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Wearable Technology Market by Device (Smart watch, fitness & wellness devices, Smart glasses, Smart clothing), by Product type (Wrist wear, eyewear, hearables, neckwear, bodywear) and Geography - Global Opportunity Analysis and Industry Forecast, 2014-2022

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Pages: 180
Apr 2017 | 15763 Views
 
Author's : Kritika Mamtani
Tables: 46
Charts: 78
 

Wearable Technology Market Overview:

Wearable Technology Market size in 2015 was valued at $19,633 million growing at CAGR of 16.2% to reach $57,653 million by 2022. Wearable technology market has witness increased adoption owing to factors such as ease of use, flexibility and convenience. Moreover, it provides real time data monitoring, operational efficiency and fitness tracking which further supports the market growth.

The application for wearables is influenced by increased implementation across various verticals. Moreover, the technological advancements in software & hardware components, and their increased adoption in fitness, healthcare, and defense supports the growth of the wearable technology market. However, limited battery life and security concerns restrict the adoption of wearables in the wearable technology industry.

Wearables are used in various industries such as defense, consumer applications, lifestyle, fitness and sports, enterprise and industrial amongst others, Increase in the awareness about the benefits of wearables and technological advancement is expected to drive the market.

The report segments the global wearable technology market on the basis of devices, product type, application and geography. Based on devices, the global wearable technology market is categorized into smart watches, fitness and wellness devices, smart glasses, smart clothing and others. The smartwatches devices segment is expected to witness the fastest growth, registering a CAGR of 19.9%. Among the product type segment, the fitness & sports segment dominated the wearable technology market with over 39% share in 2015, and is projected to maintain this trend throughout the forecast period. However, Entertainment sector is anticipated to grow at a highest CAGR of 35.7% during the forecast period.

Key players profiled in the report are Apple Inc., Fitbit, Inc., Garmin Ltd., Adidas AG., Nike Inc., Samsung Electronics Co., Ltd., Sony Corporation, Huawei Technologies Co., Ltd., LG Electronics Inc., and Motorola Solutions Inc.

Segment Overview

The geographical analysis of the global wearable technology market covers North America, Europe, Asia-Pacific, and LAMEA. Various countries covered under each region are studied and analyzed to identify the major trends demonstrated by these respective regions. North America dominated the market in 2015, followed by Europe. North America extensively uses wearable technology in various application areas. However, this technology is in their emerging state in developing countries.

Wearable Technology Market Share, By Region, 2015(%)

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Global Wearable Technology Market Share, By Region, 2015(%)

Top Impacting Factors

Increased Health Care Awareness

Growing concerns of obesity and other chronic diseases have led to adoption of wearable devices such as activity trackers and body monitors which provide real-time information about the overall health of the body. These wearable devices can provide information such as heartbeat monitoring, cholesterol levels, calorie intake, quality, and quantity of sleep, oxygen levels, blood pressure, as well as other information required by the body for day-to-day activities.

High Cost of Manufacturing

The initial cost of manufacturing the wearable devices is very high leading to high prices for the ultimate consumers. The producers of the wearable devices have to spend a lot of money on research, marketing & promotion, shipping, licensing, software, and development of wearables due to which the cost incurred is substantially high.

Technological Advancements

The deployment of miniature sensors into fabrics, smartwatches compatibility to interact with social media, instore merchandising, and ease of payment with wearables are some of the classic examples of advancement in wearable technology. The adoption of smartwatches has revolutionized watches to possess the characteristic of being multifunctional. Soon, users are expected to prefer smart watches to their analog counterparts, due to technological advancements. Wearable devices companies invest heavily in R&D to devise optimum solutions to gain a higher market share. Growth in technological features and advancements is expected to drive the wearable technology market during the forecast period.

Wearable Technology Market Top Impacting Factors

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The factors affecting the wearable technology market include entry of large players, portable and convenient usage, and increased healthcare awareness, high cost of manufacturing, and technological advancements. These major factors have boosted the adoption of wearable devices across various industries such as healthcare, defense, entertainment, industries and enterprises, and others. Wearable devices such as smartwatches, activity trackers, and smart clothing are preferred among consumers, owing to their various benefits including portable usage and latest technological advancements.

