Wearable Technology Components Market - Overview
The global wearable technology components market demand is growing due to the increase in disposable income of the people and awareness about the new technology is also helping this market to grow in coming years. According to a recent study report published by the Market Research Future, the global market of Wearable Technology Components is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2018-2023.
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The wearable technology components global market is expected to grow from USD 20.89 billion in 2017 to USD 51.50 billion in 2023 at a CAGR of 16.02%.
Wearable Technology Components Global Market - Segmentation
The Wearable Technology Components Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation By Wearable electronics component: Control Components, memory (volatile memory & non-volatile memory), battery, sensing components (sensors, actuators & transducers), connectivity, display & optoelectronic components and other components.
- Segmentation By Wearable product electronic components: Smart watches key electronic components, wrist wear key electronic components, smart glasses key electronic components, HMD/HUD key electronic components and smart Textiles key electronic components.
- Segmentation By Regions: Geographical Regions - North America, Europe, Asia Pacific and Rest Of The World.
Key Players:
The prominent players in the wearable technology component market are Adidas AG (Germany), Xiaomi Inc. (China), Apple Inc. (US), Google Inc. (US), Garmin Ltd. (US), Fitbit (US), Jawbone (US), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Qualcomm Technologies, Inc. (US), and Nike, Inc. (US). Whereas, Lifesense Group (Netherlands), Misfit, Inc. (US) are among the other players.
Wearable Technology Components Global Market - Competitive Analysis
The market of Wearable Technology Components appears to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Wearable Technology Components Global Market - Regional Analysis
North America is dominating the global Wearable Technology Components market with the largest market share owing to presence of major players such as E Ink Corporation, Imprint Energy Inc., HZO Inc., and Invensense Inc., in the region. Global Wearable Technology Components market in European market is expected to grow at a substantial high CAGR during 2017 to 2023. The Asia Pacific market for Wearable Technology Components market is expected to grow at a considerable CAGR (2017-2023) due to growing semiconductor industries.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
Continued…
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