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Global Wearable Electronics Market to Reach $50 Billion by 2024SAN FRANCISCO, Aug. 6, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wearable Electronics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. FACTS AT A GLANCE Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry ABSTRACT- Global Wearable Electronics Market to Reach $50 Billion by 2024 Wearable electronics market continues to grow led by the growing adoption of wearables in varied application markets. The expanding Internet penetration rates, increase mobile subscriber base and growing adoption of digital technologies are all favoring growth. The market is also benefiting from the growing integration of advanced technologies such as AI and VR into wearable devices. With an appropriate mobile app ecosystem being developed for wearable devices, consumers are displaying greater preference for such devices. Growth in smartphone users and increasing availability of apps compatible with wearables are also fostering growth. Rising consumer preference for connected digital devices and rapid growth of IoT also present growth opportunities. North America, being the hub of technology advancements, is witnessing high demand for advanced wearable technologies. Rising disposable incomes and development of advanced devices is fueling market growth. Increasing investments being made by sports associations in technologies to prevent injuries to professional athletes and enhance their performance are leading to growth in wearable electronics market. Increased level of Internet access, high broadband penetration, rising penetration and usage of smartphones, tablets and other such devices, and replacement of traditional televisions with smart TVs are likely to boost market for wearables in the Asia-Pacific as well as other developing regions. The market for Wristwear is expected to emerge as the major product segment over the analysis period. With some of the leading industry players launching new and advanced products with better features and functionalities in view of the growing customer focus on fitness and healthcare, the market for wristwear is expected to make strong gains in the coming years. A variety of products such as smartwatches, fitness bands, and smart bands, are gaining popularity among consumers. In particular smartwatches are growing in popularity as they allow individuals to gain access to mobile services. Growing health consciousness of consumers is leading to high demand for time efficient and cost effective solutions, thus fueling growth in the wristwear market. More MarketGlass™ Platform Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android About Global Industry Analysts, Inc. & StrategyR™ CONTACTS: LINKS Connect With Us on LinkedIn Follow Us on Twitter Journalists & Media View original content to download multimedia:https://www.prnewswire.com/news-releases/global-wearable-electronics-market-to-reach-50-billion-by-2024-301349089.html SOURCE Global Industry Analysts, Inc. |