Wearable devices enable a user to check health related content on their smart wearables. Obesity has become a major issue in many regions and therefore people are preferring wearable technology for checking the health and fitness related data.

Obesity Problems in Different Countries, 2014

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Key Benefits

  • The report provides an in-depth analysis of wearable technology industry to identify the potential investment pockets.
  • The key drivers, restraints, and opportunities along with their detailed impact analyses have been elucidated.
  • Porter’s five forces model helps in analyzing the potential buyers & suppliers and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.
  • Wearable technology market analysis includes market size estimates from 2014 through 2022 including market size by device, product type, application and geography value in $ million.

Wearable Technology Market Key Segments

By Devices:

  • Smart watches
  • Smart glasses
  • Fitness & wellness devices
  • Smart clothing
  • Others (Earphones, body monitors, and wearable cameras)

By Product Type:

  • Wrist wear
  • Eye wear
  • Hearables
  • Body wear
  • Neck wear

By Application:

  • Lifestyle
  • Healthcare
  • Consumer applications
  • Defense
  • Fitness & sports
  • Enterprise & industrial

By Geography:

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Apple Inc.
  • Fitbit, Inc.
  • Garmin Ltd.
  • Adidas AG.
  • Nike Inc.
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Huawei Technologies Co., Ltd.
  • LG Electronics Inc.
  • Motorola Solutions Inc.

Other Companies

  • Fossil Group, Inc.
  • Google Inc.
  • Jawbone
  • Misfit
  • Pebble Technology Corp.
  • Polar Electro, Inc.
  • Withings SA
  • Michael Kors
  • Casio Electronics Co. Ltd.
  • TAG Heuer
  • Tom Tom
  • ASUSTeK Computer Inc.
  • Xiaomi Inc.
  • Moov Inc.
  • Whoop
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS TO STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
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. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pocket

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Moderate threat of substitution
3.3.4. High threat of new entrants
3.3.5. High competitive rivalry

3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Portable and convenient usage
3.5.1.2. Entry of large players
3.5.1.3. Increased health awareness
3.5.1.4. Spending power

3.5.2. Restraints

3.5.2.1. Threat of security
3.5.2.2. High cost of manufacturing

3.5.3. Opportunities

3.5.3.1. High market potential for cross selling
3.5.3.2. Technological advancements
3.5.3.3. Declining wearable prices

Chapter: 4 WEARABLE TECHNOLOGY MARKET, BY DEVICE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. SMART WATCHES

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. SMART GLASSES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. FITNESS & WELLNESS DEVICES

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. SMART CLOTHING

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

4.6. OTHERS

4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast

Chapter: 5 WEARABLE TECHNOLOGY MARKET, BY PRODUCT TYPE

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. WRIST WEAR

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. EYEWEAR

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. HEARABLES

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. BODY WEAR

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.6. NECK WEAR

5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast

5.7. OTHERS

5.7.1. Key market trends
5.7.2. Key growth factors and opportunities
5.7.3. Market size and forecast

Chapter: 6 WEARABLE TECHNOLOGY MARKET, BY APPLICATION

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. LIFESTYLE

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. HEALTHCARE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. DEFENSE

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.5. FITNESS & SPORTS

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.6. ENTERTAINMENT

6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast

6.7. ENTERPRISE AND INDUSTRIAL

6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast

Chapter: 7 WEARABLE TECHNOLOGY MARKET, BY REGION

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast

7.2.3.1. U.S.
7.2.3.2. Canada
7.2.3.3. Mexico

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast

7.3.3.1. United Kingdom
7.3.3.2. France
7.3.3.3. Germany
7.3.3.4. Rest of Europe

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast

7.4.3.1. China
7.4.3.2. Japan
7.4.3.3. India
7.4.3.4. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast

7.5.3.1. Latin America
7.5.3.2. Middle East
7.5.3.3. Africa

Chapter: 8 COMPANY PROFILES

8.1. APPLE INC.

8.1.1. Company overview
8.1.2. Business performance
8.1.3. Operating business segments
8.1.4. Key strategic moves and developments

