Dublin, April 11, 2022 (GLOBE NEWSWIRE) -- The "The Wearable Technology Market - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
Wearable technology is quickly becoming a major force in today's world and industries. There are many reasons that wearable technology has developed over the years although the main reason for the recent development has been the development of electronics that are small, lightweight, and can be worn on the body without restricting movement.
As with many technological advances, wearable technology has come from the traditional areas of medicine and military research and also from everyday consumer products such as handbags and watches Electronic devices can provide improved sensory feedback. Many people suffer from sensory processing disorders such as sensory integration disorder which means they have problems with textures, smells and other types of "bodily" sensations. Some people with this disorder have an extra sensory organ such as an ear or nose that allows them to fully experience physical things.
Market Dynamics
Growing smartphone users is expected to boost the global wearable technology market growth over the forecast period. According to the Pew Research Center, in 2019, around 81% of people in the U.S. had smartphones, increasing from 68% in 2015. According to the same source, tablet users in the U.S. increased from 34% in 2013 to 52% in 2019. This, in turn, has significantly increased the adoption of wearable devices including smartwatches.
Moreover, increasing growth prospects of next-generation displays in wearable displays are expected to accelerate growth of the global wearable technology market in the near future.
Key features of the study:
- This report provides in-depth analysis of the wearable technology market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021-2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global wearable technology market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Adidas, Suunto, Abbott laboratories, Sony, Eurotech, Nike, Google, Inc., Garmin International Inc., Medtronic, Fitbit Inc., and Apple Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global wearable technology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wearable technology market
Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
4. Global Wearable Technology Market, By Application, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2028 (%)
- Segment Trends
- Fitness and Wellness
- Introduction
- Market Size and Forecast, 2017-2028, (US$ Million)
- Infotainment
- Introduction
- Market Size and Forecast, 2017-2028, (US$ Million)
- Healthcare and Medical
- Introduction
- Market Size and Forecast, 2017-2028, (US$ Million)
- Industrial and Military
- Introduction
- Market Size and Forecast, 2017-2028, (US$ Million)
5. Global Wearable Technology Market, By Region, 2017-2028 (US$ Million)
6. Competitive Landscape
- Company Profiles
- Adidas
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Suunto
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Abbott laboratories
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sony
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Eurotech
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Nike
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Google, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Garmin International Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Medtronic
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Fitbit Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Apple Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
7. Section
For more information about this report visit https://www.researchandmarkets.com/r/9qpxcu
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