Wrist wearable is a wearable device that is typically worn on the wrist. The growing popularity of connected devices is one the driving factors for the wrist wearable market. Influenced by the rising penetration of smartphones, the increasing popularity of high-speed broadband services, and technological improvements, customers increasingly prefer connected services. It allows the easy transfer of data to electronic devices. The increasing demand is boosting vendors to develop wrist wearables such as bracelets and tags, apart from smart watches and fitness bands. Thus, these factors are driving the growth of the market.
MARKET DYNAMICS
The growing demand for wrist wearable devices in the healthcare sector is driving the growth of the wrist wearable market. However, the shorter life cycle of the consumer electronics product may restrain the growth of the wrist wearable market. Furthermore, rising growth prospects of next-gen displays in wrist wearable devices are anticipated to witness massive demand during the forecast period.
MARKET SCOPE
The "Global Wrist wearable Market Analysis to 2028" is a specialized and in-depth study of the wrist wearable market with a special focus on the global market trend analysis. The report aims to provide an overview of wrist wearable market with detailed market segmentation by product type, application, and geography. The global wrist wearable market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wrist wearable market players and offers key trends and opportunities in the wrist wearable market.
MARKET SEGMENTATION
The global wrist wearable market is segmented on the basis of product type and application. On the basis of product type, the market is segmented as infotainment devices, activity trackers, healthcare monitors, lifestyle bands, and others. On the basis of application, the market is segmented as healthcare, entertainment, lifestyle and wellness, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global wrist wearable market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wrist wearable market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting wrist wearable market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the wrist wearable market in these regions.
MARKET PLAYERS
The reports cover key developments in the wrist wearable market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from wrist wearable market are anticipated to lucrative growth opportunities in the future with the rising demand for wrist wearable market. Below mentioned is the list of few companies engaged in the wrist wearable market.
The report also includes the profiles of key wrist wearable market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Adidas
- Apple Inc.
- ASUSTeK Computer Inc.
- Atlas Wearable
- Fitbit, Inc.
- Garmin Ltd.
- Huawei Technologies Co., Ltd.
- Lenovo
- Samsung Electronics
- Xiaomi
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.