The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions.
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.
Smart clothing is an ongoing trend in the market. Smart garments are fabricated with silver-coated fibres. It acts as a sensor and streams real-time data to a smartphone. Multiple fashion brands are producing such clothing and are used by athletes to monitor heart rate, stress level, and breathing. Smart jewellery is another application of wearable computing. Smart jewellery enables women to stay updated on email, texts, or calls when they are unable to access them via phone. Head-mounted displays are wearable computing gadgets that deliver information straight into the eyes. It is another beneficial device for people that provides features, such as finding information, taking pictures, and share videos. Hence, the overall growth of wearable computing appears bright.
More Information : https://www.marketresearchfuture.com/reports/wearable-computing-market-5375
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