Wrist Wearable Devices Market Trends, Growth Drivers and Industry Analysis


Posted December 10, 2015 by ElectronicsIARC

Rising Health Awareness across the Globe to Drive the Wrist Wearable Devices Market
 
Wrist Wearable Devices Market Analysis by Components (Power Supply, Sensing, Memory, Display); Products (Smart watches, Smart bands, Monitoring Devices, Fitness); Applications (Lifestyle, Medical, Sports, Infotainment)

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One in ten U.S. adults now owns a fitness tracker, according to the latest survey by IndustryARC on the [b]Wrist Wearable Devices Market[/b]. This report by IndustryARC provides a detailed view on the present and future scenarios of a potentially multi-billion dollar industry which is quite surely to be a huge game changer in the global market with [b]consumer market[/b] being one of the most profitable segment.

[b]Wrist Wearable Devices Market[/b] involves the production of [b]electronic devices[/b] such as [b]smart watches, smart bands, fitness trackers and body/activity monitoring devices[/b]. The components used to manufacture these devices are similar to the ones used to manufacture smartphones and tablets.

[b]The Market Shall Break New Grounds For Obvious Reasons:[/b]

• Starting in 2015 the [b]wrist wearable technology[/b] is projected to gain high traction in the next 5 years in terms of CAGR rate, main driving factor being: consumers switch from tablet and mobile devices to smaller [b]wearable technologies[/b] that can provide the same apps.
• Top players in this market such as Samsung, Sony, HTC, Intel and others are constantly succeeding in their efforts and there is no looking back.
• Replacing passwords with this technology is a great replacement for conventional apps and gadgets.
• Treadmill readings made much easier and handy.
• Apart from electronic growth, the market has outreached the telemedicine applications as well.
• Usage of GPS has created a never ending buzz in the
• Wrist Wearable Devices have also started to gain location accuracy merging with other smart technologies.

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[b]Market Trends & Market Growth[/b]:

Experts conclude that the [b]Wrist Wearable Devices Market[/b] will be making strong impacts on the [b]Healthcare Industry[/b] across the board during the forecast period, 2015-2020. Geographically, the United States and North America combined are leading the way in the market while China is noted to be right behind. It has also been accounted that the Leading Segments for this market are [b]Smart Wristwatch[/b] and [b]Smart Wrist Bands[/b]. Currently, the market is highly focusing on battery stability, precision and durability of the devices manufactured in order to increase sales and revenue as well as serve the needs of the customers.

[b]REPORT SCOPE: Market Segmentation[/b]:

[b]Wrist Wearable Devices Market[/b] is classified depending on the following factors into 4 types:
• By Electronic Components: Display, Memory, Sensors, Processors and Others.
• By Products: Activity Trackers, Healthcare Monitors, Lifestyle Bands and Others.
• By Application: Healthcare, Information Control, Entertainment and Others.
• By Geography: Americas, Europe, APAC and ROW.

[b]Market Key Players[/b]:

Mentioning the leading competitors of the [b]Wrist Wearable Devices Market[/b] which are studied and mentioned in this report:
• Nike Inc.
• Adidas Ag
• LG Electronics Inc.
• Google Inc.
• Apple Inc.
• Timex Group
• Motorola Solutions Inc.

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[b]About IndustryARC[/b]:
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Categories Electronics , Fitness , Technology
Tags wrist wearable devices companies , wrist wearable devices industry , wrist wearable devices market , wrist wearable devices market analysis , wrist wearable devices market forecast , wrist wearable devices market report , wrist wearable devices market share , wrist wearable devices market size
Last Updated December 10, 2015