Global Wearables Market (by Product Segment & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

September 2021 | 102 pages | ID: GA23427135F1EN
Koncept Analytics

Abstracts

The global wearables market is expected to record a value of US$116.88 billion in 2025, rising at a CAGR of 17.12%, for the time period of 2021-2025. The factors such as growth of augmented reality/virtual reality (AR/VR) application, escalating spending on new technologies, progress in number of interest users, rise in youth population, rapid urbanization and growing popularity of smartwatches are expected to drive the growth of the market. However, the market growth would be challenged by limited battery life of devices, demand for continuous developments in devices and data privacy concerns in wearable technology. A few notable trends may include upsurge in connected devices, rising consumer spending on wearable, increasing growth prospects of next-generation displays in wearable devices and need for the integrations of all computing requirements in one compact device.

Wearable technology has gained significant traction in recent years, owing to the boom in the fitness trend across consumers. The smartwatch category is experiencing a subsequent rise, owing to the presence of captivating features like smartphone connectivity, fitness tracking, GPS tracing, etc. Further, companies in this field are constantly developing new products, by the means of collaborations and partnerships, which is expanding the scope for the wearables market growth in coming years.

The fastest growing regional market was North America, owing to the strong presence of key players and the existence of robust customer base. Further, Asia Pacific is expected to be the most attractive regional market in coming years due to the growing consumers’ purchasing power along with the increasing tech-savvy population, which is likely to add to the overall market value of wearable technology on a global scale.

Scope of the report:

• The report provides a comprehensive analysis of the global wearables market.
• The major regional markets (North America, Asia-Pacific, Europe and ROW) have been analyzed in detail.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (Apple Inc. Samsung Electronics, Huawei Technologies, Xiaomi Corporation, BoAt Lifestyle and Fitbit ) are also presented in detail.

Key Target Audience:

• Wearable Devices Manufacturers
• Supply Chain Partners
• End Users (Industrial, Healthcare, Consumer)
• Consulting Firms
• Investment Banks
• Government Bodies & Regulating Authorities

Contents

1. MARKET OVERVIEW

1.1 Introduction
1.2 Types of Wearables
1.3 Wearable Technology Application in Healthcare
1.4 Advantages of Wearable Technology in Fitness
1.5 The need for Wearables Technology

2. COVID-19 IMPACT

2.1 Potential applications of wearables in the COVID-19 pandemic
2.2 Increase in Social Media Usage
2.3 Growth in Wearables Shipment
2.4 Rise in Importance of Yoga

3. GLOBAL MARKET ANALYSIS

3.1 Global Wearables Market by Value
3.2 Global Wearables Market Forecast by Value
3.3 Global Wearables Market by Product Segment
  3.3.1 Global Smartwatch Market by Value
  3.3.2 Global Smartwatch Market Forecast by Value
  3.3.3 Global Head-mounted Display Market by Value
  3.3.4 Global Head-mounted Display Market Forecast by Value
  3.3.5 Global Ear-worn Devices Market by Value
  3.3.6 Global Ear-worn Devices Market Forecast by Value
  3.3.7 Global Sports Watch Market by Value
  3.3.8 Global Sports Watch Market Forecast by Value
  3.3.9 Global Wristband Market by Value
  3.3.10 Global Wristband Market Forecast by Value
  3.3.11 Global Smart Clothing Market by Value
  3.3.12 Global Smart Clothing Market Forecast by Value
3.4 Global Wearables Market by Region

4. REGIONAL MARKET ANALYSIS

4.1 North America
  4.1.1 North America Wearables Market by Value
  4.1.2 North America Wearables Market Forecast by Value
  4.1.3 North America Wearables Market by Region
  4.1.4 The U.S. Wearables Market by Value
  4.1.5 The U.S. Wearables Market Forecast by Value
  4.1.6 The U.S. Wearables Market by Product Segment
  4.1.7 The U.S. Wearable Product Segments Market by Value
  4.1.8 The U.S. Wearable Product Segments Market Forecast by Value
4.2 Asia Pacific
  4.2.1 Asia Pacific Wearables Market by Value
  4.2.2 Asia Pacific Wearables Market Forecast by Value
4.3 Europe
  4.3.1 Europe Wearables Market by Value
  4.3.2 Europe Wearables Market Forecast by Value
4.4 ROW
  4.4.1 ROW Wearables Market by Value
  4.4.2 ROW Wearables Market Forecast by Value

