Wearable Electronics Market 2020 Industry Landscape, Gross Margin, Size, Share, Trend and Regional Analysis

Global Markets for Wearable Electronics (Products, Components, Applications and Geography) - Strategic Analysis and Forecast, 2013 - 2020", global wearable electronics market is forecast to reach $25.19 billion with a corresponding volume of 142.6 million units by 2020. The market revenue is expected to grow at a CAGR of 26%, while volume would witness a CAGR of 23% during forecast period (2014 - 2020). North America currently holds the largest market share; however, Europe will grow the fastest to become the largest market for wearable electronics.

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Usage of wearable is still at its nascent stage; nevertheless, the dawn of mobile wireless systems and smart phones have sparked a new era for wearable electronics, globally. Gadgets, which were deemed to be just used in industrial and commercial applications are now finding place in mundane activities, enhancing quality of life through various applications such as healthcare, sports & fitness, and lifestyle to name a few. The industry is being driven by various factors such as convergence of technologies, rising number of customers adopting digital services, and due to the presence of wireless connectivity. However, lack of design features, higher power usage of wearable devices, high initial investment and users' concerns regarding data privacy are some of the major challenges for the players operating in wearable electronic space.

Allied Market Research recently published a report titled, “Wearable Electronics Market: Global Opportunity Analysis and Industry Forecast 2020-2027’’.The market report presents the top factors and market trends that are real behind the growth of the market. It also offers an extensive study of evolving market dynamics, top investment pockets, key sections, competitive scenarios, value chain, and major investment prospects. These figures and data are helpful for startups, stakeholders, investors, and the key market players to obtain useful understandings and visions on the market and implement necessary strategies based on the same.

Wearable Electronics Market Competitive Analysis:

Leading market players profiled in the global Wearable Electronics Market report include Adidas AG, Apple Inc., Fitbit, Google Inc., Jawbone, Nike Inc., Sony Corporation and Samsung Electronics.

These players have adopted several strategies including joint ventures, expansions, mergers & acquisitions, collaborations, and new product launches to strengthen their position in the industry.

Covid-19 Impact on the Global Wearable Electronics Market:

Wearable Electronics Market Research Report offers an outline of the market based on basic parameters such as market size, sales analysis, and key drivers. The market is expected to expand on a large scale during the forecast period (2021-2024). This report includes COVID-19 impacts on the market. The unprecedented arrival of the coronavirus pandemic (COVID-19) has troubled the complete lifestyles. This in turn has affected some of the market situations along with introducing new norms. The broad view of the research report, therefore, provides the users with the total impacts of covid19 on the industry and the market players.

COVID-19 Scenario:

Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on research and development of new products.
However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of products in certain locations.

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Wearable Electronics Market Segmentation:

The report provides segmentation of the global Wearable Electronics Market. The major segments in the report are studied on the basis of product, component, application and geography. Along with this, it also involves the tables based on extensive analysis of sales, revenue, growth rate, and revenue share of each for the historic as well as forecast period.

The global market for wearable electronics was valued at $4.01 billion in 2013. This includes all forms of wearable electronics, devices, and applications. Lifestyle applications accounted for a major share in the consumer application segment and had 20% market share of the overall market. Further, the market for lifestyle and fitness is anticipated to have the highest growth amongst other applications. Defense and Industrial applications were other major applications, which had over 22% market share of the overall market.

Wearable Electronics Market Geographical Analysis:

The report also provides a regional analysis of the market along with the competitive setting in each region. The research report encompasses regions including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These segmentations aid the market players in framing respective tactics, thus leading way to lucrative opportunities to attain their objectives.

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Key Findings of the Report:

The global wearable electronics product market is dominated by wrist wears, which contributes to approximately 45% of the overall market

In terms of applications, lifestyle and fitness segments account for 38% of the overall pie

North America accounts for about 40% of the demand for wearable electronics for both consumer and commercial applications

In terms of product components, memory components account for approximately 23% of the overall market for wearable electronics by components

Wearable Electronics Market Segmentation

By Products

Wrist-Wear
Eye-Wear
Foot-Wear
Neck-Wear
Body-Wear
Other-Wear

By Applications

Consumer
Life style
Fitness and sports
Healthcare
Entertainment
Commercial
Industrial
Government

By Components

PCBs
Memory
Battery
Sensor
Connectivity
Audio
Display
Camera
Others

By Geography

North America
Europe
Asia-Pacific
Latin America, Middle East, Africa (LAMEA)

TABLE OF CONTENTS

CHAPTER 1 INTRODUCTION

1.1 Objectives and scope
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
1.5 Report Structure

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Overview of the Global Wearable Electronics Market
2.2 Key Players
2.3 Product/Segment Analysis
2.4 Growth Potential and Opportunities

2.4.1 Small device many features
2.4.2 Ruggedness of these devices
2.4.3 Product bundling

2.5 MARKET SCENARIO 2020

2.5.1 Bull case scenario
2.5.2 Base case scenario
2.5.3 Bear case scenario

2.6 Analyst view-point

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Demand for wearable electronics
3.3 Future prospects for wearable electronics
3.4 Key Findings
3.5 Top Investment Pockets

3.5.1 Wearable Electronics Market – By Products
3.5.2 Wearable Electronics Market – By Applications
3.5.3 Wearable Electronics Market – By Geography

3.6 Porter’s Five Force Analysis

3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of Substitutes
3.6.4 Threat of Rivalry
3.6.5 Threat of new entrants

3.7 Value Chain Analysis
3.8 Market Dynamics

3.8.1 Lower device cost due to the emergence of a large number of manufacturers
3.8.2 Rising awareness among customers for health related activities
3.8.3 Increase in usage amongst customers of varied age profiles for patient tracking systems
3.8.4 Drivers

3.8.4.1 Convergence (Technologies)
3.8.4.2 Increase in number of customers adopting digital devices
3.8.4.3 Presence of internet mobility

3.8.5 Restraints

3.8.5.1 Lack of design features
3.8.5.2 Higher power usage of wearable electronics
3.8.5.3 Users concerns regarding data privacy

3.8.6 Opportunities

3.8.6.1 Small device many features
3.8.6.2 Ruggedness of these devices
3.8.6.3 Product bundling

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