Key Trends as a Decision Maker You Absolutely Need to Know about the “Wearable Electronics” Market
The global market for Wearable Electronics is projected to reach US$61.4 billion by 2025, driven by the availability of inexpensive sensors, miniaturized yet powerful microchips and processors, low-power lighter electronic components, evolving app ecosystem and the resulting expansion of applications addressed by wearable products and services.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Wearable Electronics market. Report segmentation includes Product (Wristwear, Eyewear, Hearables, Bodywear, and Other Products); Component (Memory, Sensor, Display, Connectivity, PCBs, and Other Components); and Application (Consumer Electronics, Healthcare, Enterprise & Industrial, and Other Applications)).
10 June 10:09 A.M., California/Marketwire/ - According to the new market research report, the global market for Wearable Electronics is projected to reach US$61.4 billion by 2025, driven by the availability of inexpensive sensors, miniaturized yet powerful microchips and processors, low-power lighter electronic components, evolving app ecosystem and the resulting expansion of applications addressed by wearable products and services. After smartphones and tablets, smart wearables is the new innovation taking the technology to a fevered pitch in the consumer electronics industry. Benefits of wearables devices include lightweight, extreme portability, durable, easily transportable, convenience, ease-of-use and comfort. Smartwatch is the most popular form and dominant factor for wearables. Other evolving new designs include smart glasses, goggles, bracelets, armbands, necklaces, lanyards, pins, clips, headbands, headsets, belts, shoes, shirts, Jackets and pants, among others.
The biggest area of impact in electronic wearables is in the healthcare industry. Medical grade wearables are poised to create a revolution in personalized digital healthcare. Wearables will enable telehealth via remote patient monitoring (RPM) capabilities making healthcare services more efficient, self-determined and cost efficient. Wearables will also play a key role in precision medicine by providing physicians better knowledge of patients' health. Integration of sensors such as physiological sensors and biochemical sensors will provide continuous monitoring of a patient's vital signs and timely clinical decisions can be taken such as therapy modifications based on subtle changes observed in health patterns. From simple biophysical/ biochemical monitoring (BP & diabetes), continuous innovation will expand applications to more advanced continuous arrhythmia detection and monitoring blood pulse signals from human femoral, carotid and radial arteries. Another exciting area of innovation is the integration of artificial intelligence (AI) enabled "Healthbot" applications in smartwatches designed to help patients with disease/therapy management and counselling. In the addition to healthcare, clothing also represents and emerging area of opportunity for wearables. Innovative development of flexible, transparent graphene electrodes and their integration into commonly used textile fibers will be the first step forward in revolutionizing e-textiles. Significant R&D resources are therefore being sunk into developing processes and engineering techniques to integrate graphene in textiles as it hold the key that will unlock a new universe of commercial application opportunities in the coming years.
Key Competitors Covered in the Report
Adidas America, Inc.
Samsung Electronics America, Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 35431. Among this pool, 2834 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 709 unique participations, a total of 319 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.