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Global Wearable Technology Market to reach USD 137 billion by 2027

Global Wearable Technology Market Size study, by Product (Wristwear, Headwear/Eyewear, Footwear, Neckwear, Bodywear), Type (Smart Textile, Non-Textile), Application (Consumer Electronics, Healthcare, Enterprise & Industrial) Technology (Computing technology, Display Technology, Networking technology, Positioning Technology, Sensor Technology), Component (Power Supply Components, Positioning And Networking Components, Sensing Components, Control Components, Display and Optoelectronic Components, Memory Components, Interface Components), Software & services (Apps (APPLICATIONS), Services) and Regional Forecasts 2020-2027

Product Code: ECE_58232201
Publish Date: 12-03-2021
Page: 200

Global Wearable Technology Market is valued approximately USD 41.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.79 % over the forecast period 2020-2027. Wearable technology is essentially an interactive product combined with a certain form of programmed to monitor real-time details, the technology can easily be worn on the body. Wearable technology includes wristbands that can be worn around the wrist and aims to monitor things such as heartbeat, heart rate, steps taken, hours of sleep, and many others. Wearables are used in numerous sectors such as security, consumer applications, lifestyle, health and leisure, business and manufacturing, among others. The market is driven by user demand for advanced accessories, growing development opportunities of next-generation smart interface screens, growing Internet of Things popularity and mobile devices, increasing awareness of the advantages of wearables and technical innovation. The key players of global Wearable technology market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, April 2020-The Huami subsidiary of Xiaomi has stated in a message on the Chinese social network Weibo that Mi Band 5 will be launched in 2020. Recently, the brand has developed the Amazfit range that will see a new addition named the Amazfit Ares. Huami also reported that 70 different sports modes will be promoted by the Amazfit Ares and feature a rough-looking “Similarly, in November 2016 , Xiaomi Technology Co. Ltd. has released a new ‘AMAZFIT’ smartwatch for fitness activity monitoring. The watch consists of activity-tracking, Bluetooth 4.0 LE and heart rate tracker sensors. Through this introduction, the company will have a greater position in the demand for wearable devices to boost its footprints. western outdoor” appearance. However, Shorter Consumer Electronics Sector life cycle could restrain the market growth.

The regional analysis of global Wearable Technology Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing Internet of Things popularity and mobile devices. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as User demand for advanced accessories, growing development opportunities of next-generation smart interface screens would create lucrative growth prospects for the Wearable Technology Market across Asia-Pacific region.

Major market player included in this report are:
Fitbit, Inc.
Apple, Inc.
Xiaomi Technology Co., Ltd
Garmin Ltd.
Samsung Electronics Co., Ltd.
Alphabet, Inc.
LG Electronics, Inc.
Qualcomm Technologies, Inc.
Sony Corporation
Adidas Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Consumer Electronics
Enterprise and Industrial Applications
Other Applications (Aviation, marine, and military and defense)
By Technology:
Computing technology
Display Technology
Networking technology
Positioning Technology
Sensor Technology
By Type:
Wearable Smart Textiles
Wearable Products and Devices (Non-Textiles)
By Component:
Power Supply Components
Positioning And Networking Components
Sensing Components
Control Components
Display and Optoelectronic Components
Memory Components
Interface Components
By Product:
Headwear and Eyewear
Other Wearable Technology
By Software & Services:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Wearable Technology Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Wearable Technology Market, by Region, 2018-2027 (USD Billion)
1.2.2. Wearable Technology Market, by Application, 2018-2027 (USD Billion)
1.2.3. Wearable Technology Market, by Technology, 2018-2027 (USD Billion)
1.2.4. Wearable Technology Market, by Type, 2018-2027 (USD Billion)
1.2.5. Wearable Technology Market, by Product, 2018-2027 (USD Billion)
1.2.6. Wearable Technology Market, by Component, 2018-2027 (USD Billion)
1.2.7. Wearable Technology Market, by Software & Services, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wearable Technology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wearable Technology Market Dynamics
3.1. Wearable Technology Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Wearable Technology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Wearable Technology Market, by Application
5.1. Market Snapshot
5.2. Global Wearable Technology Market by Application, Performance – Potential Analysis
5.3. Global Wearable Technology Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
5.4. Wearable Technology Market, Sub Segment Analysis
5.4.1. Consumer Electronics
5.4.2. Healthcare
5.4.3. Enterprise and Industrial Applications
5.4.4. Other Applications (Aviation, marine, and military and defense)
Chapter 6. Global Wearable Technology Market, by Technology
6.1. Market Snapshot
6.2. Global Wearable Technology Market by Technology, Performance – Potential Analysis
6.3. Global Wearable Technology Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
6.4. Wearable Technology Market, Sub Segment Analysis
6.4.1. Computing technology
6.4.2. Display Technology
6.4.3. Networking technology
6.4.4. Positioning Technology
6.4.5. Sensor Technology
Chapter 7. Global Wearable Technology Market, by Type
7.1. Market Snapshot
7.2. Global Wearable Technology Market by Type, Performance – Potential Analysis
7.3. Global Wearable Technology Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
7.4. Wearable Technology Market, Sub Segment Analysis
7.4.1. Wearable Smart Textiles
7.4.2. Wearable Products and Devices (Non-Textiles)
Chapter 8. Global Wearable Technology Market, By Component
8.1. Market Snapshot
8.2. Global Wearable Technology Market by Component, Performance – Potential Analysis
8.3. Global Wearable Technology Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
8.4. Wearable Technology Market, Sub Segment Analysis
8.4.1. Power Supply Components
8.4.2. Positioning And Networking Components
8.4.3. Sensing Components
8.4.4. Control Components
8.4.5. Display and Optoelectronic Components
8.4.6. Memory Components
8.4.7. Interface Components

