Global Wearable Fitness Technology Market Value of USD 12.44 Billion by 2022 - Trends, Technologies & Opportunites Report 2016-2022 - Key Vendors: Garmin, Jawbone, Nike

News provided by

Research and Markets

16 Mar, 2016, 13:10 GMT

DUBLIN, March 16, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/zjk89n/wearable_fitness) has announced the addition of the "Wearable Fitness Technology Market by Product, Category, Component & Geography - Global Forecast to 2022" report to their offering.

The global market for wearable fitness technology is forecast to reach a value of USD 12.44 Billion by 2022. This market is primarily driven by consumer preference for sophisticated gadgets, increasing popularity of wearable fitness and medical devices, increasing awareness about fitness, and rise in disposable incomes in developing economies.

The wearable fitness technology market for smartwatches is expected to grow at the highest CAGR during the forecast period. Smartwatches held around the largest share of the total market in 2015, of many additional features other than fitness tracking such as text messaging, phone calls, social media, and music. A smartwatch provides all features of a wristband along with many additional ones, thus it is expected that more consumers would prefer smartwatches over wristbands in future.

The market for displays was the highest in 2015. Display being the most expensive part of a wearable device, it has larger market size then than other components. Also, display technology is evolving day by day, and new technologies such as organic light-emitting diode (OLED), active-matrix organic light-emitting diode (AMOLED), tactile/haptic touch, and more are being incorporated in new products by companies.

The report will help the companies in this market in the following ways:

  • The report segments the wearable fitness technology market comprehensively and provides the closest approximations of the size of the overall market and the subsegments across regions.
  • The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to better understand the competitor and gain more insights to better their position in the business.

Companies Mentioned:

  • Adidas AG
  • Apple Inc.
  • Fitbit Inc.
  • Garmin Ltd.
  • Jawbone Inc.
  • LG Electronics Inc.
  • Nike Inc.
  • Pebble Technology Corp.
  • Qualcomm Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corp.
  • Xiaomi Technology Co. Ltd.

Report Structure:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Analysis

7 Market, By Product

8 Market, By Product Category

9 Market, By Component

10 Market, By Technology

11 Wearable Fitness Technology, By Activity Tracking

12 Wearable Fitness Technology, By Software and Services

13 Geographic Analysis

14 Competitive Landscape

15 Company Profiles

16 Appendix

For more information visit http://www.researchandmarkets.com/research/zjk89n/wearable_fitness

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716