Market Overview:
The global wearable electronics market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for fitness and sports applications, rising awareness about healthcare and fitness, growing demand for entertainment applications, and increasing adoption of wearable electronics by commercial and industrial users. The wrist-wear electronics segment is expected to account for the largest share of the global wearable electronics market in 2018. This segment is expected to grow at a CAGR of 17% during the forecast period. The eye-wear electronics segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to increased demand from consumers for augmented reality (AR) and virtual reality (VR) applications.
Product Definition:
A wearable electronic device is a small, portable electronic device that can be worn on the body. It is typically used to monitor health or fitness data, or to provide entertainment.
Wrist-Wear Electronics:
Wrist-wear electronics is a sub-class of wearable technology that involves the use of electronic devices, which are attached or built into clothing or accessories such as watches, sleeves and so on. The wrist wear category includes smartwatches, fitness trackers and others.
Eye-Wear Electronics:
Eye-wear electronics are devices that are used to monitor or detect the condition of human eyes. They include a wide range of products such as smart contact lenses, eyeglasses, ocular implants (such as retinal implants), and intraocular cameras. The market for eye-wear electronics is expected to witness significant growth over the forecast period owing to factors such as increasing prevalence of vision impairment and rising geriatric population base across the globe.
Application Insights:
The fitness and sports segment dominated the global wearable electronics market in 2017. This is attributed to the growing use of these devices for monitoring heart rate, steps taken, calories burnt among other similar activities. Furthermore, these products are being used for tracking health and physical activity related information which is boosting their demand across all age groups.
The commercial application segment accounted for a significant share in 2017 owing to increasing adoption of wearable technology by business professionals such as salespersons and marketing managers who need real-time data on customer behavior at stores or while traveling to different places. The industrial application segment is expected witness considerable growth over the forecast period due to rising R&D investments by various companies including Google LLC., Apple Inc., Microsoft Corporation., Amazon Technologies Inc., Baidu Inc., etc. These technologies help improve production processes leading to reduced costs along with increased efficiency thus driving its adoption across several industries including food & beverage processing among others (logistics & transportation).
Regional Analysis:
North America dominated the global wearables electronics market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing investments by key players, such as Apple Inc., Google LLC, and Microsoft Corporation; rising consumer awareness regarding fitness and health, growing popularity of smart devices among consumers for monitoring body data such as heart rate and sleep patterns; increase in purchasing power of people along with high disposable income.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing product adoption across several industrial applications including healthcare & medical diagnosis, security systems & surveillance, military operations/surveillance etc. In addition it has been observed that countries like China are adopting wearable technologies at a faster pace compared with other developed nations due to less stringent regulatory framework for implementation of these products within Chinese borders thus making it an attractive regional market for industry participants looking forward investing opportunities within this region.
Growth Factors:
- Increasing demand for wearable devices from the healthcare sector
- Rising demand for smart watches and fitness trackers
- Proliferation of wireless technologies and Bluetooth Low Energy (BLE)
- Growing popularity of fashion wearables
- Advances in semiconductor technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Electronics Market Research Report
By Type
Wrist-Wear Electronics, Eye-Wear Electronics, Foot-Wear Electronics, Neck-Wear Electronics, Body-Wear Electronics, Others
By Application
Fitness and Sports, Healthcare, Entertainment, Commercial, Industrial, Government, Others
By Companies
Apple, Fitbit, Google, Jawbone, Nike, SONY, Samsung Electronics, Apple
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Electronics Market Report Segments:
The global Wearable Electronics market is segmented on the basis of:
Types
Wrist-Wear Electronics, Eye-Wear Electronics, Foot-Wear Electronics, Neck-Wear Electronics, Body-Wear Electronics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fitness and Sports, Healthcare, Entertainment, Commercial, Industrial, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Fitbit
- Google
- Jawbone
- Nike
- SONY
- Samsung Electronics
- Apple
Highlights of The Wearable Electronics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wrist-Wear Electronics
- Eye-Wear Electronics
- Foot-Wear Electronics
- Neck-Wear Electronics
- Body-Wear Electronics
- Others
- By Application:
- Fitness and Sports
- Healthcare
- Entertainment
- Commercial
- Industrial
- Government
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wearable Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wearable electronics are electronic devices that are worn on the body, typically on the wrist or ankle. They can include watches, fitness trackers, and other sensors.
Some of the major players in the wearable electronics market are Apple, Fitbit, Google, Jawbone, Nike, SONY, Samsung Electronics, Apple.
The wearable electronics market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Electronics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wearable Electronics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Electronics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wearable Electronics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wearable Electronics Market Size & Forecast, 2020-2028
4.5.1 Wearable Electronics Market Size and Y-o-Y Growth
4.5.2 Wearable Electronics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wrist-Wear Electronics
5.2.2 Eye-Wear Electronics
5.2.3 Foot-Wear Electronics
5.2.4 Neck-Wear Electronics
5.2.5 Body-Wear Electronics
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fitness and Sports
6.2.2 Healthcare
6.2.3 Entertainment
6.2.4 Commercial
6.2.5 Industrial
6.2.6 Government
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Electronics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wearable Electronics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wrist-Wear Electronics
9.6.2 Eye-Wear Electronics
9.6.3 Foot-Wear Electronics
9.6.4 Neck-Wear Electronics
9.6.5 Body-Wear Electronics
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fitness and Sports
9.10.2 Healthcare
9.10.3 Entertainment
9.10.4 Commercial
9.10.5 Industrial
9.10.6 Government
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wrist-Wear Electronics
10.6.2 Eye-Wear Electronics
10.6.3 Foot-Wear Electronics
10.6.4 Neck-Wear Electronics
10.6.5 Body-Wear Electronics
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fitness and Sports
10.10.2 Healthcare
10.10.3 Entertainment
10.10.4 Commercial
10.10.5 Industrial
10.10.6 Government
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wrist-Wear Electronics
11.6.2 Eye-Wear Electronics
11.6.3 Foot-Wear Electronics
11.6.4 Neck-Wear Electronics
11.6.5 Body-Wear Electronics
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fitness and Sports
11.10.2 Healthcare
11.10.3 Entertainment
11.10.4 Commercial
11.10.5 Industrial
11.10.6 Government
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wrist-Wear Electronics
12.6.2 Eye-Wear Electronics
12.6.3 Foot-Wear Electronics
12.6.4 Neck-Wear Electronics
12.6.5 Body-Wear Electronics
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fitness and Sports
12.10.2 Healthcare
12.10.3 Entertainment
12.10.4 Commercial
12.10.5 Industrial
12.10.6 Government
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wrist-Wear Electronics
13.6.2 Eye-Wear Electronics
13.6.3 Foot-Wear Electronics
13.6.4 Neck-Wear Electronics
13.6.5 Body-Wear Electronics
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fitness and Sports
13.10.2 Healthcare
13.10.3 Entertainment
13.10.4 Commercial
13.10.5 Industrial
13.10.6 Government
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wearable Electronics Market: Competitive Dashboard
14.2 Global Wearable Electronics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Fitbit
14.3.3 Google
14.3.4 Jawbone
14.3.5 Nike
14.3.6 SONY
14.3.7 Samsung Electronics
14.3.8 Apple
