Wearable Computing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Wearable Computing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Semiconductors

Report Description

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Wearable computing devices are electronic computer based equipment or devices that can be incorporated on a body or into an item of clothing. These small electronic devices provide the user with wireless networking and mobile computing. Currently, wearable computing devices come with wireless communication capabilities, microchips, and various sensors which can track activities, collect data, and provide enhanced customer experience. The devices range from providing limited, very specific features such as heart rate monitoring to advanced functions similar to those of smartphones. Wearable computing devices allow the wearer to browse the internet via applications, take and view videos or pictures, and read emails and text messages. The advantages of wearable computing devices include real time data provision, local storage, and portable design. Some examples of wearable computing devices include smart watches, smart contact lenses and glasses, and smart fabrics and e-textiles. Market players are also launching wearable computing devices which can be integrated with smartphones. Use of wearable computing devices in health and fitness, medicine, gaming, music, transportation, and education has seen significant growth in the past few years.

Factors such as growing popularity of wearable medical and health devices, rising adoption of wristbands and smartwatches, and continuous technological advancements in the wearable devices market are some of the factors which are expected to drive the global wearable computing devices market from 2017 to 2025. Features such as real time data monitoring, unique user interface, and light weight designs are attracting end users to adopt the devices. Moreover, technological developments in Information Technology (IT) and material sciences is expected to fuel the growth of the wearable computing devices market over the forecast period. Privacy concerns pertaining to data generated from wearable devices and high cost associated with it are some of the factors expected to limit the market growth. In addition, limited battery backup provided by these devices is likely to be a restraining factor. Nonetheless, major global technology conglomerates including Microsoft Corporation, Google Inc., and Apple Inc. are investing significant amount of resources on developing advanced wearable computing devices.

The global wearable computing devices market is segmented on the basis of applications and region. By applications, the market is divided into consumer applications and non-consumer applications. The consumer applications segment is further divided into smart glasses, smart clothing, activity trackers, smart watches, wearable cameras, gaming devices and others. Non-consumer applications are classified into healthcare, defence and industrial. Rising acceptance of smart fitness gears, smart watches, and activity trackers in various fitness activities is expected to drive the growth of the consumer applications segment over the forecast period. By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is likely to generate significant share of revenues owing to the presence of substantial number of market players and constant launch of technologically advanced products in the region. Further, strong growth of wireless internet connectivity in the region and emergence of China and India as Asia’s manufacturing hubs is expected fuel the market growth of the Asia Pacific region.

A number of startups are entering the wearable computing devices market with their smart solutions owing to huge popularity of Internet of Things (IoT). Major players in the market are further adopting various strategies such as strengthening of intellectual property, and regional expansion via mergers and acquisitions to grab the market share. Some of the key players in the global wearable computing devices market are Apple Inc., Adidas AG, Fitbit Inc., LG Electronics, Inc, Nike, Inc., Garmin, Ltd., Samsung Electronics Co., Ltd, Pebble Technology Corporation, Zephyr Technology Corporation, Sony Corporation, and AiQ Smart Clothing Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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