Chapter 9. Global Wearable Technology Market, by Product
9.1. Market Snapshot
9.2. Global Wearable Technology Market by Product, Performance – Potential Analysis
9.3. Global Wearable Technology Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
9.4. Wearable Technology Market, Sub Segment Analysis
9.4.1. Wristwear
9.4.2. Headwear and Eyewear
9.4.3. Footwear
9.4.4. Neckwear
9.4.5. Bodywear
9.4.6. Other Wearable Technology

Chapter 10. Global Wearable Technology Market, by Software & Services
10.1. Market Snapshot
10.2. Global Wearable Technology Market by Software & Services, Performance – Potential Analysis
10.3. Global Wearable Technology Market Estimates & Forecasts by Software & Services 2017-2027 (USD Billion)
10.4. Wearable Technology Market, Sub Segment Analysis
10.4.1. Apps (APPLICATIONS)
10.4.2. Services
Chapter 11. Global Wearable Technology Market, Regional Analysis
11.1. Wearable Technology Market, Regional Market Snapshot
11.2. North America Wearable Technology Market
11.2.1. U.S. Wearable Technology Market Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027 Components breakdown estimates & forecasts, 2017-2027 Product breakdown estimates & forecasts, 2017-2027 Technology breakdown estimates & forecasts, 2017-2027 Software & services breakdown estimates & forecasts, 2017-2027
11.2.2. Canada Wearable Technology Market
11.3. Europe Wearable Technology Market Snapshot
11.3.1. U.K. Wearable Technology Market
11.3.2. Germany Wearable Technology Market
11.3.3. France Wearable Technology Market
11.3.4. Spain Wearable Technology Market
11.3.5. Italy Wearable Technology Market
11.3.6. Rest of Europe Wearable Technology Market
11.4. Asia-Pacific Wearable Technology Market Snapshot
11.4.1. China Wearable Technology Market
11.4.2. India Wearable Technology Market
11.4.3. Japan Wearable Technology Market
11.4.4. Australia Wearable Technology Market
11.4.5. South Korea Wearable Technology Market
11.4.6. Rest of Asia Pacific Wearable Technology Market
11.5. Latin America Wearable Technology Market Snapshot
11.5.1. Brazil Wearable Technology Market
11.5.2. Mexico Wearable Technology Market
11.6. Rest of The World Wearable Technology Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Apple, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. Fitbit, Inc.
12.2.3. Xiaomi Technology Co., Ltd
12.2.4. Garmin Ltd.
12.2.5. Samsung Electronics Co., Ltd.
12.2.6. Alphabet, Inc.
12.2.7. LG Electronics, Inc.
12.2.8. Qualcomm Technologies, Inc.
12.2.9. Sony Corporation
12.2.10. Adidas Group
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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