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Wearable Electronics Market by Product and Applications - Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 210 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578300
Description Jump to:
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.

Key Market Segments


By Product

  • Wrist-Wear
  • Eye-Wear
  • Body-Wear
  • Others

By Application

  • Healthcare
  • Entertainment
  • Industrial
  • Others

By Region

  • North America
  • US
  • Mexico
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Taiwan
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY MARKET PLAYERS

  • Adidas AG
  • Apple, Inc
  • Fitbit, Inc
  • Google, Inc
  • Nike, Inc
  • Sony Corporation
  • Samsung Electronics
  • Garmin Ltd
  • Sensoria Inc
  • LG Electronics

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits to the Stakeholders
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter’S Five Forces Analysis
3.4. Top Player Positioning
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. Covid-19 Impact Analysis on the Market
Chapter 4: Wearable Electronics Market, by Product Type
4.1 Overview
4.1.1 Market Size and Forecast
4.2 Wrist Wear
4.2.1 Key Market Trends, Growth Factors and Opportunities
4.2.2 Market Size and Forecast, by Region
4.2.3 Market Analysis by Country
4.3 Eye Wear
4.3.1 Key Market Trends, Growth Factors and Opportunities
4.3.2 Market Size and Forecast, by Region
4.3.3 Market Analysis by Country
4.4 Body Wear
4.4.1 Key Market Trends, Growth Factors and Opportunities
4.4.2 Market Size and Forecast, by Region
4.4.3 Market Analysis by Country
4.5 Others
4.5.1 Key Market Trends, Growth Factors and Opportunities
4.5.2 Market Size and Forecast, by Region
4.5.3 Market Analysis by Country
Chapter 5: Wearable Electronics Market, by Application
5.1 Overview
5.1.1 Market Size and Forecast
5.2 Healthcare
5.2.1 Key Market Trends, Growth Factors and Opportunities
5.2.2 Market Size and Forecast, by Region
5.2.3 Market Analysis by Country
5.3 Entertainment
5.3.1 Key Market Trends, Growth Factors and Opportunities
5.3.2 Market Size and Forecast, by Region
5.3.3 Market Analysis by Country
5.4 Industrial
5.4.1 Key Market Trends, Growth Factors and Opportunities
5.4.2 Market Size and Forecast, by Region
5.4.3 Market Analysis by Country
5.5 Others
5.5.1 Key Market Trends, Growth Factors and Opportunities
5.5.2 Market Size and Forecast, by Region
5.5.3 Market Analysis by Country
Chapter 6: Wearable Electronics Market, by Region
6.1 Overview
6.1.1 Market Size and Forecast
6.2 North America
6.2.1 Key Trends and Opportunities
6.2.2 North America Market Size & Forecast, by Product Type
6.2.3 North America Market Size & Forecast, by Application
6.2.4 North America Market Size & Forecast, by Country
6.2.4.1 U. S.
6.2.4.1.1 Market Size & Forecast, by Product Type
6.2.4.1.2 Market Size & Forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market Size & Forecast, by Product Type
6.2.4.2.2 Market Size & Forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market Size & Forecast, by Product Type
6.2.4.3.2 Market Size & Forecast, by Application
6.3 Europe
6.3.1 Key Trends and Opportunities
6.3.2 Europe Market Size & Forecast, by Product Type
6.3.3 Europe Market Size & Forecast, by Application
6.3.4 Europe Market Size & Forecast, by Country
6.3.4.1 U. K.
6.3.4.1.1 Market Size & Forecast, by Product Type
6.3.4.1.2 Market Size & Forecast, by Application
6.3.4.2 Germany
6.3.4.2.1 Market Size & Forecast, by Product Type
6.3.4.2.2 Market Size & Forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market Size & Forecast, by Product Type
6.3.4.3.2 Market Size & Forecast, by Application
6.3.4.4 Italy
6.3.4.4.1 Market Size & Forecast, by Product Type
6.3.4.4.2 Market Size & Forecast, by Application
6.3.4.5 Rest of Europe
6.3.4.5.1 Market Size & Forecast, by Product Type
6.3.4.5.2 Market Size & Forecast, by Application
6.4 Asia-Pacific
6.4.1 Key Trends and Opportunities
6.4.2 Asia-Pacific Market Size & Forecast, by Product Type
6.4.3 Asia-Pacific Market Size & Forecast, by Application
6.4.4 Asia-Pacific Market Size & Forecast, by Country
6.4.4.1 China
6.4.4.1.1 Market Size & Forecast, by Product Type
