North America Wearable Electronics Market News
Impact of COVID on North America Wearable Electronics Market: The ongoing Covid-19 pandemic has benefited the demand for Wearable Electronics, but due to supply chain disruptions, the supply side of Wearable Electronics has suffered. During the months of lockdowns, numerous individuals, particularly those affected by the virus, turn to activities such as walking, running, and at-home workouts due to the rising health consciousness and awareness. As a result, they became interested in purchasing wearables like smart watches to track their progress. So even though the demand was high, but the disrupted supply chain, limited transportation, lower workforce capacity, and restricted trade/import & export had halted the manufacturing of wearable electronics products, resulting in lower sales.
Adoption of Medical Monitoring and Healthcare Wearable Device: Individuals are now working out more as a result of the pandemic, particularly those who were affected by the virus, as most people felt weak and faced numerous health issues, such as breathing problems, anxiety, that also causes blood pressure. This encourages them to opt for wearable electronics products to regain their good health without visiting a gym, yoga studio, and ground for jogging or running.
Rising Awareness Regarding Sports & Fitness, Notably after the COVID-19 Pandemic: Wearable technology functionalities are reducing hospital visits for health problems, such as high blood pressure and tachycardia as wearables allow them to keep track of their health information without having to visit hospitals. According to a COVID-19 Healthcare Coalition poll conducted in February 2021, the majority of telehealth users were interested in monitoring chronic conditions such as high blood pressure. Blood pressure monitoring will become an even more desirable feature as wearables become more widely used in healthcare.
Analysts at Ken Research in their latest publication “North America Wearable Electronics Market Outlook and Forecast to 2027 – Driven by Growing Smartphone & Digital Device Adoption, Technological Advancement, and Heightened Awareness of Health-Related Activities” believe that the Wearable Electronics market is expected to grow due to the rising adoption of smart electronics devices, and health tracking equipment’s.
Key Segments Covered in North America Wearable Electronics Market:-
North America Wearable Electronics Market By Product
Ear Wear and Head Wear
Body Wear and Smart Clothing
North America Wearable Electronics Market By Components
Networking and Positioning Components
Power Supply Components
Optoelectronic and Display Components
North America Wearable Electronics Market By Connectivity
Near Field Communication (NFC)
Other Connectivity Types
North America Wearable Electronics Market By Type of End User Industry
Fitness and Sports & Tracker
Entertainment and Travel & Hospitality
Industrial (Logistics & Manufacturing)
Government (Defense, Security & Public Administration)
North America Wearable Electronics Market By Geography and Major Countries
To learn more about this study – Request for Free Sample Report
Key Target Audience:-
Wearable Electronics Products Manufacturers
Consumer Electronics Products Manufacturers
Wearable App Developers
Raw Material Suppliers for Wearable Electronics Products
Potential Investors in Wearable Electronics
Wearable Electronics Distributors
Wearable Electronics Advocacy Groups
Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Major Wearable Electronics Product Companies in North America Mentioned in the Report:
Notable Emerging Wearable Electronics Product Companies in North America Mentioned in the Report:
Strong Arm Technologies
Key Topics Covered in the Report:-
Snapshot of North America Wearable Electronics Industry
Industry Value Chain and Ecosystem Analysis
Market Size and Segmentation of North America Wearable Electronics Market
Historic Growth of Overall North America Wearable Electronics Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of North America Wearable Electronics Industry
Overview, Product Offerings and SWOT Analysis of All the Key Competitors
Covid 19 Impact on the Overall North America Wearable Electronics Market
Future Market Forecast and Growth Rates of the Total North America Wearable Electronics Market and by Segments
Market Size of End User Industries with Historical CAGR and Future Forecasts
Analysis of North America Wearable Electronics Market in Major North American Countries
Major Production/Consumption Hubs in the Major Countries
Major Production/Supply and Consumption/Demand Hubs in Each Major Country
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging North America Wearable Electronics Companies within Each Major Country
For more information on the research report, refer to below link:–
India Consumer Wearables Market Outlook To 2025- By Type (Fitness Trackers And Smart-Watches), By Sales Channel (Online And Offline), By Price Segment (Under ₹ 1000 ,₹1000 – ₹ 10,000 , ₹10,000 – ₹ 20,000 And Above ₹ 20,000) And By Sales Region (North, South East And West)
Ankur Gupta, Head Marketing & Communications
Frequently Asked Questions:-
What is the Study Period of this Market Report?
The North America Wearable Electronics Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.
What is the Future Growth Rate of North America Wearable Electronics Market?
The North America Wearable Electronics Market is expected to witness a CAGR of above 15% over the next 5 years.
What are the Key Factors Driving the North America Wearable Electronics Market?
Rising number of millennial parents who are increasingly health conscious and adopting natural, minimally processed food is expected to be the primary driver of this market.
Which is the Fastest Growing Product Segment within the North America Wearable Electronics Market?
Neck Wear is the fastest growing product segment within the North America Wearable Electronics Market.
Who are the Key Players in North America Wearable Electronics Market?
Apple, Garmin, Fossil Group, Huawei, Samsung Electronics, Sony, LG Electronics, Fitbit
Nike, Xiaomi and Bose are the major companies operating in North America Wearable Electronics Market.