Please Wait.....
Report
Wearable Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 142 Pages I IMARC Group
Market Overview:
The global wearable electronics market size reached US$ 117.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 350.5 Billion by 2028, exhibiting a growth rate (CAGR) of 20.05% during 2023-2028.
Wearable electronics refer to smart devices which can be worn over the body by the users to enhance their day-to-day activities. They are integrated computing devices which enable wireless networking and mobile computing to the users.
Wearable electronics have a strong potential in any industry where hands free data collection has high value. Healthcare applications, however, represent the biggest drivers of these products. Wearable electronics enable users to efficiently monitor their health and activity. These devices can constantly measure the users vitals, quality of sleep and step count effortlessly and accurately. These devices can also monitor physiological data of patients with chronic conditions and can enable timely clinical interventions. These products can also be utilised for early detection of symptoms in a patient's health status, enabling timely medical interventions. Other healthcare applications of wearable electronics comprise safety monitoring (to detect falls, epileptic seizures and heart problems) or life improvement, with a sensing technology used along with interactive gaming and Virtual Reality environments and augmented feedback systems. Apart from healthcare, a number of other applications are also driving the demand of wearable electronics.These products enable users to exercise more efficiently, enables them to keep their children safe, enhances personal accountability and helps individuals to be more productive at home and at the workplace.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wearable electronics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, component and application.
Breakup by Product:
Smart Bands
Smart Watches
Smart Clothing
Smart Glasses
Head Mounted Displays (HMD)
Based on the product, smart watches currently represent the biggest category in the market. Other products include smart bands, smart clothing, smart glasses and head mounted displays (HMD).
Breakup by Component:
Networking and Positioning Components
Power Supply Components
Sensing Components
Optoelectronic and Display Components
Control Components
Interface Components
Based on the component, the market has been segmented as networking and positioning components, power supply components, sensing components, optoelectronic and display components, control components and interface components.
Breakup by Application:
Healthcare Applications
Consumer Applications
Sports and Fitness Applications
Industrial and Commercial Applications
Others
Based on the application, the market has been segmented as healthcare applications, consumer applications, sports and fitness applications, industrial and commercial applications, and others.
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the leading market, accounting for the majority of the global share.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being NuMetrex Adidas, Apple Inc., BAE Systems plc, CARRE TECHNOLOGIES INC., Fitbit Service, Garmin Ltd., Google LLC, Aliph Brands LLC, Kopin Corporation, LG Electronics, OHMATEX A/S, OMsignal, Nike Inc., Recon Instruments Inc., Rockwell Collins, Samsung Electronics, Seiko Epson Corporation, Sony Corporation and Vuzix Corporation.
This report provides a deep insight into the global wearable electronics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the wearable electronics market in any manner.
Key Questions Answered in This Report:
What was the size of the global wearable electronics market in 2022?
What is the expected growth rate of the global wearable electronics market during 2023-2028?
What has been the impact of COVID-19 on the global wearable electronics market?
What are the key factors driving the global wearable electronics market?
What is the breakup of the global wearable electronics market based on the product?
What is the breakup of the global wearable electronics market based on the application?
What are the key regions in the global wearable electronics market?
Who are the key players/companies in the global wearable electronics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Wearable Electronics Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Component
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
5.8.1 Volume Trends
5.8.2 Value Trends
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Overview
5.10.2 Research and Development
5.10.3 Raw Material Procurement
5.10.4 Manufacturing
5.10.5 Marketing
5.10.6 Distribution
5.10.7 End-Use
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Price Analysis
6 Market Breakup by Product
6.1 Smart Bands
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Smart Watches
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Smart Clothing
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Smart Glasses
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Head Mounted Displays (HMD)
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Component
7.1 Networking and Positioning Components
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Power Supply Components
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Sensing Components
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Optoelectronic and Display Components
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Control Components
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Interface Components
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Application
8.1 Healthcare Applications
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Consumer Applications
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Sports and Fitness Applications
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Industrial and Commercial Applications
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 Wearable Electronics Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 NuMetrex Adidas
11.3.2 Apple Inc.
11.3.3 BAE Systems plc
11.3.4 CARRE TECHNOLOGIES INC.
11.3.5 Fitbit Service
11.3.6 Garmin Ltd.
11.3.7 Google LLC
11.3.8 Aliph Brands LLC
11.3.9 Kopin Corporation
11.3.10 LG Electronics
11.3.11 OHMATEX A/S
11.3.12 OMsignal
11.3.13 Nike, Inc.
11.3.14 Recon Instruments Inc.
11.3.15 Rockwell Collins
11.3.16 Samsung Electronics
11.3.17 Seiko Epson Corporation
11.3.18 Sony Corporation
11.3.19 Vuzix Corporation
Figure 1: Global: Wearable Electronics Market: Major Drivers and Challenges
Figure 2: Global: Wearable Electronics Market: Sales Volume (in Million Units), 2017-2022
Figure 3: Global: Wearable Electronics Market: Sales Value (in Billion US$), 2017-2022
Figure 4: Global: Wearable Electronics Market: Breakup by Product (in %), 2022
Figure 5: Global: Wearable Electronics Market: Breakup by Component (in %), 2022
Figure 6: Global: Wearable Electronics Market: Breakup by Application (in %), 2022
Figure 7: Global: Wearable Electronics Market: Breakup by Region (in %), 2022
Figure 8: Global: Wearable Electronics Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 9: Global: Wearable Electronics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Wearable Electronics Industry: SWOT Analysis
Figure 11: Global: Wearable Electronics Industry: Value Chain Analysis
Figure 12: Global: Wearable Electronics Industry: Porter's Five Forces Analysis
Figure 13: Global: Wearable Electronics (Smart Bands) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Wearable Electronics (Smart Bands) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Wearable Electronics (Smart Watches) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Wearable Electronics (Smart Watches) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Wearable Electronics (Smart Clothing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Wearable Electronics (Smart Clothing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Wearable Electronics (Smart Glasses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Wearable Electronics (Smart Glasses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Wearable Electronics (Head Mounted Displays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Wearable Electronics (Head Mounted Displays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Wearable Electronics (Networking and Positioning Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Wearable Electronics (Networking and Positioning Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Wearable Electronics (Power Supply Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Wearable Electronics (Power Supply Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Wearable Electronics (Sensing Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Wearable Electronics (Sensing Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Wearable Electronics (Optoelectronic and Display Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Wearable Electronics (Optoelectronic and Display Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Wearable Electronics (Control Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Wearable Electronics (Control Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Wearable Electronics (Interface Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Wearable Electronics (Interface Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Wearable Electronics (Healthcare Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Wearable Electronics (Healthcare Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Wearable Electronics (Consumer Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Wearable Electronics (Consumer Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Wearable Electronics (Sports and Fitness Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Wearable Electronics (Sports and Fitness Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Wearable Electronics (Industrial and Commercial Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Wearable Electronics (Industrial and Commercial Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Wearable Electronics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Wearable Electronics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: North America: Wearable Electronics Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: North America: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Wearable Electronics Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia Pacific: Wearable Electronics Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia Pacific: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Middle East and Africa: Wearable Electronics Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Middle East and Africa: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Latin America: Wearable Electronics Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Latin America: Wearable Electronics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Wearable Electronics Manufacturing: Detailed Process Flow
?
Table 1: Global: Wearable Electronics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Wearable Electronics Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Wearable Electronics Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Wearable Electronics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Wearable Electronics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Wearable Electronics: Raw Material Requirements
Table 7: Global: Wearable Electronics Market: Competitive Structure
Table 8: Global: Wearable Electronics Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security