Wearable technology market

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Global Wearable Technology Market 2017 2025

• Published by Accurize Market Research Pvt. Ltd.

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Global Wearable Technology Market is estimated to
Reach 58.3 Billion by 2024

• Global wearable technology market report
  published by Accurize Market Research forecast
  that the global market is expected to reach 58.3
  billion by 2024 growing at a CAGR of 15.8 from
  2017 to 2025. By geography, the Asia Pacific and
  North America are expected to grow at a CAGR of
  XX and XX, respectively, during the forecast
  period.
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Global Wearable Technology Market

• The growing popularity of connected devices and
  IoT, the launch of advanced devices by major
  companies, and increasing disposable income
  across the globe to drive the growth of the
  market
• The growing popularity of connected devices and
  IoT, the launch of advanced devices by major
  companies, and increasing disposable income fuels
  the demand for the global wearable technology
  market.
• Moreover, increasing health attentiveness and the
  need for sophisticated devices also boosts the
  growth of the market.

4
Market Segmentation

• The global wearable technology market has been
  bifurcated on the basis of application and
  geography.
• Application segment comprises of healthcare and
  medical (monitors, wearable patches, drug
  delivery, continuous glucose monitor, and
  others), infotainment (smart glasses, smart
  watches, augmented reality headsets, and others),
  industrial and military (hand-worn terminals,
  augmented reality headsets, and others), and
  fitness and wellness (activity monitors, smart
  clothing and smart sports glasses, sleep sensors,
  and others).
• By geography, the market is segmented into North
  America, Europe, Asia-Pacific and Rest of the
  World (RoW).
• The U.S., Canada, and Mexico are covered under
  North America wherein Europe covers the UK,
  Germany, France, Italy, and others.

5
Market Segmentation

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• North America dominated the global market with
  the highest market share over the forecast
  period", says Accurize
• In 2017, North America dominated the global
  market with the highest market share of 42 and
  is expected to continue its dominance with the
  fastest growth rate during the forecast period
  2017-2025, driven by increasing improvements and
  technologies, and increasing demand and awareness
  towards fitness. Europe accounted for the
  second-largest share in the market with 29.2 in
  2017.

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Top players in the market

• Major companies operating in the market include
• Qualcomm Technologies, Inc
• Xiaomi Technology Co. Ltd
• Huawei Technologies Co., Ltd
• Adidas AG
• Fitbit, Inc
• Alphabet, Inc
• Garmin Ltd
• Apple Inc
• Sony Corporation
• LifeSense Group B.V
•  

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