Wrist Wearable Devices Market to Reach $35 billion by 2020 Wrist Wearable Devices Market | Page 20

Major growth in wrist wearable device market is projected from xx and xx segment due to growing
health concerns leading to increased demand for these devices. xx segment is projected to be
the biggest market through 2020. xx is projected to exhibit significant growth to reach $xx
billion by 2020 with the highest volume growth forecast for this segment. The growing numbers
of applications, technological advancements as well as growing awareness in APAC region
regarding this market are the major drivers in the wrist wearable device market.

FIGURE2. GLOBAL WRIST WEARABLE DEVICES MARKET, 2014
AND 2020 ($M)

xx
$Million

xx
xx
xx
xx
xx

2014

2020

Source: IndustryARC Analysis, Expert Insights
xx is the biggest market for Wrist wearable devices, accounting for xx % of the market in 2014. xx
account for 0.2% of the market but are estimated to be the fastest growing segment. The growth
of the xx bands market is due to increased demand and growing functionalities offered by these
devices.
xx is the largest market for Wrist Wearable systems followed by xx The lower growth of these
devices when compared with xx is due to smaller untapped market in these regions when
compared with xxmarket. The continued effects of recession in xx are projected to be a
hindrance for wrist wearable device growth in Europe. xx

region is the fastest growing

market and is forecast to outgrow xx by 2019. The high growth in this region is due to
growing awareness and improved economic conditions leading to increased demand for
wrist wearable devices.