Wearable Devices Market Growing at a CAGR of 17.6% by 2024 with Top Companies Adidas, Apple, Fitbit, Garmin International, Google, Jawbone, LG España Empresas, Nike, Qualcomm, Xiaomi Technology Co., Ltd., Samsung Electronics

Global Wearable Devices Market report studies the industry abilities for each geographical region based on the customer purchasing patterns, macroeconomic parameters, development rate, and market demand and supply states.

The Global Wearable Devices Market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin.

The Global Wearable Devices Market report also contains the drivers and restrains for the market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.

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Top Key Players:

• Adidas AG
• Apple, Inc.
• Fitbit, Inc.
• Garmin, Ltd.
• Google, Inc.
• Jawbone, Inc.
• LG Electronics Inc.
• Nike, Inc.
• Pebble Technology Corp.
• Qualcomm, Inc.
• Samsung Electronics Co., Ltd.
• Sony Corporation
• Xiaomi Technology Co., Ltd.
• Among other vernacular players

Global Wearable Devices Market, By Product Type (Wristwear, Eyewear, Footwear, Neckwear, Bodywear, Others), By Industry (Consumer Products, Healthcare, Industrial, and Others), By Type (Smart Textile (Passive, Active, Ultra Smart) (Sensing, Energy Harvesting, Luminiscence, Thermo Electricity), Non-Textile), By Technology, By Component, By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trends and Forecast to 2024

The global wearable devices market USD 17.8 Billion in 2016, and are expected to reach USD 64.6 billion by 2024, growing at a CAGR of 17.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Report Scope

1. To analyze growth strategies such as product launches and developments, acquisitions, expansions, and agreements adopted by major players in the Global Wearable Devices Market.
2. To identify key players operating in the Global Wearable Devices Market and comprehensively analyze their market rankings and core competencies.
3. To describe major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Global Wearable Devices Market.
4. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
5. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Wearable Devices Market
6. The report offers market share appraisals for regional and global levels

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The global wearable devices market is segmented based on industry into consumer products, healthcare, industrial, and others. The growth of wearable devices market in the consumer products industry is owing to the increasing demands for wristwear and bodywear products growing in this market.

Based on product type the wearable devices market is segmented into wristwear, eyewear, footwear, neckwear, bodywear, and others. Wrist wearable products are likely to grow in popularity in the coming years. The market is growing with increasing sales of smartwatches expected to be launched by leading players. It is expected that with major companies foraying into the market such as Apple and Samsung, the look and feel for wearables would increase immensely.

These devices are targeting the fashion sense and the health necessity hence doubling the growth of the market. Initially these products were for the priviledged but with Chinese players launching their products in developing nations, the market in South Asian and South American countries are expected to drive the growth of the market.

Based on geography the wearable devices market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world.

The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. North America is expected to dominate the market due to strong awareness of pedometers and smart watches in this region. The rising pool of chronic diseases like obesity and diabetes is also the major factors in development of this market.

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