2018-2023 Global Wearable Technology Market Report (Status and Outlook)

  • Publish Date: Oct, 2018
  • Report ID: 348236
  • Category: Technology
  • Pages: 130
$4,660

In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Wearable Technology market for 2018-2023.

Wearable technology are smart electronic devices (electronic device with micro-controllers) that can be incorporated into clothing or worn on the body as implants or accessories.

The market is expected to grow because of various driving factors, such as consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays in wearable devices, and growing popularity of Internet of Things (IoT) and connected devices.

Over the next five years, LPI(LP Information) projects that Wearable Technology will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Wearable Technology market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:

Computing Technologies

Display Technologies

Positioning Technologies

Sensor Technologies

Segmentation by application:

Consumer Electronics

Healthcare

Enterprise and Industrial

We can also provide the customized separate regional or country-level reports, for the following regions:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:

Fitbit

Apple

Xiaomi

Garmin

Samsung

Guangdong BBK Electronics

Misfit

Alphabet

LG

Qualcomm

Adidas

Sony

Lifesense

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Wearable Technology market size by key regions/countries, product type and application.

To understand the structure of Wearable Technology market by identifying its various subsegments.

Focuses on the key global Wearable Technology players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Wearable Technology with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Wearable Technology submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

2018-2023 Global Wearable Technology Market Report (Status and Outlook)

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

2.1 World Market Overview

2.1.1 Global Wearable Technology Market Size 2018-2023

2.1.2 Wearable Technology Market Size CAGR by Region

2.2 Wearable Technology Segment by Type

2.2.1 Computing Technologies

2.2.2 Display Technologies

2.2.3 Networking Technologies

2.2.4 Positioning Technologies

2.2.5 Sensor Technologies

2.3 Wearable Technology Market Size by Type

2.3.1 Global Wearable Technology Market Size Market Share by Type (2018-2023)

2.3.2 Global Wearable Technology Market Size Growth Rate by Type (2018-2023)

2.4 Wearable Technology Segment by Application

2.4.1 Consumer Electronics

2.4.2 Healthcare

2.4.3 Enterprise and Industrial

2.5 Wearable Technology Market Size by Application

2.5.1 Global Wearable Technology Market Size Market Share by Application (2018-2023)

2.5.2 Global Wearable Technology Market Size Growth Rate by Application (2018-2023)

3 Wearable Technology Key Players

3.1 Date of Key Players Enter into Wearable Technology

3.2 Key Players Wearable Technology Product Offered

3.3 Key Players Wearable Technology Funding/Investment Analysis

3.4 Funding/Investment

3.4.1 Funding/Investment by Regions

3.4.2 Funding/Investment by End Industry

3.5 Key Players Wearable Technology Valuation & Market Capitalization

3.6 Key Players Mergers & Acquisitions, Expansion Plans

3.7 Market Ranking

3.8 New Product/Technology Launches

3.9 Partnerships, Agreements, and Collaborations

3.10 Mergers and Acquisitions

4 Wearable Technology by Regions

4.1 Wearable Technology Market Size by Regions

4.2 Americas Wearable Technology Market Size Growth

4.3 APAC Wearable Technology Market Size Growth

4.4 Europe Wearable Technology Market Size Growth

5 Americas

5.1 Americas Wearable Technology Market Size by Countries

5.2 Americas Wearable Technology Market Size by Type

5.3 Americas Wearable Technology Market Size by Application

5.4 United States

5.5 Canada

5.6 Mexico

5.7 Key Economic Indicators of Few Americas Countries

6 APAC

6.1 APAC Wearable Technology Market Size by Countries

6.2 APAC Wearable Technology Market Size by Type

6.3 APAC Wearable Technology Market Size by Application

6.4 China

6.5 Japan

6.6 Korea

6.7 Southeast Asia

6.8 India

6.9 Australia

6.10 Key Economic Indicators of Few APAC Countries

7 Europe

7.1 Europe Wearable Technology by Countries

7.2 Europe Wearable Technology Market Size by Type

7.3 Europe Wearable Technology Market Size by Application

7.4 Germany

7.5 France

7.6 UK

7.7 Italy

7.8 Russia

7.9 Key Economic Indicators of Few Europe Countries

8 Market Drivers, Challenges and Trends

8.1 Market Drivers and Impact

8.1.1 Growing Demand from Key Regions

8.1.2 Growing Demand from Key Applications and Potential Industries

8.2 Market Challenges and Impact

8.3 Market Trends

8.4 Market Ecosystem and Roles

9 Key Investors in Wearable Technology

9.1 Company A

9.1.1 Company A Company Details

9.1.2 Company Description

9.1.3 Companies Invested by Company A

9.1.4 Company A Key Development and Market Layout

9.2 Company B

9.2.1 Company B Company Details

9.2.2 Company Description

9.2.3 Companies Invested by Company B

9.2.4 Company B Key Development and Market Layout

9.3 Company C

9.3.1 Company C Company Details

9.3.2 Company Description

9.3.3 Companies Invested by Company C

9.3.4 Company C Key Development and Market Layout

9.4 Company D

9.4.1 Company D Company Details

9.4.2 Company Description

9.4.3 Companies Invested by Company D

9.4.4 Company D Key Development and Market Layout

10 Key Players Analysis

10.1 Fitbit

10.1.1 Company Details

10.1.2 Wearable Technology Product Offered

10.1.3 Fitbit Wearable Technology Market Size

10.1.4 Main Business Overview

10.1.5 Fitbit News

10.2 Apple

10.2.1 Company Details

10.2.2 Wearable Technology Product Offered

10.2.3 Apple Wearable Technology Market Size

10.2.4 Main Business Overview

10.2.5 Apple News

10.3 Xiaomi

10.3.1 Company Details

10.3.2 Wearable Technology Product Offered

10.3.3 Xiaomi Wearable Technology Market Size

10.3.4 Main Business Overview

10.3.5 Xiaomi News

10.4 Garmin

10.4.1 Company Details

10.4.2 Wearable Technology Product Offered

10.4.3 Garmin Wearable Technology Market Size

10.4.4 Main Business Overview

10.4.5 Garmin News

10.5 Samsung

10.5.1 Company Details

10.5.2 Wearable Technology Product Offered

10.5.3 Samsung Wearable Technology Market Size

10.5.4 Main Business Overview

10.5.5 Samsung News

10.6 Guangdong BBK Electronics

10.6.1 Company Details

10.6.2 Wearable Technology Product Offered

10.6.3 Guangdong BBK Electronics Wearable Technology Market Size

10.6.4 Main Business Overview

10.6.5 Guangdong BBK Electronics News

10.7 Misfit

10.7.1 Company Details

10.7.2 Wearable Technology Product Offered

10.7.3 Misfit Wearable Technology Market Size

10.7.4 Main Business Overview

10.7.5 Misfit News

10.8 Alphabet

10.8.1 Company Details

10.8.2 Wearable Technology Product Offered

10.8.3 Alphabet Wearable Technology Market Size

10.8.4 Main Business Overview

10.8.5 Alphabet News

10.9 LG

10.9.1 Company Details

10.9.2 Wearable Technology Product Offered

10.9.3 LG Wearable Technology Market Size

10.9.4 Main Business Overview

10.9.5 LG News

10.10 Qualcomm

10.10.1 Company Details

10.10.2 Wearable Technology Product Offered

10.10.3 Qualcomm Wearable Technology Market Size

10.10.4 Main Business Overview

10.10.5 Qualcomm News

10.11 Adidas

10.12 Sony

10.13 Lifesense

11 Research Findings and Conclusion


1

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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