✷ Report Code: A00395 | Feb 2022 | Pages: 210 | ||
Tables: 65 | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wearable Electronics Market
Request Now !The global wearable electronics market size was valued at $81.40 billion in 2020, and is projected to reach $459.58 billion by 2030, growing at a CAGR of 19.96% from 2021 to 2030. Wearable electronics refers to an integrated computing device or product, which helps the person or the user wearing it to enhance day-to-day activities. The market for wearable electronics was largely dominated by North America, followed by the European Union and Asia-Pacific.
The Wearable Electronics Market registered increasing growth rate and was impacted positively due to COVID-19.
The technological advancement in wearable electronics helps users to avail advanced features and characteristics. The first form of electronic wearable electronic device was a calculator watch. Wearable devices, such as wrist bands, watches which can record audio, video and process data on the go were seen as something very futuristic, however advancements made in the past decade has made it possible for users to realize the potential of these devices in the current age. ‘Wearable technology’ was forayed in as a technological advancement only a decade ago, and the interest in this sector still continues to grow.
The interest is mostly led by wearable fitness trackers, smart watches, and bands. Lately, such is the impact of these wearable devices, that now mobile operators have moved toward offering smart watches along with fitness trackers, or smart phones with smart watches as part of a bundled deal to woo customers.
The global wearable electronics market is segmented on the basis of product, component, application, and geography. The product type segment namely wrist-wear, eye-wear, body-wear, and other-wear are covered under the scope of this report. Moreover, application segment is divided into healthcare, entertainment, commercial, industrial, and others. Based on geography, the global wearable electronics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The significant impacting factors in the wearable electronics market include lower device cost due to the emergence of a large number of manufacturers, rise in awareness among customers for health-related activities, and increase in usage among customers of varied age profiles for patient tracking systems. However, surge in number of customers adopting digital devices and presence of internet mobility is expected to hinder the growth of the wearable electronics market. Conversely, increase in investment on building a connected ecosystem is projected to offer remunerative wearable electronics market opportunities. Each of these factors is anticipated to have a definite impact on the market during the forecast period.
The key players profiled in the report include Adidas AG, Fitbit, Inc., Nike, Inc., Google, Inc., Apple, Inc., Sony Corporation, Samsung Electronics, Garmin Ltd., Sensoria Inc., and LG Electronics. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in the wearable electronics industry.
The outbreak of COVID-19 has significantly affected the electronics and semiconductor sectors. Businesses and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chains, posing challenges for manufactures to reach customers.
The COVID-19 pandemic has impacted the society and overall economy across the globe. The impact of this outbreak has grown day-by-day as well as affects the overall business globally. The crisis has created uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increased panic among customer segments.
Asian and European countries under lockdowns have suffered major loss of business and revenue due to the shutdown of manufacturing units in their regions. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which negatively impacted the growth of the wearable electronics market trends in 2020.
The COVID-19 pandemic has impacted the electronics sector, as the production facility halted, which, in turn, resulted in significant demand for electronics and semiconductor products in industries. Its major impacts include large-scale manufacturing interruption across Europe and interruption in Chinese parts exports, which are expected to hinder the wearable electronics market.
Key Benefits for Stakeholders
Wearable Electronics Market Report Highlights
Aspects | Details |
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By Key Market Players |
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CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: WEARABLE ELECTRONICS MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Wrist Wear
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Eye Wear
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Body Wear
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: WEARABLE ELECTRONICS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Healthcare
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Entertainment
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Industrial
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: WEARABLE ELECTRONICS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size & forecast, by Product Type
6.2.3 North America Market size & forecast, by Application
6.2.4 North America Market size & forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size & forecast, by Product Type
