Wearable Technology Market is estimated to reach $48.56m by 2024

19/giu/2019 09:09:17 IndustryARC Contatta l'autore

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According to the report published by IndustryARC titled “Wearable Technology Market Analysis: By Product Type (Wrist-wear, Eye-wear, Foot-wear, Neck-wear & Others); By Application (Fitness and wellness, Healthcare, Infotainment, Defense & Others)& By Geography – Forecast (2019–2024),” the Wearable Technology market is forecast to reach $48.56m by 2024. Rising demand from 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 market.

Browse 60+ Market Tables and 60+ Figures spread across 200 pages, and go through an in-depth TOC on the Wearable Technology Market

The Wearable Technology market is all set to exhibit robust growth owing to the increasing applications of wearable technology in the fitness and wellness, infotainment, defense, and medical and healthcare industries. However, limited battery life and higher initial costs of wearable devices have restricted the growth of this market to a certain extent.  The wearable technology market is estimated to grow at a CAGR of 15.42% during the forecast period.
With the increased focus on fitness wear and wrist wear devices, North America has dominated the wearable technology market in 2018. Asia-Pacific is expected to be the fastest growing region for the wearable technology market during the forecast period. The increasing demand from the medical and healthcare industry for various applications such as early diagnosis, remote patient monitoring, information registry, and adherence to medication are resulting in the growth of the wearable technology market. 

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The demand from manufacturing industry is also one of the key driving factors for the wearable technology market due to the growth and development of Industrial IoT, in which diverse sensors can be used in the wearable devices that can procure the huge amount of data 
The rise in demand for IoT in various application such as smart homes, industries, and so on is driving the market for the wearable technology as the wearable devices are the key components of IoT and are used to procure the data to a large extent. 

The major players in this market include

    Adidas Ag
    Apple Inc.
    Fitbit, Inc.
    Garmin Ltd
    Nike Inc.
    Google Inc.

Wearable Technology manufacturers have utilized product launch as a strategy and enhanced core competencies through additions to the product portfolio to gain a foothold in the emerging markets.

The end-user industries covered in the Wearable Technology Market report include: 
    Fitness and wellness
    Enterprise and Industrial

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.  The competitive landscape for each of the product types is highlighted and market players are profiled.

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Related reports:
A. Wrist Wearable Devices Market:

B. Wearable Medical Devices Market:

What can you expect from the report?
The Wearable Technology Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Wearable Technology Market Size by Product Categories & Application         
2. Wearable Technology Market trends & Relevant Market Data
3. Manufacturer Landscape                                   
4. Distributor Landscape                                    
5. Pricing Analysis                                        
6. Top 10 End-user Analysis                                
7. Product Benchmarking                                    
8. Product Developments                                    
9. Mergers & Acquisition Analysis                            
10. Patent Analysis
11. Wearable Technology Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Wearable Technology Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Wearable Technology Market Strategic Analysis
18. Wearable Technology Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Wearable Technology Market Revenue and Volume Analysis

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Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in the application or end-user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services.

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