Global industry size, analysis, opportunity and forecast to 2025 the marketwatch. The increasing demand for wearable devices for various applications such as medical, infotainment, fitness tracking, and so on is the major reason for the growth of the wearable technology industry. Wearable technology market research report forecast 2022. Discover all relevant facts and statistics on wearable technology like fitness tracker or smart watches now on. Identify the new revenue sources and the known and unknown adjacencies impacting the wearable technology market. Abstract the market for wearable technology has been slowly growing since. Wearable technology market trends in china global wearable technology market research report industry analysis, size, share, growth, trends and forecast 2019 to 2026 wearable technology in healthcare thematic research wearable technology forecasts 20192029 the wearable technology ecosystem.
No information contained in this paper is intended to affect or. Uk wearable technology industry report updated 2019. With introduction of smart gadgets, demand for sophisticated and. Wearable medical technology market size industry report. See the latest wearable technology in healthcare devices and what the future holds for this huge market. It is also the key market for the early success of wearable technology. Thats one of the problems with much of the market analysis its still a very introverted. The global wearable technology market size was valued at over usd 18 billion in 2014, owing to rapid adoption worldwide. Worldwide wearable technology market 20192024 analysis. The wearable technology market is a hot topic of discussion among many marketers.
Gartner says worldwide wearable device sales to grow 26. Research in the field of wearable devices and smart textiles is continuously growing. To view the original version on the express wire visit wearable technology market 2019. Wearable technology statistics and trends 2018 smart. Once integrated, the market is likely to grow at a substantial rate in forthcoming years. Wearable technology market has witness increased adoption owing to factors such as ease of use, flexibility and convenience. Prnewswire the global wearable technology market growth. Wearable technology market growth, trends, and forecast. The global wearable devices market value was projected to reach 5. Pdf the popularity of wearable technologies have increased day by day. Wearable technology an overview sciencedirect topics. North america is considered as hub technological advancements across the world. Mediatelecommunicationsgxtmt2014prediction wearables. Some of the prominent players in the market areapple.
Written by zach emmanuel, a leading analyst in the technology sector, his extensive knowledge delivers indepth commentary and analysis to highlight current trends and add expert context to the numbers. Wearable technology market share, size, report analysis global. Wearable technology market is a niche market with current domination of a few players. Wearable technology market research report analysis and forecast to 2025. Wearable technology is transforming the fitness and health industries. Integration of internet of things iot with wearable technology is an emerging trend and yet to gain customer traction due to limited interoperability. The new report provides a more detailed assessment of the current and future outlook for wearable technology, with further quantitative analysis such as. But it still feels unclear for some brands how they can adapt their marketing strategy to this new trend.
This study identifies emergence of hybrid smartwatch market as one of the prime reasons driving the wearable technology market growth during the next few years. There should be no proprietary information contained in this paper. Global wearable technology market 20122018 statista. As the technology is new and there are few players, the prices of the products are high. Wearable technology market industry analysis, market. Wearable technology market to 2025 global analysis and. These devices are used for tracking information on a realtime basis. European wearable technology market industry analysis. Moreover, a case study was implemented to study differences between male and female in choosing and using wearable technologies. Browse our catalogue of wearable technology market research reports, complete with extensive market analysis for global and regional segments.
The global wearable technology market is expected to grow at a cagr of 17. Wearable technology market size, share industry trends. According to verified market research, global wearable technology market was valued at usd 26. Wearable technology market by product, application covid. The impact of fitness technology on health outcomes.
Wearable medical devices in healthcare can help cut costs and improve patient care. Europe wearable technology market was valued at usd 308. Insights on wearable technology in business salesforce live. The worldwide market for wearable technology products is expected to increase dramatically over the next several years, with some estimates exceeding more than. Wearable technology market share, size, report analysis. Wearable technology market size emerging trends forecast. The wearables market is experiencing strong growth, particularly with smart earbuds. The path to certification and international market approval. There is massive excitement in the industry about wearable technology. Wearable medical devices are attached to the human body which act as biosensors to monitor and detect crucial changes in certain areas of the body and seize physiological data. The impact of fitness technology on health outcomes megan c. Opinions expressed by forbes contributors are their own. In summary, health and medical wearable technology will strongly participate to the expansion of wearable products, but other segments like industry have also a. Wearables are electronic technology incorporated into items that can be worn on a body.
Wearable technology generally possesses few characteristics. The wearable technology market was valued at usd 27. Wearable technology market size as evidenced by the top five manufacturers of wearable devices in 2015, the current. Applying a basic ols regression analysis, i show that mobile. Moreover, it provides real time data monitoring, operational efficiency and fitness tracking. As a relative newcomer to the competitive consumer electronics landscape, wearable devices have. Global wearable technology market is anticipated to reach usd 196. Wearable technology market growing at a cagr of 15. Wearable technology is a blanket term for electronics that can be worn on the body, either as an accessory or as part of material used in clothing.
Wearable technology market analysis by product, technology, components and application, global wearable technology market predicted to grow at cagr 16%, wearable technology industry is segmented product type, application, geography by devices. This growth is associated to the introduction in the market of. Smart clothing market analysis uc berkeley sutardja center. Increasing consumer awareness and rising technically sound population is also anticipated to drive demand over the forecast period. Importantly, these applications revolutionized the way we monitor and access patient status through remote continuous monitoring. Until recently, technology, cultural, and market conditions have not been aligned to support the adoption of smart clothing. Wearables such as hearing aids were launched in the 1980s. Then, the thesis shows the current situation of wearable industry as well as creates a swot analysis of it and predict further development that wearable technology can reach in the future.