NEW YORK, Aug. 8, 2022 /PRNewswire/ -- The "Wearables Market in US" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the wearables market in the US between 2021 and 2026 is USD 6.85 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
The increased desire for wearable electronic devices for payment is one of the major drivers fueling the wearables industry expansion in the US. To enable contactless payment by a simple tap and pay via a POS (point of sale) terminal, manufacturers of wearable electronic gadgets are implementing Near-field communication (NFC) technology as a standard in most devices. The growing acceptance of contactless payment in the US is responsible for this method's rising popularity. Although factors such as increasing concerns over data security and privacy may impede the market growth
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The wearables market in the US is segmented by Product (Smartwatches, Wireless headphones, HMDs, Smart bands, and Others) and Distribution Channel (Online and Offline).
The smartwatch sector will significantly increase its wearables market share in the US. The rise in demand for smartwatches in developing nations like China, South Korea, and India is ascribed to a significant improvement in consumer choices and lifestyles, particularly among the middle-class population.
Download the sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned with their Offerings
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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Crypto Wallet Market by Service and Geography - Forecast and Analysis 2022-2026: The crypto wallet market share is expected to increase to USD 686.05 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 24.19%.
Wearables Market Scope in the US
Growth momentum & CAGR
Accelerate at a CAGR of 8.92%
Market growth 2022-2026
$ 6.85 billion
YoY growth (%)
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Table of Contents
Value chain analysis
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
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
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
Comparison by Distribution channel
Online - Market size and forecast 2021-2026
Offline - Market size and forecast 2021-2026
Market opportunity by Distribution channel
Market positioning of vendors
Fossil Group Inc.
Huawei Investment and Holding Co. Ltd.
Lenovo Group Ltd.
LG Electronics Inc.
Motorola Mobility LLC
Samsung Electronics Co. Ltd.
Sony Group Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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