Wearables Market in USA 2021-2026, Growing Preference for Wearable Electronic Devices to Boost Market Growth

Key Market Dynamics:

  • market drivers
  • market challenges

That increased desire for portable electronic devices for payment is one of the main drivers for the expansion of the wearables industry in the USA. In order to enable contactless payment by simply tapping and paying through a POS (Point of Sale) terminal, manufacturers of portable electronic devices are implementing Near Field Communication (NFC) technology as a standard in most devices. The increasing acceptance of contactless payment in the USA is responsible for the increasing popularity of this method. Although factors such as increasing concerns about data security and privacy can hamper market growth

To learn about additional key drivers, trends and challenges available with Technavio. Read the FREE sample report now!

The wearables market in the US is segmented by product (smartwatches, wireless headphones, HMDs, smartbands and others) and distribution channel (online and offline).

The smartwatch sector will significantly increase its wearables market share in the US. That increasing demand for smartwatches in developing countries such as China, South Koreaand India is attributed to a significant improvement in consumer choices and lifestyle, particularly in the middle class.

  • product
    • smart watches
    • Wireless Headphones
    • HMD’s
    • Smart Bands
    • Other
  • distribution channel

Download the sample report for additional insights into the contribution of each segment and regional opportunities in the report.

Mentioned some companies with their offers

The growing competition in the market is forcing vendors to adopt various growth strategies such as promotional activities and advertising spending to improve the visibility of their services. Some vendors are also employing inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market competitive landscape and provides information about several market vendors 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.
    • Sony Group Corp.

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Crypto Wallet Market of Service and Geography – Forecast and Analysis 2022-2026: The market share of crypto wallets is expected to grow to USD 686.05 million from 2021 to 2026 and the growth momentum of the market is expected to accelerate at a CAGR of 24.19%.

Wearables Market Scope in the US

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 8.92%

Market growth 2022-2026

$6.85 billion

market structure

fragmented

YoY Growth (%)

6.99

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

Important companies in profile

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.

market dynamics

Root market analysis, market growth triggers and barriers, fast growing and slow growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics and market state analysis for the forecast period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

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Table of Contents

summary

market landscape

  • market ecosystem
  • Analysis of the value chain

market size

  • market definition
  • Market Segment Analysis
  • Market size 2021
  • Market Outlook: Forecast for 2021 – 2026

Five Forces Analysis

  • bargaining power of buyers
  • bargaining power of suppliers
  • The threat of new entrants
  • Danger from substitutes
  • threat of rivalry
  • market condition

Market segmentation by product

  • market segments
  • Comparison by product
  • Smartwatches – Market Size and Forecast 2021-2026
  • Wireless Headphones Market Size and Forecast 2021-2026
  • HMDs – Market Size and Forecast 2021-2026
  • Smart Bands – Market Size and Forecast 2021-2026
  • Others – Market Size and Forecast 2021-2026
  • Market opportunity by product

Market segmentation by distribution channel

  • market segments
  • Comparison by distribution channel
  • Online – Market Size and Forecast 2021-2026
  • Offline – Market Size and Forecast 2021-2026
  • Market Opportunity by Distribution Channel

customer landscape

  • customer landscape
  • market leader
  • market challenges
  • market trends

provider landscape

  • provider landscape
  • disturbance of the landscape

Vendor Analysis

  • providers covered
  • Market positioning of providers
  • 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.
  • Sony Group Corp.

Appendix

  • scope of the report
  • Currency conversion rates for US$
  • research methodology
  • List of abbreviations

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

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