Wearable Technology Market
Wearable technology is quickly becoming a major force in today's world and industries. There are many reasons that wearable technology has developed over the years although the main reason for the recent development has been the development of electronics that are small, lightweight, and can be worn on the body without restricting movement. As with many technological advances, wearable technology has come from the traditional areas of medicine and military research and also from everyday consumer products such as handbags and watches Electronic devices can provide improved sensory feedback. Many people suffer from sensory processing disorders such as sensory integration disorder, which means they have problems with textures, smells and other types of ‘bodily’ sensations. Some people with this disorder have an extra sensory organ such as an ear or nose that allows them to fully experience physical things.
Market Dynamics:
Growing smartphone users is expected to boost the global wearable technology market growth over the forecast period. According to the Pew Research Center, in 2020, around 85% of people in the U.S. had smartphones, increasing from 70% in 2019. According to the same source, tablet users in the U.S. increased from 34% in 2020 to 52% in 2021. This, in turn, has significantly increased the adoption of wearable devices including smart watches.
Key features of the study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on “Global Wearable Technology Market” - Global forecast to 2030
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