Wednesday, 14 February 2018

Wearable Electronics Market Overview – Key Futuristic Trends and Opportunities 2022



Technavio recognizes the following companies as the key players in the global wearable electronics market: Apple, Samsung, Fitbit, Xiaomi, and ODG.
Other Prominent Vendors in the market are: ASUSTek Computer, Garmin, Huawei Technologies, LG Electronics, Motorola Mobility, Omate, Polar Electro, Pebble Technology, Sony, Lenovo, LG, Razer, BAE Systems, Cinoptics, Elbit Systems, EPSON, HTC, Kopin, Rockwell Collins, Sensics, Thales Group, Trivisio Prototyping, Vuzix, AiQ Smart Clothing, Sensoria, Athos, DAQRI, Google, Laster Technologies, Meta, Microsoft, Jakcom Technology, Kerv Wearables, Logbar, Mota, NFC Ring, Nimb, Oura, and Ringly.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing crowd funding campaigns. There are several vendors in the wearable electronics market. Few of the prominent vendors are startups. These companies were backed by several venture capitalists. There is high support in terms of investments through crowd funding platforms such as Indiegogo, GoFundMe, and Kickstarter. Multiple vendors in the wearable electronics market have adopted crowd funding to raise funds for their projects. This also helped increase awareness among potential customers and provided many opportunities to small vendors to innovate and succeed in stiff competition. It allows vendors to know customer interest in their products and directly communicate with potential buyers to involve them in product development stage, which helps them develop right products for the market.
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According to the report, one of the major drivers for this market is growing awareness of wearable devices. The wearable electronics market in APAC is expanding due to the proliferation of low-cost smart bands in this region and a decline in their ASP. Increasing disposable income and internet penetration are encouraging wearable device vendors to tap the growth potential of the market in the region. Vendors are focusing on developing countries to expand their revenue and market base. The ASP of these devices is expected to decline during the forecast period, making them attractive for price-sensitive consumers. Multiple vendors have adopted online and offline channels to enter APAC.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Wearable Electronics
Wearable electronics are smart electronic devices that can be connected to the internet and be worn on the body as accessories. These devices are a key segment of loT devices, and they can exchange data through internet with the user and other connected devices. loT overall is a network of physical objects interconnected through various network technologies. The objects part of this network can communicate among themselves and with external environment when required. Wearable electronics include smart watches, smart bands, smart rings, smart glasses, head-mounted displays (HMDs), and smart clothing. Wearable devices offer benefits like optimized decision-making, ease of handling emergencies, cost cutting, enhanced quality of living, remote control access, healthy lifestyle, time management, commercial benefit, and better safety. Technavio believes that this market will witness significant growth during the forecast period.
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Technavio’s analysts forecast the global wearable electronics market to grow at a CAGR of 23.30% during the period 2018-2022.
Covered in this report:
The report covers the present scenario and the growth prospects of the global wearable electronics market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of wearable electronics.
Some points from TOC:-
Exhibit 01: Parent market
Exhibit 02: Global IoT devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2017
Exhibit 07: Validation techniques employed for market sizing 2017
Exhibit 08: Global – Market size and forecast 2017-2022 ($ bn)
Exhibit 09: Global – Year-over-year growth 2018-2022 (%)
Exhibit 10: Global wearable electronics market size 2017-2022
Exhibit 11: Five forces analysis 2017
Exhibit 12: Five forces analysis 2022
Exhibit 13: Bargaining power of buyers
Exhibit 14: Bargaining power of suppliers
Exhibit 15: Threat of new entrants
Exhibit 16: Threat of substitutes
Exhibit 17: Threat of rivalry
Exhibit 18: Market condition - Five forces 2017
Exhibit 19: Product – Market share 2017-2022 (%)
Exhibit 20: Comparison by product
Exhibit 21: Smart watches – Market size and forecast 2017-2022 ($ mn)
Exhibit 22: Smartwatches – Year-over-year growth 2018-2022 (%)
Exhibit 23: Smart watches: Market size 2017-2022
Exhibit 24: Smart bands – Market size and forecast 2017-2022 ($ mn)
Exhibit 25: Smart band – Year-over-year growth 2018-2022 (%)
Exhibit 26: Smart bands: Market size 2017-2022
Exhibit 27: HMDs – Market size and forecast 2017-2022 ($ mn)
Exhibit 28: HMDs – Year-over-year growth 2018-2022 (%)
Exhibit 29: Major applications of HMDs in military and defense sector
Exhibit 30: HMDs: Market size 2017-2022
Exhibit 31: Smart clothing – Market size and forecast 2017-2022 ($ mn)
Exhibit 32: Smart clothing – Year-over-year growth 2018-2022 (%)
…..
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