North America Wearable Electronics Market Outlook and Forecast to 2030 - Driven by Growing Smartphone & Digital Device Adoption, Technological Advancement, and Heightened Awareness of Health-Related Activities

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.