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Wearable Electronics - Global Market Trajectory & Analytics

  • ID: 4911767
  • Report
  • February 2022
  • Region: Global
  • 628 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Adidas America, Inc.
  • Apple, Inc.
  • Fitbit, Inc.
  • Google LLC
  • Nike, Inc.
  • Sony Corporation

Global Wearable Electronics Market to Reach $90 Billion by 2027


Amid the COVID-19 crisis, the global market for Wearable Electronics estimated at US$20.8 Billion in the year 2020, is projected to reach a revised size of US$90 Billion by 2027, growing at a CAGR of 23.3% over the analysis period 2020-2027. Wristwear, one of the segments analyzed in the report, is projected to record a 21.8% CAGR and reach US$48.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Eyewear segment is readjusted to a revised 25.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $7.9 Billion, While China is Forecast to Grow at 26.4% CAGR


The Wearable Electronics market in the U.S. is estimated at US$7.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 26.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 18.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.1% CAGR.

Hearables Segment to Record 23.7% CAGR


In the global Hearables segment, USA, Canada, Japan, China and Europe will drive the 23.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$918.4 Million in the year 2020 will reach a projected size of US$4.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.1 Billion by the year 2027.

Select Competitors (Total 133 Featured) -

  • Adidas America, Inc.
  • Apple, Inc.
  • Fitbit, Inc.
  • Google LLC
  • Nike, Inc.
  • Samsung Electronics America, Inc.
  • Sony Corporation
Frequently Asked Questions about the Global Market for Wearable Electronics

What is the estimated value of the Global Market for Wearable Electronics?

The Global Market for Wearable Electronics was estimated to be valued at $20.8 Billion in 2020.

What is the growth rate of the Global Market for Wearable Electronics?

The growth rate of the Global Market for Wearable Electronics is 23.3%, with an estimated value of $90.0 Billion by 2027.

What is the forecasted size of the Global Market for Wearable Electronics?

The Global Market for Wearable Electronics is estimated to be worth $90.0 Billion by 2027.

Who are the key companies in the Global Market for Wearable Electronics?

