Wearable devices, like smartphones and tablets, have evolved with improved features and independent processing capabilities as a result of digitalization. In recent years, there has been a significant increase in the adoption of IOT devices for single remote access. The surge in demand for various modern devices and features is a major factor driving market expansion. Wearable electronics is an integrated computing device or product that assists the person or user using it in improving day-to-day tasks. North America topped the wearable electronics market, followed by the European Union and Asia-Pacific.
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Global Wearable Electronic Devices Market was valued at USD 67,373.95 million in 2021 and is expected to reach USD 4,09,355.40 million by 2029, registering a CAGR of 15.60% during the forecast period of 2022-2029. The increased demand for sophisticated gadgets with enhanced functions is a key factor driving market expansion. Factors such as the rise in the acceptance rate of wearable products in new applications, as well as changes in the trend of communications and network technologies, are also driving the wearable electronic devices market. Furthermore, technical improvements, an increase in the number of digital customers, and the availability of internet mobility will accelerate the growth rate of the wearable electronic devices market.
Rising use of the technology by the healthcare industry is expected to drive the market's growth rate
Given the pandemic, the usage of wearable gadgets in healthcare is increasing, as these items bring advantages and benefits to both patients and healthcare practitioners. Among these advantages include real-time health monitoring of vital statistics and earlier detection of sickness or risk of a major health crisis. Wearable and ear-worn technology have seen rapid expansion as users rely on these gadgets for remote work, health tracking, exercise activities, and more.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Head-Mounted Displays, Smartwatches, Ear-Worn Devices (Hearables), Sports Watches, Smart Garments and Wristbands), (Application Sports And Fitness, Healthcare, Security And Proximity, Automotive, Electronics, Automation, Industrial and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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SAMSUNG (South Korea), Garmin Ltd. (U.S.), Huawei Technologies Co., Ltd. (China), Apple Inc. (U.S.), Sony Corporation (Japan), HTC Corporation (Taiwan), Fitbit, Inc. (U.S.), Xiaomi Global Community (China), ADIDAS AG (Germany), Nike, Inc. (U.S.), LG Electronics. (South Korea), Motorola Solutions, Inc. (U.S.), Fossil Group, Inc. (U.S.), Google LLC (U.S.), Polar Electro (Finland), Withings (France), Michael Kors (U.S.), CASIO AMERICA, INC. (U.S.), TomTom International BV (Netherlands), and ASUSTeK Computer Inc. (Taiwan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global wearable electronic devices market is categorized into two notable segments which are based on type and application.
- On the basis of type, global wearable electronic devices market is segmented into head-mounted displays, smartwatches, ear-worn devices (hearables), sports watches, smart garments and wristbands.
The smartwatches segment of type dominated the wearable electronic devices market
The smartwatches segment dominated the market in 2021 with a CAGR of 40.3% as smartwatches demand is endlessly increasing around the world because of the growing demand of smart gadgets for contactless payment, health monitoring, reminders, fitness monitoring, notifications and voice calls, entertainment and among others. Furthermore, smartwatches adoption and preference has increase in last few years in numerous industries healthcare, well-being, sports, fitness, work safety, security and proximity, fashion.
- On the basis of application, global wearable electronic devices market is segmented into sports and fitness, healthcare, security and proximity, automotive, electronics, automation, industrial and others.
The sports and fitness segment of application dominated the wearable electronic devices market
體育和健身領域佔據了市場主導地位，複合年增長率為 48.29%，這歸因於穿戴式電子設備在體育和健身領域的應用日益廣泛，透過監測佩戴者的生理狀況來改善體育活動、健身和健康。穿戴式電子設備正在幫助佩戴者優化訓練和比賽期間的行為，這對運動員取得優異成績是有利的。
主要參與者
Data Bridge Market Research 將以下公司視為主要市場參與者：三星（韓國）、Garmin Ltd.（美國）、華為技術有限公司（中國）、蘋果公司（美國）、索尼公司（日本）、HTC 公司（台灣）、Fitbit 公司（美國）、小米全球社區（中國）、阿迪達斯股份公司（德國）、耐吉公司（美國）、LG 電子公司。 （韓國）、摩托羅拉系統公司（美國）、Fossil Group, Inc.（美國）、Google LLC（美國）、Polar Electro（芬蘭）、Withings（法國）、Michael Kors（美國）、CASIO AMERICA, INC.（美國）、TomTom International BV（荷蘭）和華碩電腦股份有限公司（台灣有限公司）。
市場開發
- 2020 年，PROTXX, INC. 宣布與 AltaML Inc. 建立合作關係，透過醫療保健平台加強其「數據分析」技能，實現對各種神經系統疾病的自動診斷。該平台將取代笨重且昂貴的臨床設備，延緩導致眾多生理系統的神經退化性疾病的進展。
- 2020年，TATA ELXSI開發了自己的軟體中介軟體平台“Autonomai”，該平台將創建一個支援AI的感知系統，協助實現3級以上自動駕駛。這個基於感知系統的平台將負責使用感測器檢測物體的自動駕駛汽車的無縫運作。
區域分析
從地理上看，市場報告涵蓋的國家有：北美洲的美國、加拿大和墨西哥、歐洲的德國、法國、英國、荷蘭、瑞士、比利時、俄羅斯、義大利、西班牙、土耳其、歐洲其他地區、中國、日本、印度、韓國、新加坡、馬來西亞、澳洲、泰國、印尼、菲律賓、亞太地區（APAC）的其他地區、沙烏地阿拉伯、阿聯酋、南非、澳洲、其他國家的歐洲、歐洲、歐洲地區和其他國家的歐洲地區（歐洲地區的歐洲國家。
根據 Data Bridge 市場研究分析：
2022 年至 2029 年預測期內，北美是穿戴式電子設備市場的主導地區
全球產業以北美為主。高科技的使用和新鮮產品的便利取得是區域市場的重要成長因素。該地區對改善健康、簡化預防治療和幫助管理慢性疾病的設備的需求很高。
預計2022-2029 年預測期內，亞太地區將成為穿戴式電子設備市場成長最快的地區
由於提供有競爭力的產品的供應商數量增加，預計亞太地區將以最快的速度成長。中國很可能成為亞太區域市場中最重要的國家之一。預計不久的將來智慧型手機成本還會進一步下降，這也將刺激該國對穿戴式科技的需求。
有關可穿戴電子設備市場 報告的更多詳細信息，請點擊此處 - https://www.databridgemarketresearch.com/reports/global-wearable-electronic-devices-market
