As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global wearable technology market is driven by the increasing advancements in technology along with the increased penetration of internet in the market. Asia Pacific is projected to be the most attractive regional market for wearable technology due to the rising disposable incomes, the growing tech-savvy population, and the increasing growth of many companies in the region. Rising number of participants are expected to shift their manufacturing facilities to Asia Pacific due to low labour and operational costs. In addition, a substantial proportion of the large population in the region is among the early adopters of this technology.
In 2019, Apple Inc (NASDAQ: AAPL), a leading technology company popular throughout the globe, launched its the second version of its wireless earbuds, Airpods. The new edition of the AirPods features a wireless charging case, hands-free access to the iPhone digital assistant, Siri, and improved battery life. The increased sales of the product propelled the market growth in the historical period.
In 2018, Fossil Group Inc (NASDAQ: FOSL), one of the leading designer brands, especially for wrist watches, introduced a new range of seven next-generation smartwatches. These watches have an aesthetic design and also the latest technological features which helped attract large consumer base, especially the millennials. This boosted the market growth in the historical period.
Market Analysis by Component, Type, Technology, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the report:
The major players in the global wearable technology market are Apple Inc., Samsung Electronics Co., Ltd., Fitbit, Inc., Xiaomi Corp, Alphabet Inc., LG Electronics, Inc., and Huawei Technologies Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.