Wearable Computing Market Development, Key Opportunity and Growth Analysis with Forecast to 2028

Wearable Computing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Computing Technologies, Display Technologies, Networking Technologies, Others); Product (Smart Clothing, Smart Watches and Bands, Smart Glasses, Others); Industry Vertical (Defense and Security, Home Automation, Medical and Healthcare, Enterprise and Industrial, Fitness and Wellness, Media and Entertainment, Other) and Geography"

Wearable computing is the technology ingrained in wearable accessories such as a wristband, watch to work as miniature electronic gadgets and facilitate ease in accessing technology. It is widely used for healthcare and media purpose. More than fashionable accessories, these devices are gaining popularity owing to smart and advanced features such as easy high portability and easy synchronization.

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Companies Profiled in this report includes: Adidas AG,  Apple Inc.,  Boston Scientific Corporation,  Fitbit Inc.,  Garmin Ltd.,  LG Electronics Inc. (LG Corporation),  Google,  Nike Inc.,  Samsung,  Sony Corporation

MARKET SEGMENTATION

  Based on technology, the global wearable computing market is segmented into technology computing technologies, display technologies, networking technologies, and other.

  On the basis of product, the market is segmented into smart clothing, smart watches and bands, smart glasses, and others.

  Based on industry vertical, the market is segmented into defense and security, home automation, medical and healthcare, enterprise and industrial, fitness and wellness, media and entertainment, and other.

MARKET DYNAMICS

Drivers:

  Increasing adoption of wearable gadgets such as smart watch, smart clothing, wearable camera, and activity monitoring device with advanced features such as lightweight, data monitoring, and enhanced portability are the factors driving the growth for the global wearable computing market.

  Increasing inclination towards smart wearable gadgets provides ample of lucrative opportunity for the global wearable computing market.

Restraints

  High cost and less battery backup is curbing the extension for the wearable computing market.

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IMPACT OF COVID-19 ON WEARABLE COMPUTING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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