According to Publisher, the Global Wearable Computing market is accounted for $17.59 billion in 2017 and is expected to reach $115.58 billion by 2026 growing at a CAGR of 23.2% during the forecast period. Increasing hub towards communication, networking & recognition technologies for wearable’s, rising popularity of internet of things and growing adoption of smart watches and wristbands are key factors fueling the market growth. However, factors such as power consumption, limited battery life and high cost & safety issues are hampering the market growth.
Wearable computing is the technology embedded in wearable accessories such as a watch, wristband to work as small electronic gadgets and facilitate ease in accessing technology. It is widely used for media and healthcare purpose. It provides various computational supports such as gyroscopes and accelerometers, which are becoming the key attraction for the consumer to fuel the demand for wearable devices. More than trendy accessories, these devices are gaining popularity owing to smart and advanced features such as easy synchronization, and high portability.
Amongst application, infotainment segmented held considerable market share due to increasing adoption of wearable devices such as smart watches and augmented devices. By Geography, North America dominated the global market which can be attributed to rising incidence of chronic diseases such as obesity, diabetic, heart disease, and arthritis. Thus, increasing concern amongst people regarding chronic diseases has increased acceptance of wearable computer devices.
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Some of the key players profiled in the Wearable Computing market include GE Healthcare, Medtronic Inc, Apple Inc., Zephyr Technology Corporation, Sony Corporation, Samsung Electronics Co., Ltd, Pebble Technology, Corporation, Nike, Inc., Motorola Mobility Holdings Inc, LG Electronics, Inc., Jawbone, Boston Scientific Corporation, Fitbit Inc., Adidas AG, Garmin, Ltd., Silicon Micro Display and CSR plc., AiQ Smart Clothing Inc, Carl Zeiss Inc,, Invensense Inc and Textronics.
-Medical and Healthcare
-Enterprise and Industrial
-Fitness and Wellness
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