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Wearable Computing Devices Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 136
  • SKU: IRTNTR73235
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The wearable computing devices market share is expected to increase by USD 49.88 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.93%.

This wearable computing devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wearable computing devices market segmentation by product (smartwatches, fitness trackers, smart glasses, head-mounted displays, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The wearable computing devices market report also offers information on several market vendors, including Apple Inc., AiQ Smart Clothing Inc., Alphabet Inc., Cyberdyne Inc., Ekso Bionics Holdings Inc., Fossil Group Inc., Garmin Ltd., Huawei technologies Co. Ltd., LG Electronics Inc., Medtronic Plc, Microsoft Corp., Nokia Corp., Nuheara Ltd., OMRON Corp., Samsung Electronics Co. Ltd., Sensoria Inc., Sony Group Corp., Transcend Information Inc., Xiaomi Corp., and ZEPP HEALTH CORP among others.

What will the Wearable Computing Devices Market Size be During the Forecast Period?

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Wearable Computing Devices Market: Key Drivers, Trends, and Challenges

The increasing technological advancements is notably driving the wearable computing devices market growth, although factors such as high cost of wearable devices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wearable computing devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wearable Computing Devices Market Driver

One of the key factors driving the global wearable computing devices market growth is the increasing technological advancements. Because of the increasing number of technological advances by various major vendors, wearable technology is quickly evolving into a prominent technology segment. Innovations have given the hearable devices a significant boost. Nuheara Ltd., for instance, released the IQbuds MAX advanced hearing buds in January 2020, which have hybrid active noise cancellation and unique capabilities to personalize and enhance the wearer's soundscape. With the advent of AR and virtual reality (VR) applications, head-up displays, which have significant applications in the defense and military sectors, are increasingly extending to the consumer and enterprise segments. Such factors will drive the market growth during the forecast period.

Key Wearable Computing Devices Market Trend

Increase in health awareness and new product launches is one of the key wearable computing devices market trends that is expected to impact the industry positively in the forecast period. For instance, the Apple Watch, developed by Apple Inc. and operated with Watch OS, comes with FDA-cleared electrocardiogram features. The Apple Watch Series 7 features a new S6 processor that is up to 20% faster than its predecessor, a brighter always-on display, a blood oxygen app, an always-on altimeter, and new health sensors. Furthermore, according to a survey conducted by HIMSS and AT and T, 47% of hospitals deliver wearables to patients with chronic conditions, and 47% conduct remote monitoring via in-home medical devices and smartphone apps. Such factors will further support the market growth in the coming years.

Key Wearable Computing Devices Market Challenge

One of the key challenges to the global wearable computing devices market growth is the high cost of wearable devices and short battery life. While having a device that needs to be charged every 8 to 12 hours may seem natural, they become less attractive when that requirement is imposed on wearables. If the market wants to see wearables take off, it must solve the problem of limited battery life. On the other hand, batteries can be rather heavy and huge, especially if they should last a long time. Smaller batteries require more frequent charging. However, that should not happen every few hours when it comes to wearables. This is especially true for wearable gadgets that provide a critical function, such as medical devices. Thus, limited battery backup may hinder the market growth during the forecast period.

This wearable computing devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global wearable computing devices market as a part of the global consumer electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wearable computing devices market during the forecast period.

Who are the Major Wearable Computing Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Apple Inc.
  • AiQ Smart Clothing Inc.
  • Alphabet Inc.
  • Cyberdyne Inc.
  • Ekso Bionics Holdings Inc.
  • Fossil Group Inc.
  • Garmin Ltd.
  • Huawei technologies Co. Ltd.
  • LG Electronics Inc.
  • Medtronic Plc
  • Microsoft Corp.
  • Nokia Corp.
  • Nuheara Ltd.
  • OMRON Corp.
  • Samsung Electronics Co. Ltd.
  • Sensoria Inc.
  • Sony Group Corp.
  • Transcend Information Inc.
  • Xiaomi Corp.
  • ZEPP HEALTH CORP

 

This statistical study of the wearable computing devices market encompasses successful business strategies deployed by the key vendors. The wearable computing devices market is fragmented and the vendors are deploying growth strategies such as product innovations to compete in the market.

Product Insights and News

  • Apple Inc. - The company offers Wearable computing devices such as watch series 7, watch SE, and watch series 3. 
  • Apple Inc. - In January 2021, the company announced that Monica Lozano, president and CEO of College Futures Foundation, has been elected to the board of directors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wearable computing devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Wearable Computing Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wearable computing devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Wearable Computing Devices Market?

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32% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for wearable computing devices in North America. Market growth in this region will be faster than the growth of the market in South America.

The rise in disposable income and the increased adoption and desire for new technological gadgets will facilitate the wearable computing devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 The COVID-19 pandemic in 2020 certainly had a negative impact on the wearable computing devices market in North America, which resulted in the temporary closure of various industries, including those manufacturing wearable computing devices. However, in 2021, the demand for these products rebounded at units manufacturing wearable computing devices due to the reduction in infection rates owing to the COVID-19 vaccination drives. These factors will drive the growth of the regional wearable computing devices market during the forecast period.

What are the Revenue-generating Product Segments in the Wearable Computing Devices Market?

