Infinium Global Research Wearable Electronic Devices Market | Page 2

A latest report has been added to the wide database of Wearable Electronic Devices Market by Infinium Global Research. This
report studies the Wearable Electronic Devices Market by type (smart watch, head-mounted display, wearable camera,
wristband, bluetooth headset, smart clothing, and chest strap), application (infotainment, fitness and wellness, military and
industrial, healthcare) market status and outlook of global and major regions, from manufacturers, and end industries. The
objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values
for the next six years. Wearable Electronic Devices Market provides opportunities in micro markets for stakeholders to invest
along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the
Wearable Electronic Devices Market. 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.
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.
Geographically, North America is the leading contributor to the market and is expected to retain its position during the
forecast period due to high awareness, better product availability, well connected distribution network and large base of
population with greater affordability to purchase and use wearable devices.
Infinium Global Research