Global Consumer Electronics and Wearables Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “ Global Consumer Electronics and Wearables Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Consumer Electronics and Wearables market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Wearable technology is becoming highly favorable among consumers as they have a vast and diverse application range and are very user-friendly. Consumers are attracted by their unique and versatility component that are not found in the traditional smartphones.
With increasing advancements in wireless technologies there has been a growth in wearable technologies. The demand of wearable technologies is increasing owing to factors such as increasing number of consumers using smart gadgets and its application in variety of sectors like sports and healthcare. The enhancements in wearable technologies like smart glasses, smart watches and smart garments is attracting customers, fuelling market growth. Google offers Google glass which is a wearable computer in the form of eyeglasses. It functions as a hands free smartphone and works on voice commands. Its initial high cost and lack of data privacy are factors affecting market growth.
The Consumer Electronics and Wearables market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and swot analysis have also been included in this report. The report has been composed by carrying out in-depth analysis of both primary and secondary data sources.
The consumer electronics and wearables market is analyzed across segments product type and applications. On the basis of application the market is segmented into sports and fitness, media and entertainment, medical and healthcare, fashion and others. In terms of product type the market is divided into eye wear, wrist wear, head wear, neck wear, body wear and foot wear. For instance, in the sports sector, the Fitbit charge 2, a fitness tracker, offers features such as auto sleep tracking and sleep stages, long battery life, multi sports tracking and connected GPS, cardio fitness level and more.
Asia Pacific (APAC) is rising in the consumer electronics and wearables market due to an increase in the number of users using smartphones. North America is expanding in this market due to rapid adoption of digital technologies and increasing advancements in smart gadgets. The consumer electronics and wearables market is analyzed across regions North America, Asia Pacific (APAC), Europe and Latin America, Middle East and Africa (LAMEA).
The key players operating in this market are: Fitbit Inc., Apple Inc., Xiaomi Technology Co. Ltd., Samsung Electronics, LG Electronics, Adidas Group, Sony Corporation, Google, Epson America, Nike, Misfit Inc. and Jawbone Inc.
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