Wearable Electronics Market - Global Industry Analysis and Opportunity Assessment 2014 - 2020: Future Market Insights

Products in the wearable electronics market comprise electronic devices thatcan be worn by a user. Wearable electronic devices integrates computing and communication and enablesthe user to perform certain tasks with ease. The wearable electronics market is expected to grow ata strong double-digit growth rate over thenext five years (2015–2020). The strong market growth is attributedtovarious factors such as innovativeproduct development in wrist wear, neck wear and footwear, improvement in display qualities, need for faster work operations, and government focus on developments. On the other hand, there are various factors affecting growth of the Wearable Electronics market in a negative way such as high price of wearable electronics, limited battery life etc.Growing demand for improved, fast and accurate accessibility to information are factors contributing to the expected double-digit growth rate of the wearable electronics market over the next five years Wearable electronics are user-friendly devices.

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The wearable electronics market can be segmented into products, components, applications technology and geographies. Major products included under wearable electronics are eye wear, wrist wear, neck wear, head wear, footwear and body wear. The products can be further sub-segmented as watches, bands, goggles, ties, collars, lenses, headsets and head band. The various components present in these products include sensors, controllers, power supply units, networking components, displays, memory cards and interface components. By technology, the market can be further segmented into computing technology and display technology. Display technology majorly includes networking technologies, positioning technologies, sensor technologies and speech recognition technologies.

On the basis of applications, the wearable electronics market can be categorized into...