openPR Logo
Press release

Rising Disposable Income and High Adoption Rate of Wearable Technologies to Impel the Growth of Smart Wearable Devices Market in Future, According to Research Nester.

10-16-2017 11:38 AM CET | IT, New Media & Software

Press release from: Research Nester Pvt Ltd

Rising Disposable Income and High Adoption Rate of Wearable

The global smart wearable devices market is segmented into product type such as wearable smart textiles and wearable devices (non-textile). Among these segments, wearable technology (non-textile) segment is expected to occupy the top position in the market during the forecast period. The rise of the wearable technology (non-textile) segment is backed by growing demand for products such as smart watches, fitness bands and other health monitors. Moreover, wearable smart textiles segment is also anticipated to witness significant growth over the forecast period owing to growing demand for smart cloths in developed regions.
Global smart wearable devices market is expected to register a 16.0% CAGR over the forecast period. Moreover, the global smart wearable devices market was valued at USD 16.2 Million in 2016 and is anticipated to reach at a valuation of USD 52.5 Billion by the end of 2024. Further, high adoption rate of advanced technologies and growing disposable income of the consumers are expected to be the dynamic factors which are fostering the growth of global smart wearable device market.
The fitness & wellness segment by application is likely to grow at remarkable pace during the forecast period. Increasing demand for wearable devices that can monitor heart rate, blood sugar and other health parameters is anticipated to foster the growth of this segment in near future.
Wearable technologies in healthcare & medical sector
Smart wearable devices such as heart rate monitor and glucose monitor are some of the very highly used wearable technologies in healthcare & medical sector. Further, the demand for smart wearable devices in health care and medical sector is expected to rise in near future due to rising need for continuous monitoring of patient’s health in hospitals.

Request Report Sample@ https://www.researchnester.com/sample-request/2/rep-id-380

Technological advancements with wearable technologies
Rapid technological advancements with wearable technologies in order to improve their performance are likely to impel the growth of global smart wearable devices. However, continuous introduction of innovative and advanced smart wearable technologies in consumer market is bolstering the growth of global smart wearable devices market.
However, high cost of smart wearable devices and lack of technological maturity are some of the major factors that are likely to inhibit the growth of the smart wearable devices market in the near future.
The report titled “Smart Wearable Device Market : Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global smart wearable devices market in terms of market segmentation by product, by function, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Request Table of Contents: https://www.researchnester.com/toc-request/1/rep-id-380

This report also provides the existing competitive scenario of some of the key players of the global smart wearable devices market which includes company profiling of Apple Inc., Sony Corporation, LG Electronics Inc., Adidas Group, Samsung Electronics Co. Ltd., Fitbit Inc., Xiaomi Technology Co. Ltd., Garmin Ltd., Alphabet Inc., and Misfit Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart wearable devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Request Ask The Analyst: https://www.researchnester.com/ask-the-analyst/rep-id-380

To Know More About This Research, Kindly Visit: https://www.researchnester.com/reports/smart-wearable-device-market-global-demand-analysis-opportunity-outlook-2024/380

Research Nester, a market research and consulting company, is currently serving clients from 120+ countries across the globe ranging from healthcare, ICT & Electronics, FMCG, retail, oil & gas, energy & power to niche markets like chemicals. We assess the market for existing and new product in sync with demand arising from the market and its counterparts. Analysts at Research Nester provide the best-fit actionable insights by calculating the market size, estimating the y-o-y growth and anticipated demand for a particular product or service. View all posts by Research Nester

For Table of Content & Free Sample Report Contact:
Name:-Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
Website:-www.researchnester.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Rising Disposable Income and High Adoption Rate of Wearable Technologies to Impel the Growth of Smart Wearable Devices Market in Future, According to Research Nester. here

News-ID: 774595 • Views: 521

More Releases from Research Nester Pvt Ltd

Ebola Vaccine Market Report 2020: Rising Impressive Business Opportunities Analy …
Research Nester released a report titled "Ebola Vaccine Market: Global Demand Analysis & Opportunity Outlook 2027" which delivers detailed overview of the global Ebola vaccine market in terms of market segmentation by virus type, by end user and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model. The Ebola vaccine market is projected
Global Online Education Market Expected to Worth USD 438.71 billion, at a CAGR o …
Research Nester has released a report titled "Online Education Market - Global Demand Analysis & Opportunity Outlook 2027" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model. Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-2350 Technological advancements in the recent times have observed
Plywood Market: Industry Insights By Growth, Astonishing Growth, Rising Demand,I …
The global plywood market is segmented to application type such as furniture, transport, construction, packages and others. Among these segments, construction segment is anticipated to flourish in the upcoming year. Plywood market is booming across the globe on the account of growing housing population. Growing usage and demand for various plywood furniture such as table, chair, sofa and many other essentials among urban people is anticipated to impel the growth of
Virgin Coconut Oil Market: Global Industry Analysis, Technological Innovations, …
The dominant leader of coconut production across the world is Indonesia (around 180 Million tonnes). In 2017, with a production of around 150 million tonnes and 115 million tonnes, Philippines and India has the second and the third largest production of coconuts. During 2016, the organic virgin coconut oil market around the globe was valued at USD 685 Million approximately. The virgin coconut oil market has been segmented into organic virgin coconut

All 5 Releases


More Releases for Wearable

Wearable Translator Market 2025 |
Market Overview: Wearable Translator supports real-time speech conversion. The technology associated with the wearable translator does not depend on any type of internet connection like the old conventional type of translators in which a person has to download the app and then different languages as per the requirement which takes up much of the space from the memory of the cell phone.The wearable translator has a resounding battery life of 24
Wearable Computing Glasses Market
https://www.qandqmarketresearch.com/reports/7293838/wearable-computing-glasses-market-6 Wearable Computing Glass is a device that comprises a small display positioned in front of the wearer’s eye in order to provide virtual information regarding the environment. The global Wearable Computing Glasses market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 20192025. The objectives of this study are to define, segment, and
Wearable Technology Market
Global Wearable Technology Market: Snapshot Growing demand for wearable devices has increased in various countries. Hardware and software components are driving the demand in the wearable technology market owing to a rise in the use of advanced technologies. High preference for maintaining physical fitness has increased the need for wearable technology. This market has gained immense popularity by introducing innovative technologies and expanding its boundaries by offering new types of wearable
Wearable Technology Market
Wearable technology is gaining popularity at a rapid pace, and it has gone beyond just connected eyewear and smartwatches with new products such as wrist bands, smart shoes, smart apparels, and more. Companies are creating apparel, accessories, and fitness wear that can do everything from monitoring heart rate to charging a smartphone. Scope of the Report: This report focuses on the Wearable Technology in Global market, especially in North America, Europe and
Wearable Technology Forecasts: 2016 – 2030
The “Wearable Technology Ecosystem: 2016 - 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology ecosystem including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2016 through to 2030. The forecasts are further
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other