8.2. FITBIT INC.

8.2.1. Company overview
8.2.2. Business performance
8.2.3. Key strategic moves and developments

8.3. SONY CORPORATION

8.3.1. Company overview
8.3.2. Business performance
8.3.3. Operating business segments
8.3.4. Key strategic moves and developments

8.4. SAMSUNG ELECTRONICS CO., LTD.

8.4.1. Company overview
8.4.2. Business performance
8.4.3. Operating business segments
8.4.4. Key strategic moves and developments

8.5. GARMIN LTD.

8.5.1. Company overview
8.5.2. Business performance
8.5.3. Operating business segments
8.5.4. Key strategic moves and developments

8.6. HUAWEI TECHNOLOGIES CO., LTD

8.6.1. Company overview
8.6.2. Business performance
8.6.3. Operating business segments
8.6.4. Key strategic moves and developments

8.7. LG ELECTRONICS

8.7.1. Company overview
8.7.2. Business performance
8.7.3. Operating business segments
8.7.4. Key strategic moves and developments

8.8. MOTOROLA SOLUTIONS, INC.

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Key strategies & developments

8.9. NIKE INC.

8.9.1. Company overview
8.9.2. Business performance
8.9.3. Operating business segments
8.9.4. Key strategic moves and developments

8.10. ADIDAS AG

8.10.1. Company overview
8.10.2. Business performance
8.10.3. Operating business segments
8.10.4. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL WEARABLE TECHNOLOGY MARKET, BY DEVICE, 2014-2022 ($MILLION)
TABLE 2. SMART WATCHES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 3. SMART GLASSES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 4. FITNESS & WELLNESS DEVICES MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 5. SMART CLOTHINGS MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 6. OTHER WEARABLE TECHNOLOGY MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 7. WEARABLE TECHNOLOGY MARKET, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 8. WEARABLE TECHNOLOGY MARKET REVENUE FROM WRIST WEAR, BY REGION, 2014-2022 ($MILLION)
TABLE 9. WEARABLE TECHNOLOGY MARKET REVENUE FROM EYEWEAR, BY REGION, 2014-2022 ($MILLION)
TABLE 10. WEARABLE TECHNOLOGY MARKET REVENUE FROM HEARABLES, BY REGION, 2014-2022 ($MILLION)
TABLE 11. WEARABLE TECHNOLOGY MARKET REVENUE FROM BODY WEAR, BY REGION, 2014-2022 ($MILLION)
TABLE 12. WEARABLE TECHNOLOGY MARKET REVENUE FROM NECKWEAR, BY REGION, 2014-2022 ($MILLION)
TABLE 13. WEARABLE TECHNOLOGY MARKET REVENUE FROM OTHERS, BY REGION, 2014-2022 ($MILLION)
TABLE 14. GLOBAL WEARABLE TECHNOLOGY MARKET BY APPLICATION, 2014-2022 ($MILLION)
TABLE 15. WEARABLE TECHNOLOGY MARKET REVENUE FROM LIFESTYLE SEGMENT, BY REGION, 2014-2022 ($MILLION)
TABLE 16. WEARABLE TECHNOLOGY MARKET REVENUE FROM HEALTHCARE SEGMENT, BY REGION, 2014-2022 ($MILLION)
TABLE 17. WEARABLE TECHNOLOGY MARKET REVENUE FROM DEFENSE SEGMENT, BY REGION, 2014-2022 ($MILLION)
TABLE 18. WEARABLE TECHNOLOGY MARKET REVENUE FROM FITNESS & SPORTS SEGMENT, BY REGION, 2014-2022 ($MILLION)
