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  • 1 July 2019 14:27

Wearable Technology Market : Future Scenario, Growth Rate, Segmentation, and Industrial Opportunities to 2028

Wearable Technology Market provides the latest information on the present and the future industry trends, allowing the readers to identify the products and services, hence driving the revenue growth and profitability.

New York, Jul 01, 2019: Wearable technology also referred as wearables and wearable devices, is electronic technology that is worn on the body. They are designed to wear comfortably by the end user as this technology is incorporated with accessories and clothing. Wearables are small and compact I design so they can be easily worn by individuals. It contains scanning features and various types of sensor for its function. Wearable devises contain small rechargeable battery, such as alkaline batteries, nickel-metal-hybrid or lithium-ion or lithium-ion polymer batteries. Wearable technology also can be connected to other smart devices using Bluetooth, Wi-Fi, etc. This technology operates on similar tasks done by the use of laptops, smartphones, and PCs.

Wearable devices include smart glasses, smart clothing, smart watches, earphones, wearable cameras, body monitors, and various fitness and wellness devices. They are convenient, portable, seamless, as well as offers uninterrupted contact with computer or any other type of electronic gadget. Wearables can be removed easily unlike smart tattoos or implanted microchip. Availability of various type of wearables in affordable cost is making consumers more inclined towards its usage.

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Wearable technology is used for sending massages and mails, making and receiving calls, and unlocking smartphones. They are also being used for various Internet of things applications such as controlling temperature of air conditioner, switching on and off lights, and many more. Increasing use of wearables for its various applications and rising preference for convenient electronic devices among end users are resulting into high demand for wearable technology.

Wearable devises provide convenient tracking system for monitoring health, exercise, and well-being of an individual. Wearables are also being used in healthcare sector to keep check on overall we-being of patients and keep constant track of their health. Wearable devices are also used by individuals, who work in hazardous conditions such as mining workers, oil & gas industry workers, firefighters, and others with high risk jobs. These devices are used for monitoring health condition of an individual, and also tacker installed in wearables makes it easy to keep track of their location. Increasing adoption of wearables in various sectors for its applications is a factor resulting into its high usage.

There is a high adoption of wearable devices among individuals in North America, owing to presence of prominent players in this region and high adoption of advanced technologies in various industries. Increasing demand of wearable in countries in Asia Pacific is began due to increasing awareness regarding advantages of wearable technology and high adoption of smart devices among individuals. In addition, growing consumer electronic sector in countries such as China, India, Japan, and South Korea is anticipated to high availability of smart devices in affordable cost in this region.

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By type the wearable technology market is categories into smartwatch, smart wristband, hearables and augmented reality. By application the wearable technology market is categories into fitness & wellness, healthcare & medical, infotainment and enterprise & industrial. Key players of wearable technology market includes Fitbit, Apple, Samsung, Sony, Motorola/Lenovo, LG, Pebble, Garmin, Huawei, XIAO MI, Polar, Wahoo fitness, EZON, Jawbone, Inc., and Google Inc.

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