Market Research Logo

Global Wearable Electronics Market 2018-2022

Global Wearable Electronics Market 2018-2022

About Wearable Electronics

Wearable electronics are smart electronic devices that can be connected to the internet and be worn on the body as accessories. These devices are a key segment of loT devices, and they can exchange data through internet with the user and other connected devices. loT overall is a network of physical objects interconnected through various network technologies. The objects part of this network can communicate among themselves and with external environment when required. Wearable electronics include smart watches, smart bands, smart rings, smart glasses, head-mounted displays (HMDs), and smart clothing. Wearable devices offer benefits like optimized decision-making, ease of handling emergencies, cost cutting, enhanced quality of living, remote control access, healthy lifestyle, time management, commercial benefit, and better safety. Technavio believes that this market will witness significant growth during the forecast period.

Technavio’s analysts forecast the global wearable electronics market to grow at a CAGR of 23.30% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global wearable electronics market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of wearable electronics.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wearable Electronics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apple
  • Samsung
  • Fitbit
  • Xiaomi
  • ODG
Other prominent vendors
  • ASUSTek Computer
  • Garmin
  • Huawei Technologies
  • LG Electronics
  • Motorola Mobility
  • Omate
  • Polar Electro
  • Pebble Technology
  • Sony
  • Lenovo
  • LG
  • Razer
  • BAE Systems
  • Cinoptics
  • Elbit Systems
  • EPSON
  • HTC
  • Kopin
  • Rockwell Collins
  • Sensics
  • Thales Group
  • Trivisio Prototyping
  • Vuzix,
  • AiQ Smart Clothing
  • Sensoria
  • Athos
  • DAQRI
  • Google
  • Laster Technologies
  • Meta
  • Microsoft
  • Jakcom Technology
  • Kerv Wearables
  • Logbar
  • Mota
  • NFC Ring
  • Nimb
  • Oura,
  • Ringly.
Market driver
  • Growing awareness of wearable devices
  • For a full, detailed list, view our report
Market trend
  • Growing crowdfunding campaigns
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Wearable Electronics Market 2018-2022

Technavio recognizes the following companies as the key players in the global wearable electronics market: Apple, Samsung, Fitbit, Xiaomi, and ODG.

Other Prominent Vendors in the market are: ASUSTek Computer, Garmin, Huawei Technologies, LG Electronics, Motorola Mobility, Omate, Polar Electro, Pebble Technology, Sony, Lenovo, LG, Razer, BAE Systems, Cinoptics, Elbit Systems, EPSON, HTC, Kopin, Rockwell Collins, Sensics, Thales Group, Trivisio Prototyping, Vuzix, AiQ Smart Clothing, Sensoria, Athos, DAQRI, Google, Laster Technologies, Meta, Microsoft, Jakcom Technology, Kerv Wearables, Logbar, Mota, NFC Ring, Nimb, Oura, and Ringly.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing crowdfunding campaigns. There are several vendors in the wearable electronics market. Few of the prominent vendors are startups. These companies were backed by several venture capitalists. There is high support in terms of investments through crowdfunding platforms such as Indiegogo, GoFundMe, and Kickstarter. Multiple vendors in the wearable electronics market have adopted crowdfunding to raise funds for their projects. This also helped increase awareness among potential customers and provided many opportunities to small vendors to innovate and succeed in stiff competition. It allows vendors to know customer interest in their products and directly communicate with potential buyers to involve them in product development stage, which helps them develop right products for the market.”

According to the report, one of the major drivers for this market is growing awareness of wearable devices. The wearable electronics market in APAC is expanding due to the proliferation of low-cost smart bands in this region and a decline in their ASP. Increasing disposable income and internet penetration are encouraging wearable device vendors to tap the growth potential of the market in the region. Vendors are focusing on developing countries to expand their revenue and market base. The ASP of these devices is expected to decline during the forecast period, making them attractive for price-sensitive consumers. Multiple vendors have adopted online and offline channels to enter APAC.

