The global wearable computing market is expected to grow at a CAGR of 15% and attain USD 35 Bn by the end of the forecast period of 2017–2023, as per a research report published by Market Research Future (MRFR). The market is set to expand rapidly and gain prominence over the years. Wearable computing technology is largely being used in fitness wellness and life-tracking applications such as smart sports glasses, activity monitors and sleep monitors which is gaining popularity among consumers who are keen on tracking man aspects of their lives. Wearable computing has the ability to make health care more efficient by facilitating virtual monitoring service for chronic diseases and is finding fast adoption in the healthcare sector. Novel developments are being added to the healthcare sector with the help of wearable computing technology such as digital medicines which is expected to bolster the growth of the market.
Extensive smartphone adoption is a factor which is likely to increase the chances of buying wearable computing devices that are tethered to those phones. Wearable computing in itself is a significant development, and promising advancements in the wearable computing landscape is expected to propel the growth of the market. The landscape is supported by technology platforms such as Salesforce and Microsoft CRM. CRM vendors incorporating wearable computing technology in their businesses to explore different use cases which, in turn, is boosting the growth of the market. High costs associated with wearable computing devices is a major restraint to the market growth. The market might not reach up to its fullest potential until the technology is fully integrated into clothing and becomes invisible and seamless. The market growth might be hindered by profound challenges to privacy frameworks across the globe. Wearable computing technology has the capability to yield a tremendous amount of personal data which can be analyzed without consent and will give rise to a new generation of privacy challenges. Stringent regulatory norms pertaining to privacy and protection of personal data is likely to restrict the growth of the market.
Segmentation
The global wearable computing market has been segmented based on technology, product, and end user. By technology, the market has been segmented into display technologies, networking technologies, and other technologies. The display technologies segment is further segmented into augmented reality and virtual reality. The networking technologies segment is further segmented into Wi-Fi and Bluetooth. By product, the market has been segmented into smart clothing and textiles, activity monitoring device, wearable camera and virtual reality eyewear. By end-user, the market has been segmented into defense & security, home automation, medical & healthcare, enterprise & industrial, fitness & wellness, infotainment, gaming, and other applications.
Regional Analysis
The key markets of the global wearable computing market include North America, Europe, Asia Pacific and the Rest of the World (RoW). North America is dominating the market for wearable computing, and the US and Canada are the key contributors in the region. The market has been witnessing rapid growth on account of increasing investment in the development of the technology and rising popularity of the technology and related products. Europe is the second largest market for wearable computing, Germany, France and the U.K being the key contributors in the region. Massive investment in R&D activities can be attributed for the growth of the market in the region. Asia Pacific is expected to be the fastest growing market for wearable computing, and the Rest of the World is also expected to exhibit steady growth over the forecast period.
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Wearable Computing Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Wearable Computing industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Wearable Computing manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Wearable Computing market covering all important parameters.The key ponits of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Wearable Computing industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Wearable Computing industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Wearable Computing Industry before evaluating its feasibility.Key Benefits for Wearable ComputingMarket:This study includes the global Wearable Computingmarket analysis, trends, and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and global Wearable Computingmarket opportunity.The global Wearable Computingmarket size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the Wearable Computingindustry.Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-wearable-computing-2019-2024-192There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Wearable Computing as well as some small players.
At least 8 companies are included: Apple Inc. (U.S.) Motorola Holdings LLC (U.S.) Google Inc. (U.S.) LG Corporation (South Korea)To know more competitorThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of Wearable Computing market in gloabal and china.
Computing Display NetworkingFor end use/application segment, this report focuses on the status and outlook for key applications.
Global Wearable Computing Market Research Report, by technology (Display Technologies, Network Technologies and Others) by Product (Activity Monitoring Device, Smart Clothing & Textile, and Wearable Camera) and by End User (Infotainment, Gaming, and Others) - Forecast till 2023Wearable Computing MarketWearable computing is a shared relationship between man and machine.
This creates a unique differentiation between wearable computers and portable machines such as hand held devices and laptop computers which intensify the bond between human and computer to evolve the wearable computing as a concept of human intelligence.
The human intelligence is a framework which is an outcome of a communication bond between human and computational process.
For instance, a wearable device can be transformed into electric eyeglass where the user can interact and analyze the device without any interruption.The wearable computing technique are extensively used in different technologies such as augmented reality, diminished reality and mediated reality.
With the constant evolving technologies, the computing techniques can be implemented into smart watches and wristbands.The rising need and increase in adoption of techniques in wearable health and medical devices are expected to drive the wearable computing market over the forecast period.
Additionally, diffusion of smart clothing in the European region in large investment is presumed to be gaining prospect over the next few years.On the other hand, high initial price range of wearable devices and lack of technical know-how are presumed to hinder the growth of wearable computing market over the review period.The wearable computing has been categorized into technology, product, and end user.Based on the technology, the wearable computing is sub divided into display technologies, networking technologies, and other technologies.
Market Highlights:Wearable computing is a shared relationship between man and machine.
This creates a unique differentiation between wearable computers and portable machines such as hand held devices and laptop computers which intensify the bond between human and computer to evolve the wearable computing as a concept of human intelligence.
The human intelligence is a framework which is an outcome of a communication bond between human and computational process.
For instance, a wearable device can be transformed into electric eyeglass where the user can interact and analyze the device without any interruption.The wearable computing technique are extensively used in different technologies such as augmented reality, diminished reality and mediated reality.
With the constant evolving technologies, the computing techniques can be implemented into smart watches and wristbands.The rising need and increase in adoption of techniques in wearable health and medical devices are expected to drive the Wearable Computing Market over the forecast period.
Additionally, diffusion of smart clothing in the European region in large investment is presumed to be gaining prospect over the next few years.On the other hand, high initial price range of wearable devices and lack of technical know-how are presumed to hinder the growth of wearable computing market over the review period.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5375Segmentation:The wearable computing has been categorized into technology, product, and end user.Based on the technology, the wearable computing is sub divided into display technologies, networking technologies, and other technologies.
The growth sectors of the Wearable Computing Market Share are identified with precision for a better growth perspective.The global wearable computing market was analyzed by Market Research Future (MRFR) and it was projected that a striking CAGR of 15% will be attained by the market over the forecast period of 2017 to 2023.
The valuation of the wearable computing market was further stated to surpass its previous figure to reach an estimated valuation of USD 35 Billion by 2023.The global market is experiencing a surging growth due to the increasing adoption of wristbands and smart watches among consumers.
Add to this, there is a burgeoning interest for networking, communication and recognition technologies for wearable products, thereby driving the global wearable computing market.
However, the high consumption rate of power and limited use of battery life can pose to be a challenge to the potential growth of the market over the forecast period.Market SegmentationThe global wearable computing market has been segmented in terms of product, end-user, and technology.By technology, the market segments into networking technologies, display technologies, and other technologies.
The networking technologies is narrowed down into Wi-Fi and Bluetooth, while the display technologies is broken down into augmented reality and virtual realityBy product, the market comprises activity monitoring device, smart clothing and textiles, wearable camera and virtual reality eyewear.By end-user, the market includes fitness & wellness, defense & security, medical & healthcare, infotainment, gaming, automation, home enterprise & industrial, and other applications.Healthcare & medical and fitness & wellness are expected to have a significant growth over the next few years.
The region currently leads the global market and is expected to remain the same in the coming years.
