Lewes, DE -- (SBWire) -- 10/14/2015 --Report forecast the global wearable electronics market to grow at a CAGR of 79.99% in terms of unit shipment over the period 2014-2019.
Wearable electronics refers to electronics embedded in wearables, such as accessories and clothing. Wearable electronics are equipped with miniaturized devices such as microchips and sensors, which provide them the capability to compute like cell phones and laptops. The electronic devices embedded in wearables collet data and track activities, allowing wearers access to information in real time.
Wearable devices such as Google glasses, smart bands, smart watches, and smart clothing monitor real-time fitness, heart rate, sleep statistics, calories, and provide valuable insights on health. One of the important aspects of wearable technology is the ability to provide its users hands-free access to electronics and computers. Some wearable devices, such as smartwatches, have the capability to call, send and receive text messages, and receive notifications.
The report covers the current scenario and growth prospects of the global wearable electronics market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through sales of various wearable electronic devices, including:
- Helmet mounted displays
- Smart bands
- Smart clothing
- Smart glasses
- Smart watches
According to the report, one of the most significant features of wearables is their ability to connect with many devices, including TVs, media players, headsets, smartphones, laptops, and point of sale (PoS) terminals that have Bluetooth and NFC connectivity capabilities. Wearable devices such as smartwatches and smart glasses can be connected with headsets and smartphones. In the future these devices will facilitate a range of activities, from making payments to controlling lighting. In addition, several third-generation smartwatches are integrated with Wi-Fi connectivity, which enables them to be connected to several devices efficiently.
Further, the report states that privacy issues are likely to affect the market, unless governments make stringent regulations.
Global Wearable Electronics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the global wearable electronics market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
key players in the Global Wearable Electronics Market: Adidas (Numetrex), Apple, BAE Systems, Carré Technologies, Fitbit, Garmin, Google, Jawbone, Kopin, LG Electronics, Nike, Ohmatex, OMSignal, Recon Instruments, Rockwell Collins, Samsung Electronics, Seiko Epson, Sony and Vuzix
Market driver
- Compatibility with various devices
- For a full, detailed list, view our report
Market challenge
- Unattractive design
- For a full, detailed list, view our report
Market trend
- Strategic alliance between telecom operators and providers of smart wearables
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 109 pages, 18 Exhibits "Global Wearable Electronics Market 2015-2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Wearable applications, Summary of key figures, Market landscape, Five force analysis, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-wearable-electronics-market-2015-2019
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