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Wearable Technology Market Companies Analysis, Size 2022, Share, Segmentation and Forecast 2027 | Alphabet Inc, Apple Inc., Garmin Ltd., HTC Corporation
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Industry Overview and Application:
Wearable technology represents a category of electronic devices designed with advanced technological solutions that can be worn as accessories, embedded in clothing, or implanted in the body of user. They are available in numerous product types, such as wristwear, footwear, eyewear, neckwear, etc. These wearable technology-driven devices are hands-free gadgets powered by microprocessors and improved with the ability to send and receive data via the internet. They track real-time biometric information and provide immediate biofeedback to the wearer. Consequently, wearable technology-based instruments find extensive applications across several sectors, including consumer electronics, healthcare, fitness and wellness, defense, etc.
Global Wearable Technology Market Trends and Drivers:
• The expanding healthcare industry across the globe and the increasing consumer preferences for sleek and compact health and fitness devices are primarily driving the wearable technology market.
• Furthermore, the growing utilization of the technology to monitor the patients under intensive care and as prompt warning systems for virus infection is acting as another significant growth-inducing factor.
• Additionally, the development of innovative products integrated with the Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR) is also positively influencing the market growth.
• Apart from this, the elevating focus among leading manufacturers towards producing next generation displays and miniaturized sensors and the rising product usage by professional athletes and recreational fitness enthusiasts are expected to stimulate the wearable technology market in the coming years.
Global Wearable Technology Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
• Alphabet Inc (NASDAQ: GOOGL)
• Apple Inc. (NASDAQ: AAPL)
• Garmin Ltd. (NYSE: GRMN)
• HTC Corporation (TPE: 2498)
• Huawei Technologies Co. Ltd
• Intel Corporation (NASDAQ: INTC)
• Microsoft Corporation (NASDAQ: MSFT)
• Qualcomm Incorporated (NASDAQ: QCOM)
• Samsung Electronics Co. Ltd. (KRX: 005930)
• Sony Corporation (TYO: 6758)
Wearable Technology Market Segmentation:
Breakup by Product:
• Wrist-Wear
• Eye-Wear and Head-Wear
• Foot-Wear
• Neck-Wear
• Body-Wear
• Others
Breakup by Application:
• Consumer Electronics
• Healthcare
• Enterprise and Industrial Application
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
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