Smart Wearable Market 2021 Latest Trends and Increasing Demand with Leading Players- Apple Inc., Samsung Electronics Co. Ltd, Garmin Ltd, Fitbit Inc., Fossil Group Inc

The Smart Wearable Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The smart wearable market was valued at 216.18 million units in 2019 and is expected to reach 614.31 million units by 2025, at a CAGR of 19.1% over the forecast period 2020 - 2025.

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Competitive Landscape:

Top Companies: Apple Inc., Samsung Electronics Co. Ltd, Garmin Ltd, Fitbit Inc., Fossil Group Inc., Huawei Technologies Co. Ltd, Sony Corporation, Microsoft Corporation, Bragi GmbH, Nuheara Limited, Omron Healthcare Inc., Huami Corporation, Withings, Medtronic PLC, AIQ Smart Clothing Inc., Sensoria Inc., GoPro Inc., Transcend Information Inc., Ekso Bionics Holdings Inc., Cyberdyne Inc.

Market Scope:

Wearable technology is an emerging trend that integrates electronics to the daily activities and fits into the changing lifestyles and can be worn on any part of the body. The market is divided based on product type, such as smartwatch, head-mounted display, smart clothing, ear worn, fitness trackers, body worn, camera, exoskeleton, and medical devices.

Industry News and Updates:

- December 2018 - Fossil Group launched seven next-gen touchscreen smartwatches under its six brands for the tech-savvy millennials in India. The seven smartwatches are Fossil Gen 4 Smartwatch Venture HR and Explorist HR for Fossil, Skagen Falster 2 for Skagen, Michael Kors Access Runway for Michael Kors, Emporio Armani Connected for Emporio Armani, A|X Armani Exchange Connected for Armani Exchange and Diesel Full Guard for Diesel.

Key Market Trends:

Asia-Pacific to Witness the Fastest Growth Rate
- Asia-Pacific is expected to witness the highest growth in the smart wearable market during the forecast period. The growing electronics industry coupled with a rapid rise in the disposable income in the region is driving the smart wearable market.
- In China, the wearables market has taken on a different shape fuelled partly by the purchases of growing affluent consumers. The presences of vendors, such as Xiaomi and Huawei among others add to the growth of the Chinese smart wearables market.
- Moreover, the demand for fitness trackers in the region is expected to rise, owing to an increase in the population rate, advancement in technology, and stable economic growth. Fitness trackers are widely accepted by Chinese customers, owing to a rise in awareness toward fitness among the people in the country.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Smart Wearable Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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