The global [FURL=https://www.industryarc.com/Research/Wearable-Computing-Market-Research-505389?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Wearable Computing Market[/FURL] is estimated to surpass $92.1 billion mark by 2026 growing at an estimated CAGR of more than 20.1% during the forecast period 2021 to 2026. The Wearable Computing market is projected to witness substantial growth over the forecast period primarily due to advancement of technologies in which the electronic devices are embedded with the wearable such as fitness tracker, smart wrist watch and others as well as deployment in personal area networks. Adoption of smart wearable like smart watches and wrist bands are potential driving factor for the market. The majorly deployed industries are health care and Entertainment. These devices are gaining popularity owing to smart and advanced features such as easy synchronization, improved heat dissipation, behavioral modeling and high portability. These factors are set to boosts the market growth for Wearable Computing during the forecast period 2021-2026Key Takeaways
The increasing adoption of smart watches and wristbands among consumers is one of the major factors driving growth of the wearable computing devices market.
Increasing popularity towards fitness helps the trainers and doctors to keep track about their clients as they can be used to track heartbeat rate, BP, body temperature and others. It is easy analyse these without visiting hospital or any lab.
Increasing advancement of IoT, Sensor has driven the market towards the wearable.
North America is expected to dominate the market in the forecasted period. This growth is attributed with increasing heart related diseases, Obesity, Diabetics, and other chronic diseases.
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Wearable Computing Market Segment Analysis – By Geography
North America is the largest market for Wearable Computing Market at 37.3% share in 2020. Growth of the market in the region is attributed to rising incidence of chronic diseases such as obesity, diabetic, heart disease, and arthritis. Center for Disease Control and Prevention’s Behavioural Risk Factors Surveillance System (BFRSS) and TFAH has analyzed that U.S. adult obesity rate stands at 42.4 percent in 2020 and it will increase in the future. This in turn will increase the demand towards the growth of wearable computing devices. APAC is expected to increase its demand towards the wearable computing as it has the increasing population in the countries like India and China.
Wearable Computing Market Drivers
Increasing adoption of smart watches and wristbands in consumer electronics sector
Wearable Computing in Healthcare
Key players are Fitbit, Inc, Apple, Inc, Adidas AG, Nike, Google LLC, Motorola Mobility Holding, Pebble technology, Samsung electronics etc.
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