Smart Wearables Market
Smart Wearables - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Smart Wearables Market is accounted for $216.18 million in 2019 and is expected to reach $960.97 million by 2027 growing at a CAGR of 20.5% during the forecast period. Some of the key factors propelling the market growth include incremental technological advancements, growing demand for heartbeat monitoring, increasing need for daily activity monitoring, and rising awareness about health consciousness enormous demand for constant connection between people, places, and things. However, Data Privacy Concerns is restricting the market growth.
Wearable technology is an emerging trend that integrates electronics to the daily activities and fits into the changing lifestyles and can be worn on any part of the body. Smart wearable devices are the perfect example of integration of advanced technologies into wearable objects such as eyewear, wristband, and watch. Smart wearable includes fitness tracker, smartwatches, VR headsets, activity tracker, and smart wristbands. These wearable devices are extensively used in various sectors such as fitness and sports, lifestyle, and defense.
By product, smartwatches segment is anticipated to grow at the significant rate during the forecast period, due to the increasing penetration rates of urbanization, the demand for aesthetically appealing advanced featured products with the ability to better serve the consumers’ daily requirements, such as time schedules, has driven the market for smartwatches, globally. Moreover, the huge millennial population has been adopting smartwatches, owing to the increased spending for their regular work hours tracking as well as luxury standards.
Based on the geography, Asia-Pacific is expected to witness the significant growth in the smart wearable market during the forecast period, due to increasing internet penetration level, high level of technical expertise, rising e-commerce sector, and growing electronics industry coupled with a rapid rise in the disposable income in the region. The prominent countries in the region are China and India. Rapid industrialization and huge incorporation of technologies into devices are believed to boost the smart wearable market in these countries. Moreover, the demand for fitness trackers in the region is expected to rise, owing to an increase in the population rate, advancement in technology, and stable economic growth.
Some of the key players in smart wearables market include Fossil Group Inc., Apple Inc., Huawei Technologies Co. Ltd, Sony Corporation, Transcend Information Inc., Ekso Bionics Holdings Inc., Samsung Electronics Co. Ltd, Cyberdyne Inc., Garmin Ltd, Fitbit Inc., Sensoria Inc., Microsoft Corporation, Medtronic PLC, Bragi GmbH, Huami Corporation, GoPro Inc., Withings, Nuheara Limited, AIQ Smart Clothing Inc., and Omron Healthcare Inc.
Products Covered:
• Exoskeleton
• Head Mounted Displays
• Smart Clothing
• Body Worn Camera
• Ear Worn
• Smartwatches
• Hearables
• Sports and Fitness Wearables
• Personal Medical and Assisted Living
• Kids and Pets Wearables
• Fashion Wearables
• Augmented Reality Wearables
• Footwear
• Neckwear
Applications Covered:
• Infotainment
• Fitness and Healthcare
• Gaming and Recreational
• General Consumer Electronics
• Research and Development Applications
• Corporate and Industrial Applications
• Military and Intelligence
Technologies Covered:
• Speech and Pattern Recognition Technology
• Memory and Storage Technology
• Sensing Technology
• Display Technology
• Computing Technology
• Communication and Networking Technology
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Technology Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Wearables Market, By Product
