Dan’s Biz Bookshelf: Four Important Books You Need to Read (Not Just Say You Have)
The Marketing Minute: Cracking the Code of Technical Marketing
Wearable Technology Market Growing at a CAGR of 15.5% and Expected to Reach $51.6 Billion by 2022
July 2, 2019 | PRNewswireEstimated reading time: 1 minute
The wearable technology market is estimated to grow from $21.7 billion in 2016 to $51.6 billion by 2022; it is expected to grow at a CAGR of 15.5%. The emergence of wearable technology is expected to transform the outlook of computing on-the-go. Application areas for wearable technology range from consumer durables and healthcare to enterprise, industrial, and so on. As the technology matures, it is expected to find new application verticals and increased applications in existing ones such as the wearable technology used in medical surgery.
Wearables products type to hold largest size during forecast period
The growth of this segment is attributed to the increase in awareness of fitness and healthcare as well as increase in consumer expectations. The consumer preference is expected to grow stronger with the participation of new players and launch of new products in the wearable technology market. Key industry players are introducing new advanced wearable products which cater to various new application areas. For instance, wearable devices are currently used in medical surgery and oil and refinery plants.
Headwear & eyewear to witness fastest growth during forecast period
Headwear & eyewear includes augmented and virtual reality products, both of which have multiple applications in consumer and enterprise industries. Headwear & eyewear devices have major applications in the commercial sector such as sports and video games. Hence, this market is expected to grow at the highest rate during the forecast period.
Americas is expected to hold the largest market size of wearable technology market during forecast period
The market growth is attributed several factors technological innovations and advancements leading to the introduction of new products. Other factors promoting the growth of the market are the increasing prevalence of chronic diseases and lifestyle diseases such as diabetes, and ease of use.
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Indium Corporation Earns Mexico Technology Award for New Halogen-Free Flux-Cored Wire
09/18/2025 | Indium CorporationIndium Corporation recently earned a Mexico Technology Award for its new high-reliability, halide- and halogen-free flux-cored wire, CW-807RS, which improves wetting speeds and cycle times for electronics assembly and robot soldering applications.
Blaize, Technology Control Company Partner to Power Saudi Arabia’s Next-Generation AI Innovation Infrastructure
09/17/2025 | BUSINESS WIREBlaize Holdings, Inc., a leader in programmable, energy-efficient edge AI computing, and Technology Control Company (TCC), a leading technology solutions provider in the Kingdom of Saudi Arabia (KSA), announced a strategic partnership to advance Saudi Arabia’s AI innovation infrastructure and accelerate its digital transformation goals.
BLT Joins Microchip Partner Program as Design Partner
09/17/2025 | BUSINESS WIREBLT, a U.S.-owned and operated engineering design services firm announced it has joined the Microchip Design Partner Program.
Curing and Verification in PCB Shadow Areas
09/17/2025 | Doug Katze, DymaxDesign engineers know a simple truth that often complicates electronics manufacturing: Light doesn’t go around corners. In densely populated PCBs, adhesives and coatings often fail to fully cure in shadowed regions created by tall ICs, connectors, relays, and tight housings.
On the Line With… Podcast: UHDI and RF Performance
09/17/2025 | I-Connect007I-Connect007 is excited to announce the release of a new episode in its latest On the Line with... podcast series, which shines a spotlight on one of the most important emerging innovations in electronics manufacturing: Ultra-High-Density Interconnect (UHDI).