The report on Wearable Electronic Devices Market by type (smart watch, head-mounted display, wearable
camera, wristband, bluetooth headset, smart clothing, chest strap), application (infotainment, fitness and
wellness, military and industrial, healthcare) trends analysis and forecasts up to 2023 studies the market sizes,
key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the
World. According to the report the Global Wearable Electronic Devices Market is projected to grow at a CAGR
of 24.1% in terms of value over the period of 2017-2023. The growth in the world market is primarily driven by
significant contribution by North America (Leading region) region to this market.
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Wearable devices are evolving as part of a growing trend to move data analysis and communication from the
smartphone directly to the body. Technologists are using a combination of sensors, machine learning, and big
data analysis to provide consumers more data about their bodies and lives than ever before. This emerging
field of products will have a dramatic impact on human computer interaction. The wearable devices market
has several categories of personal devices, all of which are worn or attached to the body. The categories
include smart watches, head-mounted display, wearable cameras, bluetooth headset, wristband, smart
clothing, chest strap, sports watch and others.
Key contributing factors for the growth of this market include increasing consumer preference for
sophisticated devices, growing demand for IOT and connected devices, easy communication convenience, and
significant growth prospects on next-generation displays in wearable devices through innovations. In addition,
the potential for data collection with wearable technology and providing insight into user interaction, ever-
growing number of apps, sleek designs in the areas of aesthetics, and rapid health monitoring with the help of
these devices further expected to drive the market growth. However, there are certain restraining factors
associated with market are expected to hinder the market growth, which includes high cost of devices, design
constraints, high power consumption, data security issues, and usage restrictions.
Infinium Global Research