5.1 Introduction
5.2 Exoskeleton
5.3 Head Mounted Displays
5.4 Smart Clothing
5.5 Body Worn Camera
5.6 Ear Worn
5.7 Smartwatches
5.8 Hearables
5.9 Sports and Fitness Wearables
5.9.1 Smart Activity Devices
5.9.2 Sports Clothing
5.9.3 Fitness Trackers
5.10 Personal Medical and Assisted Living
5.10.1 Tricorder Based Products
5.10.2 Personal Emergency Response System
5.10.3 Traditional Connected Personal Medical Devices
5.11 Kids and Pets Wearables
5.11.1 Baby Monitors
5.11.2 Child Trackers
5.11.3 Connected Pet Accessories
5.12 Fashion Wearables
5.13 Augmented Reality Wearables
5.13.1 Smart Cameras
5.13.2 Gesture Recognition
5.13.3 Smart Glasses
5.14 Footwear
5.15 Neckwear
6 Global Smart Wearables Market, By Application
6.1 Introduction
6.2 Infotainment
6.3 Fitness and Healthcare
6.4 Gaming and Recreational
6.5 General Consumer Electronics
6.6 Research and Development Applications
6.7 Corporate and Industrial Applications
6.8 Military and Intelligence
7 Global Smart Wearables Market, By Technology
7.1 Introduction
7.2 Speech and Pattern Recognition Technology
7.3 Memory and Storage Technology
7.4 Sensing Technology
7.5 Display Technology
7.6 Computing Technology
7.7 Communication and Networking Technology
8 Global Smart Wearables Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Fossil Group Inc.
10.2 Apple Inc.
10.3 Huawei Technologies Co. Ltd
10.4 Sony Corporation
10.5 Transcend Information Inc.
10.6 Ekso Bionics Holdings Inc.
10.7 Samsung Electronics Co. Ltd
10.8 Cyberdyne Inc.
10.9 Garmin Ltd
10.10 Fitbit Inc.
10.11 Sensoria Inc.
10.12 Microsoft Corporation
10.13 Medtronic PLC
10.14 Bragi GmbH
10.15 Huami Corporation
10.16 GoPro Inc.
10.17 Withings
10.18 Nuheara Limited
10.19 AIQ Smart Clothing Inc.
10.20 Omron Healthcare Inc.
List of Tables
1 Global Smart Wearables Market Outlook, By Region (2018-2027) ($MN)
2 Global Smart Wearables Market Outlook, By Product (2018-2027) ($MN)
3 Global Smart Wearables Market Outlook, By Exoskeleton (2018-2027) ($MN)
4 Global Smart Wearables Market Outlook, By Head Mounted Displays (2018-2027) ($MN)
5 Global Smart Wearables Market Outlook, By Smart Clothing (2018-2027) ($MN)
6 Global Smart Wearables Market Outlook, By Body Worn Camera (2018-2027) ($MN)
7 Global Smart Wearables Market Outlook, By Ear Worn (2018-2027) ($MN)
8 Global Smart Wearables Market Outlook, By Smartwatches (2018-2027) ($MN)
9 Global Smart Wearables Market Outlook, By Hearables (2018-2027) ($MN)
10 Global Smart Wearables Market Outlook, By Sports and Fitness Wearables (2018-2027) ($MN)
11 Global Smart Wearables Market Outlook, By Smart Activity Devices (2018-2027) ($MN)
12 Global Smart Wearables Market Outlook, By Sports Clothing (2018-2027) ($MN)
13 Global Smart Wearables Market Outlook, By Fitness Trackers (2018-2027) ($MN)
14 Global Smart Wearables Market Outlook, By Personal Medical and Assisted Living (2018-2027) ($MN)
15 Global Smart Wearables Market Outlook, By Tricorder Based Products (2018-2027) ($MN)
16 Global Smart Wearables Market Outlook, By Personal Emergency Response System (2018-2027) ($MN)
17 Global Smart Wearables Market Outlook, By Traditional Connected Personal Medical Devices (2018-2027) ($MN)
18 Global Smart Wearables Market Outlook, By Kids and Pets Wearables (2018-2027) ($MN)
19 Global Smart Wearables Market Outlook, By Baby Monitors (2018-2027) ($MN)
20 Global Smart Wearables Market Outlook, By Child Trackers (2018-2027) ($MN)
21 Global Smart Wearables Market Outlook, By Connected Pet Accessories (2018-2027) ($MN)
22 Global Smart Wearables Market Outlook, By Fashion Wearables (2018-2027) ($MN)
23 Global Smart Wearables Market Outlook, By Augmented Reality Wearables (2018-2027) ($MN)
24 Global Smart Wearables Market Outlook, By Smart Cameras (2018-2027) ($MN)
25 Global Smart Wearables Market Outlook, By Gesture Recognition (2018-2027) ($MN)
26 Global Smart Wearables Market Outlook, By Smart Glasses (2018-2027) ($MN)
27 Global Smart Wearables Market Outlook, By Footwear (2018-2027) ($MN)
28 Global Smart Wearables Market Outlook, By Neckwear (2018-2027) ($MN)
29 Global Smart Wearables Market Outlook, By Application (2018-2027) ($MN)
30 Global Smart Wearables Market Outlook, By Infotainment (2018-2027) ($MN)
31 Global Smart Wearables Market Outlook, By Fitness and Healthcare (2018-2027) ($MN)
32 Global Smart Wearables Market Outlook, By Gaming and Recreational (2018-2027) ($MN)
33 Global Smart Wearables Market Outlook, By General Consumer Electronics (2018-2027) ($MN)
34 Global Smart Wearables Market Outlook, By Research and Development Applications (2018-2027) ($MN)
35 Global Smart Wearables Market Outlook, By Corporate and Industrial Applications (2018-2027) ($MN)
36 Global Smart Wearables Market Outlook, By Military and Intelligence (2018-2027) ($MN)
37 Global Smart Wearables Market Outlook, By Technology (2018-2027) ($MN)
38 Global Smart Wearables Market Outlook, By Speech and Pattern Recognition Technology (2018-2027) ($MN)
39 Global Smart Wearables Market Outlook, By Memory and Storage Technology (2018-2027) ($MN)
40 Global Smart Wearables Market Outlook, By Sensing Technology (2018-2027) ($MN)
41 Global Smart Wearables Market Outlook, By Display Technology (2018-2027) ($MN)
42 Global Smart Wearables Market Outlook, By Computing Technology (2018-2027) ($MN)
43 Global Smart Wearables Market Outlook, By Communication and Networking Technology (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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