Press release
Wearable Technology Market Insights by 2031 & Covid-19 Analysis | Garmin Ltd., Xiaomi, Huawei Technologies Co.Ltd.
Wearable Technology Market
Read more about Wearable Technology Market here: https://www.globalinsightservices.com/reports/wearable-technology-market/
Incorporating MEMS sensors such as accelerometer, gyroscope, and magnetometer into specialized wearable devices has led to rapid growth of wearable device market. These sensors have aided the fitness tracking wearable in monitoring body activities. Factors such as rising demand for smart devices in the healthcare sector and a surge in demand for IoT devices will propel the market forward.
Key Trends and Drivers:
Over the projected period, the increased adoption of smartwatches and fitness trackers in the healthcare industry is expected to promote category growth.
Other growth factors for the market include product advancements such as the integration of linked devices with the Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR). Next-generation screens and tiny sensors are also being developed by manufacturers for use in head-mounted displays for high-end gaming and virtual and mixed reality experiences.
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Segmentation:
By Type:
Wearable Textiles
Wearable Products and Devices (Non-Textiles)
By Product:
Wristwear
Headwear
Footwear
By Application:
Consumer Electronics
Healthcare
Key Players:
Garmin Ltd.
Xiaomi
Huawei Technologies Co.Ltd.
Motorola Solutions Inc
Sony Corporation
Apple Inc.
Adidas AG.
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