Scope of the Study
Smart wearable are the devices or components having intelligent functionality or storage capabilities and can be located on the organism. Additionally, they have the capabilities to sense the body. The devices include smart watches, fitness trackers, VR headsets, smart wristbands, Activity tracker, sports watches, and other smart wearable devices. With this technology high end fashion garments is benefited the most. Smart wearable has larger economic potential due to the wide range of applications and increasing popularity.
The market study is being classified by Type (Wrist wear, Eye wear and Body wear), by Application (Sports and fitness, Medical, Military and Lifestyle) and major geographies with country level break-up.
Apple (United States), Nike (United States), Addidas (Germany), Sony (Japan), Fitbit (United States), Xiaomi (China), Garmin (United States), Samsung (South Korea), Jawbone (United States) and Misfit (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Polar (Finland), Moto (United States), Huawei (China), BBK(XTC) (China), Lifesense (South Africa) and Razer (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Smart Wearables market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Smart Wearables market by Type, Application and Region.
On the basis of geography, the market of Smart Wearables 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 End users, the sub-segment i.e. Sportsmen will boost the Smart Wearables 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. Wearable health technology will boost the Smart Wearables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Inclination of People towards the Health Consciousness
- Convenience in Usage and Wide Applications of Smart Devices
- Growing Advancements in Wearable Technologies
- Rising Expenditure on Health Care Technologies
- High Costs Associated with the Manufacturing
- Security Concerns can hamper the Market
- High Demand in Developed and Developing Economies
- Increasing Sports Activities Globally
- Stiff Competition due to the Presence of Large Players
Market Leaders and their expansionary development strategies
In 2018, Myntra has acquired Witworks which allows the company to enter the wearable business
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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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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