The Wrist Wearable Devices Market refers to a subcategory of Wearable Devices Market
that can be worn on the wrist. These devices provide numerous applications and
have found increased adoption in recent years. Wrist Wearable Devices Market involves the production of electronic
devices such as smart watches, smart
bands, fitness trackers and body/activity monitoring devices. The
components used to manufacture these devices are similar to the ones used to
manufacture smartphones and tablets.
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Americas is currently the biggest Wrist Wearable device Market in 2014
followed by Europe. However APAC region is poised to grow at the highest CAGR
and is projected to surpass American market size by 2019. The significant
growth in APAC region is due to increasing economies leading to a growing
demand for these devices.
Wrist
Wearable Devices Market Trends:
- IndustryARC studies have concluded that the Wrist Wearable Devices Market will be making strong impacts on the Healthcare Industry across the board during the forecast period.
- Wearable Electronic Fitness Devices Market Segment seems to be Poised for Strong Growth, according to the noted market trends.
- It has been accounted that the Leading Segments for Wrist Wearable Devices Market are Smart Wristwatch and Smart Wrist Bands.
- Geographically, the United States and North America combined are leading the way in the market while China is noted to be right behind.
- Currently, the market is highly focusing on battery stability, precision and durability of the devices manufactured in order to increase sales and revenue as well as serve the needs of the customers.
The Wrist
Wearable Devices Market Shall
Break New Grounds For Obvious Reasons:
- Starting in 2015 the Wrist Wearable Devices Market is projected to gain high traction in the next 5 years in terms of CAGR rate, main driving factor being: consumers switch from tablet and mobile devices to smaller wearable technologies that can provide the same apps. Treadmill readings made much easier and handy.
- Apart from electronic growth, the market has outreached the telemedicine applications as well.
- Top players in this market such as Samsung, Sony, HTC, Intel and others are constantly succeeding in their efforts and there is no looking back.
- Replacing passwords with this technology is a great replacement for conventional apps and gadgets.
- Wrist Wearable Devices have also started to gain location accuracy merging with other smart technologies.
REPORT
SCOPE:
This report contains the in-depth analysis of
Wrist Wearable Devices Market by
their applications, highlighting which areas are growing rapidly and which
areas are going to slow down. Other valuable details such as the global spread
of this market (in terms of the global geographical analysis), market drivers,
risks, investment opportunities and new technologies have also been discussed.
The leading manufacturers in this market have also been profiled in this
report.
Market
Segmentation:
The Wrist Wearable Devices Market is
broadly segmented into 4 categories based on the following factors:
- By Electronic Components: Display, Memory, Sensors, Processors and Others.
- By Application: Healthcare, Information Control, Entertainment and Others.
- By Products: Activity Trackers, Healthcare Monitors, Lifestyle Bands and Others.
- By Geography: Americas, Europe, APAC and ROW.
Market
Key Players:
Mentioning the leading competitors of the Wrist Wearable Devices Market which are
studied and mentioned in this report:
- Nike Inc.
- LG Electronics Inc.
- Google Inc.
- Adidas Ag
- Apple Inc.
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IndustryARC:
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