North America Wearable Electronics Market Introduction and Overview
According to SPER Market Research, the North America Wearable Electronics Market is estimated to reach USD 60.57 billion by 2032 with a CAGR of 16.03%.
The report includes an in-depth analysis of the North America Wearable Electronics market, including market size and trends, Procedure mix, distribution channels, and supplier analysis. Wearable electronics are items that may be worn, such as clothing or accessories, and contain electrical components. They can, among other things, track your fitness, monitor your heart rate, receive text messages or phone calls, and play music. Smartwatches, fitness trackers, virtual reality headsets, smart glasses, and even clothing with integrated sensors are examples of wearable electronics.
- November 20, 2022 - Amazfit, a global brand of wearable technology owned by Zepp Health, has debuted the fourth generation of its GTR and GTS series in Qatar with the support of Intertec Group, which serves as the country of Qatar's authorized distributor for Amzfit smart watches. The new watches have superior athletic capabilities, large HD AMOLED displays, and the industry's first circularly polarised GPS antenna technology, all packaged in stylish designs.
- In October 2022, Xiaomi launched the Smart Band 7 Pro in the United Arab Emirates. The Xiaomi Smart Band 7 Pro increases every discriminating user's watching experience in a much more practical and delightful way, thanks to its wider viewing area and auto-brightness feature, without sacrificing its gorgeous details.
Market Opportunities and Challenges
The market for wearable electronic devices in North America offers numerous potential and problems. On the potential front, the region's well-established technology infrastructure, high disposable income, and tech-savvy populace foster the rise of wearable gadgets. Smartwatches, fitness trackers, and augmented reality glasses have gained popularity as a result of increased demand for health monitoring, convenience, and seamless connectivity. Furthermore, the market benefits from a vibrant R&D ecosystem, which fosters continual advances in wearable technology.
However, these opportunities are accompanied by challenges. As wearable gadgets acquire sensitive personal information, data privacy and security issues are big roadblocks. Maintaining customer trust requires striking the correct balance between data gathering and user privacy. Furthermore, market saturation and competition heighten producers' demand for distinctiveness and innovation. As wearables grow increasingly commonplace, concerns like battery life, comfort, and usability must be addressed.
Market Competitive Landscape
The Flowmeters market competitive landscape gives information by competitor. Information include a company overview, financial information, income generated, potential market size, expenditures on development and research, new market initiatives, North America existence, production sites and facilities, production capacities, company advantages and disadvantages, product launch, product width and width, and application dominance.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Components, By Connectivity, By Type of End User Industry
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| Regions covered | United States, Mexico, Canada
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| Companies Covered | Apple, Bose, Fitbit, Garmin Ltd, Huawei, LG Electronics, Nike, Samsung Electronics Co. Ltd., Sony, Xiaomi Inc.
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COVID-19 Impact on North America Wearable Electronics Market
The COVID-19 pandemic had a huge impact on the North American wearable electronics market. While the growing interest in health and fitness tracking has raised demand for wearable devices, the epidemic has also generated supply chain and production process interruptions. As a result, manufacture and distribution of wearable devices have been impeded, resulting in supply shortages and delays. This has had a negative impact on the overall growth of the market. Furthermore, as more people work from home, the demand for wearable gadgets such as smartwatches and fitness trackers has reduced, as people have less need to monitor their activity levels or receive notifications on their wrist.
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
- Others
Our in-depth analysis of the North America Wearable Electronics Market includes the following segments:
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By Product:
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Wrist Wear
Ear Wear and Head Wear
Eye Wear
Foot Wear
Neck Wear
Body Wear and Smart Clothing
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By Components:
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Networking and Positioning Components
Power Supply Components
Sensing Components
Optoelectronic and Display Components
Control Components
Interface Components
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By Connectivity:
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Near Field Communication (NFC)
Cellular Network
Bluetooth Technology
Wi-Fi Network
Other Connectivity Types
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By Type of End User Industry:
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Fitness and Sports & Tracker
Healthcare
Entertainment and Travel & Hospitality
Industrial (Logistics & manufacturing)
Government (Défense, Security, and Public Administration)
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Key Topics Covered in the Report
- North America Wearable Electronics Market Size (FY’2023-FY’2032)
- Overview of North America Wearable Electronics Market
- Segmentation of 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)
- Segmentation of North America Wearable Electronics Market By Components (Networking and Positioning Components, Power Supply Components, Sensing Components, Optoelectronic and Display Components, Control Components, Interface Components)
- Segmentation of North America Wearable Electronics Market By Connectivity {Near Field Communication (NFC), Cellular Network, Bluetooth Technology, Wi-Fi Network, Other Connectivity Types}
- Segmentation of North America Wearable Electronics Market By Type of End User Industry {Fitness and Sports & Tracker, Healthcare, Entertainment and Travel & Hospitality, Industrial (Logistics & manufacturing), Government (Defence, Security, and Public Administration)}
- Statistical Snap of North America Wearable Electronics Market
- Expansion Analysis of North America Wearable Electronics Market
- Problems and Obstacles in North America Wearable Electronics Market
- Competitive Landscape in the North America Wearable Electronics Market
- Impact of COVID-19 and Demonetization on North America Wearable Electronics Market
- Details on Current Investment in North America Wearable Electronics Market
- Competitive Analysis of North America Wearable Electronics Market
- Prominent Players in the North America Wearable Electronics Market
- SWOT Analysis of North America Wearable Electronics Market
- North America Wearable Electronics Market Future Outlook and Projections (FY’2023-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the North America Wearable Electronics Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 North America Wearable Electronics Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Wearable Electronics Market
7. North America Wearable Electronics Market, By Product, 2019-2032 (USD Million)
7.1 Wrist Wear
7.2 Ear Wear and Head Wear
7.3 Eye Wear
7.4 Foot Wear
7.5 Neck Wear
7.6 Body Wear and Smart Clothing
8. North America Wearable Electronics Market, By Components, 2019-2032 (USD Million)
8.1 Networking and Positioning Components
8.2 Power Supply Components
8.3 Sensing Components
8.4 Optoelectronic and Display Components
8.5 Control Components
8.6 Interface Components
9. North America Wearable Electronics Market, By Connectivity, 2019-2032 (USD Million)
9.1 Near Field Communication (NFC)
9.2 Cellular Network
9.3 Bluetooth Technology
9.4 Wi-Fi Network
9.5 Other Connectivity Types
10. North America Wearable Electronics Market, By Type of End User Industry, 2019-2032 (USD Million)
10.1 Fitness and Sports & Tracker
10.2 Healthcare
10.3 Entertainment and Travel & Hospitality
10.4 Industrial (Logistics & manufacturing)
10.5 Government (Défense, Security, and Public Administration)
11. North America Wearable Electronics Market, By Region, 2019-2032 (USD Million)
11.1 North America Wearable Electronics Size and Market Share by Region (2019-2025)
11.2 North America Wearable Electronics Size and Market Share by Region (2026-2032)
11.3 United States
11.4 Canada
11.5 Mexico
12. Company Profiles
12.1 Apple Inc.
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Bose
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Fitbit
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Garmin Ltd
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Huawei
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 LG Electronics
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Nike
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Samsung Electronics Co. Ltd.
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Sony
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Xiaomi Inc.
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
