The wearable computing market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
What’s The Global Wearable Computing Market Size?
The wearable computing market size is expected to see exponential growth in the next few years. It will grow to $167.07 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to integration with internet of things (IoT) ecosystem, rise of remote healthcare monitoring, expansion into fashion and lifestyle segments, demand for personalized and adaptive computing experiences, and growth of wearable payments and contactless technology. Major trends in the forecast period include convergence of fashion and technology in design, emphasis on data privacy and security measures, development of multifunctional and modular wearables, integration of artificial intelligence (AI) for predictive analytics, and emergence of wearable tech for mental health and well-being applications.
Top Companies In The Wearable Computing Market
Major companies operating in the wearable computing market are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co., Sony Corp., LG Electronics Inc., NIKE, Inc., Xiaomi Inc., Medtronic Inc., Adidas AG, Siemens Healthcare, Philips Healthcare, GE Healthcare, Valve Corporation, Boston Scientific Corporation, Motorola Mobility Holdings, Inc., Garmin Ltd., Contour, Ascension Technology Corporation, Casio Computer Company Ltd., Fossil Group, Fitbit, Inc., GoPro, Pebble Technology Corporation, Zephyr Technology Corporation
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Wearable Computing Market Drivers And Trends with Instances
Growing fitness and health consciousness is expected to fuel the wearable computing market. The number of US fitness facility members increased to 68.9 million in 2022, reflecting a surge in health awareness. Wearable devices equipped with heart rate sensors are becoming crucial for tracking fitness progress and health metrics. Qualcomm Technologies and Google’s RISC-V Snapdragon Wear platform exemplify advancements in wearable technology, offering cost-effective and efficient solutions for fitness and health monitoring.
Wearable Computing Market Segmentation
The wearable computing market covered in this report is segmented –
1) By Product Type: Smart Watches, Smart Jewelry, Fitness Trackers, Head Mounted Display, Body Worn Cameras, Other Product Types
2) By Connectivity: Bluetooth, Wi-Fi, 4G/5G, Other Connectivity
3) By End Use: Fitness and Wellness, Healthcare, Entertainment, Defense, Gaming, Other End Users
Table of Contents
1.Introduction
• Overview of the Wearable Computing Market
• Comprehensive Analysis of Wearable Computing Market
2.Wearable Computing Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3.Wearable Computing Market Segmentation
• By Product Type
• By Connectivity
• By End Use
4.Competitive Landscape And Company Profiles In The Wearable Computing Market
• Overview
• Products and Services
• Strategy
5.Wearable Computing Market Regional And Country Analysis
• By Region
• By Country
6.Market Trends And Opportunities In Wearable Computing Market
• Technological Advancements
• Emerging Trends
7.Wearable Computing Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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Wearable computing is the exploration, creation, and utilization of compact computational and sensory devices worn on, under, or within clothing or even integrated into apparel. These wearable computers are crafted to provide ease of access and enhance workplaces by swiftly delivering information to the wearer.
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