Global Wearable Electronics Market 2019-2023

Global Wearable Electronics Market 2019-2023

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. Technavio’s 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.


Press Release

Technavio Announces the Publication of its Research Report – Global Wearable Electronics Market 2019-2023

Technavio recognizes the following companies as the key players in the global wearable electronics market: Apple Inc., Fitbit, Inc., Garmin Ltd., SAMSUNG ELECTRONICS CO., LTD., and Xiaomi.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the focus on the development of low-power electronics.”

According to the report, one of the major drivers for this market is the development of miniaturized electronic components.

Further, the report states that one of the major factors hindering the growth of this market is the growing market for counterfeit products.

Companies Mentioned

Apple Inc.
Fitbit, Inc.
Garmin Ltd.
SAMSUNG ELECTRONICS CO., LTD.
Xiaomi

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electronics market
      • Table Segments of global electronics market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • 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 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Smartwatches - Market size and forecast 2018-2023
      • Table Smartwatches - Market size and forecast 2018-2023 ($ millions)
      • Table Low-cost smartwatch offering
      • Table Smartwatches - Year-over-year growth 2019-2023 (%)
    • Wireless headphones - Market size and forecast 2018-2023
      • Table Wireless headphones - Market size and forecast 2018-2023 ($ millions)
      • Table Wireless headphones - Year-over-year growth 2019-2023 (%)
    • HMDs - Market size and forecast 2018-2023
      • Table HMDs - Market size and forecast 2018-2023 ($ millions)
      • Table HMDs - Year-over-year growth 2019-2023 (%)
    • Smart bands - Market size and forecast 2018-2023
      • Table Smart bands - Market size and forecast 2018-2023 ($ millions)
      • Table Smart bands - Year-over-year growth 2019-2023 (%)
    • Smart clothing - Market size and forecast 2018-2023
      • Table Smart clothing - Market size and forecast 2018-2023 ($ millions)
      • Table Smart clothing - Year-over-year growth 2019-2023 (%)
    • Smart glasses - Market size and forecast 2018-2023
      • Table Smart glasses - Market size and forecast 2018-2023 ($ millions)
      • Table Smart glasses - Year-over-year growth 2019-2023 (%)
    • Smart rings - Market size and forecast 2018-2023
      • Table Smart rings - Market size and forecast 2018-2023 ($ millions)
      • Table Smart ring
      • Table Smart rings - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Focus on the development of low-power electronics
    • Growing number of partnerships and M&A activities
    • Emergence of hybrid smartwatch market
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Apple Inc.
      • Table Apple Inc. - Vendor overview
      • Table Apple Inc. - Organizational developments
      • Table Apple Inc. - Geographic focus
      • Table Apple Inc. - Segment focus
      • Table Apple Inc. - Key offerings
    • Fitbit, Inc.
      • Table Fitbit, Inc. - Vendor overview
      • Table Fitbit, Inc. - Organizational developments
      • Table Fitbit, Inc. - Geographic focus
      • Table Fitbit, Inc. - Key offerings
    • Garmin Ltd.
      • Table Garmin Ltd. - Vendor overview
      • Table Garmin Ltd. - Business segments
      • Table Garmin Ltd. - Organizational developments
      • Table Garmin Ltd. - Geographic focus
      • Table Garmin Ltd. - Segment focus
      • Table Garmin Ltd. - Key offerings
    • SAMSUNG ELECTRONICS CO., LTD.
      • Table SAMSUNG ELECTRONICS CO., LTD. - Vendor overview
      • Table SAMSUNG ELECTRONICS CO., LTD. - Business segments
      • Table SAMSUNG ELECTRONICS CO., LTD. - Organizational developments
      • Table SAMSUNG ELECTRONICS CO., LTD. - Geographic focus
      • Table SAMSUNG ELECTRONICS CO., LTD. - Segment focus
      • Table SAMSUNG ELECTRONICS CO., LTD. - Key offerings
    • Xiaomi
      • Table Xiaomi - Vendor overview
      • Table Xiaomi - Business segments
      • Table Xiaomi - Organizational developments
      • Table Xiaomi - Geographic focus
      • Table Xiaomi - Segment focus
      • Table Xiaomi - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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