Global Wearable Technology Market is Expected to Reach $37.39 Billion by 2022

According to Stratistics MRC, the Wearable technology market accounted for $11.43 billion in 2015 and is expected to grow at a CAGR of 18.4% to reach $37.39 billion by 2022. The factors such as increasing awareness of technologies in smartphone and internet applications, wide applications in healthcare and sensor technologies, growing recognition for wearable fitness & medical devices, emerging urban lifestyle and growing advancements in technologies are some of the factors driving the market growth. However, high power consumption, low battery life, huge initial cost are some of the factors restraining the market. Furthermore, increasing adoption of wearable technology in several applications is one of the biggest opportunities for the market growth over the forecast period.

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By Application, Enterprise & industrial segment is expected to grow at the highest CAGR during the forecast period owing to its rising demand for wearable computing devices and scanners. North America accounted for the largest share however, Asia Pacific is estimated to grow at the highest CAGR during the forecast period, attributed to factors such as rising health awareness, new innovations and advancements in technology and product usage.

Some of the key players in global wearable technology market include Samsung Electronics Co. Ltd. Xiaomi Technology Co. Ltd., Apple Inc., Qualcomm Inc., Fitbit Inc., 270 Vision, ARA (Applied Research Associates), Acer, 3L Labs, Sony Corp., Abbot Laboratories, Basis (Basis Science), Garmin Ltd. , Pebble Technology Corp., LG Electronics Inc., and Google Inc.

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Technologies Covered:

• Networking Technologies (Bluetooth,RFID, NFC, ANT+, and Wi-Fi)

• Speech Recognition Technologies

• Computing Technologies (Wearable Computers)

• Sensor Technologies (Accelerometers and Mems)

• Display Technlogies (HUD, HMD, and Augmented Reality)

• Positioning Technologies (Gps and Digital Compass)

• Lowed Powered Wireless SoC Technologies

• Energy Harvesting Technologies

• Ergonomics & Materials Science Technologies

Products Covered:

• Neckwear

o Ties and Collars

o Fashion and Jewellery

• Eyewear

o Contact Lenses and Other (HMD, HUD, Augmented) Displays

o Smart Glasses and Goggles

• Wrist wear

o Wrist Bands

o Wrist Wear Computers and Watches

• Footwear

o Special Purpose Footwear

o Casual Footwear

• Body wear

o Fashion & Apparel

o Arm & Legwear

o Clothing and Inner Wear

• Head worn devices

o Smart caps

o Smart headsets

o Fit guards

o Head Bands

• Other wearable technologies

o Ring Scanners

Applications Covered:

• Healthcare

o Non-Clinical Applications

o Clinical Applications

• Enterprise & Industrial Applications

o Logistics, Packaging, & Warehouse Applications

o Other Industrial Applications

o Other Applications

• Consumer Electronics

o Multi-Function Applications

o Fitness & Sports Applications

o Garments & Fashion Applications

o Infotainment & Multimedia Applications

• Other Applications

Components Covered:

• Control Components

• Power Supply Components

• Sensing Components

• Positioning and Networking Components

• Interface Components

• Display & Optoelectronic Components

• Memory Components

• Other Components

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Smart Textile Covered:

• Smart Wearable Functions

o Luminescence & Aesthetics

o Sensing

o Energy Harvesting

o Thermo-Electricity

o Power generation or storage

o Radio frequency functioning

o Sensing

o Other Functions

• Smart Textile Type

o Ultra-Smart Textiles

o Passive Smart Textiles

o Active Smart Textiles

• Smart Technology

o Printing conductive inks

o Weaving or knitting

o Disposition of conductive polymers

• Other Smart Textiles

Regions Covered:

• North America

o US

o Canada

o Mexico

• Europe

o Germany

o France

o Italy

o UK

o Spain

o Rest of Europe

• Asia Pacific

o Japan

o China

o India

o Australia

o New Zealand

o Rest of Asia Pacific

• Rest of the World

o Middle East

o Brazil

o Argentina

o South Africa

o Egypt

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

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