TABLE 19. WEARABLE TECHNOLOGY MARKET REVENUE FROM ENTERTAINMENT SEGMENT, BY REGION, 2014-2022 ($MILLION)
TABLE 20. WEARABLE TECHNOLOGY MARKET REVENUE FROM ENTERPRISE AND INDUSTRIAL SEGMENT, BY REGION,
2014-2022 ($MILLION)
TABLE 21. GLOBAL WEARABLE TECHNOLOGY MARKET, BY REGION, 2014-2022 ($MILLION)
TABLE 22. NORTH AMERICA WEARABLE TECHNOLOGY MARKET, REVENUE, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 23. NORTH AMERICA WEARABLE TECHNOLOGY MARKET, REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 24. EUROPE WEARABLE TECHNOLOGY MARKET, REVENUE, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 25. EUROPE WEARABLE TECHNOLOGY MARKET, REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 26. ASIA-PACIFIC WEARABLE TECHNOLOGY MARKET, REVENUE, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 27. ASIA-PACIFIC WEARABLE TECHNOLOGY MARKET, REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 28. LAMEA WEARABLE TECHNOLOGY MARKET, REVENUE, BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 29. LAMEA WEARABLE TECHNOLOGY MARKET, REVENUE, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 30. APPLE INC: COMPANY SNAPSHOT
TABLE 31. APPLE INC: OPERATING SEGMENTS
TABLE 32. FITBIT INC: COMPANY SNAPSHOT
TABLE 33. SONY CORPORATION: COMPANY SNAPSHOT
TABLE 34. SONY CORPORATION: OPERATING SEGMENTS
TABLE 35. SAMSUNG: COMPANY SNAPSHOT
TABLE 36. SAMSUNG: OPERATING SEGMENTS
TABLE 37. GARMIN LTD.: COMPANY SNAPSHOT
TABLE 38. GARMIN LTD.: OPERATING SEGMENTS
TABLE 39. HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 40. HUAWEI TECHNOLOGIES: OPERATING SEGMENTS
TABLE 41. LG ELECTRONICS: COMPANY SNAPSHOT
TABLE 42. LG CORPORATION: OPERATING SEGMENTS
TABLE 43. NIKE INC: COMPANY SNAPSHOT
TABLE 44. NIKE INC: OPERATING SEGMENTS
TABLE 45. ADIDAS GROUP: COMPANY SNAPSHOT
TABLE 46. ADIDAS GROUP: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. WEARABLE TECHNOLOGY MARKET SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS OF WEARABLE TECHNOLOGY MARKET
FIGURE 3. TOP WINNING STRATEGY ANALYSIS
FIGURE 4. TOP WINNING STRATEGIES, BY COMPANY, 2013-2016 (%)
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. PORTERS FIVE FORCE MODEL
FIGURE 7. GLOBAL WEARABLE TECHNOLOGY MARKET (2015): MARKET SHARE ANALYSIS
FIGURE 8. WORLD OBESITY PROBLEM IN DIFFERENT COUNTRIES
FIGURE 9. GDP GROWTH RATE IN MAJOR DEVELOPING COUNTRIES, 2013-2014
FIGURE 10. ORGANIZATIONS AND ENTITIES CONSUMERS ARE WILLING TO SHARE WEARABLES DATA WITH
FIGURE 11. NUMBER OF SMARTPHONE USERS WORLDWIDE (UNIT BILLION)
FIGURE 12. HEALTH SPENDING BY TYPE OF SERVICE OR PRODUCT(%)
FIGURE 13. GLOBAL WEARABLE TECHNOLOGY MARKET, BY DEVICE, 2015 (%)
FIGURE 14. GLOBAL SMART WATCHES MARKET, REVENUE, 2014-2022 ($MILLION)
FIGURE 15. WEARABLE TECHNOLOGY MARKET SHARE FROM SMART WATCHES, BY REGION, 2014-2022 (%)
FIGURE 16. GLOBAL SMART GLASSES MARKET, REVENUE, 2014-2022 ($MILLION)
FIGURE 17. WEARABLE TECHNOLOGY MARKET SHARE FROM SMART GLASSES, BY REGION, 2014-2022 (%)
