Development of the wearable computer market, key opportunities

Wearable Computing Market

Wearable Computers Market Forecast Up to 2028 – Impact of COVID-19 and Global Analysis by Technology (Information Technologies, Display Technologies, Network Technologies, Other); Product (Smart Clothing, Smart Watches & Straps, Smart Glasses, Other); Vertical Industry (Defense and Security, Home Automation, Medicine and Healthcare, Business and Industry, Fitness and Wellness, Media and Entertainment, Other) and Geography “

Wearable computing is technology rooted in wearable accessories such as a bracelet, watch to function as miniature electronic gadgets and facilitate access to technology. It is widely used for health and media purposes. More than fashion accessories, these devices are gaining popularity by switching to smart and advanced features like easy high portability and easy synchronization.

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Companies profiled in this report include: Adidas AG, Apple Inc., Boston Scientific Corporation, Fitbit Inc., Garmin Ltd., LG Electronics Inc. (LG Corporation), Google, Nike Inc., Samsung, Sony Corporation

MARKET SEGMENTATION

Based on technology, the global wearable computing market is segmented into technology computing technologies, display technologies, networking technologies, and more.

Based on the product, the market is segmented into smart clothing, smart watches and straps, smart glasses and others.

Based on the vertical sector, the market is segmented into defense and security, home automation, medicine and healthcare, business and industry, fitness and wellness, media and entertainment, and more.

MARKET DYNAMICS

driver:

The growing adoption of wearable gadgets such as smartwatch, smart clothing, wearable camera and activity monitoring device with advanced features such as light weight, data tracking and improved portability are the factors driving the growth of the global wearable computing market.

The growing penchant for smart wearable gadgets offers ample profitable opportunities for the global wearable device market.

Restrictions

High costs and reduced backup battery are holding back the extension to the wearable computer market.

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IMPACT OF COVID-19 ON THE WEARABLE COMPUTER MARKET

COVID-19 first started in Wuhan (China) in December 2019 and has since spread rapidly around the world. The United States, India, Brazil, Russia, France, the United Kingdom, Turkey, Italy and Spain are some of the most affected countries in terms of confirmed cases and reported deaths. COVID-19 has affected economies and industries in various countries due to blockades, travel bans and business closures. The closure of various plants and factories impacted global supply chains and negatively impacted production, delivery schedules and product sales in the global market. Few companies have already announced possible delays in product deliveries and a decline in future sales of their products. In addition to this, global travel bans imposed by countries in Europe, Asia Pacific and North America are impacting opportunities for business collaborations and partnerships.

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Who we are:

The Insight Partners is a single provider of actionable intelligence research. We help our clients find solutions to their research needs through our syndicated research and consulting services. We specialize in industries such as semiconductors and electronics, aerospace and defense, automotive and transportation, biotechnology, health informatics, manufacturing and construction, medical devices, technology, media and telecommunications, chemicals and materials.

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