Wearables Market in US to Grow by $ 6.85 Billion through 2022-2026
Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., LG Electronics Inc. are among the key vendors discussed in the research report
Growing preference for wearable electronic devices for payment is one of the key factors likely to drive market growth. Wearables electronic device manufacturers are integrating Near-field communication (NFC) technology as a standard into most devices to enable contactless payment by a direct tap and pay via a POS (point of sale) terminal. Another key factor driving the wearables market growth in the US is the integration of artificial intelligence (AI) in wearable medical devices. Technologies such as system-on-chip (SoC) and chip-scale package (CSP) enable manufacturers to shrink the size of wearable devices. The wearables market in US is expected to grow by $ 6.85 billion, accelerating at a CAGR of 8.92% till 2025.
This research report analyses all the growth drivers that are likely to boost market growth along with market trends. The report also assesses the market segments and regional segments to provide a comprehensive analysis of the market in focus. The purpose of this research report is to create a 360-degree view of the market for our clients. The key takeaways from this report will equip our client with clear insights to strategize future growth plans.
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Wearables Market in US : Segments and Geographical Regions
- This report segments the market Product (Smartwatches, Wireless headphones, HMDs, Smart bands, and Others) and Distribution Channel (Online and Offline).
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Wearables Market in US : Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., LG Electronics Inc., Motorola Mobility LLC, Samsung Electronics Co. Ltd., and Sony Group Corp. are some of the major market participants.
Market Segmentation by Product
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- Wearables Market in US Split by Product
- Smartwatches
- Wireless headphones
- HMDs
- Smart bands
- Others
- Wearables Market in US Split by Distribution Channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Alphabet Inc.
- Apple Inc.
- Fossil Group Inc.
- Garmin Ltd.
- Huawei Investment and Holding Co. Ltd.
- Lenovo Group Ltd.
- LG Electronics Inc.
- Motorola Mobility LLC
- Samsung Electronics Co. Ltd.
- Sony Group Corp.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report
Browse through some of other related market research reports for more insights:
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- Wearables Market: The Global Wearables Market is projected to grow by $ 23.03 billion, accelerating at a CAGR of over 6.70% till 2025.
- Personalized Gifts Market in US: Technavio has been monitoring the personalized gifts market in US and it is expected to grow by $ 2.01 billion, accelerating at a CAGR of almost 5.83% during the forecast period.
- Personalized Gifts Market: The personalized gifts market will grow by $ 11.19 billion, fragmented at a CAGR of almost 7.48% over the next five years.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 8.92%.
- What is the incremental growth of the market?
The market is expected to grow by $ 6.85 billion through 2022-2026.
- What is a key factor driving this market?
Growing preference for wearables electronic devices for payment will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
US is the key region featured in this research report.
- Who are the leading market vendors?
The leading vendors in this market are Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., LG Electronics Inc., Motorola Mobility LLC, Samsung Electronics Co. Ltd., and Sony Group Corp.
- What are the market segments covered in this report?
The market is segmented by Product (Smartwatches, Wireless headphones, HMDs, Smart bands, and Others) and Distribution Channel (Online and Offline)
