Press release
Emerging Wearable Electronics Worldwide Market High Technology Adaptation and Advancement Till 2020
Research Beam added report on “World Wearable Electronics Market Technology, Trends, Analysis, Growth and Research – Global Wearable Electronics Opportunities and Forecasts, 2014 - 2020”Research Beam study says Global Wearable Electronics Market is forecast to reach $25.19 billion with a corresponding volume of 142.6 million units by 2020, Get Sample Copy @ http://www.researchbeam.com/body-adapted-wearable-electronic-market/request-sample
Wearable Electronics market revenue is expected to grow at a CAGR of 26%, while volume would witness a CAGR of 23% during forecast period (2014 - 2020). Wearable electronics refers to an integrated computing device or product, which helps the person or the user wearing it to enhance day-to-day activities. The market for wearable electronics was largely dominated by North America, followed by the European Union and Asia Pacific.
The technological advancement in wearable electronics, help the user to avail advanced features and characteristics. The first form of electronic wearable electronic device was a calculator watch. Wearable devices, such as wrist bands, watches which can record audio, video and process data on the go was seen as something very futuristic, however advancements made in the past decade has made it possible for users to realize the potential of these devices in the current age. ‘Wearable technology’ forayed in as a technological advancement only a decade ago, and the interest in this sector still continues to grow. The interest is mostly led by wearable fitness trackers, smart watches, bands. Lately, such is the impact of these wearable devices, that now mobile operators are moving towards offering smart watches along with fitness trackers, or smart phones with smart watches as part of a bundled deal to woo customers.
Segment review
The global wearable electronics market is segmented on the basis of product, component, application and geography. The product type segment namely wrist-wear, eye-wear, foot-wear, neck-wear, body-wear and other-wear are covered under the scope of this report. Component segment is further bifurcated into PCBs, memory, battery, sensor, connectivity, audio, display, camera and others. Moreover, application segment is divided into consumer, life style, fitness and sports, healthcare, entertainment, commercial, industrial and government. . Based on geography, the global wearable electronics market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Global Wearable Electronics Market Scenario
Usage of wearable is still at a nascent stage, the dawn of mobile wireless systems, smart phones has sparked a new era for wearable electronics globally. Gadgets which were deemed to be just used in industrial, commercial applications are now finding its way into normal consumers enhancing their quality of life through various applications such as healthcare, sports and fitness, lifestyle among a few.
KEY BENEFITS
• The report looks at the various wearable electronic devices that are currently prevalent in the market and also sheds light on various factors which are driving its growth
• Wearable electronics market analysis includes market size estimate from 2013 through 2020, including market size by products, applications, components, and geography by both value in $billion and volume in million units. The volume figures are calculated based on average selling price of products and components, which were computed based on the market size of the particular year.
• Identify key areas of investment for wearable device manufacturers
• Identify key issues and challenges, restraints and barriers that are prevalent in the market, gauging these restraints would aid in tackling the nuances
• Porter’s analysis to identify new entry barriers and impact of alternative technology on market growth
• Identification of the top investment pockets in product and application segments.
• Analyze the market by geography such as North America, Europe, Asia Pacific and LAMEA.
• Estimation of 2013 -2020 by considering current market trends and future opportunities.
• Report includes profiles of key players who are primarily responsible for driving the growth and will further direct the course of wearable electronics market
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