Despite attaining unit sales of 42 million and posting volume sales growth of 15%, wearable electronics did not live up to expectations in 2017, as consumers failed to flock to these devices in the droves that many in the industry had anticipated only a couple of years before. Although wearable electronic devices have certainly carved out a solid niche for themselves as useful products for health and fitness enthusiasts, they have so far failed to make much of an impression on the wider consumer base. Beyond the sizeable number of individuals who are looking for a greater amount of feedback regarding their exercise regimes – a function that wearable electronics are singularly well-equipped to perform – most consumers in the US continue to see these devices as superfluous; beyond health and fitness tracking, most wearable electronic devices do not provide any functionality that the average consumer cannot already easily access through their smartphone. It does appear, however, that consumers are increasingly turning to wearable electronics when they wish to replace their traditional watches.
Market Analysis and Insights: Global Wearable Electronic Devices Market
The global Wearable Electronic Devices market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.
Global Wearable Electronic Devices Scope and Segment
The global Wearable Electronic Devices market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Wearable Electronic Devices market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
By the product type, the market is primarily split into
Other Body Wear
By the end users/application, this report covers the following segments
Industrial and Business
Defence and Military
The report provides a list of all the key players in the Wearable Electronic Devices market along with a detailed analysis of the strategies, which the companies are adopting. The strategies mainly include new product Developments, research, and Developments, and also provides revenue shares, company overview, and recent company Developmentss to remain competitive in the market.
The Wearable Electronic Devices key manufacturers in this market include: