Wearable computing is the technology embedded in wearable accessories such as a watch, wristband to work as miniature electronic gadgets and facilitate ease in accessing technology. It is widely used for media and healthcare purpose. More than trendy accessories, these devices are gaining popularity owing to smart and advanced features such as easy synchronization, and high portability.
Wearable computing devices provide various computational support such as gyroscopes and accelerometers, which are becoming the key attraction for the consumer to fuel the demand for wearable devices. Further, the advance features of wearable gadgets such as data monitoring, light weight, and enhanced portability are the other drivers piloting the growth of the wearable computing market in forthcoming years.
Apart from serving technological benefits, wearable gadgets are trending these days, due to increasing consumer inclination towards smart gadgets. So consider the same, augmented demand for clubbing material sciences with technology are spurring the demand for the wearable computing market. However, less battery back-up and costly wearable device are coupled together to hinder the growth of the wearable computing market over the forecasted period.
Global Wearable Computing Market can be divided into three segments, based on Product Type, Application, and Region. The major segments of Wearable Computing Market on the basis of the Product Type include: Smart watches, Essential Round Up, Head-Mounted Displays, Smart Jewelry, Implantable; The major segments of Wearable Computing Market on the basis of the Application include: Consumer- Smart Glasses, Wearable Cameras, Smart Clothing, Gaming Devices; Non-Consumer- Fitness And Wellness, Medical And Healthcare, Enterprise And Industrial, Infotainment, Others; The major segments of Wearable Computing Market on the basis of Region include: Asia-Pacific excluding Japan, The Middle East and Africa, Western Europe, North America, Eastern Europe, Latin America, Japan
Increasing awareness about the wearable computing technology and growing inclination towards smart gadgets are coupled together to spur the demand of wearable computing market in North America region. Also, countries such as U.S. followed by Canada are estimated to witness huge opportunistic growth regarding wearable computing technology in the near future. Asia-Pacific region is projected to witness fastest growth rate regarding wearable computing market, owing to continuous innovation and improvement in technology. Countries such as India and China are expected to exhibit positive growth rate during the forecast period.
Some of the prominent players in the Wearable Computing Market includes Adidas AG, Zephyr Technology Corporation, Casio Computer Company Ltd., Jawbone, Fitbit, Inc., Samsung Electronics Co., Ltd. Apple, Inc., Sony Corporation, Motorola Mobility Holdings, Inc, Pebble Technology Corporation, LG Electronics Inc, Garmin Ltd., Contour, Ascension Technology Corporation, GoPro, Siemens Healthcare, NanoSonic, Weartech, Smart Life Technology Co., Ltd.,GE Healthcare, Textronics, Himax Technology, Medtronic Inc., Carl Zeiss Inc, Invensense Inc., AiQ Smart Clothing Inc., Silicon Micro Display and CSR plc.
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