Global Wearable Devices Market Size to Reach USD 64.6 billion by 2024
Global Wearable Devices Market, By Product Type (Wristwear, Eyewear, Footwear, Neckwear, Bodywear, Others), By Industry (Consumer Products, Healthcare, Industrial, and Others), By Type (Smart Textile (Passive, Active, Ultra Smart) (Sensing, Energy Harvesting, Luminiscence, Thermo Electricity), Non-Textile), By Technology, By Component, By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trends and Forecast to 2024
The global wearable devices market USD 17.8 Billion in 2016, and are expected to reach USD 64.6 billion by 2024, growing at a CAGR of 17.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Some of the major companies operating in this market are:
- Adidas AG
- Apple, Inc.
- Fitbit, Inc.
- Garmin, Ltd.
- Google, Inc.
- Jawbone, Inc.
- LG Electronics Inc.
- Nike, Inc.
- Pebble Technology Corp.
- Qualcomm, Inc.
- Samsung Electronics Co., Ltd.
- Sony Corporation
- Xiaomi Technology Co., Ltd. among other vernacular players.
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The Global Wearable Devices Market is segmented into product type, industry, technology, component, and geography.
On the basis of product type the wearable devices market is segmented into Wristwear, Eyewear, Footwear, Neckwear, Bodywear, and Others.
Based on industry the wearable devices market is segmented into Consumer Products, Healthcare, Industrial, and Others.
Based on geography the Global Wearable Devices Market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Rest of the world
The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. North America is expected to dominate the market due to strong awareness of pedometers and smart watches in this region. The rising pool of chronic diseases like obesity and diabetes is also the major factors in development of this market.
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