Wearable Electronics Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

Wearable Electronics Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

  • Published: November 2015
  • ID: SMRC15289

The Global Wearable Electronics market is expected to reach $43.81 billion by 2022 growing at a CAGR of 26.9% from 2014 to 2022. Incursion of wireless connectivity, increasing demand for portable applications in networking, positioning, and communication, wearable’s with multiple sensors and adoption of electronic smart-textiles are the factors fueling the market growth. Higher prices and power consumption issues are the factors limiting the market growth. The future growth lies in key enabling technologies, multi featured and multi application devices. North America commanded the largest market for wearable electronics with US accounting for around 70% followed by Europe and Asia Pacific. Asia Pacific is expected to grow at a faster rate during the forecast period.

The implications of wearable technology can influence the fields of healthcare, education, enterprise, finance, transportation, gaming and music. These technologies will tend to incorporate functional, portable electronics into individuals daily lives. The adoption of wearable electronics in mobile money, education, gaming, healthcare & fitness are expected to fuel the wearable electronics market. U.S. ‘Future Force Warrior (FFW)', U.K.’s ‘Future Infantry Soldier Technology’, Australia’s ‘Project Wundurra’, and Israel’s ‘Integrated Advanced Soldier (IAS)’ are poised to rise the military application market for wearable electronics. Lifestyle applications are the leading consumer segment with more than 15% of the market share in global market and it is expected to grow at the highest CAGR during the forecast period. Industrial and military applications have the most promising markets for wearable electronics.

The key players of the market include, Apple, Inc., Google, Inc., Sony Corp, Nike, Inc., Samsung Electronics Co. Ltd., Fitbit, Inc., Qualcomm, Inc., Texas Instruments, Inc. and Adidas Ag.

Products Covered:

• Wrist Wear

o Wrist Bands

o Wrist Wear Computers and Watches

• Neck Wear

o Ties and Collars

o Fashion and Jewelry

• Eye Wear

o Smart Glasses and Goggles

o Contact Lenses and Others

• Foot Wear

o Special Application Foot Wear

o Casual Foot Wear

• Body Wear

o Arm & Leg Wear

o Clothing and Inner Wear

o Fashion & Apparel

• Other Wearable Electronics

o Smart Headsets

o Ring Scanners

o Head Bands

Technologies Covered:

• Computing Technologies

• Display Technologies

o Speech Recognition

o Sensor Technologies

o Positioning Technologies

o Networking Technologies

Components Covered:

• Sensing

• Display

• Interface

• Memory

• Control

• Positioning and Networking

• Power Supply

• PCBs

• Battery

• Audio

• Camera

• Others

Applications Covered:

• Consumer Electronics

o Multi-Function applications

o Fitness/Sports Applications

o Others

• Healthcare

o Clinical

o Non-Clinical

• Enterprise & Industrial

o Logistics, Packaging, & Warehouse Applications

o Others

• Entertainment applications

• Defense

• Others

Regions Covered:

• North America

o US

o Canada

• Europe

o Germany

o France

o Italy

o UK 

o Spain       

• Asia Pacific

o Japan       

o China        

o India       

o Australia       

o New Zealand      

o Rest of Asia      

• Rest of the World

o Latin America

o Middle East      

o Africa       

o Others      

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements 

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