Global Wearable Electronic Devices Market is Expected to grow at 24.8% in the Forecast Period of 2020 to 2027

The Wearable Electronic Devices industry will relinquish an approximated estimate at a frequency of 24.8% for the projection space of 2020 to 2027 owing to the factors such as high adoption of digitalization and changing lifestyle of people, increasing demand of IoT and connected devices and extensive usage in various industries such as healthcare, military and laboratories. However, the high cost of the device and lack of reimbursement may obstruct the growth of the wearable electronic devices market in the mentioned forecast period.

Global Wearable Electronic Devices Market Scenario               

According to Data Bridge Market Research, the market for wearable electronic devices in North America region has the highest market share in wearable electronic devices market. Market leader is Apple Inc. which accounts an estimated market share of approximately 35% to 40%. The company has gained outstanding sales through providing wearable electronic devices.

  • In March 2020, Garmin International, a unit of Garmin Ltd. announced strategic relationship to empower people to eradicate risk of dementia with Alzheimer's Research UK. This business collaboration was aimed to encourage people make simple lifestyle changes in order to help protect their health and reduce dementia risk.

Wearable Electronic Devices MarketTrends Impacting the Market

Now the question is which are the other regions, Apple Inc., Xiaomi and SAMSUNG are targeting? Data Bridge Market Research has estimated a large growth in North America wearable electronic devices market and the market leaders targeting the U.S., Canada and Mexico to be their next revenue pockets for 2020.

The wearable electronic devices market is becoming more competitive with companies such as Apple Inc., Xiaomi and SAMSUNG as they are the top dominating companies in wearable electronic devices having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global wearable electronic devices market.     

For more analysis on the global wearable electronic devices market request for a briefing with our analysts

Global Wearable Electronic Devices Market Development

  • In September 2019, Polar Electro announced that its product named Polar Team Pro, a GPS-based athlete performance tracking solution, has obtained in-game approval from FIFA, the governing body for world football, in accordance with the Electronic Performance and Tracking Systems (EPTS) International Match Standard (IMS) of the federation. This accreditation received by Polar Electro increased its market credibility thereby more demand for its product in future.

Scope of the Global Wearable Electronic Devices Market

Global wearable electronic devices market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey and rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific, Brazil and rest of South America, South Africa and rest of Middle East and Africa.   

  • All country based analysis of global wearable electronic devices market is further analyzed based on further segmentation. On the basis of type, the wearable electronic devices market is segmented into head-mounted displays, smartwatches, ear-worn devices (hearables), sports watches, wristbands and smart garments. On the basis of application, the wearable electronic devices market is segmented into sports and fitness, healthcare, security and proximity, automotive, electronics, automation, industrial and others

To know more about the study

Key Pointers Covered in Global Wearable Electronic Devices Market Industry Trends and Forecast to 2027

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • Apple Inc.
  • Seiko Epson Corporation
  • Fitbit, Inc.
  • LG Electronics.
  • Sony Corporation
  • Xiaomi
  • Garmin Ltd.
  • Huawei Technologies Co., Ltd.
  • Polar Electro
  • Vuzix Corporation
  • Kopin Corporation
  • ASUSTeK Computer Inc.
  • HTC Corporation.
  • Montrichard (H.K.) Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of wearable electronic devices companies’, contact us

Research Methodology: Global Wearable Electronic Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Researchers, Scientists, Manufacturers, Industrial Professionals
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Related Reports

Browse in Semiconductors and Electronics Category Related Reports@