Wrist Wearable Devices Market to Reach $35 billion by 2020 Wrist Wearable Devices Market

3 EXECUTIVE SUMMARY The wrist wearable devices refer to a subcategory of wearable devices market that can be worn on the wrist. These devices provide numerous applications and have found increased adoption in recent years. IndustryARC estimates global wrist wearable device market size for 2014 to be around $11.5 billion. Wrist wearable device market is forecast to exhibit a growth rate of 19.2% through 2020 and reach $35.8 billion. The growth of wrist wearable device market can be attributed to the growing applications, as well as technological advancements leading to increased features on these devices. The growing awareness regarding wrist wearable devices is projected to spur the market. Wrist wearable device market has been segmented based on type of product used into activity trackers, healthcare monitors, infotainment devices, lifestyle bands and others. The Infotainment devices segment is forecast to exhibit significant growth due to growing awareness as leading consumer electronics companies enter the market. FIGURE1. GLOBAL WRIST WEARABLE DEVICES MARKET SHARE, BY PRODUCT, 2014 (%) xx xx xx Infotainment Devices Others Source: IndustryARC Analysis, Expert Insights xx is the dominant market with a total market size of $xx billion in 2014. xx are the fastest growing segment with a market size of $xx m in 2014 and estimated to grow at a CAGR of 52.2% through 2020. xx are also projected to exhibit high growth of 34.2% through 2020 to reach $14.4 billion.

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