Market Overview:
The global wearable tech devices market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fitness and wellness applications, medical and healthcare applications, infotainment and entertainment applications, and other applications. Among all types of wearable tech devices, smartwatches are expected to witness the highest growth during the forecast period. This is due to their growing popularity among consumers for various purposes such as health & fitness tracking, notifications & alerts, music playback control, etc.
Product Definition:
Wearable tech devices are electronic gadgets that can be worn on the body. They are often used to track fitness data or monitor health conditions.
Smartwatches:
Smartwatches are wearable devices that can perform multiple tasks apart from just showing the time. They can be used to pay bills, make calls, receive and send messages using a variety of applications. The smartwatch is also considered as an extension to one’s smartphone and acts as a companion device for many of the apps available on Google Play Store or Apple App Store.
Smart Glasses:
Smart Glasses are wearable technology devices that provide users with enhanced vision. They work on the principle of near-infrared LED and a camera mounted on the frame of eyeglasses. The device enhances user’s peripheral vision, which in turn increases their accuracy while performing any task. It also helps them to see clearly during night time as well as in low light conditions.
Application Insights:
The fitness and wellness segment dominated the global wearable tech devices market in 2017, accounting for a revenue share of over 40%. The increasing use of wearable devices for monitoring physical activity, calorie burnt, distance covered and sleep patterns among others is expected to drive the demand. Furthermore Wearable technology helps in weight loss programs by encouraging users to walk more. Increasingly popular fitness tracking apps such as Fitbit OS, Garmin Connected Fitness & Health Devices enable users to keep a tab on their health and fitness with the help of smartphone applications.
Medical & healthcare was another prominent application segment that accounted for a significant share in 2017 owing to rising adoption of wearable technologies such as smartwatches and smart glasses that are primarily used by medical professionals or patients for accessing information regarding diseases or treatments from remote locations.
Regional Analysis:
North America dominated the global wearable tech devices market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments by key players in developing smart wearable tech devices and related technologies for use in this region. For instance, Google has been working on Glass since 2014, when it was first introduced as a prototype device. It was later re-launched as a product under the brand name ‘Google Glass’ with several improvements made to it since its original launch four years ago (Glass Explorer Program).
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing development of smart wearable tech devices and related technologies such as augmented reality (AR) and virtual reality (VR). Increasing penetration of smartphones coupled with rising demand for mobile internet access has led industry participants to develop new ways through which these gadgets can be worn around users’ bodies without being noticed or detracting from their normal appearance or functionality.
Growth Factors:
- Increasing demand for wearable devices from the healthcare sector as they help in tracking and monitoring patients’ health conditions.
- Growing popularity of fitness trackers and smart watches among consumers due to their features such as calorie counting, heart rate monitoring, etc.
- Proliferation of affordable wearable devices especially in developing countries owing to the increasing disposable income of consumers there.
- Rising demand for smart glasses and augmented reality headsets from businesses for various applications such as training, marketing, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Tech Devices Market Research Report
By Type
Smartwatches, Smart Glasses, Wearable Cameras, Virtual Reality Headsets, Wristbands, Smart Clothing, Footwear
By Application
Fitness & Wellness, Medical & Healthcare, Infotainment & Entertainment, Other
By Companies
Adidas AG, Zephyr Technology, Casio Computer, Fitbit, Samsung Electronics, Apple, Sony, Garmin, Toshiba, LG Electronics, Google, Microsoft, Xiaomi, GoPro
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Tech Devices Market Report Segments:
The global Wearable Tech Devices market is segmented on the basis of:
Types
Smartwatches, Smart Glasses, Wearable Cameras, Virtual Reality Headsets, Wristbands, Smart Clothing, Footwear
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 & Wellness, Medical & Healthcare, Infotainment & Entertainment, Other
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:
- Adidas AG
- Zephyr Technology
- Casio Computer
- Fitbit
- Samsung Electronics
- Apple
- Sony
- Garmin
- Toshiba
- LG Electronics
- Google
- Microsoft
- Xiaomi
- GoPro
Highlights of The Wearable Tech Devices 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:
- Smartwatches
- Smart Glasses
- Wearable Cameras
- Virtual Reality Headsets
- Wristbands
- Smart Clothing
- Footwear
- By Application:
- Fitness & Wellness
- Medical & Healthcare
- Infotainment & Entertainment
- Other
- 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 Tech Devices 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
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- Understanding Competition Scenario
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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 tech devices 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 companies in the wearable tech devices market are Adidas AG, Zephyr Technology, Casio Computer, Fitbit, Samsung Electronics, Apple, Sony, Garmin, Toshiba, LG Electronics, Google, Microsoft, Xiaomi, GoPro.
The wearable tech devices 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 Tech Devices 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 Tech Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Tech Devices 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 Tech Devices 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 Tech Devices Market Size & Forecast, 2020-2028
4.5.1 Wearable Tech Devices Market Size and Y-o-Y Growth
4.5.2 Wearable Tech Devices 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 Smartwatches
5.2.2 Smart Glasses
5.2.3 Wearable Cameras
5.2.4 Virtual Reality Headsets
5.2.5 Wristbands
5.2.6 Smart Clothing
5.2.7 Footwear
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 & Wellness
6.2.2 Medical & Healthcare
6.2.3 Infotainment & Entertainment
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Tech Devices 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 Tech Devices 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 Smartwatches
9.6.2 Smart Glasses
9.6.3 Wearable Cameras
9.6.4 Virtual Reality Headsets
9.6.5 Wristbands
9.6.6 Smart Clothing
9.6.7 Footwear
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 & Wellness
9.10.2 Medical & Healthcare
9.10.3 Infotainment & Entertainment
9.10.4 Other
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 Smartwatches
10.6.2 Smart Glasses
10.6.3 Wearable Cameras
10.6.4 Virtual Reality Headsets
10.6.5 Wristbands
10.6.6 Smart Clothing
10.6.7 Footwear
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 & Wellness
10.10.2 Medical & Healthcare
10.10.3 Infotainment & Entertainment
10.10.4 Other
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 Smartwatches
11.6.2 Smart Glasses
11.6.3 Wearable Cameras
11.6.4 Virtual Reality Headsets
11.6.5 Wristbands
11.6.6 Smart Clothing
11.6.7 Footwear
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 & Wellness
11.10.2 Medical & Healthcare
11.10.3 Infotainment & Entertainment
11.10.4 Other
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 Smartwatches
12.6.2 Smart Glasses
12.6.3 Wearable Cameras
12.6.4 Virtual Reality Headsets
12.6.5 Wristbands
12.6.6 Smart Clothing
12.6.7 Footwear
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 & Wellness
12.10.2 Medical & Healthcare
12.10.3 Infotainment & Entertainment
12.10.4 Other
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 Smartwatches
13.6.2 Smart Glasses
13.6.3 Wearable Cameras
13.6.4 Virtual Reality Headsets
13.6.5 Wristbands
13.6.6 Smart Clothing
13.6.7 Footwear
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 & Wellness
13.10.2 Medical & Healthcare
13.10.3 Infotainment & Entertainment
13.10.4 Other
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 Tech Devices Market: Competitive Dashboard
14.2 Global Wearable Tech Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adidas AG
14.3.2 Zephyr Technology
14.3.3 Casio Computer
14.3.4 Fitbit
14.3.5 Samsung Electronics
14.3.6 Apple
14.3.7 Sony
14.3.8 Garmin
14.3.9 Toshiba
14.3.10 LG Electronics
14.3.11 Google
14.3.12 Microsoft
14.3.13 Xiaomi
14.3.14 GoPro