6.4.4.1.2 Market Size & Forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market Size & Forecast, by Product Type
6.4.4.2.2 Market Size & Forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market Size & Forecast, by Product Type
6.4.4.3.2 Market Size & Forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market Size & Forecast, by Product Type
6.4.4.4.2 Market Size & Forecast, by Application
6.4.4.5 Taiwan
6.4.4.5.1 Market Size & Forecast, by Product Type
6.4.4.5.2 Market Size & Forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market Size & Forecast, by Product Type
6.4.4.6.2 Market Size & Forecast, by Application
6.5 LAMEA
6.5.1 Key Trends and Opportunities
6.5.2 LAMEA Market Size & Forecast, by Product Type
6.5.3 LAMEA Market Size & Forecast, by Application
6.5.4 LAMEA Market Size & Forecast, by Country
6.5.4.1 Latin America
6.5.4.1.1 Market Size & Forecast, by Product Type
6.5.4.1.2 Market Size & Forecast, by Application
6.5.4.2 Middle East
6.5.4.2.1 Market Size & Forecast, by Product Type
6.5.4.2.2 Market Size & Forecast, by Application
6.5.4.3 Africa
6.5.4.3.1 Market Size & Forecast, by Product Type
6.5.4.3.2 Market Size & Forecast, by Application
Chapter 7: Company Landscape
7.1. Top Winning Strategies
7.2. Product Mapping of Top 10 Player
7.3. Competitive Dashboard
7.4. Competitive Heatmap
7.5 Key Developments
7.5.1. Acquisition
7.5.2. Business Expansion
7.5.3. Agreement
7.5.4. Partnership
7.5.5. Product Launch
Chapter 8: Company Profiles
8.1 Google
8.1.1 Company Overview
8.1.2 Company Snapshot
8.1.3 Operating Business Segments
8.1.4 Product Portfolio
8.1.5 Business Performance
8.1.6 Key Strategic Moves and Developments
8.2 Sony Corporation
8.2.1 Company Overview
8.2.2 Company Snapshot
8.2.3 Operating Business Segments
8.2.4 Product Portfolio
8.2.5 Business Performance
8.2.6 Key Strategic Moves and Developments
8.3 Nike
8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Operating Business Segments
8.3.4 Product Portfolio
8.3.5 Business Performance
8.3.6 Key Strategic Moves and Developments
8.4 Samsung Electronics
8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Operating Business Segments
8.4.4 Product Portfolio
8.4.5 Business Performance
8.4.6 Key Strategic Moves and Developments
8.5 Garmin Ltd.
8.5.1 Company Overview
8.5.2 Company Snapshot
8.5.3 Operating Business Segments
8.5.4 Product Portfolio
8.5.5 Business Performance
8.5.6 Key Strategic Moves and Developments
8.6 Adidas AG
8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Operating Business Segments
8.6.4 Product Portfolio
8.6.5 Business Performance
8.6.6 Key Strategic Moves and Developments
8.7 Apple Inc.
8.7.1 Company Overview
8.7.2 Company Snapshot
8.7.3 Operating Business Segments
8.7.4 Product Portfolio
8.7.5 Business Performance
8.7.6 Key Strategic Moves and Developments
8.8 Fitbit Inc.
8.8.1 Company Overview
8.8.2 Company Snapshot
8.8.3 Operating Business Segments
8.8.4 Product Portfolio
8.8.5 Business Performance
8.8.6 Key Strategic Moves and Developments
8.9 Sensoria Inc.
8.9.1 Company Overview
8.9.2 Company Snapshot
8.9.3 Operating Business Segments
8.9.4 Product Portfolio
8.9.5 Business Performance
8.9.6 Key Strategic Moves and Developments
8.10 Lg Electronics Inc.
8.10.1 Company Overview
8.10.2 Company Snapshot
8.10.3 Operating Business Segments
8.10.4 Product Portfolio
8.10.5 Business Performance
8.10.6 Key Strategic Moves and Developments
List of Tables
Table 1. Global Wearable Electronics Market, by Product Type, 2020-2030, ($Billion)
Table 2. Wearable Electronics Market Revenue, for Wrist Wear, by Region , 2020-2030, ($Billion)
Table 3. Wearable Electronics Market Wrist Wear by Country, 2020-2030, ($Billion)
Table 4. Wearable Electronics Market Revenue, for Eye Wear, by Region , 2020-2030, ($Billion)
Table 5. Wearable Electronics Market Eye Wear by Country, 2020-2030, ($Billion)
Table 6. Wearable Electronics Market Revenue, for Body Wear, by Region , 2020-2030, ($Billion)
Table 7. Wearable Electronics Market Body Wear by Country, 2020-2030, ($Billion)
Table 8. Wearable Electronics Market Revenue, for Others, by Region , 2020-2030, ($Billion)
Table 9. Wearable Electronics Market Others by Country, 2020-2030, ($Billion)