5. MARKET DYNAMICS

5.1 Growth Drivers
  5.1.1 Growth of Augmented Reality/Virtual Reality (AR/VR) Application
  5.1.2 Escalating Spending on New Technologies
  5.1.3 Progress in Number of Internet Users
  5.1.4 Rise in Youth Population
  5.1.5 Rapid Urbanization
  5.1.6 Rising Popularity of Smartwatches
5.2 Key Trends and Developments
  5.2.1 Upsurge in Connected Wearable Devices
  5.2.2 Rising Consumer Spending on Wearables
  5.2.3 Increasing Growth Prospects of Next-Generation Displays in Wearable Devices
  5.2.4 Need for the Integration of all Computing Requirements in One Compact Device
5.3 Challenges
  5.3.1 Limited Battery Life of Devices
  5.3.2 Demand for Continuous Developments in Devices
  5.3.3 Data Privacy Concerns in Wearable Technology

6. COMPETITIVE LANDSCAPE

6.1 Global Market
  6.1.1 Key Players - Revenue Comparison
  6.1.2 Key Players - Market Capitalization Comparison
  6.1.3 Global Wearables Market Share by Company

7. COMPANY PROFILES

7.1 Apple Inc.
  7.1.1 Business Overview
  7.1.2 Financial Overview
  7.1.3 Business Strategies
7.2 Samsung Electronics
  7.2.1 Business Overview
  7.2.2 Financial Overview
  7.2.3 Business Strategies
7.3 Huawei Technologies
  7.3.1 Business Overview
  7.3.2 Financial Overview
  7.3.3 Business Strategies
7.4 Xiaomi Corporation
  7.4.1 Business Overview
  7.4.2 Financial Overview
  7.4.3 Business Strategies
7.5 BoAt Lifestyle
  7.5.1 Business Overview
  7.5.2 Business Strategies
7.6 Fitbit
  7.6.1 Business Overview
  7.6.2 Business Strategies

List Of Figures

LIST OF FIGURES

Adoption of Wearable by End-use
Application of Wearable During COVID-19
Global Social Media Penetration (2019-2021)
Global Wearables Shipment by Company (2019-2020)
Global Wearables Market by Value (2016-2020)
Global Wearables Market Forecast by Value (2021-2025)
Global Wearables Market by Product Segment (2020)
Global Smartwatch Market by Value (2016-2020)
Global Smartwatch Market Forecast by Value (2021-2025)
Global Head-mounted Display Market by Value (2016-2020)
Global Head-mounted Display Market Forecast by Value (2021-2025)
Global Ear-worn Devices Market by Value (2016-2020)
Global Ear-worn Devices Market Forecast by Value (2021-2025)
Global Sports Watch Market by Value (2016-2020)
Global Sports Watch Market Forecast by Value (2021-2025)
Global Wristband Market by Value (2016-2020)
Global Wristband Market Forecast by Value (2021-2025)
Global Smart Clothing Market by Value (2016-2020)
Global Smart Clothing Market Forecast by Value (2021-2025)
Global Wearables Market by Region (2020)
North America Wearables Market by Value (2016-2020)
North America Wearables Market Forecast by Value (2021-2025)
North America Wearables Market by Region (2020)
The U.S. Wearables Market by Value (2016-2020)
The U.S. Wearables Forecast by Value (2021-2025)
The U.S. Wearables Market by Product Segment (2020)
The U.S. Wearable Product Segment Market by Value (2016-2020)
The U.S. Wearable Product Segments Market Forecast by Value (2021-2025)
Asia Pacific Wearables Market by Value (2016-2020)
Asia Pacific Wearables Market Forecast by Value (2021-2025)
Europe Wearables Market by Value (2016-2020)
Europe Wearables Market Forecast by Value (2021-2025)
ROW Wearables Market by Value (2016-2020)
ROW Wearables Market Forecast by Value (2021-2025)
Global Growth Rate of Augmented Reality/Virtual Reality Applications (2020-2025)
Global Information & Communication Technology (ICT) Spending by Type (2018-2022)
Number of Internet Users Worldwide (2016-2020)
Global Youth Population by Region (2020)
Global Urban Population (2010-2030)
Number of Connected Wearable Devices Worldwide (2018-2022)
Global Consumer Spending on Various Wearables (2018-2021)
Global Wearables Market Share by Company (1Q20/1Q21)
Apple Inc. Net Sales and Net Income (2016-2020)
Apple Inc. Net Sales by Segment (2020)
Samsung Electronics Revenue and Profit (2016-2020)
Samsung Electronics Revenue by Segment (2020)
Samsung Electronics Revenue by Region (2020)
Huawei Technologies Revenue and Net Income (2016-2020)
Huawei Technologies Revenue by Segment (2020)
Huawei Technologies Revenue by Region (2020)
Xiaomi Corporation Revenue and Profit (Loss) (2016-2020)
Xiaomi Corporation Revenue by Segment (2020)
Xiaomi Corporation Revenue by Region (2020)

List Of Tables

LIST OF TABLES

Types of Wearables
Advantages of Wearable Technology in Fitness
Key Players - Revenue Comparison (2020)
Key Players - Market Capitalization Comparison (2021)