6.2.4.1.2 Market size & forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size & forecast, by Product Type
6.2.4.2.2 Market size & forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size & forecast, by Product Type
6.2.4.3.2 Market size & forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size & forecast, by Product Type
6.3.3 Europe Market size & forecast, by Application
6.3.4 Europe Market size & forecast, by country
6.3.4.1 U.K.
6.3.4.1.1 Market size & forecast, by Product Type
6.3.4.1.2 Market size & forecast, by Application
6.3.4.2 Germany
6.3.4.2.1 Market size & forecast, by Product Type
6.3.4.2.2 Market size & forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size & forecast, by Product Type
6.3.4.3.2 Market size & forecast, by Application
6.3.4.4 Italy
6.3.4.4.1 Market size & forecast, by Product Type
6.3.4.4.2 Market size & forecast, by Application
6.3.4.5 Rest of Europe
6.3.4.5.1 Market size & forecast, by Product Type
6.3.4.5.2 Market size & forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size & forecast, by Product Type
6.4.3 Asia-Pacific Market size & forecast, by Application
6.4.4 Asia-Pacific Market size & forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size & forecast, by Product Type
6.4.4.1.2 Market size & forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size & forecast, by Product Type
6.4.4.2.2 Market size & forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size & forecast, by Product Type
6.4.4.3.2 Market size & forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size & forecast, by Product Type
6.4.4.4.2 Market size & forecast, by Application
6.4.4.5 Taiwan
6.4.4.5.1 Market size & forecast, by Product Type
6.4.4.5.2 Market size & forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size & forecast, by Product Type
6.4.4.6.2 Market size & forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size & forecast, by Product Type
6.5.3 LAMEA Market size & forecast, by Application
6.5.4 LAMEA Market size & forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size & forecast, by Product Type
6.5.4.1.2 Market size & forecast, by Application
6.5.4.2 Middle East
6.5.4.2.1 Market size & forecast, by Product Type
6.5.4.2.2 Market size & forecast, by Application
6.5.4.3 Africa
6.5.4.3.1 Market size & forecast, by Product Type
6.5.4.3.2 Market size & forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Top winning strategies
7.2. Product Mapping of Top 10 Player
7.3. Competitive Dashboard
7.4. Competitive Heatmap
7.5 Key developments
7.5.1. Acquisition
7.5.2. Business Expansion
7.5.3. Agreement
7.5.4. Partnership
7.5.5. Product Launch
CHAPTER 8: COMPANY PROFILES
8.1 Google
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 SONY CORPORATION
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Nike
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Samsung Electronics
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Garmin Ltd.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Adidas AG
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Apple Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Fitbit Inc.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Sensoria Inc.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 LG Electronics Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
TABLE 1. GLOBAL WEARABLE ELECTRONICS MARKET, BY PRODUCT TYPE, 2020-2030,($BILLION)
TABLE 2. WEARABLE ELECTRONICS MARKET REVENUE, FOR WRIST WEAR, BY REGION , 2020-2030,($BILLION)
TABLE 3. WEARABLE ELECTRONICS MARKET WRIST WEAR BY COUNTRY, 2020-2030,($BILLION)
TABLE 4. WEARABLE ELECTRONICS MARKET REVENUE, FOR EYE WEAR, BY REGION , 2020-2030,($BILLION)
TABLE 5. WEARABLE ELECTRONICS MARKET EYE WEAR BY COUNTRY, 2020-2030,($BILLION)
TABLE 6. WEARABLE ELECTRONICS MARKET REVENUE, FOR BODY WEAR, BY REGION , 2020-2030,($BILLION)
TABLE 7. WEARABLE ELECTRONICS MARKET BODY WEAR BY COUNTRY, 2020-2030,($BILLION)
TABLE 8. WEARABLE ELECTRONICS MARKET REVENUE, FOR OTHERS, BY REGION , 2020-2030,($BILLION)
TABLE 9. WEARABLE ELECTRONICS MARKET OTHERS BY COUNTRY, 2020-2030,($BILLION)
TABLE 10. GLOBAL WEARABLE ELECTRONICS MARKET, BY APPLICATION, 2020-2030,($BILLION)
TABLE 11. WEARABLE ELECTRONICS MARKET REVENUE, FOR HEALTHCARE, BY REGION , 2020-2030,($BILLION)
TABLE 12. WEARABLE ELECTRONICS MARKET HEALTHCARE BY COUNTRY, 2020-2030,($BILLION)
TABLE 13. WEARABLE ELECTRONICS MARKET REVENUE, FOR ENTERTAINMENT, BY REGION , 2020-2030,($BILLION)
TABLE 14. WEARABLE ELECTRONICS MARKET ENTERTAINMENT BY COUNTRY, 2020-2030,($BILLION)
TABLE 15. WEARABLE ELECTRONICS MARKET REVENUE, FOR INDUSTRIAL, BY REGION , 2020-2030,($BILLION)
TABLE 16. WEARABLE ELECTRONICS MARKET INDUSTRIAL BY COUNTRY, 2020-2030,($BILLION)
TABLE 17. WEARABLE ELECTRONICS MARKET REVENUE, FOR OTHERS, BY REGION , 2020-2030,($BILLION)
TABLE 18. WEARABLE ELECTRONICS MARKET OTHERS BY COUNTRY, 2020-2030,($BILLION)
TABLE 19. WEARABLE ELECTRONICS MARKET, BY REGION, 2020-2030,($BILLION)
TABLE 20. NORTH AMERICA WEARABLE ELECTRONICS MARKET, BY PRODUCT TYPE, 2020-2030,($BILLION)
TABLE 21. NORTH AMERICA WEARABLE ELECTRONICS MARKET, BY APPLICATION, 2020-2030,($BILLION)
TABLE 22. NORTH AMERICA WEARABLE ELECTRONICS MARKET, BY COUNTRY, 2020-2030,($BILLION)
TABLE 23. U.S. WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 24. U.S. WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 25. CANADA WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 26. CANADA WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 27. MEXICO WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 28. MEXICO WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 29. EUROPE WEARABLE ELECTRONICS MARKET, BY PRODUCT TYPE, 2020-2030,($BILLION)