Table 10. Global Wearable Electronics Market, by Application, 2020-2030, ($Billion)
Table 11. Wearable Electronics Market Revenue, for Healthcare, by Region , 2020-2030, ($Billion)
Table 12. Wearable Electronics Market Healthcare by Country, 2020-2030, ($Billion)
Table 13. Wearable Electronics Market Revenue, for Entertainment, by Region , 2020-2030, ($Billion)
Table 14. Wearable Electronics Market Entertainment by Country, 2020-2030, ($Billion)
Table 15. Wearable Electronics Market Revenue, for Industrial, by Region , 2020-2030, ($Billion)
Table 16. Wearable Electronics Market Industrial by Country, 2020-2030, ($Billion)
Table 17. Wearable Electronics Market Revenue, for Others, by Region , 2020-2030, ($Billion)
Table 18. Wearable Electronics Market Others by Country, 2020-2030, ($Billion)
Table 19. Wearable Electronics Market, by Region, 2020-2030, ($Billion)
Table 20. North America Wearable Electronics Market, by Product Type, 2020-2030, ($Billion)
Table 21. North America Wearable Electronics Market, by Application, 2020-2030, ($Billion)
Table 22. North America Wearable Electronics Market, by Country, 2020-2030, ($Billion)
Table 23. U.S Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 24. U.S Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 25. Canada Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 26. Canada Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 27. Mexico Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 28. Mexico Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 29. Europe Wearable Electronics Market, by Product Type, 2020-2030, ($Billion)
Table 30. Europe Wearable Electronics Market, by Application, 2020-2030, ($Billion)
Table 31. Europe Wearable Electronics Market, by Country, 2020-2030, ($Billion)
Table 32. U. K. Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 33. U. K. Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 34. Germany Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 35. Germany Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 36. France Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 37. France Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 38. Italy Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 39. Italy Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 40. Rest of Europe Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 41. Rest of Europe Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 42. Asia-Pacific Wearable Electronics Market, by Product Type, 2020-2030, ($Billion)
Table 43. Asia-Pacific Wearable Electronics Market, by Application, 2020-2030, ($Billion)
Table 44. Asia-Pacific Wearable Electronics Market, by Country, 2020-2030, ($Billion)
Table 45. China Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 46. China Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 47. Japan Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 48. Japan Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 49. India Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 50. India Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 51. South Korea Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 52. South Korea Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 53. Taiwan Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 54. Taiwan Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 55. Rest of Asia-Pacific Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 56. Rest of Asia-Pacific Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 57. LAMEA Wearable Electronics Market, by Product Type, 2020-2030, ($Billion)
Table 58. LAMEA Wearable Electronics Market, by Application, 2020-2030, ($Billion)
Table 59. LAMEA Wearable Electronics Market, by Country, 2020-2030, ($Billion)
Table 60. Latin America Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 61. Latin America Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 62. Middle East Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 63. Middle East Wearable Electronics Market by Application 2020-2030, ($Billion)
Table 64. Africa Wearable Electronics Market by Product Type 2020-2030, ($Billion)
Table 65. Africa Wearable Electronics Market by Application 2020-2030, ($Billion)
List of Figures

