Global Wearable Tracking Devices Market is Expected to Reach Significantly to USD 81.5 billion by 2024 at CAGR of 17%

May, 2018 | Source: Profshare Market Research

Global Wearable Tracking Devices   Market is Expected to Reach Significantly to USD 81.5 billion by 2024 at CAGR of 17%.  


Wearable Tracking Devices which is also known as fashion technology are accessories blending with advance electronic technologies.Wearable tracking devices for example activity trackers and Smartwatches tracking locations are good examples of IOT (Internet of Things).The devices are a part of network systems of physical objects entrenched with software, sensors, electronics and connectivity to assist objects to interchange data with an operator or other connected devices.  


Market size of Wearable tracking device in 2017 was valued at USD 27.16 billion growing at CAGR of 17% to reach USD 81.5 billion by 2024. Wearable tracking device technology in market has witness growing adoption owing to factors such as ease of use, flexibility and convenience. Moreover, it provides real time data monitoring, operational efficiency and fitness tracking which further supports the market growth.  


Wearable Tracking Devices market

Key Players for Wearable Tracking Devices Market:

Some of the leading market players are Adidas (Germany), Gramin Ltd (Switzerland), Apple Inc (US), Pebbel Technology Corp (US), Samsung Electronics Co Ltd (South Korea), Sony (Japan), Fitbit, Inc. (US), Google Inc. (US), Xiaomi Technology Co., Ltd. (China).  


Segmentation by type of wearable tracking device market:

• Smart watches, • Eye ware, • Foot ware, • Smart glasses  


Segmentation by type of application tracking device market:

Wearable health tracking devices enable a user to check health related content on their smart wearables. Obesity has become a important issue globally hence people are preferring wearable technology for checking the health related data. Wearable fitness tracking devices enable user to monitor their fitness activity.some of the application mostly preferred are: • Fitness Tracker Wearable Devices • Non Smart Watches Wearable Devices • Smart Watches Wearable Devices • Smart glasses Wearable Devices  


Globally North America is the largest market for Wearable Tracking Devices, large share of this market is focused on the rise in new, updated and faster technologies which help in an effective and efficient manner. The geographical analysis of the global wearable devices market covers North America, Europe, Asia-Pacific, and LAMEA. Various countries covered under each region are studied and analyzed to identify the major trends demonstrated by these respective regions. North America dominated the market in 2015, followed by Europe. North America largely uses wearable tracking devices technology in various application areas such as fitness tracking and health tracking. However, this technology is in their emerging state in developing countries.  


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