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

Market Overview

The report titled “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” provides acomprehensive analysis of the North America Wearable Electronics Market. The report provides industry size basis revenue and value chain analysis, market segmentations based on Product, Components, Connectivity, End user industries, competition benchmarking, COVID impact, future projections and trends, drivers & challenges.  It also provides the market by Revenue of the major countries in the North America region and also provides the country level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.

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North America Wearable Electronics Market Outlook, Drivers and Challenges

The Wearable Electronics market in North America is expected to witness strong growth over the next five years, primarily driven by the rising penetration of smartphones across countries which are positively influencing an increase in the adoption of Wearable Electronics in North America. The benefits associated with these wearable electronics, such as the ease of taking calls from a watch without a handset, fitness tracking, and all-day heart monitoring, GPS location are fueling demand for them.

The increasing Adoption of Medical Monitoring and Healthcare Wearable Devices among individuals, particularly those affected by the COVID virus, as most people felt weak and faced numerous health issues, such as breathing problems, anxiety, which also causes blood pressure, led to a higher adoption of wearable electronics to continuously monitor their health without visiting the hospital or medical center. According to a healthinsurance.com survey, heart health monitoring devices will become more popular as more doctors embrace digital tools to track and treat chronic illnesses. While doctors are generally thought to be less tech-savvy, 60% of Medicare-eligible seniors say they have embraced technology more since the pandemic.

Battery life is one of the major challenges in wearable tech industry. The wearable devices necessitate effective power management as battery space is limited in wearable devices. Therefore, efficient utilization of available battery life is critical in order for the devices to run for a decent length of time. As a result, most wearable devices communicate via Bluetooth rather than Wi-Fi, as Bluetooth technology consumes less energy than Wi-Fi when performing the same tasks.

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Key Segments Covered in North America Wearable Electronics Market:-

North America Wearable Electronics Market By Product

  • Wrist Wear
  • Ear Wear and Head Wear
  • Eye Wear
  • Foot Wear
  • Neck Wear
  • Body Wear and Smart Clothing

North America Wearable Electronics Market By Components

  • Networking and Positioning Components
  • Power Supply Components
  • Sensing Components
  • Optoelectronic and Display Components
  • Control Components
  • Interface Components

North America Wearable Electronics Market By Connectivity

  • Near Field Communication (NFC)
  • Cellular Network
  • Bluetooth Technology
  • Wi-Fi Network
  • Other Connectivity Types

North America Wearable Electronics Market By Type of End User Industry

  • Fitness and Sports & Tracker
  • Healthcare
  • Entertainment and Travel & Hospitality
  • Industrial (Logistics & manufacturing)
  • Government (Defense, Security, and Public Administration)

North America Wearable Electronics Market By Geography and Major Countries:-

  • U.S.
  • Canada
  • Mexico

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

Companies Mentioned:-

Key Competitors in North America Wearable Electronics Market

  • Apple
  • Garmin
  • Fossil
  • Huawei
  • Samsung Electronics
  • Sony
  • LG Electronics
  • Fitbit
  • Nike
  • Xiaomi
  • Bose

Emerging Wearable Electronics Companies in North America

  • Strong Arm Technologies
  • Whoop
  • Nextiles
  • Nymi
  • Muse
  • Hexoskin
  • ADES Technologies
  • Machina

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

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.

Scope

Scope

1. Executive Summary

Highlights of Total North America Wearable Electronics Market Historic Growth & Forecast

Highlights of Market Trends, Challenges and Competition

Highlights of Market Revenue Share by Segments

2. Market Overview and Key Trends Impacting Growth

Market Definition and Key Terms & Abbreviations

North America Wearable Electronics Market Scope & Segmentation

Industry Value Chain

Ecosystem of Major Entities in North America Wearable Electronics Market

Government Regulations & Developments

Key Growth Drivers & Challenges Impacting the Market

Covid-19 Impact on North America Wearable Electronics Market

Total North America Wearable Electronics Market Historic Growth by Segment Type, 2017-2021

  • By Product
  • By Component
  • By Connectivity
  • By End User Industry
  • By Major Country

Key Takeaways

3. Total North America - Market Segmentation by Product, Historic Growth, Outlook & Forecasts

Market Definition - Segmentation by Product Type

Market Revenue Share, Historic Growth, Outlook and Forecasts by Source Type, 2017-2027

  • Wrist Wear
  • Ear Wear and Head Wear
  • Eye Wear
  • Foot Wear
  • Neck Wear
  • Body Wear and Smart Clothing

Key Takeaways from Market Segmentation by Product Type

4. Total North America - Market Segmentation by Components, Historic Growth, Outlook & Forecasts

Market Definition - Segmentation by Components Type

Market Revenue Share, Historic Growth, Outlook and Forecasts by Components Type, 2017-2027

