US Wearables Market: 6.99% CAGR in 2022

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Wearables Market in the United States Product Outlook (Revenue, USD Billion, 2021-2026)

  • Smartwatches – size and forecast 2021-2026
  • Wireless headphones – size and forecast 2021-2026
  • HMD – size and forecast 2021-2026
  • Smart bands – size and forecast 2021-2026
  • Others – size and forecast 2021-2026

Wearables Market in US Distribution Channels Outlook (Revenue, USD Billion, 2021-2026)

  • Online – size and forecast 2021-2026
  • Offline – size and forecast 2021-2026

The growth of the market share of wearables in the United States by the smartwatch segment will be significant during the forecast period. The growth is attributed to increasing demand for smartwatches in developing countries such as China, South Koreaand India due to substantially improved consumer lifestyles and preferences, especially among the middle class population. This increase in watch production has increased the demand for smartwatches, which has driven the growth of the smartwatch market in the United States.

Growing preference for portable electronic devices for payment to drive market

Manufacturers of portable electronic devices are integrating Near Field Communication (NFC) technology standard in most devices to allow contactless payment by a direct tap and pay via a POS (point of sale) terminal. The the growing popularity of this method is attributed to the growing adoption of contactless payment in the United States. The growing adoption of contactless payment is increasing the number of partnerships between market players to facilitate the use of portable electronic payment devices. Due to the growing adoption of contactless payment through portable electronic devices, vendors such as Apple Inc., Samsung Group, Garmin Ltd. and Xiaomi Inc.. are increasingly integrating contactless payment functionality into their offerings, which is expected to have a positive impact on the growth of the wearables market in the United States over the forecast period.

Growing concerns over data security and privacy related to these devices will challenge the growth of the market

With more advanced features built into portable electronic devices, huge volumes of data are stored and accessed through these devices, including customer call and message details, health information and debit/credit card information. Data generated by a smartwatch can be easily decoded using a wireless interceptor. There are also several portable electronic devices that are integrated with NFC technology that allows these devices to store customer information and facilitate contactless transactions and data exchanges via these devices. Thus, the risk of security and privacy breaches is expected to hamper the growth of the wearables market in the United States during the forecast period.

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Some of the leading wearables companies in the United States:

  • 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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United States Wearable Clothing Market

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 8.92%

Market Growth 2022-2026

$6.85 billion

Market structure

Fragmented

Annual growth (%)

6.99

Regional analysis

WE

Successful market contribution

100% United States

Main consumer countries

WE

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market Outlook: Forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Smartwatches – Market size and forecast 2021-2026
  • Wireless Headset – Market size and forecast 2021-2026
  • HMD – Market size and forecast 2021-2026
  • Smart Strips – 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 factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • 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.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Technavio

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