Wearable electronics are smart electronic devices that can be connected to the internet and be worn on the body as accessories. These devices are a key segment of loT devices, and they can exchange data through internet with the user and other connected devices. loT overall is a network of physical objects interconnected through various network technologies. The objects part of this network can communicate among themselves and with external environment when required. Wearable electronics include smart watches, smart bands, smart rings, smart glasses, head-mounted displays (HMDs), and smart clothing. Wearable devices offer benefits like optimized decision-making, ease of handling emergencies, cost cutting, enhanced quality of living, remote control access, healthy lifestyle, time management, commercial benefit, and better safety. Technavio believes that this market will witness significant growth during the forecast period.
MIR analysts forecast the global wearable electronics market to grow at a CAGR of 23.30% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global wearable electronics market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of wearable electronics.
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Global Wearable Electronics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Wearable Electronics Market Key Vendors Are: Apple, Samsung, Fitbit, Xiaomi, ODG.
Other Prominent Vendors in the market are: Other prominent vendors , ASUSTek Computer, Garmin, Huawei Technologies, LG Electronics, Motorola Mobility, Omate, Polar Electro, Pebble Technology, Sony, Lenovo, LG, Razer, BAE Systems, Cinoptics, Elbit Systems, EPSON, HTC, Kopin, Rockwell Collins, Sensics, Thales Group, Trivisio Prototyping, Vuzix,, AiQ Smart Clothing, Sensoria, Athos, DAQRI, Google, Laster Technologies, Meta, Microsoft, Jakcom Technology, Kerv Wearables, Logbar, Mota, NFC Ring, Nimb, Oura, , Ringly..
Wearable Electronics Market Driver:
- Growing awareness of wearable devices
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Wearable Electronics Market Trends:
- Growing crowdfunding campaigns
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Browse Full Report and Related Details at: https://www.marketinsightsreports.com/reports/0119165623/global-wearable-electronics-market-2018-2022
The Wearable Electronics Market is divided into the following segments based on Geography:
This independent 190-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Wearable Electronics Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
Commenting on the report, an analyst from MIR team said: “One trend in the market is incorporation of artificial intelligence. Digital and mobile payments are increasingly gaining traction in the supply chain of consumer goods and services. A whole new world of possibilities opens up when personalized connections between customer and merchant are made available through mobile technologies and artificial intelligence (Al).”
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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing crowdfunding campaigns. There are several vendors in the wearable electronics market. Few of the prominent vendors are startups. These companies were backed by several venture capitalists. There is high support in terms of investments through crowdfunding platforms such as Indiegogo, GoFundMe, and Kickstarter. Multiple vendors in the wearable electronics market have adopted crowdfunding to raise funds for their projects. This also helped increase awareness among potential customers and provided many opportunities to small vendors to innovate and succeed in stiff competition. It allows vendors to know customer interest in their products and directly communicate with potential buyers to involve them in product development stage, which helps them develop right products for the market.”
According to the report, one of the major drivers for this market is growing awareness of wearable devices. The wearable electronics market in APAC is expanding due to the proliferation of low-cost smart bands in this region and a decline in their ASP. Increasing disposable income and internet penetration are encouraging wearable device vendors to tap the growth potential of the market in the region. Vendors are focusing on developing countries to expand their revenue and market base. The ASP of these devices is expected to decline during the forecast period, making them attractive for price-sensitive consumers. Multiple vendors have adopted online and offline channels to enter APAC.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Highlights of The Wearable Electronics Market Report:
- The key details related to Wearable Electronics Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
- Competitive study of the major Wearable Electronics Market players will help all the market players in analyzing the latest trends and business strategies.
- The study of emerging Wearable Electronics Market segments and the existing market segments will help the readers in planning the business strategies.
- Figure Global Production Market Share of Wearable Electronics Market by Types and by Applications in 2017.
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