Wearable Devices Market is Forecast to Reach US$ 67 Billion by 2024

New York, February 06, 2019: The scope of the report includes a detailed study of global and regional markets for Global Wearable Devices Market with the reasons given for variations in the growth of the industry in certain regions.
Wearable devices are electronic or computer technology aided devices or products. Which are embedded into object of accessories and clothing which comfortably we can wear on the body. This wearable device will achieve many of the similar computer tasks like laptop, computers and mobile phones. Wearable devices have a tendency to be more sophisticated than hand held equipment. The future development of the wearable innovation market is required to be driven by consumer preference for modern devices, expanding development prospects of cutting edge displays in wearable devices, and developing popularity of Internet of Things (IoT) and associated devices. Examples of wearable devices are caps, beanies, headbands, smart fabrics, glasses, watches jewelry such as rings, bracelets and hearing aid.
The Global Wearable Devices Market is expected to exceed more than US$ 67 Billion by 2024 at a CAGR of 15.5% in the given forecast period.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

Browse Full Report: https://www.marketresearchengine.com/wearable-devices-market

The Global Wearable Devices Market has been segmented as below:
The Global Wearable Devices Market is segmented on the Basis of Product Analysis, Application Analysis and Regional Analysis. By Product Analysis this market is segmented on the basis of Wrist-wear, Foot-wear, Eye-wear, Body-wear, Neck-wear and others.

By Application Analysis this market is segmented on the basis of Fitness and sports, Infotainment, Healthcare, Defense and Enterprise and industrial. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
The major driving factors of Global Wearable Devices Market are as follows:
• Customer preference for sophisticated devices
• Increasing popularity of internet of things (IoT) and related devices
• Reception of Wearables in Multiple Application Areas
• Invest heavily in R&D to devise optimum solutions
• Growth in technological features and advancements
The restraining factors of Global Wearable Devices Market are as follows:
• Shorter life phase of the user electronics sector
• Consumer electronics sector is having shorter life cycle
• Battery life is limited and initial costs are high
• Vulnerability of Healthcare Information and Unaddressed Regulatory Issues

This report provides:
1) An overview of the global market for Wearable Devices and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Global Wearable Devices Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

Request sample Report from here: https://www.marketresearchengine.com/wearable-devices-market

Table of Contents

1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Wearable Technology Market, By Type
5.2.2 Wearable Technology Market, By Product
5.2.3 Wearable Technology Market, By Technology
5.2.4 Wearable Technology Market, By Component
5.2.5 Wearable Technology Software and Services
5.2.6 Wearable Technology Market, By Application
5.2.7 Wearable Technology Market, By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Consumer Preference for Sophisticated Gadgets
5.3.1.2 Increasing Growth Prospects of Next-Generation Displays in Wearable Devices
5.3.1.3 Growing Popularity of Internet of Things and Connected Devices
5.3.2 Restraints
5.3.2.1 Shorter Life Cycle of the Consumer Electronics Sector
5.3.3 Opportunities
5.3.3.1 Adoption of Wearables in Multiple Application Areas
5.3.3.2 Multi-Featured and Hybrid Application Mobile Devices
5.3.4 Challenges
5.3.4.1 High Initial Costs and Limited Battery Life
5.3.4.2 Unaddressed Regulatory Issues & Vulnerability of Healthcare Information
6 Industry Trends
7 Wearable Devices Market, By Type
8 Wearable Devices Market, By Product
9 Wearable Devices Market, By Technology
10 Wearable Devices Market, By Component
11 Software and Services Used in Wearable Devices
12 Wearable Devices Market, By Application
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
15.1 Introduction
15.2 Fitbit, Inc.
15.3 Apple, Inc.
15.4 Xiaomi Technology Co., Ltd
15.5 Garmin Ltd.
15.6 Samsung Electronics Co., Ltd.
15.7 Alphabet, Inc.
15.8 LG Electronics, Inc.
15.9 Qualcomm Technologies, Inc.
15.10 Sony Corporation
15.11 Adidas Group
15.12 Jawbone, Inc.
15.13 Misfit, Inc.
15.14 Guangdong Bbk Electronics Co., Ltd
15.15 Lifesense Group B.V.

Other Related Market Research Reports:
Wearable Sensor Market will Reach US$ 1653 Million By 2022
Lithium Ion Battery Market is Expected to Exceed US$ 69 Billion by 2022

About MarketResearchEngine.com

Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

Media Contact
Contact Person: John Bay
Email: john@marketresearchengine.com
Phone: +1-855-984-1862
Country: United States
Website: https://www.marketresearchengine.com

3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States

This release was published on openPR.