COVID-19 Impact and Recovery Analysis- Wearable Technology Market 2020-2024 | Popularity Of Wearable Devices As A Payment Method to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Jun 5, 2020--

Technavio has been monitoring the wearable technology market and it is poised to grow by $35.48 bn during 2020-2024, progressing at a CAGR of about 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Wearable Technology Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Wearable Technology Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment & Holding Co. Ltd., LG Electronics Inc., Polar Electro Oy, Samsung Electronics Co. Ltd., Vuzix Corp., and Xiaomi Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The popularity of wearable devices as a payment method has been instrumental in driving the growth of the market. However, rising concerns over data security and privacy might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/wearable-technology-market-industry-analysis

Wearable Technology Market 2020-2024: Segmentation

Wearable Technology Market is segmented as below:

■ Product

■ Smartwatches

■ Wireless Headphones

■ HMDs

■ Smart Bands

■ Smart Clothing

■ Smart Glasses

■ Smart Rings

■ Geographic Landscape

■ North America

■ APAC

■ Europe

■ South America

■ MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40925

Wearable Technology Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wearable technology market report covers the following areas:

■ Wearable Technology Market Size

■ Wearable Technology Market Trends

■ Wearable Technology Market Industry Analysis

This study identifies the emergence of the hybrid smartwatch market as one of the prime reasons driving the wearable technology market growth during the next few years.

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Wearable Technology Market 2020-2024: Key Highlights

■ CAGR of the market during the forecast period 2020-2024

■ Detailed information on factors that will assist wearable technology market growth during the next five years

■ Estimation of the wearable technology market size and its contribution to the parent market

■ Predictions on upcoming trends and changes in consumer behavior

■ The growth of the wearable technology market

■ Analysis of the market’s competitive landscape and detailed information on vendors

■ Comprehensive details of factors that will challenge the growth of wearable technology market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

■ 2.1 Preface

■ 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

■ Market ecosystem

■ Market characteristics

■ Value Chain Analysis

■ Market segmentation analysis

PART 04: MARKET SIZING

■ Market definition

■ Market sizing 2019

■ Market Outlook

■ Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

■ Bargaining power of buyers

■ Bargaining power of suppliers

■ Threat of new entrants

■ Threat of substitutes

■ Threat of rivalry

■ Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

■ Market segmentation by product

■ Comparison by product

■ Smartwatches - Market size and forecast 2019-2024

■ Wireless headphones - Market size and forecast 2019-2024

■ HMDs - Market size and forecast 2019-2024

■ Smart bands - Market size and forecast 2019-2024

■ Smart clothing - Market size and forecast 2019-2024

■ Smart glasses - Market size and forecast 2019-2024

■ Smart rings - Market size and forecast 2019-2024

■ Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

■ Geographic segmentation

■ Geographic comparison

■ North America - Market size and forecast 2019-2024

■ APAC - Market size and forecast 2019-2024

■ Europe - Market size and forecast 2019-2024

■ South America - Market size and forecast 2019-2024

■ MEA - Market size and forecast 2019-2024

■ Key leading countries

■ Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

■ Market drivers

■ Market challenges

PART 11: MARKET TRENDS

■ Development of low-power electronics

■ Increasing number of strategic partnerships and M&A activities

■ Emergence of hybrid smartwatch market

PART 12: VENDOR LANDSCAPE

■ Overview

■ Landscape disruption

■ Competitive scenario

PART 13: VENDOR ANALYSIS

■ Vendors covered

■ Vendor classification

■ Market positioning of vendors

■ Alphabet Inc.

■ Apple Inc.

■ Fossil Group Inc.

■ Garmin Ltd.

■ Huawei Investment & Holding Co. Ltd.

■ LG Electronics, Inc.

■ Polar Electro Oy

■ Samsung Electronics Co. Ltd.

■ Vuzix Corp.

■ Xiaomi Corp.

PART 14: APPENDIX

■ Research methodology

■ List of abbreviations

■ Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200605005268/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 06/05/2020 03:00 PM/DISC: 06/05/2020 03:01 PM

http://www.businesswire.com/news/home/20200605005268/en

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