New York, NY -- (SBWIRE) -- 10/11/2018 -- Smart Wearable Devices Market: Market Overview

Smart wearable devices are the integration of advanced technologies into wearable objects such as a watch, eyewear, wristband, etc. Smart wearable devices include smartwatches, fitness trackers, VR headsets, smart wristbands, Activity tracker, sports watches, and other smart wearable devices. There is increasing adoption of these devices among consumers as devices facilitate the connection of places, people, and things. The primary factors which are expected to propel the growth of smart wearable devices are the introduction of innovative products used in daily life such as activity monitoring, heartbeat monitoring, etc. Many leading players are creating such smart wearable devices which are expected to lead wearable technologies to another level in future. Smart wearable devices have also entered into entertainment sector by creating new techniques to experience digital media. VR headsets and AR glasses have come to represent the smart wearable devices in entertainment. This smart wearable devices are used for application in various sectors such as defense, lifestyle, fitness and sports, and others. One of the factor is rise in awareness of wearables and technological advancements which is expected to drive the smart wearable devices market. Smart wearable devices allow the user to check health-related information on their smart wearables. Obesity has become a major concern in many parts of the world, and therefore people are selecting wearable technology for monitoring the health and fitness related data.

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Smart Wearable Devices Market: Market Dynamics

Rising consumer awareness and higher adoption of smart wearable devices in healthcare are driving the growth of global smart wearable devices market. These factors are projected to spur the demand in the forecast period.

However, higher cost of manufacturing these wearable devices is a major challenge for market players and is expected to hinder the growth of smart wearable devices market.

Global Smart Wearable Devices Market: Market Segmentation

Segmentation Overview

Smart Wearable Devices market segmented by devices, function, application, and region.

Segmentation by devices in Smart Wearable Devices market:

Smart Watch
Medical Devices
Smart Glasses
Wrist Bands
Ear Wear
Fitness Trackers
Sport Watches
Activity Monitors
Smart Clothing
Others

Segmentation by function in Smart Wearable Devices market:

Sensing
Energy Harvesting
Luminescence and Aesthetics
Thermo-electricity
Others

Segmentation by application in Smart Wearable Devices market:

Infotainment
Fitness & Wellness
Fashion & Lifestyle
Safety & Security
Healthcare & Medical
Others

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Global Smart Wearable Devices Market: Competition Landscape

Few prominent players in Smart Wearable Devices market include Samsung Electronics Co., Ltd, Apple Inc., Adidas Group, NIKE, Inc., Garmin Ltd., Fitbit Inc., Sony Corporation, LG Electronics Inc., Motorola Corporation, Qualcomm Inc., Pebble Technology Corp., Withings SA and Xiaomi Technology Co. Ltd., etc.