Scope of the Study
Over the past couple of years, demand for highly advanced networking, communication, & recognition wearables has been increased. In addition to this, the increasing popularity of artificially intelligence and internet of things (IoT) will be the key factors fueling market growth. However, factors such as power consumption, limited battery life, and high cost & safety issues are hampering the market growth. "Wearable computing" is an embedded technology in electronics and smart accessories such as a wristband and watch. These devices are primarily used for fitness, healthcare and media purposes. Apart from these applications, wearable devices can also be used in regular health check-ups and smart jewelry. Due to continues technological advancements in wearable computing the global market will generate vigorous opportunities over the forecasted period.
The market study is being classified by Type (Smart watches, Essential Round-Up, Head-Mounted Displays, Smart Jewelry and Implantable), by Application (Fitness and Wellness, Medical and Healthcare, Enterprise and Industrial and Infotainment) and major geographies with country level break-up. According to AMA, the Global Wearable Computing market is expected to see growth rate of 22.67% and may see market size of USD5993.71 Million by 2024.
Adidas AG (Germany), Apple Inc. (United States), Boston Scientific Corporation (United States), Fitbit Inc. (United States), Garmin, Ltd. (United States), Jawbone (United States), LG Electronics, Inc. (South Korea), Motorola Mobility Holdings, Inc. (United States), Nike, Inc. (United States) and Pebble Technology Corp. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Samsung Electronics Co., Ltd (South Korea), Sony Corporation (Japan) and Zephyr Technology Corporation (United States).
The Players having a strong hold in the market are Adidas AG, Apple Inc., Boston Scientific Corporation, Fitbit Inc., and Garmin, Ltd.. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Wearable Computing market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Wearable Computing market by Type, Application and Region.
On the basis of geography, the market of Wearable Computing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operating Platform, the sub-segment i.e. Android will boost the Wearable Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Computing (Wearable Computers) will boost the Wearable Computing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Portable and Highly Automated Wearable Devices
- Rising Demand from Communication, Networking & Recognition Technology Applications
- Introduction to Highly Advanced Assault Protection Wearables
- Upsurging Demand for Medical as well as FItness Wearables
- Comparatively Higher Initial Investment due to Expensive Electronic Sensors
- Limited Battery Life might stagnate the demand for Wearable Computing
- Growing Adoption of Wearable Computing in Variety of Applications
- Rising Popularity of Internet of Things and Increasing adoption of Smart Watches
- Excessive Power Consumed in Using Wearable Devices
- Lack of Awareness in Underdeveloped Regions and Social Expectancy Factor
Communication devices emit energy in the form of RF signals referred commonly as EMI. The energy (EMI) radiates in the environment and they are absorbed by the human bodies around the environment. This energy at a high level of absorption could become injurious hence the absorption rate into the Human body is referred to as the Specific Absorption Rate (SAR), (ICNIRP, 1998). Emission standards have been set up by government institutions in various countries in order to protect the people from being affected by the hazardous emission of these Radio Frequency (RF) signals from wearble technologies
Key Target AudienceWearable Computing Service Providers, Wearable Device Manufacturers, Wearable Device Distributors and Traders, Upstream and Downstream Buyers, Venture Capitalist, Research and Development Institutes and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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