FIGURE 18. GLOBAL FITNESS & WELLNESS DEVICES MARKET, REVENUE, 2014-2022 ($MILLION)
FIGURE 19. WEARABLE TECHNOLOGY MARKET SHARE FROM FITNESS & WELLNESS DEVICES, BY REGION, 2014-2022 (%)
FIGURE 20. GLOBAL SMART CLOTHINGS MARKET, REVENUE, 2014-2022 ($MILLION)
FIGURE 21. WEARABLE TECHNOLOGY MARKET SHARE FROM SMART CLOTHINGS, BY REGION, 2014-2022 (%)
FIGURE 22. GLOBAL OTHER WEARABLE TECHNOLOGY MARKET, REVENUE, 2014-2022 ($MILLION)
FIGURE 23. WEARABLE TECHNOLOGY MARKET SHARE FROM OTHERS, BY REGION, 2014-2022 (%)
FIGURE 24. GLOBAL WEARABLE TECHNOLOGY MARKET, BY PRODUCT TYPE, 2015 (%)
FIGURE 25. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM WRIST WEAR, 2014-2022 ($MILLION)
FIGURE 26. WEARABLE TECHNOLOGY MARKET SHARE FROM WRIST WEAR, BY REGION, 2014-2022 (%)
FIGURE 27. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM EYEWEAR, 2014-2022 ($MILLION)
FIGURE 28. WEARABLE TECHNOLOGY MARKET SHARE FROM EYEWEAR, BY REGION, 2014-2022 (%)
FIGURE 29. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM HEARABLES, 2014-2022 ($MILLION)
FIGURE 30. WEARABLE TECHNOLOGY MARKET SHARE FROM HEARABLES, BY REGION, 2014-2022 (%)
FIGURE 31. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM BODY WEAR, 2014-2022 ($MILLION)
FIGURE 32. WEARABLE TECHNOLOGY MARKET SHARE FROM BODY WEAR, BY REGION, 2014-2022 (%)
FIGURE 33. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM NECKWEAR, 2014-2022 ($MILLION)
FIGURE 34. WEARABLE TECHNOLOGY MARKET SHARE FROM NECKWEAR, BY REGION, 2014-2022 (%)
FIGURE 35. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM OTHERS, 2014-2022 ($MILLION)
FIGURE 36. WEARABLE TECHNOLOGY MARKET SHARE FROM OTHERS, BY REGION, 2014-2022 (%)
FIGURE 37. GLOBAL WEARABLE TECHNOLOGY MARKET, BY APPLICATION, 2015 (%)
FIGURE 38. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM LIFESTYLE SEGMENT, 2014-2022 ($MILLION)
FIGURE 39. WEARABLE TECHNOLOGY MARKET SHARE FROM LIFESTYLE SEGMENT, BY REGION, 2014-2022 (%)
FIGURE 40. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM HEALTHCARE SEGMENT, 2014-2022 ($MILLION)
FIGURE 41. WEARABLE TECHNOLOGY MARKET SHARE FROM HEALTHCARE SEGMENT, BY REGION, 2014-2022 (%)
FIGURE 42. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM DEFENSE SEGMENT, 2014-2022 ($MILLION)
FIGURE 43. WEARABLE TECHNOLOGY MARKET SHARE FROM DEFENSE SEGMENT, BY REGION, 2014-2022 (%)
FIGURE 44. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM FITNESS & SPORTS SEGMENT, 2014-2022 ($MILLION)
FIGURE 45. WEARABLE TECHNOLOGY MARKET SHARE FROM FITNESS & SPORTS SEGMENT, BY REGION, 2014-2022 (%)
FIGURE 46. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM ENTERTAINMENT SEGMENT, 2014-2022 ($MILLION)
FIGURE 47. WEARABLE TECHNOLOGY MARKET SHARE FROM ENTERTAINMENT SEGMENT, BY REGION, 2014-2022 (%)
FIGURE 48. GLOBAL WEARABLE TECHNOLOGY MARKET REVENUE FROM ENTERPRISE AND INDUSTRIAL SEGMENT, 2014-2022 ($MILLION)
FIGURE 49. WEARABLE TECHNOLOGY MARKET SHARE FROM ENTERPRISE AND INDUSTRIAL SEGMENT, BY REGION, 2014-2022 (%)
