Global Wearable Technology Market Snapshot to 2027 – Rising Consumer Preference for Sleek and Compact Health and Fitness Devices Driving Growth

Global wearable technology market

Dublin, 07 Dec. 2022 (GLOBE NEWSWIRE) — The report “Wearable Technology Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global wearable technology market size reached US$49.3 billion in 2021. Looking forward, the publisher expects the market to reach US$110.8 billion by 2027, showing a CAGR of 14.45% in 2021-2027.

Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.

Wearable technology is an advanced technological solution used in electronic devices, or gadgets, which can be worn comfortably on the body to track biometric information in real time. These devices can also be integrated into clothing or implanted in the user’s body.

Some of the commonly used devices incorporated into wearable technology include smartwatches, head-mounted displays, smart jewelry, implantable devices, and fitness trackers that allow the wearer to track pulse, heart rate, steps, and hours of sleep. These gadgets are hands-free and use microprocessors and sensors to receive and track information in real time.

Global Wearable Technology Market Trends:

Significant growth in the healthcare industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, growing consumer preference for sleek and compact health and fitness devices is giving impetus to the growth of the market. They are used to monitor patients in intensive care and as early warning systems for viral infection.

Moreover, various product innovations, such as the integration of Internet of Things (IoT) connected devices, artificial intelligence (AI) and virtual reality (VR), act as other growth drivers. . Product makers are also developing next-generation displays and miniaturized sensors, which are used in head-mounted displays for high-end gaming and virtual and mixed reality experiences.

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Other factors including increasing consumer spending capabilities along with the widespread adoption of wearables by professional athletes and recreational fitness enthusiasts are expected to drive the market towards growth.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the major players being Alphabet Inc, Apple Inc., Garmin Ltd., HTC Corporation, Huawei Technologies Co. Ltd, Intel Corporation, Microsoft Corporation, Qualcomm Incorporated, Samsung Electronics Co.Ltd. and Sony Corporation.

Answers to key questions in this report:

• How has the global wearable technology market behaved so far and how will it behave in the years to come?

• What has been the impact of COVID-19 on the global wearable technology market?

• What are the main regional markets?

• What is the market breakdown by product?

• What is the market breakdown by application?

• What are the different stages of the industry value chain?

• What are the key drivers and challenges in the industry?

• What is the structure of the global wearable technology market and who are the major players?

• How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Wearable Technology Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Product
6.1 Wrist
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Glasses and headgear
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Footwear
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Ties
6.4.1 Market trends
6.4.2 Market Forecast
6.5 Body Clothing
6.5.1 Market trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market trends
6.6.2 Market Forecast

7 Market Breakdown by Application
7.1 Consumer electronics
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Healthcare
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Business and industrial application
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market trends
7.4.2 Market Forecast

8 Market Breakdown by Region

9 SWOT Analysis

10 Value chain analysis

11 Analysis of the five forces of carriers

12 Price Analysis

13 Competitive Landscape
13.1 Market structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Alphabet Inc.
13.3.1.1 Company overview
13.3.1.2 Product portfolio
13.3.1.3 Finance
13.3.1.4 SWOT Analysis
13.3.2 Apple Inc.
13.3.2.1 Presentation of the company
13.3.2.2 Product portfolio
13.3.2.3 Finance
13.3.2.4 SWOT Analysis
13.3.3 Garmin Ltd.
13.3.3.1 Company Overview
13.3.3.2 Product portfolio
13.3.3.3 Finance
13.3.3.4 SWOT Analysis
13.3.4 HTC Company
13.3.4.1 Company Overview
13.3.4.2 Product portfolio
13.3.4.3 Finance
13.3.5 Huawei Technologies Co. Ltd
13.3.5.1 Company Overview
13.3.5.2 Product portfolio
13.3.6 Intel Corporation
13.3.6.1 Company Overview
13.3.6.2 Product portfolio
13.3.6.3 Finance
13.3.6.4 SWOT Analysis
13.3.7 Microsoft Corporation
13.3.7.1 Company Overview
13.3.7.2 Product portfolio
13.3.7.3 Finance
13.3.7.4 SWOT Analysis
13.3.8 Qualcomm Incorporated
13.3.8.1 Company Overview
13.3.8.2 Product portfolio
13.3.8.3 Finance
13.3.8.4 SWOT Analysis
13.3.9 Samsung Electronics Co.Ltd.
13.3.9.1 Company Overview
13.3.9.2 Product portfolio
13.3.10 Sony Corporation
13.3.10.1 Company Overview
13.3.10.2 Product portfolio
13.3.10.3 Finance
13.3.10.4 SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/lm41he

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