Wrist Wearable Devices Industry Analysis and Market Trends
Posted October 20, 2015 by ElectronicsIARC
Wrist Wearable Device Market Projected To Grow At 19% CAGR to Reach $36 Billion In 2020 Due To Growing Demand and Entry Of Leading Consumer Electronics Companies
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Wrist Wearable Devices Industry involves the production of electronic devices such as smart watches, smart bands, fitness trackers and body/activity monitoring devices. The components used to manufacture these devices are similar to the ones used to manufacture smartphones and tablets.
Market Trends:
• IndustryARC studies have concluded that the Wrist Wearable Devices Industry will be making strong impacts on the Healthcare Industry across the board during the forecast period.
• Geographically, the United States and North America combined are leading the way in the market while China is noted to be right behind.
• Wearable Electronic Fitness Devices Market Segment seems to be Poised for Strong Growth, according to the noted market trends.
• It has been accounted that the Leading Segments for this market are Smart Wristwatch and Smart Wrist Bands.
• 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.
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REPORT SCOPE:
This report contains the in-depth analysis of Wrist Wearable Devices industry by their applications, highlighting which areas are growing rapidly and which areas are going to slow down. Other valuable details such as the global spread of this market (in terms of the global geographical analysis), market drivers, risks, investment opportunities and new technologies have also been discussed. The leading manufacturers in this market have also been profiled in this report.
Market Segmentation:
The Wrist Wearable Devices Industry is broadly segmented into 4 categories based on the following factors:
• 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.
Key Players:
The sufficient technological advancements in current day for Wrist Wearable Devices Market has led to increasing competition with other advanced smart electronic gadgets like smartphones, tablets etc. Many big players in the Consumer Electronics market such as Apple, Google, and Microsoft etc. are looking to expand their top position to this market. This will be a challenge to the existing big players in this market such as Samsung, Sony, HTC and others. Few top market players studied and mentioned in the report are:
• Fitbit Inc.
• Connectedevice Ltd.
• Jawbone Up
• Xiaomi Inc.
• Qualcomm Inc.
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About IndustryARC:
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.
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| Contact Email | [email protected] |
| Issued By | IndustryARC |
| Website | IndustryARC |
| Country | United States |
| Categories | Electronics , Research , Semiconductors |
| 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 | October 20, 2015 |