Wearable Device Market Overview, Share, Trends, & Forecast

Posted on 2018-08-27 by Goldstein Research in Electronics, Technology // 0 Comments

New York, USA, 2018-Aug-27 — /EPR Network/ —According to Goldstein Research, global wearable device market is expected to reach USD 19.28 billion by 2024, growing at a CAGR of 17.0% over the forecast period 2016-2024. Major driving factor in the expansion of the wearable device market is the growing need for effective health management for chronic health conditions such as diabetes and obesity. Global wearable device market segmentation has been done on the basis of product type, end user and geography.

Health and fitness wearable device is dominating the market. Leading market players such as Samsung, Apple, Garmin, Lenovo and Pebble are acquiring smart watches market with their innovative solutions. Global wearable device market is largely dominated by North America with a market share of 36.0% in 2016 owing to huge advancements and investments in the wearable technology and presence of leading players in the U.S.

Market Segmentation

On the basis of our in-depth analysis, Global Wearable Device Market can be segmented as follows:

Based on Product Type

Neckwear
Footwear
Headwear/Eye Wear
Wristwear
Bodywear

By End User

Consumer Electronics
Healthcare
Industrial & Enterprise

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Wearable Device Market Outlook 2024” contains the detailed overview of the global wearable device market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type and end user.

Further, for the in-depth analysis, Global Wearable Device Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research reports also includes competitive outlook of some of the major players profiling of companies such as Google Inc., Apple Inc., Garmin Ltd., Samsung, Pebble Technology Corporation, Fitbit Inc., Xiaomi, Omron Corporation, Adidas, Jawbone, Sony Corporation, Philips Healthcare, Vital Connect, Sotera Wireless, Intelesens Ltd., Basis Science, Inc., Covidien Plc, Gentag Inc., Intel Corporation, Polar Electro, Winmedical Srl, InteraXon, Jabra, Johnson & Johnson, Murata Manufacturing Co., Ltd., Misfit Wearables, iHealth Lab, MC10, Hillcrest Labs, Bragi, Valencell, Motorola Solutions, Plantronics, Recon Instruments, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global wearable device market share along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Market Segmentation

Based on Product Type

By End User

By Region

About Goldstein Research

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