WEARABLE TECHNOLOGY MARKET ANALYSIS

Leading Companies

Global Wearable Technology Market: Key Developments

Key companies in the market are focused on product launches, in order to enhance the product portfolio. For instance, in January 2020, Suunto Oy, a Finland-based sport swatch company, launched Wear OS smartwatch.

In September 2020, Samsung Electronics Co., Ltd., a South Korea-based electronics company launched the first-ever titanium model of Galaxy Watch3, built with premium materials and a stunning signature rotating bezel. The watch features military-grade durability and water resistance.

In September 2020, Apple Inc., a U.S.-based electronics company launched Apple Watch Series 6 and Apple Watch SE for significant developments in health and wellness features to iPhone, iPad, and Apple TV. Apple Watch Series 6 expanded the health capabilities of previous Apple Watch models with a new feature that measures the oxygen saturation of blood for a better understanding of fitness and wellness.

In April 2021 FitBit Inc., announced the launch of Luxe, a new fashion-forward wellness and fitness tracker with stress and sleep monitoring features.

Global Wearable Technology Market: Key Companies Insights

The Global Wearable Technology Market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global wearable technology market are Key players operating in the global wearable technology market are Adidas, Suunto, Abbott laboratories, Sony, Eurotech, Nike, Google, Inc., Garmin International Inc., Medtronic, Fitbit Inc., and Apple Inc.