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(Wireless-NewsWire.Com, August 11, 2016 ) According to the new Market research study published by The Insight Partners, The Global Wearable Technology Market was estimated at US $26.19 billion in 2015. This market is expected to grow at a CAGR of 20.8% between 2016 and 2025, to reach US $170.91 Billion in 2025.
Browse market data tables and in-depth TOC of the Wearable Technology Market to 2025 @ http://theinsightpartners.com/reports/wearable-technology-market
Fitness bands and smart watches have emerged as one the prime revenue sources and has experienced a high adoption rate, highly growing demographics across the regions and increasing awareness among end users about the potential benefits of wearable technology is expected to accelerate the wearable technology market in the coming years
The global market has been segmented on the basis of applications into healthcare & medical, infotainment, military & industrial, fitness & wellness, safety & security, and fashion & lifestyle. The global wearable technology market has been further bifurcated by products into sleep sensors, smart clothing & smart glasses, activity monitors ,smart watches, HRMs, continuous glucose monitor , wearable patches, AR headsets, hand worn terminals, and jewelries (such as bracelets, ring, neck pieces earrings, pendants, and clutches among others).
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In the application segments healthcare & medical segment had the largest share of the wearable technology market in 2015, whereas the fashion & lifestyle segment is expected to grow at the highest CAGR between 2016 and 2025.
The geographic segments included in this report are North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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Currently, wearable technology devices have witnessed a significant adoption in the APAC countries. Furthermore, with growth in disposable incomes and technology adoption trends, several growing economies in regions are expected to experience high adoption of wearable technology solutions and devices. APAC currently holds the significant market share in the global wearable technology market, and is expected dominate the market during the forecast period. The region is estimated to register a growth rate of 22.6% during 2016 to 2025.
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The major industry players in the wearable technology market include adidas Group (Germany), Apple, Inc. (US), Fitbit Inc. (US), Garmin International Inc. (Switzerland), Google, Inc. (US), Intel Corporation (US), Jawbone (US), Koninklijke Philips N.V. (Netherlands), LG Electronics Inc. (South Korea), Medtronic, Inc. (Ireland), Microsoft Corporation (US), Nike, Inc. (US), Pebble Technology Corporation (US), Qualcomm, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Suunto Oy (Finland), Xiaomi Inc. (China).
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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Sameer Joshi
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sales@theinsightpartners.com
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