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Wearable Technology Market

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    Report

  • 115 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724212
The global wearable technology market size is expected to reach USD 141.12 billion by 2030, according to a new study. The report “Wearable Technology Market Share, Size, Trends, Industry Analysis Report, By Application (Consumer Electronics, Healthcare); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is expected to grow significantly in the coming years due to increased Internet and smartphone use, as well as consumers’ strong purchasing power. Market participants have taken a number of initiatives that are expected to drive market growth in the coming years. The rising demand for Wearable Devices that integrate all computing requirements into a single compact device, rising internet penetration, and widespread adoption of smart wearables are expected to create growth opportunities for market participants.

All of these devices are in high demand because they are portable and use cutting-edge technology. The use of these devices has been beneficial in performing simple health checks on a daily basis. Constant research and development processes have resulted in improved hardware and software. These devices are widely used by fitness enthusiasts and professional athletes. These devices are also used in the defense industry because they aid in combat.

Because existing market players have played an important role in providing portable and simple wearable devices, the market is expected to grow rapidly. These organizations have also played an important role in raising awareness about the advantages of using such devices. Continuous research and development have resulted in the introduction of novel products to the market. The demand for variable devices has increased significantly around the world due to their applications in defense and healthcare systems. These devices are also used in a variety of industries, including the entertainment industry. These gadgets come in the form of activity trackers and watches. There is also an increase in the demand for smart clothing.

Wearable Technology Market Report Highlights

  • The global Wearable Technology market is expected to grow at a significant rate of CAGR during the forecast period due to the rising adaptation of technology and their compact advancements around the globe
  • E-consumer electronics dominated the application segment which was due to rising tech companies and the adaptation of wearables.
  • North America dominated the region segment which is due to rising demand and ease of availability of wearables and customization which is in fact due to the expansion of tech companies in the region.
  • The Global Wearable Technology Market is highly competitive owing to the existence of large market players with a global presence including Alphabet Inc., Samsung Electronics Co., Ltd., Sony Corporation, Huawei Technologies Group Co., Ltd., Apple Inc., Xiaomi Corp., Adidas Ag, Nike, Inc., Fitbit, Inc., Garmin Ltd.

The publisher has segmented the Wearable Technology Market report based on application and region:

Wearable Technology, Application Outlook (Revenue - USD Billion, 2022 - 2030)

  • Consumer Electronics
  • Healthcare

Wearable Technology, Regional Outlook (Revenue - USD Billion, 2022 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
Frequently Asked Questions about the Wearable Technology Market

What is the estimated value of the Wearable Technology Market?

The Wearable Technology Market was estimated to be valued at $44.82 billion in 2022.

What is the growth rate of the Wearable Technology Market?

The growth rate of the Wearable Technology Market is 15.4%, with an estimated value of $141.12 billion by 2030.

What is the forecasted size of the Wearable Technology Market?

The Wearable Technology Market is estimated to be worth $141.12 billion by 2030.

Who are the key companies in the Wearable Technology Market?

Key companies in the Wearable Technology Market include Alphabet Inc., Samsung Electronics Co. Ltd., Sony Corporation, Huawei Technologies Group Co. Ltd., Apple Inc., Xiaomi Corp., Adidas Ag, Nike Inc. and Garmin Ltd..

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Wearable Technology Market Insights
4.1. Wearable Technology Market - Industry Snapshot
4.2. Wearable Technology Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising cases of chronic diseases
4.2.1.2. Increasing technological literacy
4.2.2. Restraints
4.2.2.1. Limited battery life
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.6. Wearable Technology Industry trends
4.7. COVID-19 Impact Analysis

5. Global Wearable Technology Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Wearable Technology, by Application, 2018 - 2030 (USD Billion)
5.3. Consumer Electronics
5.3.1. Global Wearable Technology Market, by Consumer Electronics, by Region, 2018 - 2030 (USD Billion)
5.4. Healthcare
5.4.1. Global Wearable Technology Market, by Healthcare, by Region, 2018 - 2030 (USD Billion)

6. Global Wearable Technology Market, by Geography
6.1. Key findings
6.2. Introduction
6.2.1. Wearable Technology Market Assessment, By Geography, 2018 - 2030 (USD Billion)
6.3. Wearable Technology Market - North America
6.3.1. North America: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.3.2. Wearable Technology Market - U.S.
6.3.2.1. U.S.: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.3.3. Wearable Technology Market - Canada
6.3.3.1. Canada: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4. Wearable Technology Market - Europe
6.4.1. Europe: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4.2. Wearable Technology Market - UK
6.4.2.1. UK: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4.3. Wearable Technology Market - France
6.4.3.1. France: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4.4. Wearable Technology Market - Germany
6.4.4.1. Germany: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4.5. Wearable Technology Market - Italy
6.4.5.1. Italy: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4.6. Wearable Technology Market - Spain
6.4.6.1. Spain: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4.7. Wearable Technology Market - Netherlands
6.4.7.1. Netherlands: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.4.8. Wearable Technology Market - Russia
6.4.8.1. Russia: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.5. Wearable Technology Market - Asia Pacific
6.5.1. Asia Pacific: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.5.2. Wearable Technology Market - China
6.5.2.1. China: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.5.3. Wearable Technology Market - India
6.5.3.1. India: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.5.4. Wearable Technology Market - Malaysia
6.5.4.1. Malaysia: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.5.5. Wearable Technology Market - Japan
6.5.5.1. Japan: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.5.6. Wearable Technology Market - Indonesia
6.5.6.1. Indonesia: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.5.7. Wearable Technology Market - South Korea
6.5.7.1. South Korea: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.6. Wearable Technology Market - Middle East & Africa
6.6.1. Middle East & Africa: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.6.2. Wearable Technology Market - Saudi Arabia
6.6.2.1. Saudi Arabia: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.6.3. Wearable Technology Market - UAE
6.6.3.1. UAE: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.6.4. Wearable Technology Market - Israel
6.6.4.1. Israel: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.6.5. Wearable Technology Market - South Africa
6.6.5.1. South Africa: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.7. Wearable Technology Market - Latin America
6.7.1. Latin America: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.7.2. Wearable Technology Market - Mexico
6.7.2.1. Mexico: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.7.3. Wearable Technology Market - Brazil
6.7.3.1. Brazil: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)
6.7.4. Wearable Technology Market - Argentina
6.7.4.1. Argentina: Wearable Technology Market, by Application, 2018 - 2030 (USD Billion)

7. Competitive Landscape
7.1. Expansion and Acquisition Analysis
7.1.1. Expansion
7.1.2. Acquisitions
7.2. Partnerships/Collaborations/Agreements/Exhibitions

8. Company Profiles
8.1. Alphabet Inc
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Recent Development
8.2. Samsung Electronics Co., Ltd
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Recent Development
8.3. Sony Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Recent Development
8.4. Huawei Technologies Group Co., Ltd
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Recent Development
8.5. Apple Inc
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Recent Development
8.6. Xiaomi Corp.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Recent Development
8.7. Adidas Ag
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Recent Development
8.8. Nike, Inc
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Recent Development
8.9. Fitbit, Inc
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Recent Development
8.10. Garmin Ltd
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Recent Development

Companies Mentioned

  • Alphabet Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Huawei Technologies Group Co. Ltd.
  • Apple Inc.
  • Xiaomi Corp.
  • Adidas Ag
  • Nike Inc.
  • Fitbit Inc.
  • Garmin Ltd.