DUBLIN, Jan. 19, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/56bfj5/wearable) has announced the addition of the "Wearable Technology Market by Product, Application, Type, & Geography - Global Forecast to 2020" report to their offering.
The overall market for wearable technology is expected to reach USD 31.27 Billion by 2020, at a CAGR of 17.8% between 2015 and 2020
This market is primarily driven by consumer preference for sophisticated gadgets, increasing popularity of smartwatches and wrist bands in the consumer market, increasing growth prospects of next-generation displays and integrated consumer wearable devices, increasing popularity of wearable fitness and medical devices, and growing popularity of Internet of Things.
The wearable technology market for the enterprise & industrial application is expected to grow at a highest CAGR during the forecast period. This growth is mainly attributed to the increasing demand for wearable scanners and computing devices in warehouse, logistics, and other operations where efficiency is inevitable.
Enterprise and industrial wearable devices include compact, mobile, and wireless computing systems that can be worn on body and also various image scanners that find applications in enterprise and industrial processes; smart textiles tailors also include various other materials made for the industrial purpose.
The market for bodywear products is expected to grow at the highest growth rate among all other products during the forecast period. Bodywear products mainly include smart textiles with embedded electronics. The idea of wearable electronics has been around for more than four decades now. Gradually, the focus on these technologies is increasing and the industry looks toward customizing these technologies to suit a wearer's needs and aesthetics, and for this, the emergence of smart textiles is considered to be a major development.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Analysis
7 Wearable Technology Market, By Type
8 Wearable Technology Market, By Application
9 Market, By Product
10 Market, By Technology
11 Market, By Component
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
- Adidas Ag - Apple Inc. - Fitbit Inc. - Garmin Ltd. - Google Inc. - Jawbone Inc. - Lg Electronics Inc. - Nike Inc. - Pebble Technology Corp. - Qualcomm Inc. - Samsung Electronics Co. Ltd. - Sony Corp. - Xiaomi Technology Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/56bfj5/wearable
Media Contact:
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
Share this article