  • Networking and Positioning Components
  • Power Supply Components
  • Sensing Components
  • Optoelectronic and Display Components
  • Control Components
  • Interface Components

Key Takeaways from Market Segmentation by Components Type

5. Total North America - Market Segmentation by Connectivity Type, Historic Growth, Outlook & Forecasts

Market Definition - Segmentation by Connectivity Type

Market Revenue Share, Historic Growth, Outlook and Forecasts by Connectivity Type, 2017-2027

  • Near Field Communication (NFC)
  • Cellular Network
  • Bluetooth Technology
  • Wi-Fi Network
  • Other Connectivity Types

Key Takeaways from Market Segmentation by Connectivity Type

6. Total North America Market Segmentation by End User Segment/Industry, Growth, Outlook & Forecasts

Market Definition - Segmentation by End User Industry

Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027

  • Fitness and Sports & Tracker
  • Healthcare
  • Entertainment and Travel & Hospitality
  • Industrial (Logistics & Manufacturing)
  • Government (Defense, Security & Public Administration)

Key Takeaways from Market Segmentation by End User Industry

7. Industry / Competition Analysis - Competitive Landscape

Types of Players (Competitors) & Business Models

Porter’s 5 Forces Analysis of North America Wearable Electronics Competitors

Key Developments in the North America Wearable Electronics Competitors Impacting Market Growth

Comparison of Leading Competitors within North America Wearable Electronics Market

Key Takeaways from Competitive Landscape

8. Key Competitor Profiles

Company Overview, Product Offerings and Key Developments, SWOT Analysis

  • Apple Inc.
  • Garmin
  • Fossil Group
  • Huawei
  • Samsung Electronics
  • Sony
  • LG Electronics
  • Fitbit
  • Nike
  • Xiaomi
  • Bose

9. Geographic Analysis & Major Countries Market Historic Growth, Outlook and Forecasts

Total North America - Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2027

Major Countries Market Analysis, Historic Growth, Outlook & Forecasts

  • U.S. – Wearable Electronics Market Analysis
    • Major Production and Consumption Hubs in U.S.
    • Major Emerging Wearable Electronics Companies in U.S.
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Product Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Components Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Connectivity Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027 
  • Canada - Wearable Electronics Market Analysis
    • Major Production and Consumption Hubs in Canada
    • Major Emerging Wearable Electronics Companies in Canada
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Product Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Components Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Connectivity Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027 
  • Mexico - Wearable Electronics Market Analysis
    • Major Production and Consumption Hubs in Mexico
    • Major Emerging Wearable Electronics Companies in Mexico
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Product Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Components Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by Connectivity Type, 2017-2027
    • Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027 

     Key Takeaways from Geographic Analysis and Major Country Market Forecasts

  1. 10.           Industry Experts Opinions/Perspectives

Notable Statements/Quotes from Industry Experts and C-Level Executives on current and future state of the industry

  1. 11.           Analyst Recommendations

Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities

  1. 12.           Appendix

Research Methodology

Prominent Information Sources

Sample Discussion Guide

Disclaimer

  1. 13.           Contact Us

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Products

Products

Key Segments Covered in North America Wearable Electronics Market:-

North America Wearable Electronics Market By Product

  • Wrist Wear
  • Ear Wear and Head Wear
  • Eye Wear
  • Foot Wear
  • Neck Wear
  • Body Wear and Smart Clothing

North America Wearable Electronics Market By Components

  • Networking and Positioning Components
  • Power Supply Components
  • Sensing Components
  • Optoelectronic and Display Components
  • Control Components
  • Interface Components

North America Wearable Electronics Market By Connectivity

  • Near Field Communication (NFC)
  • Cellular Network
  • Bluetooth Technology
  • Wi-Fi Network
  • Other Connectivity Types

North America Wearable Electronics Market By Type of End User Industry

  • Fitness and Sports & Tracker
  • Healthcare
  • Entertainment and Travel & Hospitality
  • Industrial (Logistics & manufacturing)
  • Government (Defense, Security, and Public Administration)

North America Wearable Electronics Market By Geography and Major Countries:-

  • U.S.
  • Canada
  • Mexico

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


Companies

Companies Mentioned:-

Key Competitors in North America Wearable Electronics Market

  • Apple
  • Garmin
  • Fossil
  • Huawei
  • Samsung Electronics
  • Sony
  • LG Electronics
  • Fitbit
  • Nike
  • Xiaomi
  • Bose

Emerging Wearable Electronics Companies in North America

  • Strong Arm Technologies
  • Whoop
  • Nextiles
  • Nymi
  • Muse
  • Hexoskin
  • ADES Technologies
  • Machina

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