Research and Markets (www.researchandmarkets.com) has announced the addition of the “European Wearable Technology Market – Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019″ report to their offering.
Europe’s wearable technology market was valued at USD 308.69 million in 2013,
growing at a CAGR of 42.1% from 2014 to 2019
Wearable technology market is a niche market with current domination of a few players. As the technology is new and there are few players, the prices of the products are high.
However, the applications of wearable devices are currently spanning across sectors such as fitness and wellness, infotainment, healthcare and medical and industrial and military. Additionally, the applications of these new technology products are expected to increase with further development in the devices, over the forecast period.
The wearable technology market is segmented by application into fitness and wellness, infotainment, healthcare and medical, and industrial and military. Various products such as smart clothing and smart sports glasses, activity monitors, sleep sensors, smart watches, augmented reality headsets, and monitors in the wearable technology market are further included under these applications. These are further segmented into products with several features.
For example, outdoor activity watches have been segmented into watches with altimeter, barometer and compass. Other products have been further segmented and covered in the report. Among these, the fitness and wellness segment accounted for the highest market share in 2012 and is expected to maintain its position throughout the forecast period due to rising adoption of wearable technology products.
Major market participants profiled in this report include:
- Google Inc.
European Wearable technology market by applications:
- Fitness and Wellness
- Healthcare and Medical
- Industrial and Military
European Wearable technology market by products:
- Smart clothing and smart sport glasses
- Activity monitors
- Sleep sensors
- Smart watches
- Heads-Up displays
- Smart glasses
- Continuous glucose monitor
- Drug delivery
- Wearable patches
- Hand worn terminals
- Augmented reality headsets