According to the new market research report "Wearable Electronics and Technology Market by Applications (Consumer, Healthcare, Enterprise), Products (Eyewear, Wristwear, Footwear), Form Factors and Geography - Analysis & Forecast to 2014 - 2020", published by MarketsandMarkets, the overall market is estimated to grow at a CAGR of 24.56% from 2014 to 2020, which includes an in-depth analysis of the market by application, product and component, technology, form factor, and geography.
The term 'Wearable Electronics' refers to any electronic device or product which can be worn by a person to integrate computing in his daily activity or work and use technology to avail advanced features and characteristics. In simple terms, wearable electronics is used to make routine things easier to perform as well as make life sophisticated by offering several computing features in various day-to-day applications, mainly due to the integration of computing and communication devices. Currently, several types of wearable electronics exist with the development of various types of technologies and advancements in wearable computing.
This report provides a complete quantitative and qualitative information of the global Wearable Electronics and Technology Market and all its segments (both - shipments and market revenue wise), and also forecasts the same till 2020. The report analyzes the global market and presents detailed insights on the market when segmented by technology, product, component, application, form factor, and geography. Besides this, detailed analysis on the drivers, restraints, and opportunities of the market are also presented along with an insightful quantitative analysis of Porter's five forces and their impact on the market.
The global wearable electronics products market revenue is expected to grow roughly at a CAGR of 24.56% and cross $11.61 Billion by the end of 2020, with steady sales of wristwear and footwear category, along with the emergence of the small market size for eyewear and bodywear category.
Major players in the market are Samsung Group (South Korea), Sony Corporation (Japan), Adidas AG (Germany), and Nike, Inc. (U.S.), among others.
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