Industry forecast for wearable electronics through 2027

Industry forecast for wearable electronics through 2027

Wearable electronics are electronic gadgets constantly worn by someone as Un obstructively as apparel to offer intelligent assistance that augments memory, intellect, creativity, verbal exchange and physical senses. These wearable gadgets are used for monitoring facts on actual time basis. They have movement sensors that take the photo of your day after day interest and sync them with cell gadgets or pc computers.

Research And Markets com has announced the addition of the “Global Wearable Electronics Market” study to their database. The global market for wearable electronics is estimated to increase at a CAGR of 18.0 percent from 2021 to 2027, rising from USD 116.5 billion in 2021 to USD 266 billion by 2027.

Highlights

  • Wearable Electronics market research report classify the wearable electronics market based on Product type, Component type, application and region. This report Describes the Drivers, Restraints, impact of Covid-19 and opportunities for the growth of Wearable Electronics market.

  • Key Insights & Findings: Based on application consumer electronics application is expected to lead the wearable electronics market over the forecast period. Factors such as growing demand for smart devices in the healthcare sector and surge in demand for IoT devices are driving the growth of the market during the forecast period.

Major players in Wearable Electronics market include Apple Inc. (US), Fitbit Inc. (US), Google LLC (US), Samsung Electronics Co., Ltd.(South Korea), Garmin Ltd. (Switzerland), LG (South Korea), Huawei (China), Sony Corporation (Japan), Xiaomi Corporation (China), and Microsoft (US).