Wearable Fitness Technology Market by Product -2022

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MarketsandMarkets Presents
Wearable Fitness Technology Market by Product,
Category Component - Global Forecast to 2022 The
market for wearable fitness technology is
expected to reach USD 12.44 Billion by 2022, at a
CAGR of 13.7 to 2022.
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The market for displays was the highest in 2015.
Display being the most expensive part of a
wearable device, it has larger market size then
than other components. Also, display technology
is evolving day by day, and new technologies such
as organic light-emitting diode (OLED),
active-matrix organic light-emitting diode
(AMOLED), tactile/haptic touch, and more are
being incorporated in new products by
companies. Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.a
sp?id139869705 The wearable fitness technology
market for smartwatches is expected to grow at
the highest CAGR during the forecast period.
Smartwatches held around the largest share of the
total market in 2015, of many additional features
other than fitness tracking such as text
messaging, phone calls, social media, and
music. The driving factors for the growth of
this market include consumer preference for
sophisticated gadgets, increasing popularity of
wearable fitness and medical devices, increasing
awareness about fitness, and rise in disposable
incomes in developing economies.
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The Americas accounted for the largest share of
the wearable fitness technology market, in terms
of value and volume in 2015 because of several
factors. One of the most important factors is
technological innovations and advancements, which
led to the introduction of new products. The
increasing demand from consumers and medical
applications has also led to the growth of
wearable fitness technology in the
Americas. Report Information
http//www.marketsandmarkets.com/Market-Reports/w
earable-fitness-technology-market-139869705.html
Some of the key players in this industry
include Adidas AG (Germany), Apple, Inc. (U.S.),
Fitbit, Inc. (U.S.), Garmin, Ltd. (Switzerland),
Google, Inc. (U.S.), Jawbone, Inc. (U.S.), LG
Electronics Inc. (South Korea), Nike, Inc.
(U.S.), Pebble Technology Corp. (U.S.), Qualcomm,
Inc. (U.S.), Samsung Electronics Co. Ltd. (South
Korea), Sony Corporation (Japan), and Xiaomi
Technology Co., Ltd. (China).
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