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Wearable Technology Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

11-24-2023 01:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Wearable Technology Market Comprehensive Insight by Growth

The global wearable technology market is anticipated to grow at an exponential CAGR of 12.8% during the forecast period. The rising technological advancement in wearable devices is driving the growth of the global wearable technology market. The increasing usage of smart wearables among young generation is also a major factor driving the growth of wearable technology market across the globe. Many companies are entering in wearable technology market due to high demand and introducing smart wearable technologies to attract customers. For instance, in January 2020, Nuheara launched advanced hearing buds, the IQbuds2 MAX. Built on Nuheara's innovative new smart-hearing platform, the IQbuds2 MAX feature hybrid active noise cancellation and unique features for personalizing and enhancing the wearer's soundscape. Additionally, due to increased awareness regarding physical fitness people go to walk and on jogging wearing hearables due to which many companies are introducing smart hearable devices with fitness tracker so that consumers can enjoy the music and at the same time they can track their steps, distance, calories burnt, etc. 

For instance, in October 2020, Myntra and Jabong launched smart hearable fitness device Blink Play. It is a 2-in-1 device that can be worn like earphones and also support advanced fitness tracking features such as steps, distance, calories burnt, etc. It features seamless audio streaming with well-balanced sound quality for music & calls and also allows access to Siri and Google Assistant with just a tap. As a personal fitness coach, the device lets the user access a range of guided audio sessions on the App while tracking key activity metrics through an on-going training session. It has a dedicated app called Blink Fit which is compatible with both Android & iOS devices.

To Request a Sample of our Report on Wearable Technology Market:  https://www.omrglobal.com/request-sample/wearable-technology-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Product 
By Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape - Apple Inc., Fitbit International Ltd., Fossil Group, Inc., Google LLC., Huawei Technologies Co. Ltd., Xiaomi Group, and others.

A full Report of Wearable Technology Market is Available @  https://www.omrglobal.com/industry-reports/wearable-technology-market

Wearable Technology Market Report Segment

By Product 

Fitness
Smart Watches
Smart Glasses
Smart Clothing
Others

By Type

Wrist Wear
Eyewear
Hearables
Bodywear
Others

By Application

Lifestyle
Consumer Application
Healthcare
Fitness & Sports
Defense

Wearable Technology Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Adidas AG.
Apple Inc. 
Fitbit International Ltd.
Fossil Group, Inc.
Garmin Ltd.
Google LLC
Huawei Technologies Co. Ltd. 
LG Electronics 
Motorola Solutions, Inc.
Nike, Inc. 
Samsung Electronics Co., Ltd.
Shimmer Research Ltd.
Sony Corp.
Xiaomi Group

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/wearable-technology-market

 

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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