Wearable Technology Market Growth Factors, Trends and Forecast Report to 2022:Grand View Research, Inc.

San Francisco, 18 February,   Wearable Technology Market Analysis By Product (Wrist-Wear, Eye-Wear, Foot-Wear, Neck-Wear, Body-Wear), By Application (Fitness & Wellness, Healthcare, Infotainment, Defense, Enterprise And Industrial) And Segment Forecasts To 2022.

 The global wearable technology market is anticipated to reach USD 196.5 billion by 2022, according to a new study by Grand View Research, Inc. Research and development investment by large number of industry player is expected to fuel growth over the forecast period.

Increasing disposable income worldwide is expected to fuel industry growth over the forecast period. Technological advancement, price, quality, and battery life influence the buying decision of the end-users. The emergence of 3D printing solution and crowd funding is expected to positively impact the wearable technology market.

Increasing smartphone penetration worldwide is expected to propel industry growth over the forecast period, owing to increasing wearable device compatibility. Advancement in semiconductor electronics is expected to favor more efficient and effective products, thereby fuel revenue growth over the next seven years.

Various health and economic benefits are expected to contribute to overall industry development. For instance, advertisement agencies can bring down research cost through the use of eye-wear, which can allow enhanced data collection of customers’ feedbacks. Low battery life and high cost of some of the devices may hinder the industry growth over the forecast period. Data privacy concern may also adversely affect the industry demand.

Access Full Research Report On Wearable Technology Market Analysis:

www.grandviewresearch.com/industry-analysis/wearable-technology-market

Further key findings from the study suggest:

·         The global industry is innovation driven and continuously evolving. The products available in the market include wrist-wear, neck-wear, body-wear, eye-wear and foot-wear. Companies such as Nike, Garmin, GOQii are offering wrist-wear for fitness and sport and healthcare application.

·         Applications include healthcare, fitness and wellness, infotainment, enterprise and industrial, and defense. Increasing concern about fitness and health among urban population is anticipated to drive demand over the forecast period. Advancement in virtual reality technology is expected to favor the infotainment segment over the next seven years. Government initiative to enhance their defense capability and provide soldiers with advanced technology is anticipated to drive investment in this sector.

·         North America wearable technology market is estimated to be the key regional segment and is anticipated to grow at a CAGR of around 32% over the next seven years. Increasing in awareness about the benefit of this technology will drive demand in Asia Pacific over the forecast period. Asia Pacific is expected to be key component manufacturing hub over the forecast period owing to availability of cheap resources. The region was valued over USD 3 billion in 2014, and is expected to grow at a CAGR of over 36% from 2015 to 2022.

·         Companies operating in the industry include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. In March 2014, Google Inc. launched Android operating system for wearable technology. CuteCircuit Technologies is a company that designs and develops wearable garments for both men and women.

Browse More Reports Of This Category By Grand View Research At:  www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the wearable technology market on the basis of product, application and region:

Wearable Technology Product Outlook (USD Billion, 2012 - 2022)

·         Wrist-wear

·         Eye-wear

·         Foot-wear

·         Neck-wear

·         Body-wear

·         Others

Wearable Technology Application Outlook (USD Billion, 2012 - 2022)

·         Fitness and sports

·         Healthcare

·         Infotainment

·         Defense

·         Enterprise and industrial

Wearable Technology Regional Outlook (USD Billion, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         RoW

                                                      

Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-wearable-technology-market

About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com/