The latest report by IMARC Group, titled “Wearable Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the Wearable Electronics Market Forecast. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global wearable electronics market reached a value of US$ 40.4 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 14% during 2021-2026. Wearable electronics refer to smart devices incorporating computers and advanced electronic technologies. It enhances the user’s experience as well as their day-to-day activities. It is widely used across various industries, such as healthcare, entertainment, fitness and sports, textile, and others.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Wearable Electronics Market Trends:
The global market is primarily driven by rapid technological advancements in wearable electronics. Furthermore, the increasing consumer inclination towards sophisticated gadgets is positively influencing the market growth. Apart from this, the growing popularity of the internet of things (IoT) and connected devices is significantly contributing to the market growth. Moreover, the widespread adoption of advanced wearable electronics in medical applications is providing a boost to market growth. In line with this, the growing product demand for efficient monitoring of health and activity of users is creating a positive outlook for the market across the globe. Additionally, these products enable efficient operations in warehouses and logistic chains, thereby providing an impetus to market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Sierra Wireless SA
- BAE Systems
- Carre Technologies
- LG Electronics
Market Breakup by Product:
- Smart Bands
- Smart Watches
- Smart Clothing
- Smart Glasses
- Head Mounted Displays (HMD)
Market Breakup by Component:
- Networking and Positioning Components
- Power Supply Components
- Sensing Components
- Optoelectronic and Display Components
- Control Components
- Interface Components
Market Breakup by Application:
- Healthcare Applications
- Consumer Applications
- Sports and Fitness Applications
- Industrial and Commercial Applications
Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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