73631.84 mn from 2023-2027, accelerating at a CAGR of 15.09% during the forecast period. Our report on the wearables market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing preference for wearables devices for payment, the rising digitization of the global economy, and the development of miniaturized electronic components.
Technavio's wearables market is segmented as below:
By Product
By Distribution Channel
By Geographical Landscape
This study identifies the focus on the development of low-power electronics as one of the prime reasons driving the wearables market growth during the next few years. Also, the growing number of partnerships and M&A activities and the emergence of the hybrid smartwatch market will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wearables market vendors that include Acer Inc., Alphabet Inc., Apple Inc., ASUSTeK Computer Inc., CINOPTICS, Citizen Watch Co. Ltd., Fossil Group Inc., Garmin Ltd., GoPro Inc., Huawei Technologies Co. Ltd., Kopin Corp., Lenovo Group Ltd., LG Electronics Inc., Microsoft Corp., Nexxbase Marketing Pvt. Ltd., Omate Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., and Sony Group Corp. Also, the wearables market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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