Companies Mentioned

Apple, Samsung, Fitbit, Xiaomi, and ODG.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table global IoT devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market terminologies
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global – Market size and forecast 2017-2022 ($ bn)
      • Table Global – Year-over-year growth 2018-2022 (%)
      • Table Global wearable electronics market size 2017-2022
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product – Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Smart watches – Market size and forecast 2017- 2022
      • Table Smart watches – Market size and forecast 2017-2022 ($ mn)
      • Table Smartwatches – Year-over-year growth 2018-2022 (%)
      • Table Smart watches: Market size 2017-2022
    • Smart bands – Market size and forecast 2017- 2022
      • Table Smart bands – Market size and forecast 2017-2022 ($ mn)
      • Table Smart band – Year-over-year growth 2018-2022 (%)
      • Table Smart bands: Market size 2017-2022
    • HMDs – Market size and forecast 2017-2022
      • Table HMDs – Market size and forecast 2017-2022 ($ mn)
      • Table HMDs – Year-over-year growth 2018-2022 (%)
      • Table Major applications of HMDs in military and defense sector
      • Table HMDs: Market size 2017-2022
    • Smart clothing – Market size and forecast 2017- 2022
      • Table Smart clothing – Market size and forecast 2017-2022 ($ mn)
      • Table Smart clothing – Year-over-year growth 2018-2022 (%)
      • Table Smart clothing: Market size 2017-2022
    • Smart glasses – Market size and forecast 2017- 2022
      • Table Smart glasses – Market size and forecast 2017-2022 ($ mn)
      • Table Smart glasses – Year-over-year growth 2018-2022 (%)
      • Table Price of smart glasses offered by various vendors
      • Table Smart glasses: Market size 2017-2022
    • Smart rings – Market size and forecast 2017-2022
      • Table Smart rings – Market size and forecast 2017-2022 ($ mn)
      • Table Smart rings – Year-over-year growth 2018-2022 (%)
      • Table Smart ring: Market size 2017-2022
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by end-user
    • Segmentation by end-user
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ bn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
      • Table Top three countries in Americas
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ bn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
      • Table Top three countries in APAC
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ bn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
      • Table Top three countries in EMEA
    • Market opportunity
      • Table Market opportunity
    • Key leading countries
      • Table Key leading countries
  • Decision framework
  • Drivers and Challenges
    • Market drivers
      • Table Activity monitoring device owners by age in US 2016
      • Table Advantages of using or being connected to IoT network
    • Market challenges
  • Market trends
    • Growing crowdfunding campaigns
    • Integration of haptic technology in smart watches
    • Growing developer interest in AR and VR apps
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
      • Table Other prominent vendors
      • Table Smart bands: Competitive scenario in 2017
      • Table Other prominent vendors
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Apple
      • Table Vendor overview
      • Table Apple – Product segments
      • Table Apple – Organizational developments
      • Table Apple – Geographic focus
      • Table Apple – Segment focus
      • Table Apple – Key offerings
    • SAMSUNG
      • Table Vendor overview
      • Table SAMSUNG – Business segments
      • Table SAMSUNG – Organizational developments
      • Table SAMSUNG – Geographic focus
      • Table SAMSUNG – Segment focus
      • Table SAMSUNG – Key offerings
    • Fitbit
      • Table Vendor overview
      • Table Fitbit – Product segments
      • Table Fitbit – Organizational developments
      • Table Fitbit – Geographic focus
      • Table Fitbit – Segment focus
      • Table Fitbit – Key offerings
    • Xiaomi
      • Table Vendor overview
      • Table Xiaomi – Business segments
      • Table Xiaomi – Organizational developments
      • Table Xiaomi – Geographic focus
      • Table Xiaomi – Segment focus
      • Table Xiaomi – Key offerings
    • ODG
      • Table Vendor overview
      • Table ODG – Organizational developments
      • Table ODG – Geographic focus
      • Table ODG – Segment focus
      • Table ODG – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report