Wearable Technology Market Size, Top Players, and Forecast by 2031
Wearable Technology Market: Strategic Insights
Wearable Technology Market
-
CAGR (2023 - 2031)14.1% -
Market Size 2023
US$ 70.25 billion -
Market Size 2031
US$ 201.14 billion
Market Dynamics
GROWTH DRIVERS
- Growing awareness of fitness and wellness, growing internet and mobile penetration, and the increasing demand for healthcare gadgets in healthcare facilities
FUTURE TRENDS
- Increasing usage of Augmented Reality (AR) glasses and rising adoption of health and wellness monitoring
OPPORTUNITIES
- Growing Machine-To-Machine (M2M) Communication
Key Players
- Fitbit Inc
- Xiaomi Inc
- Apple Inc
- Garmin Ltd
- Samsung Electronics Co
- Adidas Group
- Google Inc
- Intel Corporation
- Jawbone
- Koninklijke Philips N V
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product - Smart Clothing & Smart Glasses
- Augmented Reality Headsets
- Sleep Sensors
- Heart Rate Monitors
- Wearable Patches
- Activity Monitors
- Smart Watches
- Continuous Glucose Monitor
- Hand Worn Terminals
- Drug Delivery Devices and Jewelries
Application - Infotainment
- Healthcare & Medicine
- Industrial & Military
- Fashion & Lifestyle
- Fitness & Wellness
- Safety & Security
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