Wearable Devices Market Introduction

Wearable devices include smart accessories, smart clothing, and smart fitness devices that can be connected to the Internet via a third-party tool. Typically, Internet protocol (IP) data bearers such as Wi-Fi, cellular packed data or Bluetooth is used to connect these devices to Internet and with other connected wearable devices. Wearable devices can execute many of the similar computing tasks that can be performed through smartphones, tablets, and laptop computers.

Drivers and Restraints

Availability of open source applications and growing health concern are accelerating growth of the overall wearable devices market. Further, falling average selling price of wearable devices such as smart watches and smart wristbands and increasing awareness regarding benefits offered by these devices among users are likely to accelerate the growth of the global wearable devices market during the forecast period. However, lack of presence of bricks and mortar stores and lack of awareness are some of the factors that are expected to hinder adoption of wearable devices.

Trends

Key providers are inclined towards introducing advanced wearable technology to enhance customer experience. Further, wearable devices are increasingly gaining traction in the gaming, entertainment, and fitness applications.

Market Scope

The wearable devices market is segmented by product category and price range.

a) Product Category

• Smart Wearable Accessories
  • Smart Watch
  • Smart Wristband
  • Fitness Monitor
  • Chest Straps
• Smart Clothing
• Other Wearable Devices

b) Price Range

• Premium-priced
• Mid-priced
• Low-priced

Regional Outlook

Key regions targeted in the wearable devices market are North America, Western Europe, Latin America, Eastern Europe, Asia Pacific, and Middle East & Africa (MEA). Among regions, North America dominated with largest revenue share of the overall wearable devices market revenue, followed by Western Europe in 2014. However, the wearable devices market in Asia Pacific is expected to grow at healthy CAGR from 2017 to 2023.

Wearable Devices Market Competitive Landscape

Key players operating in the global wearable devices market concentrates on introducing innovative wearable devices and accessories through considerable investment in research and development. Major players in global wearable devices market are Apple Inc., Nike Inc., Samsung Electronics Co. Ltd., Adidas AG, Garmin International Inc., Google Inc., and Fitbit Inc.

The research study would provide an in-depth assessment of the wearable devices market and include reliable analysis, insights, facts and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. Insights and analysis on various market segments such as by product category, price range, and region included in this research report scope.

Major Regions/Countries include:

• North America
  • United States
  • Canada
• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on wearable devices market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.