Wearable electronics are devices worn by an individual as clothing to convey the intelligent assistance that augments memory, intelligence, creativity, communication, and physical senses. It involves the products such as smart rings, wristwear such as wrist bands and smartwatches, smart earphones, smart clothing with sensors, fitness and sports shoes, athletic shoes, and several other products such as neckwear and headbands. These are integrated computing devices that allow the wireless networking and mobile computing for the users to improve their day-to-day activities.
Some key players in the North America
Wearable Electronics Market include Apple Inc., Samsung
Electronics, Google, Garmin, Fitbit, Huawei Technologies Co. Ltd., Sony
Corporation, and Nike. These companies in the North America Wearable
Electronics Market are efficiently working for leading the highest market
growth, generating the highest percentage of revenue, obtaining the competitive
edge, registering the great value of market share and keep maintaining the
governing position by establishing the several research and development
programs, increasing the features and benefits of wearable electronics,
improving the qualitative and quantitative measures of such, implementing the
policies of profit making and strategies of expansion, decreasing the
associated prices of such, delivering the better customer satisfaction,
analyzing the strategies and policies of government as well as contenders, and
spreading the awareness connected to the applications and advantages of
wearable electronics.
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Although, the Covid-19 situation resulted
in the growth of the wearable electronics market across North America. The growth
in remote work, business closures, furloughs, and augmented the interest in
health monitoring throughout the COVID-19 pandemic secured a larger user base.
It assisted to boost the revenues of wearable electronics companies.
Restrictions on import and export and shutting down of manufacturing units
provisionally during lockdown restrictions adversely impacted the supply chain
of the wearable technology market. Notwithstanding of these challenges,
Covid-19 had a positive impact on the wearable electronics market across North
America.
The North America wearable electronics market is projected to observe the annual growth around ~15% over the next five years propelled by growth in technological innovations, increase in awareness & utilization of wearable electronics and a growth in demand for constant connection between individuals, places, and things. The market is projected to grow because of the strong existence of leading companies within the United States and their focus on this region, an augment in the rate of urbanization, and a growth in demand for advanced electronics. Other foremost drivers of the industry include the growing demand of consumers for communication, networking, and positioning. Also, augmenting the disposable income and internet penetration is leading to growth in the wearable electronics market. Therefore, it is predicted that during the forthcoming period the market of wearable electronics will augment more proficiently over the assessed duration.
Key
Segments Covered in North America Wearable Electronics Market:-
North America Wearable
Electronics Market By Product
Wrist-Wear Electronics
Eye-Wear Electronics
Foot-Wear Electronics
Neck-Wear Electronics
Body-Wear Electronics
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:-
Cellular Network
Near Field
Communication (NFC)
Bluetooth
Technology
Wi-Fi Network
North America Wearable
Electronics Market By End User:-
Fitness and
Sports
Healthcare and
Life Sciences
Media and Entertainment
Apparel and
Fashion
Government and
Military Defense
North America Wearable
Electronics Market By Geography:-
U.S.
Canada
Mexico
Key Competitors in North
America Wearable Electronics Market:-
Apple Inc.
Samsung Electronics
Google
Garmin
Fitbit
Huawei
Technologies Co. Ltd.
Sony Corporation
Nike
Time
Period Captured in the Report:-
Historical
Period: 2017-2021
Forecast
Period: 2022-2027
Key
Target Audience:-
Wearable
Electronics Manufacturers
Wearable
Electronics Product Assemblers
Consumer
Electronics Companies
Wearable
Technology Developers
Wearable
Electronics Raw Materials and Components Suppliers
Value-Added
Resellers (VARs)
Potential
Investors in Wearable Electronics Companies
For any queries or feedback, reach out
to the author at Support@kenresearch.com
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
