Wearable Computing Market Share
Wearable computers are electronics that are worn by a man. They are also called body-borne computers, as they are worn on, under, or with cloths. Smartphones or wristwatch, any device that is in contact with the body is called wearable computing gadgets. Wearable devices can range from mobile phones to fitness trackers. Wearable computing gadgets have sensors that are can measure the required parameter that the device is designed to check. Novel user interface technologies, such as optical head-mounted display and Google Glass, are being incorporated in these devices to enhance the performance of wearable devices.
Technology developments are contributing to innovations in wearable computing. Technologies, such as extended reality, artificial intelligence, machine learning, big data, and the internet of things are playing a significant role in improving the productivity of wearable computing devices. Like the influential forces of technology, other factors, such as an increase in the comfort threshold of people, purchasing power of people, and availability of proper equipment are casting an impact on the global market of wearable computing.
Market Research Future (MRFR), in its newest “Wearable Computing Market” report, states that the global market of wearable computing is expected to strike 15% CAGR between 2017 and 2023. The high growth opportunities that are created due to an increase in the adoption of wearable gadgets is likely to cause an escalation in the value of the market, reveals MRFR. MRFR estimates the wearable computing market to value USD 35 billion by 2023.
Wearable computing devices are used for multiple purposes. People are widely using smartphones and smartwatches. The disruptive forces of these devices are observed to influence our lives. The greater convenience offered by wearable computing tools in almost every activity is expected to spur the global market growth. Another type of wearables has sensors integrated, for example, camera-based welding helmets and fitness trackers. In the recent world, where people are aspiring for a healthy lifestyle amidst their hectic work schedule, they need devices that are portable and can easily record their activities. Hence, these factors are increasing the sales of the smart fitness s wearables. This is likely to catalyze the growth of the global market of wearable computing. The presence of numerous proficient developers of wearable computers is adding to the momentum of its market.
Regional Analysis
The global wearable computing market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
North America is expected to dominate the global wearable computing market with the highest share percentage. The region currently leads the global market and is expected to remain the same in the coming years. The US and Canada are two of leading nations that are contributing majorly to the growth and expansion of the regional market. The growth of the region is due to the growing popularity of smart gadgets and an increasing level of investments that are being made in developing wearable products.
Elsewhere, Europe is projected to enjoy substantial growth over the forecast period to retain its second rank in the global standings. Herein, countries like the UK, Germany, and France are majorly leading the contribution charts. The huge investments being made for research and development of wearable devices in this region is triggering the growth of the market.
Finally, Asia Pacific region is expected to be the fastest growing region in the global wearable computing market over the forecast period. Countries like China, Japan, and India are leading the regional market with the maximum contribution. The growth of the regional market is due to the rising awareness among the young generation about such devices.
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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.
Wearable Computing MarketThe 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 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.
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.