Key companies in the Global Market for Wearable Electronics include Adidas America, Inc., Apple, Inc., Fitbit, Inc., Google LLC, Nike, Inc. and Sony Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Adidas America, Inc.
  • Apple, Inc.
  • Fitbit, Inc.
  • Google LLC
  • Nike, Inc.
  • Sony Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Wearable Technology: The Transition from Science Fiction to Reality
  • Historical Journey of Wearable Technology
  • Applications & Solutions of Wearable Electronics
  • Wearable Electronics Market: Expanding Applications of Miniaturized, High Performance Wearable Devices Boosts Prospects
  • Wrist-Wear Dominates Global Wearable Electronics Market
  • Consumer Electronics: The Largest End-Use Market
  • Developed Regions Lead, Developing Regions at the Forefront of Future Growth
  • Wearable Electronics – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Smartwatch Market Worldwide: Breakdown of Unit Shipments (in %) by Company for 2019
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Expanding Internet Connectivity and Growing Consumer Demand for Advanced Wearable Devices Fuels Market Prospects
  • Rapid Increase in Penetration Rate of Internet: 2018 Vs. 2009
  • Rising Number of IoT and Connected Devices Drive Growth in Wearable Electronics Market
  • World IoT Market: Number of Connected Devices (in Million) for Years 2016, 2018E, 2020P and 2022P
  • Market Share Scenario of Connected Devices in Global Internet of Things (IoT) by Geographic Region: 2019 & 2024
  • Growing Prominence of Wearable Tech in Healthcare Propels Market Growth
  • Global Digital Healthcare Opportunity (in US$ Billion) for the Years 2017, 2019, 2022, 2024 and 2026
  • Chronic Diseases Management: A Key Focus Area
  • Need for Continuous Monitoring of Elderly Patients as Part of Chronic Disease Management Drives Growth: Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Rising Consumer Awareness about Health & Fitness Spells Growth for Wearables
  • Potential Role for Wearable Electronics in Patient Monitoring and Tracking Systems
  • Smart Clothing Gains Acceptance in Neonatal Monitoring
  • Wearables Technology Makes Diabetes Manageable
  • Rising Diabetes Prevalence Presents Opportunity for Wearable Electronics Market: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2019 and 2045
  • ECG Monitoring Wearables: A Promising Area of Growth
  • Increasing Significance of Wearables in Pain Management
  • Wearable Sleep Monitoring Technology
  • Wearable EEG Monitors
  • Smart Medical Textile Garments: An Emerging Area of Interest
  • Wrist Wear: A Revolutionary Wearable Phenomenon Fuels Growth
  • Hybrid Smartwatch Sales Drive Market Growth
  • Smart Glasses for Multiple Industry Applications
  • With Wearable Computing Gaining Mainstream Attention, the Time is Ripe for Mobility in the Realm of Augmented Reality
  • Growing Technology & Commercialization Activity Surrounding AR to Benefit Development of Smart AR Glasses: Global Market for Augmented Reality Hardware, Software & Applications (in US$ Million) for the Years 2015, 2018 & 2022
  • Global % Share Breakdown of Wearable AR Devices in the Market by Form Factor (2019)
  • Activity Trackers to Lead Growth in Wearable Sports and Fitness Devices Market
  • A Comparative Review of Popular Fitness Trackers
  • Increasing Obesity Levels Underpin Market Growth
  • Global Obesity Epidemic: Percentage of Overweight, Obese, and Severely Obese Adults for 2014 & 2025
  • Smart Clothing Transforming the Wearable Technology Products Market
  • Smart Fabrics: The Next Big Wave of Wearables
  • Novel Opportunities for Smart Fabrics across Various Sectors
  • Healthcare
  • Transportation
  • Sports & Fitness
  • Workwear
  • Microencapsulation & Nanotechnologies: Harbingers of Future Growth
  • Hearables, the Smart Headphones, Come to the Fore
  • Increasing Popularity of Wearables in Infotainment & Gaming Industry
  • Enterprise Applications of Wearables Present Growth Potential for Wearable Electronics Market
  • Wearable Technology Boosts CRM
  • Rising Adoption of Wearable Technology in Industrial Sector Drives Growth
  • Cloud Computing Drives the Momentum in Wearable Electronics Market
  • Combination of AI and Wearable Technology Transforms the Wearable Electronics Market
  • Global Market for Wearable AI in US$ Billion for the Years 2018, 2020, 2022 and 2024
  • Development of Low Power Electronics: An Opportunity for Wearable Electronics Market
  • Ultra-low Power Microcontrollers Extend Battery Life of High-Performing, New Generation Wearable Devices: Global Ultra-low Power Microcontroller Market (In US$ Billion) for the Years 2018, 2020, 2022 & 2025
  • A Peek into Enabling Technologies
  • Technical Aspects of Wearable Devices
  • Sensor Integration for Advanced Wearable Technology
  • Battery Power: An Important Criterion for Success
  • Technology Advancements Power Wearable Electronics Market
  • Collaboration Vital for Innovations in Wearable Tech
  • Key Challenges Confronting Wearable Electronics Market
  • Common Issues with Wearable Electronics
  • Wearables Attract Venture Capital Funding

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Wearable Electronics Market in the US: An Overview
  • Penetration of Wearables among Adults in the US: Adult Wearable Users as % of Population
  • Americans Rise Up to “Quantified Self”
  • Evolving Healthcare in the US to Drive Demand for Wireless Devices
  • Wearable Devices to Mitigate Medical Concerns of Elderly Individuals
  • US Population Breakdown by Age Group (in %) for 2019

CANADA

JAPAN

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Wearable Technology Adoption on the Rise in China
  • Chinese Wearable Electronics Market Share Analysis (in %): 2019

EUROPE

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

REST OF EUROPE

ASIA-PACIFIC

  • Wearable Electronics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Indian Wearables Market: A High Growth Sector
  • Indian Wearable Electronics Market Share (in %) by Company: 2019

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 133
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Adidas America, Inc.
  • Apple, Inc.
  • Fitbit, Inc.
  • Google LLC
  • Nike, Inc.
  • Samsung Electronics America, Inc.
  • Sony Corporation
Note: Product cover images may vary from those shown