Wednesday 5 March 2014
Labels:
Wearable Technology Market
,
Wearable Technology Market Share
,
Wearable Technology Market Size
Wearable technology market segmentation
Wearable Technology Market - Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2012 - 2018
Posted by
Vaibhav Mondhe
at
00:03
According
to a new market report published by Transparency Market Research "Wearable Technology
Market - Global Scenario, Trends, Industry Analysis, Size, Share and
Forecast, 2012- 2018" the global wearable technology market stood
at USD 750.0 million in 2012 and is expected to reach USD 5.8 billion in 2018,
at a CAGR of 40.8% from 2012 to 2018. North America is expected to maintain its
lead position at 43.0% of the global wearable technology revenue share in 2018
followed by Europe.
Browse the full report with
TOC: http://www.transparencymarketresearch.com/wearable-technology.html
Wearable
technology market is in early stage of evolution with growing adoption in
various end-use segments such as fitness and wellness, healthcare and medical,
industrial and military and infotainment sectors. Wearable fitness and wellness
products include smart clothing, activity monitors, sleep sensors and others;
whereas the infotainment segment includes smart watches, smart glasses and
heads-up displays among others. On the other hand, products like continuous
glucose monitors (CGM), drug delivery, and wearable patches are being
predominantly used in healthcare and medical sector. Hand worn terminals,
heads-up displays and other such products are being used in the industrial and
military settings.
Among
all the wearable technology end use segments, the healthcare and medical
segment held the largest revenue share followed by fitness and wellness in
2012. However, in 2018, the infotainment segment is expected to surpass the
fitness and wellness segment driven by robust growth of smart watches and smart
glasses. The healthcare and medical segment accounted for about 35.1% of the
overall wearable technology market in 2012 primarily due to the rising aging
population and increase in diabetic population.
Wearable
technology is driven by factors like compactness, portability and easy use
along with the multi-functionality and increasing applications of these
products in various sectors. The increasing adoption of such technically
advanced products among youth coupled with increasing demand for real time and
actionable data will also fuel the growth of the wearable technology market.
However, factors including high price and lack of consumer awareness are
expected to hinder the market growth.
North
America led the wearable technology market growth with high adoption rate and
better consumer awareness in the region. The North America region contributed
over 2/5th of the global wearable technology market revenue and will consolidate
its lead position during the forecast period. Europe and Asia Pacific region
will collectively account for about 49% of the market revenue by 2018.
The
study presents a comprehensive assessment of the stakeholder strategies,
winning imperatives for them by segmenting the global wearable technology
market as below:
Wearable technology market segmentation
- Fitness and Wellness
- Smart clothing and smart sports glasses
- Activity monitors
- Sleep sensors
- Others
- Infotainment
- Smart watches
- Augmented reality headsets
- Smart glasses
- Others
- Healthcare and Medical
- Continuous Glucose Monitor
- Drug delivery
- Monitors
- Wearable patches
- Others
- Industrial and Military
- Hand worn terminals
- Augmented reality headsets
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW).
Subscribe to:
Post Comments
(
Atom
)
No comments :
Post a Comment
Note: only a member of this blog may post a comment.