Market Research Report
Global Wearable Electronics Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||341751|
|Published||Content info||154 Pages
Delivery time: 1-2 business days
|Global Wearable Electronics Market 2019-2023|
|Published: April 17, 2019||Content info: 154 Pages||
The development of miniaturized electronic components is one of the key factors expected to trigger the market growth in the forthcoming years. The sleek and small design and the high operational efficiency are the prominent purchasing criteria for wearable electronic devices. The development of MEMs technology has helped the vendors in the market integrate more features into a device. Technavio's analysts have predicted that the wearable electronics market will register a CAGR of over 15% by 2023.
With the growing preference for contactless payment through wearables devices and the rapid adoption of contactless payment terminals across the globe, the market is expected to grow during the forecast period.
The growth of the counterfeit wearable electronic devices market decreases the sales, reliability, and brand value of the original products. This is expected to limit the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the wearable electronics market during 2019-2023, view our report.
The market appears to be moderately concentrated with the presence of a few market players. Vendors are increasingly adopting low-power-consumption components, from processors to new IMUs. This will help them to enhance the performance of their wearable electronics. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.