Executive Summary

According to a new report titled, “Wearable Electronics Market by Product, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030, 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 dawn of mobile wireless systems, smart phones, has sparked a new era for wearable electronics globally. Gadgets which were deemed to be just used in industrial & commercial applications have now found their way into normal consumers enhancing their quality of life through various applications such as healthcare, sports & fitness, and lifestyle among a few.

The prominent factor that drives the wearable electronics market growth include lower device cost due to the emergence of a large number of manufacturers and rise in awareness among customers for health-related activities and increase in usage amongst customers of varied age profiles for patient tracking systems. However, surge in number of customers adopting digital devices and presence of internet mobility is expected to hinder the growth of the wearable electronics market trends. Conversely, rise in investment on building a connected ecosystem is projected to offer remunerative wearable electronics market opportunities.

Wrist wear segment was the largest contributor of revenue in 2020 and is expected to grow at a CAGR of 17.5% from 2021 to 2030. Factor such as advancement and innovations in smart watches by the key players help drive the wearable electronics market. Body wear segment consumes 20.0% market share. Surge in adoption of wearable devices such as smart watches, band, headsets, gloves in manufacturing industry is one of the major factors for this growth.

The global wearable electronics market is segmented into product, application, and region. On the basis of product, the market is fragmented into wrist-wear, eye-wear, body-wear and other-wear. Moreover, application segment is divided into healthcare, entertainment, industrial, and others.

Region wise, the wearable electronics market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The market share in Asia-Pacific is expected to grow at a faster rate as compared to other regions. Factor such as rapid technological advancements & innovations and transformation from automated devices to autonomous devices due to the integration and advancement of IoT and AI technologies increases the demand for wearable electronics industry.

COVID-19 Impact Analysis


The global wearable electronics market size has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have been stalled which, in turn has declined the market growth. In the present pandemic scenario, health has become an utmost priority for people so demand for wearable products related to health and fitness such as fitness bands and smartwatches is expected to increase significantly.

Key Findings Of The Study


  • In terms of revenue and volume, the wrist wear segment contributed the maximum wearable electronics segment in 2020, and is expected to maintain its lead throughout the wearable electronics market forecast period
  • In 2020, North America accounted for over a 29% share globally, and is witness significant growth in wearable electronics market share
  • The key players profiled in the report include Adidas AG, Fitbit, Inc., Nike, Inc., Google, Inc., Apple, Inc., Sony Corporation, Samsung Electronics, Garmin Ltd., Sensoria Inc., and LG Electronics Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the wearable electronics market

Companies Mentioned

  • Adidas AG
  • Apple, Inc.
  • Fitbit, Inc.
  • Google, Inc.
  • Nike, Inc.
  • Sony Corporation
  • Samsung Electronics
  • Garmin Ltd.
  • Sensoria Inc.
  • LG Electronics

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages210
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 74.47 billion
Forecasted Market Value ( USD ) by 2030 $ 459.58 billion
Regions CoveredGlobal
No. of Companies Mentioned10

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