Wearable Technology Components Market 2019 Global Analysis, Growth Factors, Emerging Trends, Competitive Landscape, Opportunity Assessment and Regional Forecast 2023
Market Research Future published a research report on “Wearable Technology Components Market Research Report-Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – May 22, 2019 /MarketersMedia/ —
Market Synopsis:
As per Market Research Future (MRFR)’s latest report, the global wearable technology component market is expected to expand at a CAGR of 16.02% during the forecast period 2018 to 2023. The report underscores that the valuation of the global market is poised to grow from USD 20.89 Bn in 2017 to USD 51.50 Bn by the end of 2023. The growth in demand witnessed for wearable devices is presumed to dictate the trajectory of the global market in the years to come.
Wearable devices have penetrated healthcare sector and are being used extensively for patient monitoring. The Wearable Technology Component Market is highly lucrative and is expected to gain momentum owing to the development of its application across different verticals in the upcoming years.
The increasing disposable income coupled with rising affordability of wearable technology is likely to boost sales of these devices over the next couple of years. This, in turn, has been projected to boost the growth trajectory of the market in the foreseeable future. However, concerns regarding privacy and security are likely to restrict the proliferation of the wearable technology component market across the review period.
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Key Players:
The prominent players in the wearable technology component market are Adidas AG (Germany), Xiaomi Inc. (China), Apple Inc. (US), Google Inc. (US), Garmin Ltd. (US), Fitbit (US), Jawbone (US), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Qualcomm Technologies, Inc. (US), and Nike, Inc. (US). Whereas, Lifesense Group (Netherlands), Misfit, Inc. (US) are among the other players.
Wearable Technology Components Global Market – Segmentation
The Wearable Technology Components market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
• Segmentation By Wearable electronics component: Control Components, memory (volatile memory & non-volatile memory), battery, sensing components (sensors, actuators & transducers), connectivity, display & optoelectronic components and other components.
• Segmentation By Wearable product electronic components: Smart watches key electronic components, wrist wear key electronic components, smart glasses key electronic components, HMD/HUD key electronic components and smart Textiles key electronic components.
• Segmentation By Regions: Geographical Regions – North America, Europe, Asia Pacific and Rest Of The World.
Wearable Technology Components Global Market – Regional Analysis
North America is dominating the global Wearable Technology Components market with the largest market share owing to presence of major players such as E Ink Corporation, Imprint Energy Inc., HZO Inc., and Invensense Inc., in the region. Global Wearable Technology Components market in European market is expected to grow at a substantial high CAGR during 2017 to 2023. The Asia Pacific market for Wearable Technology Components market is expected to grow at a considerable CAGR (2017-2023) due to growing semiconductor industries.
Industry News:
May, 2018 – Kopin Corporation, a global pioneer in wearable technologies for training and simulation, industrial and enterprise markets, unveiled its Golden-I Infinity smart screen, the first voice- and gesture-controlled wearable device that supports Android and Windows 10-based computing solutions.
June 2018 – Sonion, a leading provider of micro acoustic and micro mechanical technologies & solutions for hearing instruments and specialty earphones, entered into partnership with Valencell, a leading innovator in wearable biometric sensor technology, to expand the boundaries for the use of biometric sensors in the ear. Valencell provides the industry’s most advanced biometric sensor modules for hearables and wearables, which Sonion is willing to optimize for size, power consumption and cost for in-ear and on-ear applications.
May 2018: Honeywell released a handsfree, wearable Connected Plant technology that allows industrial workers to accomplish their tasks in the plant or the field more safely, reliably and efficiently. Intelligent Wearables feature includes a head-mounted visual display that responds to voice and brings live data, documents, work procedures.
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Target Audience
• Technology investors
• Consumer wearable manufacturers
• Healthcare-related product manufacturers
• Integrated device manufacturers (IDMs)
• Wearable electronics technology platform developers
• Original manufacturers (OEMs)
• Smart grid integrators
• SMT providers
• Research/Consultancy firms
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 515673
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