Wearables Market
In a June 2016 update IDC confirmed that watches and wristbands would remain key drivers in the wearables market and stated it expected wearables shipments to reach 2136 million units globally in 2020. Global market for wearable electronics 2015-2031 by product type billions.
The global Smart Wearables market forecast is studied from 2021 to 2026.
Wearables market. Examples of wearable medical device products. Table 26Market challenges in wearable electronics. Whos buying wearables and why.
FRAMINGHAM Mass December 2 2020 The global wearables market grew 351 year over year during the third quarter of 2020 3Q20 with total shipments reaching 125 million units according to new data from the International Data Corporation IDC Worldwide Quarterly Wearable Device Tracker. Clinical-grade wearable market report provides crucial industry insights that will help your business grow. The global industrial wearables market size is expected to reach 840 billion by 2027 from 379 billion in 2019 growing at a CAGR of 124 from 2020 to 2027.
Wearables have appealed mostly to younger people. Global Enterprise Wearables Market was valued at 3232 million in 2016 and is projected to reach at 32418 million by 2023 growing at a CAGR of 388 from 2017 to 2023. An additional 38 million US children and teens will have a wearable device.
Worldwide Wearables Market Forecast to Maintain Double-Digit Growth in 2020 and Through 2024 According to IDC FRAMINGHAM Mass September 25 2020 Global shipments of wearable devices are expected to total 3960 million units in 2020 according to new data from the International Data Corporation IDC Worldwide Quarterly Wearable Device Tracker. IDTechEx predicts wearables market size will reach about 150bn in 2026. Revenues are forecasted to grow rapidly by 23 from 2018 until 2023 and to compose over 110bn by 2023.
FBIC Retail and Technology in The Wearables Report 2016 associates this 5-year trend from 2018 until 2023 with two main factors. Based on product segmentation it covers wrist wear foot wear eye wear body wear neck wear. By 2020 the latter category would double its share but the main wearables market focus would remain on smart watches.
Market drivers for printed flexible and stretchable medical and healthcare sensors and wearables. The Global Wearable Devices Market is segmented on the lines of its product application and regional. Enterprise wearables device is the technology that enables industries to provide advanced high-end user experience to their employees while performing the tasks.
Wearables in healthcare include medical devices that customers can wear such as activity trackers smartwatches etc. The global medical wearable market is projected to reach 195 billion by 2025. Major manufacturers wearables market Japan 2019 by shipment volume Wearables market share Japan 2018-2022 by type Wearables sales revenue by category worldwide 2014-2017.
What is the size of the wearables market. The global industrial wearables market is segmented into device type component industry vertical and region. For instance according to the recent report by a government think tank in China stated that approximately 80 of the smart wearable devices in the world are manufactured in the southeastern Chinese port city and manufacturing hub.
In China the wearables market has taken on a different shape fuelled partly by the purchases of growing affluent consumers. They are specially designed to monitor. Roughly a quarter of US adults 567 million will use a wearable device at least once a month in 2019.
Just over half of those will use a smartwatch. The report presents a market definition along with the list of leading players and analyses their strategies to determine the competitive outlook of the market. The global wearable medical devices market size was USD 2976 billion in 2019 and is projected to reach USD 19557 billion by 2027 exhibiting a CAGR of 264 during the forecast period.
The global wearable devices market is consolidated and dominated by a few major players namely Apple Inc. US Google LLC US Microsoft Corporation US Sony Corporation Japan. According to this latest publication from Meticulous Research the global wearable devices market is expected to grow at a CAGR of 113 from 2019 to reach 6282 billion by 2025.
Despite the macroeconomic impacts of the COVID-19 contagion this year the global wearables market is still expected to grow by approximately 15 in 2020 according to recent estimates from market. The research study includes a thorough analysis of the current research and clinical developments in the market globally. Skip to content Twitter.
Allied Market Research published a new report titled Industrial Wearables Market By Device Type Smart Watches Glasses Headsets and Smart Bands Component Sensors Displays Connectivity.
