Title: Wearable Devices Market size growing at a CAGR of over 24% over the forecast period
1Wearable Devices Market size with 24 CAGR
expectations over the forecast period to reach
USD 12 billion by 2023 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Regional Analysis of Wearable Devices Market
- North America wearable devices market is expected
to dominate global demand over the forecast
period owing to technological developments. - Asia Pacific is anticipated to exhibit
substantial growth due to low production costs in
India and China. - UK and Germany is estimated to lead the European
industry owing to flourishing innovations in
the region.
3 Application Analysis of Wearable Devices Market
- Based on application, the industry can be
segmented into military, consumer, enterprise
industrial and healthcare medical. Consumer
application is further segregated into
infotainment media as well as fitness sports. - Ascending application of these smart devices is
expected to facilitate colossal growth
opportunities to the wearable technology market
participants. - The wearable devices market can be segmented in
terms of product as well as application. In terms
of product, the industry can be segregated as eye
wear, wrist finger wear, body wear, foot wear,
neck wear and others.
4 Competitive Market Share of Wearable Devices
Market
- Key industry players in the infotainment segment
include Sony Corp., Samsung, LG Corp., Motorola,
Google Inc., Qualcomm, Martian, Pebble as well as
GoPro among others. - Major industry players in the healthcare
medical sector comprise Dexcom, Cardionet, Alive
Technologies, LifeWatch, Abbot and Medtronic
among others. - Major vendors in industrial and military segment
involves MicroVision, SAP, Eurotech and Quantum
3D among others.
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