Wearable Technology Market 2027 By Size, Share, Trends, Growth, Forecast

Summary

Report Description

Global wearable technology market is anticipated to reach USD 50 billion by 2027, growing at a CAGR of over 15% during the forecast period, due to the increasing customer preference for sophisticated devices and soaring popularity of IoT and connected devices. Products in the wearable technology market are registering technological advancements with the incorporation of miniature sensors, cloud technology, machine learning, etc., which is positively influencing the market growth over the coming years.

Based on the product, wristwear segment, which include smart watches and wristbands, is anticipated to dominate the market during the forecast period due to elevating demand for fitness and healthcare. In terms of application, the market has been segmented into consumer electronics, enterprise & industrial and healthcare. The healthcare segment is anticipated to grow at the highest rate during the forecast period owing to various offerings of wearable technology such as continuous glucose monitoring, drug delivery monitoring, etc. Moreover, increasing cases of chronic diseases such as diabetes are further escalating the application of wearable technology in healthcare. Regionally, North America is the leading region in the global wearable technology market due to technological advancements coupled with rising demand for connected devices.

The major players operating in the wearable technology market are Xiaomi Technology Co., Ltd, Samsung Electronics Co., Ltd., Alphabet, Inc., Qualcomm Technologies, Inc., Guangdong Bbk Electronics Co., Ltd, Lifesense Group B.V., Huawei Technologies Co., Ltd., Motorola Solutions Inc., Adidas Group, Apple, Inc. and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements in order to expand their geographic reach and to increase their customer basis.

Objective of the Study:

To analyze and estimate the market size of global wearable technology market from 2017 to 2020.
To estimate and forecast the market size of global wearable technology market from 2021 to 2027 and growth rate until 2027.
To classify and forecast global wearable technology market based on component, product, technology, application, company and regional distribution.
To identify dominant region or segment in the global wearable technology market.
To identify drivers and challenges for global wearable technology market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global wearable technology market.
To conduct pricing analysis for global wearable technology market.
To identify and analyze the profile of leading players operating in global wearable technology market.
To identify key sustainable strategies adopted by market players in global wearable technology market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global wearable technology market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Wearable technology manufacturers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to Wearable Technology

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Product · Technology · Component · Application
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Brazil, Argentina, Colombia;
Key companies profiled	Xiaomi Technology Co., Ltd, Samsung Electronics Co., Ltd., Alphabet, Inc., Qualcomm Technologies, Inc., Guangdong Bbk Electronics Co., Ltd, Lifesense Group B.V., Huawei Technologies Co., Ltd., Motorola Solutions Inc., Adidas Group, Apple, Inc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global wearable technology market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Wearable Technology Market, By Product:

Headwear & Eyewear
Wristwear
Footwear
Bodywear
Neckwear
Others

Global Wearable Technology Market, By Technology:

Networking Technology
Display Technology
Positioning Technology
Computing Technology
Sensor Technology

Global Wearable Technology Market, By Components:

Sensing Components
Control Components
Interface Components
Display and Optoelectronic Components
Memory Components
Power Supply Components
Positioning & Networking Components

Global Wearable Technology Market, By Application:

Consumer Electronics
Enterprise & Industrial
Healthcare

Global Wearable Technology Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
France
United Kingdom
Italy
Spain

Asia-Pacific

China
Japan
India
South Korea
Australia

Middle East & Africa

South Africa
Saudi Arabia
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global wearable technology market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global wearable technology market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Wearable Technology Market

4. Executive Summary

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Challenges/Issues Faced Post Purchase

5.3. Product Awareness

6. Global Wearable Technology Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product (Headwear & Eyewear, Wristwear, Footwear, Bodywear, Neckwear, others)

6.2.2. By Technology (Networking Technology, Display Technology, Positioning Technology, Computing Technology and Sensor Technology)

6.2.3. By Components (Sensing Components, Control Components, Interface Components, Display and Optoelectronic Components, Memory Components, Power Supply Components and Positioning & Networking Components)

6.2.4. By Application (Consumer Electronics, Enterprise & Industrial and Healthcare)

6.2.5. By Company (2021)

6.2.6. By Region

6.3. Market Attractiveness Index

7. Asia-Pacific Wearable Technology Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Method

7.2.3. By Application

7.2.4. By End User

7.2.5. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Wearable Technology Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Method

