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Home Technology and Telecom North America Wearable Electronics Market Outlook and Forecast to 2027: Ken Research

North America Wearable Electronics Market Outlook and Forecast to 2027: Ken Research

North America Wearable Electronics market by Connectivity

The Near Field Communication (NFC) segment in North America Wearable Electronics market is growing at a highest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The growth is majorly attributed by the increasing demand for cashless transactions, particularly following the Covid-19 pandemic to avoid virus transmission via cash.

Bluetooth is the most widely used connectivity in wearable electronics as it provides better power supply, connectivity range, and communication between mobile devices. Also, unlike Wi-Fi and Cellular network, it does not need any external infrastructure, such as cell towers, and modems, resulting in a more feasible solution.

Following Bluetooth, the second most popular forms of connectivity are Wi-Fi and Cellular, which provide similar services to Bluetooth. However, they do have limitations due to infrastructure requirements, such as modems and cellular towers, which are prone to failure and disrupting services.

north-america-wearable-electronics-market

North America Wearable Electronics market by End user industry

The North America Healthcare Industry is expected to grow at positive CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The growing introduction of wearables which can be used in patient care, such as bio sensor that measure vitals such as heart rate, respiratory rate, body temperature, posture, physical activity, and a single-lead ECG for early detection and intervention to improve patient outcomes is leading to the higher demand of wearables electronics in healthcare.

Wearable technologies are also becoming popular in the military due to the growing demand for smart, interconnected, and portable devices for soldiers on covert operations. Furthermore, technological advancements and the increasing adoption of wearables in warehouses and manufacturing hubs are fueling product demand in industrial areas.

Competition Scenario In North America Wearable Electronics Market

The Competition is Highly Competitive or Fragmented. The intense competition and rapid technological changes, and consumer preferences in the market for smart footwear, apparel, and equipment’s, are causing strong competition among wearable electronics companies. To further expand their presence in the wearable electronics market, numerous players have implemented various growth strategies, such as expansions and new product launches with a diverse range of product lines.

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What is the Expected Future Outlook for the Overall Wearable Electronics in North America?

The revenues generated by wearable electronics market players in North America are projected to augment to ~ by 2027 from ~ during 2022, registering a robust CAGR of ~ during the same period.

In the last few years, there has been an increase in the number of electronic health wearables that really can collect data in real time and indicate the physiochemical properties of the body to examine wellness. Wearables are small electronic devices that can measure body temperature, heart and pulse pressure, breathing rate, GPS location, elevation, physical movement, lateral movement, and the electrical activity of the heart, muscles, brain, and skin when worn on the body. Wearables can enable users to continually monitor their health without actually visiting a hospital/clinical centre and to take measures when necessary.

north-america-wearable-electronics-industry

Technological advancement and are gradually fueling the growth of consumer electronics, including wearable electronics. For instance, Augmented Reality (AR) and Virtual Reality (VR) technology in Eye Wear is enabling real-time access to various information and data, allowing doctors to provide more effective, less invasive, and overall better care to their patients. Remote medical care via telehealth and wearables has become an essential component of health operations during the pandemic and is expected to remain a valuable tool for both providers and patients.

The rise of wearables, combined with an insufficiency of skilled health care workers, has created a new demand for automatic, real-time personalised designs for in-home healthcare. These designs necessitate knowledge of chronic illness management, surgical outcomes, post-discharge care, neurology, and emotional well-being. Companies must provide more personalized care for wearables, allowing patients to engage in self-care, caretakers/therapists/doctors to better support patients, and providers to keep offering high-quality care for the patient’s needs at a lower cost.

Wearable electronics have a strong future potential to scale up in other industries, such as healthcare, manufacturing, and the public sector. For instance, in response to the COVID-19 pandemic, many healthcare providers have already re-structured their processes and strategies to promote “telehealth and remote patient monitoring” by utilizing AR and VR technology.

Key Segments Covered in North America Wearable Electronics Market:-

North America Wearable Electronics Market By Product

Wrist Wear

Ear Wear and Head Wear

Eye Wear

Foot Wear

Neck Wear

Body Wear and Smart Clothing

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North America Wearable Electronics Market By Components

Networking and Positioning Components

Power Supply Components

Sensing Components

Optoelectronic and Display Components

Control Components

Interface Components

North America Wearable Electronics Market By Connectivity

Near Field Communication (NFC)

Cellular Network

Bluetooth Technology

Wi-Fi Network

Other Connectivity Types

North America Wearable Electronics Market By Type of End User Industry

Fitness and Sports & Tracker

Healthcare

Entertainment and Travel & Hospitality

Industrial (Logistics & manufacturing)

Government (Defense, Security, and Public Administration)

North America Wearable Electronics Market By Geography and Major Countries:-

U.S.

Canada

Mexico

Key Target Audience:-

Wearable Electronics Products Manufacturers

Consumer Electronics Products Manufacturers

Wearable App Developers

Raw Material Suppliers for Wearable Electronics Products

Potential Investors in Wearable Electronics

Wearable Electronics Distributors

Wearable Electronics Advocacy Groups

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Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Companies Mentioned:

Key Competitors in North America Wearable Electronics Market

Apple

Garmin

Fossil

Huawei

Samsung Electronics

Sony

LG Electronics

Fitbit

Nike

Xiaomi

Bose

Emerging Wearable Electronics Companies in North America

Strong Arm Technologies

Whoop

Nextiles

Nymi

Muse

Hexoskin

ADES Technologies

Machina

Key Topics Covered in the Report:-

Snapshot of North America Wearable Electronics Industry

Industry Value Chain and Ecosystem Analysis

Market Size and Segmentation of North America Wearable Electronics Market

Historic Growth of Overall North America Wearable Electronics Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of North America Wearable Electronics Industry

Overview, Product Offerings and SWOT Analysis of All the Key Competitors

Covid 19 Impact on the Overall North America Wearable Electronics Market

Future Market Forecast and Growth Rates of the Total North America Wearable Electronics Market and by Segments

Market Size of End User Industries with Historical CAGR and Future Forecasts

Analysis of North America Wearable Electronics Market in Major North American Countries

Major Production/Consumption Hubs in the Major Countries

Major Production/Supply and Consumption/Demand Hubs in Each Major Country

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging North America Wearable Electronics Companies within Each Major Country

For more information on the research report, refer to below link:-

North America Wearable Electronics Market

Related Report:-

India Consumer Wearables Market Outlook To 2025- By Type (Fitness Trackers And Smart-Watches), By Sales Channel (Online And Offline), By Price Segment (Under ₹ 1000 ,₹1000 – ₹ 10,000 , ₹10,000 – ₹ 20,000 And Above ₹ 20,000) And By Sales Region (North, South East And West)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Frequently Asked Questions:-

What is the Study Period of this Market Report?

The North America Wearable Electronics Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.

What is the Future Growth Rate of North America Wearable Electronics Market?

The North America Wearable Electronics Market is expected to witness a CAGR of above 15% over the next 5 years.

What are the Key Factors Driving the North America Wearable Electronics Market?

Rising number of millennial parents who are increasingly health conscious and adopting natural, minimally processed food is expected to be the primary driver of this market.

Which is the Fastest Growing Product Segment within the North America Wearable Electronics Market?

Neck Wear is the fastest growing product segment within the North America Wearable Electronics Market.

Who are the Key Players in North America Wearable Electronics Market?

Apple, Garmin, Fossil Group, Huawei, Samsung Electronics, Sony, LG Electronics, Fitbit

Nike, Xiaomi and Bose are the major companies operating in North America Wearable Electronics Market.

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