Wearable Computing Devices Market Outlook with Worldwide Top Players Revenue Analysis of Adidas, Apple, Boston Scientific, Garmin, LG Electronics, Google And Motorola Mobility Holdings

Wearable computing is a kind of computing in which the user wears the computing device on the body in the form of clothing or any other wearable aid. Wearable computers are incorporated with special sensors such as accelerometers, thermometer, and heart rate monitors which provides real-time data for monitoring health.

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Increasing adoption of smart watches and wristbands in consumer electronics sector is one of the major factors driving growth of the market. For instance, according to the Coherent Market Insights’ analysis, the total sales of smart watches in 2016 accounted for US$ 36 million, which increased to US$ 76 million in 2017, globally. Rising inclination of the populace towards fitness, is expected to increase demand for wearable computer devices to help doctors monitor health of patients remotely. These wearable computing devices are used to track various health parameters such as body temperature, blood pressure levels, and the count of blood cells, which further helps users detect, diagnose, and monitor all health parameters by themselves. Thus, growing demand for health monitoring in turn, is expected to propel growth of the global wearable computer devices market.

Global Wearable Computing Devices: Regional Insight

North America held a dominant position in the global wearable computing devices market in 2017, and is expected to retain its dominance throughout the forecast period (2018–2026). Growth of the market in the region is attributed to rising incidence of chronic diseases such as obesity, diabetic, heart disease, and arthritis. For instance, according to the National Centre for Health’s analysis, in the U.S., 37.7% adults and 17.2% youth were suffering from obesity in 2015, the percentage increased to 39.6% adults and 18.5% youth suffering from obesity in 2016. Thus, growing concern among people regarding chronic diseases has increased adoption of wearable computer devices.

Asia Pacific is expected to be the fastest-growing region during the forecasted period. Growing geriatric population in emerging economies such as India and China, is one of the factors driving growth of the market in the region. For instance, According to the United Nations Population Fund (UNFPA), in India, the total geriatric population accounted for 7.9 million in 2011, which increased to 9.7 million in 2015. This in turn, is expected to increase the demand for wearable computer devices for easy and remote, and real-time diagnosis of health, which is thus, expected to fuel growth of the market in the region.

Global Wearable Computing Devices Market: Competitive Landscape

Major players operating in the wearable computing devices market include Adidas AG, Apple Inc., Boston Scientific Corp, Garmin Ltd, LG Electronics Inc., Google, LLC, Motorola Mobility Holdings, Inc., Nike, Inc., Pebble Technology Corp., and Samsung Electronics Co., Ltd.

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Global Wearable Computing Devices Market: Taxonomy

By Technology

- Computing Technologies
- Wearable Computer
- Display Technologies
- Virtual Reality
- Augmented Reality
- Networking Technologies
- Wi-Fi
- Bluetooth
- Other Technologies

By Applications

- Fitness and Wellness Application
- Wristband
- Smart Clothing
- Footwear
- Medical and Healthcare
- Continuous Glucose Monitor
- Drug Delivery Product
- ECG Monitoring
- Enterprise and Industrial
- Hand-Worn Terminal
- Infotainment
- Smart watches
- Augmented Reality Devices
- Head-Up Display
- Head-Mounted Displays
- Smart Glasses

By Region

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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This release was published on openPR.