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Huge Investment By Large Number Of Wearable Technology Industry Player Is Expected To Fuel Market Growth Over The Forecast Period
by nareshpatil · June 28 Cheap Danilo Jersey , 2019


San Francisco, 28 June 2019鈥娾€斺€奣he global wearable technology market is anticipated to reach USD 196.5 billion by 2022, according to a new study by Grand View Research, Inc. Research and development investment by large number of industry player is expected to fuel growth over the forecast period.


Increasing disposable income worldwide is expected to fuel industry growth over the forecast period. Technological advancement, price Cheap Dani Ceballos Jersey , quality, and battery life influence the buying decision of the end-users. The emergence of 3D printing solution and crowd funding is expected to positively impact the wearable technology market.


Increasing smartphone penetration worldwide is expected to propel industry growth over the forecast period, owing to increasing wearable device compatibility. Advancement in semiconductor electronics is expected to favor more efficient and effective products, thereby fuel revenue growth over the next seven years.


Various health and economic benefits are expected to contribute to overall industry development. For instance, advertisement agencies can bring down research cost through the use of eye-wear Cheap Dani Carvajal Jersey , which can allow enhanced data collection of customers鈥?feedbacks. Low battery life and high cost of some of the devices may hinder the industry growth over the forecast period. Data privacy concern may also adversely affect the industry demand.


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Further key findings from the study suggest:


The global industry is innovation driven and continuously evolving. The products available in the market include wrist-wear, neck-wear, body-wear, eye-wear and foot-wear. Companies such as Nike Cheap Cristiano Ronaldo Jersey , Garmin, GOQii are offering wrist-wear for fitness and sport and healthcare application.
Applications include healthcare, fitness and wellness, infotainment, enterprise and industrial Cheap Casemiro Jersey , and defense. Increasing concern about fitness and health among urban population is anticipated to drive demand over the forecast period. Advancement in virtual reality technology is expected to favor the infotainment segment over the next seven years. Government initiative to enhance their defense capability and provide soldiers with advanced technology is anticipated to drive investment in this sector.
North America wearable technology market is estimated to be the key regional segment and is anticipated to grow at a CAGR of around 32% over the next seven years. Increasing in awareness about the benefit of this technology will drive demand in Asia Pacific over the forecast period. Asia Pacific is expected to be key component manufacturing hub over the forecast period owing to availability of cheap resources. The region was valued over USD 3 billion in 2014, and is expected to grow at a CAGR of over 36% from 2015 to 2022.
Companies operating in the industry include Apple Inc., Adidas AG, Garmin, Fitbit Cheap Borja Mayoral Jersey , Nike, Inc., Google Inc., Jawbone, Sony Corp Cheap Alvaro Morata Jersey , Samsung Electronics Co. Ltd., and Xiaomi. In March 2014, Google Inc. launched Android operating system for wearable technology. CuteCircuit Technologies is a company that designs and develops wearable garments for both men and women.
Grand View Research has segmented the wearable technology market on the basis of product, application and region:


Wearable Technology Product Outlook (USD Billion, 2012鈥?022)


Wrist-wear
Eye-wear
Foot-wear
Neck-wear
Body-wear
Others
Wearable Technology Application Outlook (USD Billion Cheap Achraf Hakimi Jersey , 2012鈥?022)


Fitness and sports
Healthcare
Infotainment
Defense
Enterprise and industrial
Wearable Technology Regional Outlook (USD Billion, 2012鈥?022)


North America
Europe
Asia Pacific
RoW
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About Grand View Research


Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports Wholesale Real Madrid CF Jerseys , and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-base . Cheap Jerseys From China Cheap Jerseys From China Cheap Jerseys Online Cheap Jerseys China Cheap NHL Jerseys Wholesale Cheap NFL Jerseys Wholesale Cheap College Jerseys From China Wholesale Jerseys China Wholesale Jerseys Free Shipping Cheap College Hockey Jerseys