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Friday, January 14, 2022

Lucintel Forecasts Wearable Technology Market to Grow at a CAGR of 15% to 17% from 2021 to 2026

According to the recent study the wearable technology market is projected to grow at a CAGR of 15% to 17% from 2021 to 2026. Growth in this market is primarily driven by ease of use and growing popularity of internet of things (IoT) and connected devices.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in wearable technology market by type (wearable smart textiles and wearable products and devices (non-textiles)), product (wristwear, headwear & eyewear, footwear, neckwear, bodywear, and other), technology (computing technology, display technology, networking technology, positioning technology, and sensor technology), component  (power supply, positioning & networking, sensing, control, display and optoelectronic, memory, and interface), software and services (software(apps (applications)) and services), application (consumer electronics, healthcare, industrial applications, aviation, marine, military & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/wearable-technology-market.aspx

“Headwear and eyewear market is expected to remain the largest segment during the forecast period.”

Based on product, the wearable technology market is segmented into wristwear, headwear & eyewear, footwear, neckwear, bodywear, and other. Lucintel forecasts that the headwear and eyewear market is expected to remain the largest segment due to growth in the entertainment, video gaming, and augmented reality & virtual reality markets.

“Within the wearable technology market, the consumer electronics segment is expected to remain the largest application.”

Based on application the consumer electronics segment is expected to witness the highest growth over the forecast period due to growth in MEMS sensors and increasing demand for wearable scanners and computing devices in warehouses and logistic operations.

“North America will dominate the Wearable technology market in near future.”

North America will remain the largest region during the forecast period due to high demand for wearable technology products and strong presence of key players in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/wearable-technology-market.aspx

Major players of wearable technology market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Fitbit, Apple, Xiaomi Technology, Garmin, Samsung Electronics, Alphabet, LG Electronics, Qualcomm Technologies, Sony Corporation, Adidas Group, Jawbone, Misfit, Guangdong BBK Electronics and Lifesense Group are among the major Wearable technology providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wearable-technology-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email:
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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