FIGURE 50. GLOBAL WEARABLE TECHNOLOGY MARKET SHARE, BY REGION, 2015 (%)
FIGURE 51. APPLE INC: REVENUE, 2014-2016 ($MILLION)
FIGURE 52. APPLE INC: REVENUE BY SEGMENT, 2016 (%)
FIGURE 53. APPLE INC: REVENUE, BY GEOGRAPHY, 2016 (%)
FIGURE 54. FITBIT, INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 55. FITBIT, INC.: REVENUE, BY GEOGRAPHY, 2016 (%)
FIGURE 56. SONY CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 57. SONY CORPORATION: REVENUE BY SEGMENT, 2016 (%)
FIGURE 58. SONY CORPORATION: REVENUE, BY GEOGRAPHY, 2016 (%)
FIGURE 59. SAMSUNG: REVENUE, 2014-2016 ($MILLION)
FIGURE 60. SAMSUNG: REVENUE, BY SEGMENT, 2016 (%)
FIGURE 61. SAMSUNG: REVENUE, BY GEOGRAPHY, 2016 (%)
FIGURE 62. GARMIN LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 63. GARMIN LTD.: REVENUE, BY SEGMENT, 2016 (%)
FIGURE 64. GARMIN LTD.: REVENUE, BY GEOGRAPHY, 2016 (%)
FIGURE 65. HUAWEI TECHNOLOGIES: REVENUE, 2014-2016 ($MILLION)
FIGURE 66. HUAWEI TECHNOLOGIES: REVENUE, BY SEGMENT, 2016 (%)
FIGURE 67. HUAWEI TECHNOLOGIES: REVENUE, BY GEOGRAPHY,
2016 (%)
FIGURE 68. LG CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 69. LG CORPORATION: REVENUE, BY SEGMENT, 2016 (%)
FIGURE 70. LG CORPORATION: REVENUE, BY GEOGRAPHY, 2016 (%)
FIGURE 71. MOTOROLA SOLUTIONS, INC.: NET REVENUE,
20132015 ($MILLION)
FIGURE 72. MOTOROLA SOLUTIONS, INC.: NET REVENUE, BY GEOGRAPHY, 2015 (%)
FIGURE 73. NIKE INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 74. NIKE INC: REVENUE, BY SEGMENT, 2016 (%)
FIGURE 75. NIKE INC: REVENUE, BY GEOGRAPHY, 2016 (%)
FIGURE 76. ADIDAS GROUP: REVENUE, 2014-2016 ($MILLION)
FIGURE 77. ADIDAS GROUP: REVENUE, BY SEGMENT, 2016 (%)
FIGURE 78. ADIDAS GROUP: REVENUE, BY GEOGRAPHY, 2016 (%)

 

Wearable technology industry is projected to depict a prominent growth from 2016 to 2022 in Asia-Pacific owing to 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 increasing trend of Internet of Things (Iot). However, the wearable technology market is at a nascent stage and some of the regions such as Africa are still untapped.

Increase in health concerns such as obesity and other health-related problems are encouraging people to adopt fitness devices, thus minimizing the hospital bills. Moreover, various other benefits offered by these devices such as placing calls and viewing notifications at ease supplement the growth of the global wearable technology market. Many enterprises use wearables to increase productivity of employees and to keep a track on their performance. Moreover, smart textiles are launched in the market with embedded sensors, thereby providing the user with whole body tracking. For instance, in 2015, Ralph Lauren launched sensor-laden shirts named “PoloTech”, which has attached biometric sensors to check heart rates, stress levels, and calories burnt. Such innovations by various companies accelerate the wearable technology market growth.

 

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