7.3.1.2.3. By Application

7.3.1.2.4. By End User

7.3.2. India Wearable Technology Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Method

7.3.2.2.3. By Application

7.3.2.2.4. By End User

7.3.3. Australia Wearable Technology Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Method

7.3.3.2.3. By Application

7.3.3.2.4. By End User

7.3.4. Japan Wearable Technology Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Method

7.3.4.2.3. By Application

7.3.4.2.4. By End User

7.3.5. South Korea Wearable Technology Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Method

7.3.5.2.3. By Application

7.3.5.2.4. By End User

8. Europe Wearable Technology Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Method

8.2.3. By Application

8.2.4. By End User

8.2.5. By Country

8.3. Europe: Country Analysis

8.3.1. France Wearable Technology Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Method

8.3.1.2.3. By Application

8.3.1.2.4. By End User

8.3.2. Germany Wearable Technology Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Method

8.3.2.2.3. By Application

8.3.2.2.4. By End User

8.3.3. United Kingdom Wearable Technology Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Method

8.3.3.2.3. By Application

8.3.3.2.4. By End Use

8.3.4. Italy Wearable Technology Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Method

8.3.4.2.3. By Application

8.3.4.2.4. By End User

8.3.5. Spain Wearable Technology Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Method

8.3.5.2.3. By Application

8.3.5.2.4. By End User

9. North America Wearable Technology Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Method

9.2.3. By Application

9.2.4. By End User

9.2.5. By Country

9.3. North America: Country Analysis

9.3.1. United States Wearable Technology Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Method

9.3.1.2.3. By Application

9.3.1.2.4. By End User

9.3.2. Mexico Wearable Technology Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Method

9.3.2.2.3. By Application

9.3.2.2.4. By End User

9.3.3. Canada Wearable Technology Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Method

9.3.3.2.3. By Application

9.3.3.2.4. By End User

10. South America Wearable Technology Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Method

10.2.3. By Application

10.2.4. By End User

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Wearable Technology Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Method

10.3.1.2.3. By Application

10.3.1.2.4. By End User

10.3.2. Argentina Wearable Technology Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Method

10.3.2.2.3. By Application

10.3.2.2.4. By End User

10.3.3. Colombia Wearable Technology Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Method

10.3.3.2.3. By Application

10.3.3.2.4. By End Use

11. Middle East and Africa Wearable Technology Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Method

11.2.3. By Application

11.2.4. By End User

11.2.5. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Wearable Technology Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Method

11.3.1.2.3. By Application

11.3.1.2.4. By End User

11.3.2. Saudi Arabia Wearable Technology Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Method

11.3.2.2.3. By Application

11.3.2.2.4. By End User

11.3.3. UAE Wearable Technology Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Method

11.3.3.2.3. By Application

11.3.3.2.4. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Xiaomi Technology Co., Ltd

14.2. Samsung Electronics Co., Ltd.

14.3. Alphabet, Inc.

14.4. Qualcomm Technologies, Inc.

14.5. Guangdong Bbk Electronics Co., Ltd

14.6. Lifesense Group B.V.

14.7. Huawei Technologies Co., Ltd.

14.8. Motorola Solutions Inc.

14.9. Adidas Group

14.10. Apple, Inc.

Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the factors driving the growth of global wearable technology market?

Surging popularity of innovative technologies and increasing preference for maintaining physical fitness are expected to drive the growth of global wearable technology market during the forecast period.

What are the major segments in global wearable technology market?

Global wearable technology market is segmented on the basis of product, technology, component, application, and region.

Which segment is expected to hold the largest share in global wearable technology market during forecast period?

Based on product, wristwear segment is expected to hold the largest share in global wearable technology market during forecast period.

Who are the key players operating in the global wearable technology market?

The major players operating in the global wearable technology market are Xiaomi Technology Co., Ltd, Samsung Electronics Co., Ltd., Alphabet, Inc., Qualcomm Technologies, Inc., Guangdong Bbk Electronics Co., Ltd, Lifesense Group B.V., Huawei Technologies Co., Ltd., Motorola Solutions Inc., Adidas Group, Apple, Inc. and others.

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