Wearable Computing Devices Market Analysis 2022-2027 : Global Size, Share, Trends, Growth and Forecast

The latest research study "Wearable Computing Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the Global Wearable Computing Devices Market size reached US$ 45.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 136.49 Billion by 2027 exhibiting a CAGR of 17.50% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Wearable computing devices comprise of strips, hats, watches, exoskeletons, vests, shirts, bags, head-up displays (HUDs), etc., that are worn on the body to track calories burnt, sleeping pattern, heart rate, etc., of individuals. They have wireless communication capabilities, microchips, and several sensors for collecting data as well as enhancing the overall user experience. Wearable computing devices enable the wearer to take calls, browse various internet applications, read emails and text messages, etc. In line with this, they also offer portability, flexibility, hands-free use, etc. Consequently, wearable computing devices are extensively utilized across countries.

Wearable Computing Devices Market Trends and Drivers:

The expanding geriatric population and the increasing digitalization are primarily driving the wearable computing devices market. Additionally, the widespread adoption of these instruments by sports personnel for goal monitoring, activity tracking, direction, data and location sharing, optimum performance management, etc., is further catalyzing the market growth.

Besides this, the rising utilization of wearable computing devices, including smart health watches, fitness trackers, biosensors, electrocardiography (ECG), blood pressure monitors, etc., in the healthcare industry is acting as another significant growth-inducing factor.

Moreover, the escalating demand for wearable smart glasses across the education sector that assist in telemonitoring, documentation of lectures, preparing an on-site report, capturing essential points as images, evaluating student concentration, etc., is positively influencing the global market. Apart from this, the introduction of information and communications technology (ICT) is anticipated to fuel the wearable computing devices market over the forecasted period.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:
• Smart Watches
• Head Mounted Displays
• Smart Clothing
• Ear Worn
• Fitness Trackers
• Body Worn Camera
• Exoskeleton
• Others

Breakup by Connectivity Type:
• Bluetooth
• Wi-Fi
• 4G/5G
• Others

Breakup by Application:
• Fitness and Wellness
• Medical and Healthcare
• Infotainment
• Industrial and Defense
• Others
•
By Geography:

• North America
o United States
o Canada

• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others

• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others

• Latin America
o Brazil
o Mexico
o Others

• Middle East and Africa

List of Major Key Players:

The major players in the market are Apple Inc., Ekso Bionics Holdings Inc., Fossil Group Inc., Garmin Ltd., GoPro Inc., Huawei Technologies Co. Ltd., LG Electronics Inc., OMRON Corporation, Samsung Electronics Co. Ltd., Sony Corporation and Transcend Information Inc.

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