DUBLIN–(Business enterprise WIRE)–The “Wearable Fitness Technological innovation – World wide Market place Trajectory & Analytics” report has been additional to ResearchAndMarkets.com’s giving.
Amid the COVID-19 disaster, the world-wide market for Wearable Exercise Know-how approximated at US$ 9.4 Billion in the year 2020, is projected to achieve a revised measurement of US$ 22.4 Billion by 2027, developing at a CAGR of 13.1% over the analysis interval 2020-2027.
Smartwatches, one of the segments analyzed in the report, is projected to file a 14.7% CAGR and arrive at US$ 7.6 Billion by the stop of the examination interval. Right after an early analysis of the business implications of the pandemic and its induced financial disaster, growth in the Wristbands segment is readjusted to a revised 14.2% CAGR for the subsequent 7-year period.
The U.S. Market is Believed at $2.8 Billion, When China is Forecast to Mature at 12.5% CAGR
The Wearable Physical fitness Know-how marketplace in the U.S. is believed at US$ 2.8 Billion in the year 2020. China, the world`s 2nd largest overall economy, is forecast to access a projected market dimensions of US$ 3.9 Billion by the calendar year 2027 trailing a CAGR of 12.5% above the assessment interval 2020 to 2027. Between the other noteworthy geographic marketplaces are Japan and Canada, each and every forecast to improve at 11.8% and 11% respectively above the 2020-2027 period. In just Europe, Germany is forecast to develop at around 9.4% CAGR.
Smartshoes Phase to Document 11.3% CAGR
In the world wide Smartshoes section, Usa, Canada, Japan, China and Europe will travel the 11.1% CAGR estimated for this phase. These regional marketplaces accounting for a mixed sector size of US$ 1.2 Billion in the 12 months 2020 will arrive at a projected dimensions of US$ 2.5 Billion by the close of the examination period of time. China will continue being amongst the fastest rising in this cluster of regional markets. Led by nations this sort of as Australia, India, and South Korea, the sector in Asia-Pacific is forecast to reach US$ 2.6 Billion by the year 2027.
Find Competition (Full 35 Featured):
- Adidas AG
- Apple Inc.
- Fitbit Inc.
- Garmin Ltd.
- Jawbone Inc.
- LG Electronics Inc.
- Nike Inc.
- Pebble Technologies Corp.
- Qualcomm Inc.
- Samsung Electronics Co. Ltd.
Key Topics Coated:
II. Govt SUMMARY
1. Sector OVERVIEW
- Influencer Market place Insights
- Planet Current market Trajectories
- Effects of Covid-19 and a Looming World wide Economic downturn
- World wide Competitor Marketplace Shares
- Wearable Physical fitness Technological know-how Competitor Industry Share Circumstance Around the world (in %): 2020E
- International Competitor Market Shares by Phase
2. Focus ON Decide on Players
3. Market Traits & Drivers
4. Global Marketplace Perspective
III. Industry Analysis
IV. Levels of competition
- Total Businesses Profiled: 35
For a lot more details about this report check out https://www.researchandmarkets.com/r/lgtato