(Telecom-NewsWire.Net, September 08, 2017 ) According to Publisher, the Wearable technology market accounted for $11.43 billion in 2015 and is expected to grow at a CAGR of 18.4% to reach $37.39 billion by 2022. The factors such as increasing awareness of technologies in smartphone and internet applications, wide applications in healthcare and sensor technologies, growing recognition for wearable fitness & medical devices, emerging urban lifestyle and growing advancements in technologies are some of the factors driving the market growth. However, high power consumption, low battery life, huge initial cost are some of the factors restraining the market. Furthermore, increasing adoption of wearable technology in several applications is one of the biggest opportunities for the market growth over the forecast period.
By Application, Enterprise & industrial segment is expected to grow at the highest CAGR during the forecast period owing to its rising demand for wearable computing devices and scanners. North America accounted for the largest share however, Asia Pacific is estimated to grow at the highest CAGR during the forecast period, attributed to factors such as rising health awareness, new innovations and advancements in technology and product usage.
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -France -Italy -UK -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -Rest of Asia Pacific -Rest of the World -Middle East -Brazil -Argentina -South Africa -Egypt
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements
Company Profiling 12.1 Samsung Electronics Co. Ltd. 12.2 Xiaomi Technology Co. Ltd. 12.3 Apple Inc. 12.4 Qualcomm Inc. 12.5 Fitbit Inc. 12.6 270 VISION LTD 12.7 Applied Research Associates, Inc. (ARA) 12.8 Acer Inc 12.9 3L Labs 12.10 Sony Corp. 12.11 Abbot Laboratories 12.12 Basis Science, Inc. 12.13 Garmin Ltd. 12.14 Pebble Technology Corp. 12.15 LG Electronics Inc. 12.16 Google Inc.
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