Abstract: What’s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies – Strong/Active/Niche/Trivial.
New York, May 06, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Wearable Electronics Industry” – https://www.reportlinker.com/p03180729/?utm_source=GNW
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Global Wearable Electronics Market to Reach $90 Billion by 2027
Amid the COVID-19 crisis, the global market for Wearable Electronics estimated at US$20.8 Billion in the year 2020, is projected to reach a revised size of US$90 Billion by 2027, growing at a CAGR of 23.3% over the analysis period 2020-2027. Wristwear, one of the segments analyzed in the report, is projected to record a 21.8% CAGR and reach US$48.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Eyewear segment is readjusted to a revised 25.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.9 Billion, While China is Forecast to Grow at 26.4% CAGR
The Wearable Electronics market in the U.S. is estimated at US$7.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 26.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 18.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.1% CAGR.
Hearables Segment to Record 23.7% CAGR
In the global Hearables segment, USA, Canada, Japan, China and Europe will drive the 23.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$918.4 Million in the year 2020 will reach a projected size of US$4.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.1 Billion by the year 2027.
Select Competitors (Total 133 Featured) –
Read the full report: https://www.reportlinker.com/p03180729/?utm_source=GNW
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Wearable Technology: The Transition from Science Fiction to
Historical Journey of Wearable Technology
Applications & Solutions of Wearable Electronics
Wearable Electronics Market: Expanding Applications of
Miniaturized, High Performance Wearable Devices Boosts
Wrist-Wear Dominates Global Wearable Electronics Market
Consumer Electronics: The Largest End-Use Market
Developed Regions Lead, Developing Regions at the Forefront of
Wearable Electronics – Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Smartwatch Market Worldwide: Breakdown of Unit Shipments (in %)
by Company for 2019
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS