- The key vendors in the wearable electronics market in US 2015-2019 are Adidas, Apple, BAE Systems, Carré Technologies, Fitbit, Garmin, Jawbone, Kopin, LG Electronics, Nike, Ohmatex, Recon, Omsignal, Rockwell Collins, Samsung, Seiko Epson, Sony and Vuzix.
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the wearable electronics market in US 2015-2019. Wearable devices such as smart glasses are being widely used by enterprises such as Boeing and BMW in the US. Many small and large vendors in the market provide various devices equipped with the latest technologies at competitive prices. The wearable electronics market in the US is expected to grow at a CAGR of 69.53% during the forecast period of 2015-2019.
The introduction of new semiconductor processing technologies has enabled the development of miniaturized sensors and low-power radio chips, which is taking wearable technology to new heights. The wearable electronics market in the US will also be driven by the high priority that US consumers give to overall health and fitness and by their preference for staying connected with others and frequently accessing content on mobile sites and apps.
“Consumers have started using smart watches, wrist bands, and wearable rings to monitor their daily fitness and health activity, listen to music, stream virtual and 3D videos, participate in virtual gaming, and access social networking sites such as Facebook, LinkedIn, and Twitter through wearable screens,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Wearable Electronics Market in US 2015-2019, please send an e-mail to media@TechNavio.com
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