The report titled publication “North America Wearable Electronics Market Outlook and Forecast to 2027 – Driven by Growing Smartphone & Digital Device Adoption, Technological Advancement, and Heightened Awareness of Health-Related Activities” provides a comprehensive analysis of the North America Wearable Electronics Market. The report provides industry size basis revenue and value chain analysis, market segmentations based on Product, Components, Connectivity, End user industries, competition benchmarking, COVID impact, future projections and trends, drivers & challenges. It also provides the market by Revenue of the major countries in the North America region and also provides the country level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.
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North America Wearable Electronics Market Outlook, Drivers and Challenges
The Wearable Electronics market in North America is expected to witness strong growth over the next five years, primarily driven by the rising penetration of smartphones across countries which are positively influencing an increase in the adoption of Wearable Electronics in North America. The benefits associated with these wearable electronics, such as the ease of taking calls from a watch without a handset, fitness tracking, and all-day heart monitoring, GPS location are fueling demand for them.
The increasing Adoption of Medical Monitoring and Healthcare Wearable Devices among individuals, particularly those affected by the COVID virus, as most people felt weak and faced numerous health issues, such as breathing problems, anxiety, which also causes blood pressure, led to a higher adoption of wearable electronics to continuously monitor their health without visiting the hospital or medical center. According to a healthinsurance.com survey, heart health monitoring devices will become more popular as more doctors embrace digital tools to track and treat chronic illnesses. While doctors are generally thought to be less tech-savvy, 60% of Medicare-eligible seniors say they have embraced technology more since the pandemic.
Battery life is one of the major challenges in wearable tech industry. The wearable devices necessitate effective power management as battery space is limited in wearable devices. Therefore, efficient utilization of available battery life is critical in order for the devices to run for a decent length of time. As a result, most wearable devices communicate via Bluetooth rather than Wi-Fi, as Bluetooth technology consumes less energy than Wi-Fi when performing the same tasks.
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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
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
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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
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
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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.