Wearables Market in the US: By Product and Distribution Channel |
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NEW YORK, Feb. 11, 2022 /PRNewswire/ —
Wearables Market in US Facts at a Glance-
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Total Pages: 120
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Companies: 10+ – Including Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., LG Electronics Inc., Motorola Mobility LLC, Samsung Electronics Co. Ltd., and Sony Group Corp. among others.
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Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
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Segments: Product (smartwatches, wireless headphones, HMDs, smart bands, and others) and Distribution channel (online and offline)
The Wearables Market in US Share is expected to increase by USD 6.85 billion from 2021 to 2026, at an accelerated CAGR of 8.92% according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
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Vendor Insights-
The wearables market in the US is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Alphabet Inc.- The company offers wearables such as Fitbit Sense, Fitbit Versa 3, and Fitbit Versa 2.
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Fossil Group Inc.- The company offers wearables such as Gen 5, Gen 5E, Fossil Sport Smartwatch Black Silicone, GEN 6, and many more.
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Garmin Ltd.- The company offers wearables such as Vivoactive, Venu, Forerunner, Instinct, Fenix, and many more.
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Segmentation Analysis & Forecasts
The wearables market share growth in the US by the smartwatches segment will be significant during the forecast period. The growth is attributed to the increase in demand for smartwatches in developing countries such as China, South Korea, and India owing to the substantial improvement in lifestyles and consumer preferences, especially among the middle-class population. This increase in watch production has increased the demand for smartwatches, which, in turn, has spurred the growth of the smartwatch market in the US.
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Latest Drivers & Trends Driving the Market-
Wearables electronic device manufacturers are integrating Near-field communication (NFC) technology as a standard into most devices to enable contactless payment by a direct tap and pay via a POS (point of sale) terminal. The rising popularity of this method is attributed to the growing adoption of contactless payment across the US. The growing adoption of contactless payment is increasing the number of partnerships among the market participants to…
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