North America Wearable Electronics market by Connectivity
The Near Field Communication (NFC) segment in North
America Wearable Electronics market is growing at a highest CAGR of
~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The growth is
majorly attributed by the increasing demand for cashless transactions,
particularly following the Covid-19 pandemic to avoid virus transmission via
cash.
Bluetooth is the most widely used connectivity in wearable electronics as
it provides better power supply, connectivity range, and communication between
mobile devices. Also, unlike Wi-Fi and Cellular network, it does not need any
external infrastructure, such as cell towers, and modems, resulting in a more
feasible solution.
Following Bluetooth, the second most popular forms of connectivity are Wi-Fi and Cellular, which provide similar services to Bluetooth. However, they do have limitations due to infrastructure requirements, such as modems and cellular towers, which are prone to failure and disrupting services.
North
America Wearable Electronics market by End user industry
The North America Healthcare Industry is expected to grow at positive
CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The growing
introduction of wearables which can be used in patient care, such as bio sensor
that measure vitals such as heart rate, respiratory rate, body temperature,
posture, physical activity, and a single-lead ECG for early detection and
intervention to improve patient outcomes is leading to the higher demand of
wearables electronics in healthcare.
Wearable technologies are also becoming popular in the military due to
the growing demand for smart, interconnected, and portable devices for soldiers
on covert operations. Furthermore, technological advancements and the
increasing adoption of wearables in warehouses and manufacturing hubs are
fueling product demand in industrial areas.
Competition Scenario In North America Wearable Electronics Market
The Competition is Highly Competitive or Fragmented. The intense
competition and rapid technological changes, and consumer preferences in the
market for smart footwear, apparel, and equipment's, are causing strong
competition among wearable electronics companies. To further expand their
presence in the wearable electronics market, numerous players have implemented
various growth strategies, such as expansions and new product launches with a
diverse range of product lines.
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What is the Expected Future Outlook for the Overall Wearable
Electronics in North America?
The revenues generated by wearable electronics market players in North
America are projected to augment to ~ by 2027 from ~ during 2022, registering a
robust CAGR of ~ during the same period.
In the last few years, there has been an increase in the number of
electronic health wearables that really can collect data in real time and
indicate the physiochemical properties of the body to examine wellness.
Wearables are small electronic devices that can measure body temperature, heart
and pulse pressure, breathing rate, GPS location, elevation, physical movement,
lateral movement, and the electrical activity of the heart, muscles, brain, and
skin when worn on the body. Wearables can enable users to continually monitor
their health without actually visiting a hospital/clinical centre and to take
measures when necessary.
Technological advancement and are gradually fueling the growth of
consumer electronics, including wearable electronics. For instance, Augmented
Reality (AR) and Virtual Reality (VR) technology in Eye Wear is enabling
real-time access to various information and data, allowing doctors to provide
more effective, less invasive, and overall better care to their patients. Remote medical care via telehealth and
wearables has become an essential component of health operations during the
pandemic and is expected to remain a valuable tool for both providers and
patients.
The rise of wearables, combined
with an insufficiency of skilled health care workers, has created a new demand
for automatic, real-time personalised designs for in-home healthcare. These designs
necessitate knowledge of chronic illness management, surgical outcomes,
post-discharge care, neurology, and emotional well-being. Companies must
provide more personalized care for wearables, allowing patients to engage in
self-care, caretakers/therapists/doctors to better support patients, and
providers to keep offering high-quality care for the patient's needs at a lower
cost.
Wearable electronics have a
strong future potential to scale up in other industries, such as healthcare,
manufacturing, and the public sector. For instance, in response to the COVID-19
pandemic, many healthcare providers have already re-structured their processes
and strategies to promote "telehealth and remote patient monitoring" by
utilizing AR and VR technology.
Key
Segments Covered in North America Wearable Electronics Market:-
North
America Wearable Electronics Market By Product
Wrist Wear
Ear Wear and Head Wear
Eye Wear
Foot Wear
Neck Wear
Body Wear and Smart
Clothing
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North
America Wearable Electronics Market By Components
Networking and
Positioning Components
Power Supply Components
Sensing Components
Optoelectronic and
Display Components
Control Components
Interface Components
North
America Wearable Electronics Market By Connectivity
Near Field
Communication (NFC)
Cellular Network
Bluetooth Technology
Wi-Fi Network
Other Connectivity
Types
North
America Wearable Electronics Market By Type
of End User Industry
Fitness and Sports
& Tracker
Healthcare
Entertainment and
Travel & Hospitality
Industrial (Logistics
& manufacturing)
Government (Defense,
Security, and Public Administration)
North America Wearable Electronics Market By Geography and Major Countries:-
U.S.
Canada
Mexico
Key Target
Audience:-
Wearable Electronics Products Manufacturers
Consumer Electronics Products Manufacturers
Wearable App Developers
Raw Material Suppliers for Wearable Electronics Products
Potential Investors in Wearable Electronics
Wearable Electronics Distributors
Wearable Electronics Advocacy Groups
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Time Period
Captured in the Report:-
Historical Period:
2017-2021
Forecast Period: 2022-2027F
Companies Mentioned:-
Key Competitors in
North America Wearable Electronics Market
Apple
Garmin
Fossil
Huawei
Samsung Electronics
Sony
LG Electronics
Fitbit
Nike
Xiaomi
Bose
Emerging Wearable
Electronics Companies in North America
Strong Arm Technologies
Whoop
Nextiles
Nymi
Muse
Hexoskin
ADES Technologies
Machina
Key Topics
Covered in the Report:-
Snapshot of North America Wearable Electronics
Industry
Industry Value Chain and Ecosystem Analysis
Market Size and Segmentation of North America
Wearable Electronics Market
Historic Growth of Overall North America Wearable
Electronics Market and Segments
Competition Scenario of the Market and Key
Developments of Competitors
Porter’s 5 Forces Analysis of North America
Wearable Electronics Industry
Overview, Product Offerings and SWOT Analysis of
All the Key Competitors
Covid 19 Impact on the Overall North America
Wearable Electronics Market
Future Market Forecast and Growth Rates of the
Total North America Wearable Electronics Market and by Segments
Market Size of End User Industries with
Historical CAGR and Future Forecasts
Analysis of North America Wearable Electronics
Market in Major North American Countries
Major Production/Consumption Hubs in the Major
Countries
Major Production/Supply and Consumption/Demand
Hubs in Each Major Country
Major Country-wise Historic and Future Market
Growth Rates of the Total Market and Segments
Overview of Notable Emerging North America
Wearable Electronics Companies within Each Major Country
For more
information on the research report, refer to below link:-
North America Wearable Electronics Market
Related Report:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
Frequently
Asked Questions:-
What is the Study Period of this Market Report?
The North America Wearable Electronics Market is
covered from 2017 – 2027 in this report, which includes a forecast for the
period 2022-2027.
What is the Future Growth Rate of North America Wearable Electronics
Market?
The North America Wearable Electronics Market is
expected to witness a CAGR of above 15% over the next 5 years.
What are the Key Factors Driving the North America Wearable Electronics
Market?
Rising number of millennial parents who are
increasingly health conscious and adopting natural, minimally processed food is
expected to be the primary driver of this market.
Which is the Fastest Growing Product Segment within the North America
Wearable Electronics Market?
Neck Wear is the fastest growing product segment
within the North America Wearable Electronics Market.
Who are the Key Players in North America Wearable Electronics Market?
Apple, Garmin, Fossil Group, Huawei, Samsung
Electronics, Sony, LG Electronics, Fitbit
Nike, Xiaomi and Bose are the major companies
operating in North America Wearable Electronics Market.
