Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
About this market
The development of miniaturized electronic components is one of the key factors expected to trigger the market growth in the forthcoming years. The sleek and small design and the high operational efficiency are the prominent purchasing criteria for wearable electronic devices. The development of MEMs technology has helped the vendors in the market integrate more features into a device. analysts have predicted that the wearable electronics market will register a CAGR of over 15% by 2023.
Market Overview
Growing preference for wearable electronic devices for payment
With the growing preference for contactless payment through wearables devices and the rapid adoption of contactless payment terminals across the globe, the market is expected to grow during the forecast period.
The growing market for counterfeit products
The growth of the counterfeit wearable electronic devices market decreases the sales, reliability, and brand value of the original products. This is expected to limit the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the wearable electronics market during 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately concentrated with the presence of a few market players. Vendors are increasingly adopting low-power-consumption components, from processors to new IMUs. This will help them to enhance the performance of their wearable electronics. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The development of miniaturized electronic components is one of the key factors expected to trigger the market growth in the forthcoming years. The sleek and small design and the high operational efficiency are the prominent purchasing criteria for wearable electronic devices. The development of MEMs technology has helped the vendors in the market integrate more features into a device. analysts have predicted that the wearable electronics market will register a CAGR of over 15% by 2023.
Market Overview
Growing preference for wearable electronic devices for payment
With the growing preference for contactless payment through wearables devices and the rapid adoption of contactless payment terminals across the globe, the market is expected to grow during the forecast period.
The growing market for counterfeit products
The growth of the counterfeit wearable electronic devices market decreases the sales, reliability, and brand value of the original products. This is expected to limit the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the wearable electronics market during 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately concentrated with the presence of a few market players. Vendors are increasingly adopting low-power-consumption components, from processors to new IMUs. This will help them to enhance the performance of their wearable electronics. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