TABLE 30. EUROPE WEARABLE ELECTRONICS MARKET, BY APPLICATION, 2020-2030,($BILLION)
TABLE 31. EUROPE WEARABLE ELECTRONICS MARKET, BY COUNTRY, 2020-2030,($BILLION)
TABLE 32. U.K. WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 33. U.K. WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 34. GERMANY WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 35. GERMANY WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 36. FRANCE WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 37. FRANCE WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 38. ITALY WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 39. ITALY WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 40. REST OF EUROPE WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 41. REST OF EUROPE WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 42. ASIA-PACIFIC WEARABLE ELECTRONICS MARKET, BY PRODUCT TYPE, 2020-2030,($BILLION)
TABLE 43. ASIA-PACIFIC WEARABLE ELECTRONICS MARKET, BY APPLICATION, 2020-2030,($BILLION)
TABLE 44. ASIA-PACIFIC WEARABLE ELECTRONICS MARKET, BY COUNTRY, 2020-2030,($BILLION)
TABLE 45. CHINA WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 46. CHINA WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 47. JAPAN WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 48. JAPAN WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 49. INDIA WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 50. INDIA WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 51. SOUTH KOREA WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 52. SOUTH KOREA WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 53. TAIWAN WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 54. TAIWAN WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 55. REST OF ASIA-PACIFIC WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 56. REST OF ASIA-PACIFIC WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 57. LAMEA WEARABLE ELECTRONICS MARKET, BY PRODUCT TYPE, 2020-2030,($BILLION)
TABLE 58. LAMEA WEARABLE ELECTRONICS MARKET, BY APPLICATION, 2020-2030,($BILLION)
TABLE 59. LAMEA WEARABLE ELECTRONICS MARKET, BY COUNTRY, 2020-2030,($BILLION)
TABLE 60. LATIN AMERICA WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 61. LATIN AMERICA WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 62. MIDDLE EAST WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 63. MIDDLE EAST WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
TABLE 64. AFRICA WEARABLE ELECTRONICS MARKET BY PRODUCT TYPE 2020-2030,($BILLION)
TABLE 65. AFRICA WEARABLE ELECTRONICS MARKET BY APPLICATION 2020-2030,($BILLION)
According to leading companies, the wearable electronics have gained wide acceptance and their market share is on the rise, due to their advancements with decline in cost. Although the wrist wear segment dominated the global market. Furthermore, the demand for these types of wearable devices has experienced growth due to investments in IoT technology and rise in disposable income in developing & developed countries. In addition, surge in advanced activities in the industry vertical across the globe is expected to fuel the growth of the industrial wearables market.
The prominent factor that drives the wearable electronics market growth include technological advancements, entry of large players, and increase in awareness of the benefits offered by wearable devices. Furthermore, the market possesses high growth potential due to increased trend of Internet of Things (IoT). However, data privacy risk is a major restraint to the global wearable electronics industry. Rise in trend of building IoT ecosystem is expected to create opportunities for the wearable electronics industry.
The report focuses on the growth prospects, restraints, and trends of the wearable electronics market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers in the wearable electronics market.
The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Acquisition, agreement, collaboration, product expansion, and product launch are expected to be the prominent strategies adopted by the market players. North America accounted for a major share of the market in 2020, owing to the presence of major players in the region; however, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of wearable electronics market in a variety of fields.
A. The wearable electronics market is estimated to grow at a CAGR of 19.96% from 2021 to 2030.
A. The wearable electronics market is projected to reach $459.58 billion by 2030.
A. To get the latest version of sample report
A. Wrist bands, watches which can record audio, video and process data on the go were seen as something very futuristic.
A. The key players profiled in the report include Adidas AG, Fitbit, Inc., Nike, Inc., Google, Inc., Apple, Inc., Sony Corporation, and many more.
A. On the basis of top growing big corporations, we select top 10 players.
A. The wearable electronics market is segmented on the basis of product, component, application, and region.
A. The key growth strategies of wearable electronics market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. Eye Wear segment would grow at a highest CAGR of 23.13% during the forecast period.
A. North America region will dominate the market by the end of 2030.
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