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The wearable computing devices market share growth by the smartwatch segment will be significant during the forecast period. The growth is attributed to the rapid urbanization, technology proliferation, health- and fitness-conscious population, rising smartphone use, rising luxury standards, and rising disposable income.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wearable computing devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Wearable Computing Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.93%

Market growth 2022-2026

$ 49.88 billion

Market structure

Fragmented

YoY growth (%)

15.11

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, China, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Apple Inc., AiQ Smart Clothing Inc., Alphabet Inc., Cyberdyne Inc., Ekso Bionics Holdings Inc., Fossil Group Inc., Garmin Ltd., Huawei technologies Co. Ltd., LG Electronics Inc., Medtronic Plc, Microsoft Corp., Nokia Corp., Nuheara Ltd., OMRON Corp., Samsung Electronics Co. Ltd., Sensoria Inc., Sony Group Corp., Transcend Information Inc., Xiaomi Corp., and ZEPP HEALTH CORP

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Wearable Computing Devices Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wearable computing devices market growth during the next five years
  • Precise estimation of the wearable computing devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wearable computing devices industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wearable computing devices market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Smart watches - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Smart watches - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Smart watches - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Smart watches - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Smart watches - Year-over-year growth 2021-2026 (%)
    • 5.4 Fitness trackers - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Fitness trackers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Fitness trackers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Fitness trackers - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Fitness trackers - Year-over-year growth 2021-2026 (%)
    • 5.5 Smart glasses - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Smart glasses - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Smart glasses - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Smart glasses - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Smart glasses - Year-over-year growth 2021-2026 (%)
    • 5.6 Head mounted displays - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Head mounted displays - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Head mounted displays - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Head mounted displays - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Head mounted displays - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 48: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Apple Inc.
              • Exhibit 101: Apple Inc. - Overview
              • Exhibit 102: Apple Inc. - Business segments
              • Exhibit 103: Apple Inc. - Key news
              • Exhibit 104: Apple Inc. - Key offerings
              • Exhibit 105: Apple Inc. - Segment focus
            • 10.4 Alphabet Inc.
              • Exhibit 106: Alphabet Inc. - Overview
              • Exhibit 107: Alphabet Inc. - Business segments
              • Exhibit 108: Alphabet Inc. - Key news
              • Exhibit 109: Alphabet Inc. - Key offerings
              • Exhibit 110: Alphabet Inc. - Segment focus
            • 10.5 Fossil Group Inc.
              • Exhibit 111: Fossil Group Inc. - Overview
              • Exhibit 112: Fossil Group Inc. - Business segments
              • Exhibit 113: Fossil Group Inc. - Key offerings
              • Exhibit 114: Fossil Group Inc. - Segment focus
            • 10.6 Garmin Ltd.
              • Exhibit 115: Garmin Ltd. - Overview
              • Exhibit 116: Garmin Ltd. - Business segments
              • Exhibit 117: Garmin Ltd. - Key offerings
              • Exhibit 118: Garmin Ltd. - Segment focus
            • 10.7 Huawei technologies Co. Ltd.
              • Exhibit 119: Huawei technologies Co. Ltd. - Overview
              • Exhibit 120: Huawei technologies Co. Ltd. - Business segments
              • Exhibit 121: Huawei technologies Co. Ltd. - Key offerings
              • Exhibit 122: Huawei technologies Co. Ltd. - Segment focus
            • 10.8 Microsoft Corp.
              • Exhibit 123: Microsoft Corp. - Overview
              • Exhibit 124: Microsoft Corp. - Business segments
              • Exhibit 125: Microsoft Corp. - Key news
              • Exhibit 126: Microsoft Corp. - Key offerings
              • Exhibit 127: Microsoft Corp. - Segment focus
            • 10.9 Nuheara Ltd.
              • Exhibit 128: Nuheara Ltd. - Overview
              • Exhibit 129: Nuheara Ltd. - Product / Service
              • Exhibit 130: Nuheara Ltd. - Key offerings
            • 10.10 OMRON Corp.
              • Exhibit 131: OMRON Corp. - Overview
              • Exhibit 132: OMRON Corp. - Business segments
              • Exhibit 133: OMRON Corp. - Key news
              • Exhibit 134: OMRON Corp. - Key offerings
              • Exhibit 135: OMRON Corp. - Segment focus
            • 10.11 Samsung Electronics Co. Ltd.
              • Exhibit 136: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 137: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 138: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 139: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 140: Samsung Electronics Co. Ltd. - Segment focus
            • 10.12 Sony Group Corp.
              • Exhibit 141: Sony Group Corp. - Overview
              • Exhibit 142: Sony Group Corp. - Business segments
              • Exhibit 143: Sony Group Corp. - Key news
              • Exhibit 144: Sony Group Corp. - Key offerings
              • Exhibit 145: Sony Group Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 146: Inclusions checklist
                • Exhibit 147: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 148: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 149: Research methodology
                • Exhibit 150: Validation techniques employed for market sizing
                • Exhibit 151: Information sources
              • 11.5 List of abbreviations
                • Exhibit 152: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The wearable computing devices market growth will increase by $49883.55 million during 2022-2026.
              The wearable computing devices market is expected to grow at a CAGR of 15.93% during 2022-2026.
              Technavio has segmented the wearable computing devices market by product (Smart watches, Fitness trackers, Smart glasses, and Head mounted displays) and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
              Apple Inc., AiQ Smart Clothing Inc., Alphabet Inc., Cyberdyne Inc., Ekso Bionics Holdings Inc., Fossil Group Inc., Garmin Ltd., Huawei technologies Co. Ltd., LG Electronics Inc., Medtronic Plc, Microsoft Corp., Nokia Corp., Nuheara Ltd., OMRON Corp., Samsung Electronics Co. Ltd., Sensoria Inc., Sony Group Corp., Transcend Information Inc., Xiaomi Corp., ZEPP HEALTH CORP are a few of the key vendors in the wearable computing devices market.
              North America will register the highest growth rate of 32.18% among the other regions. Therefore, the wearable computing devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the wearable computing devices market growth are:
              • Increasing technological advancements
              • Increase in health awareness among the consumers
              The wearable computing devices market vendors should focus on grabbing business opportunities from the smart watches segment as it accounted for the largest market share in the base year.
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