Skip to main content

European Wearable Technology Market: Trends, Opportunities and Forecasts 2019

Europe 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.

Obtain Report Details @
http://www.transparencymarketresearch.com/europe-wearable-technology-market.html

Germany acquired the largest market for wearable technologies with a share of 32% in 2012. Technological innovations presented through various conferences on wearable technologies have created awareness and increased its adoption in the country. An example of such conference is Wearable Technology Conference (WTC) in Germany conducted by Wearable Technologies Service GmbH, a key player in the European market. In addition, developments are taking place in the field of self powering wearable devices in the country.

A large number of developments have been taking place in the wearable technology market in UK. In 2014, Wearable Technology Show was held in London which showcased innovative products in wearable technology. Moreover, the UK show also saw an alternative to Google glass, Optinvent Ora. These augmented reality glasses put a see through screen which is three times larger than the Google Glass. Active developments are also taking place in the field of smart clothing. A UK based textile firm Intelligent Textiles develops electrically active woven fabrics for commercial products ranging from body armor to heated bedding and garments connected to iPods. Owing to all these technological developments and new product launches, the demand for wearable technology is expected to rise in UK in the coming years and thus the region is analyzed to grow at a CAGR of 41.8% over the forecast period.

This 54 page report gives readers a comprehensive overview of the European Wearable Technology Market. Browse to unlock the hidden opportunities in this market
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2579

On the basis of application, the European wearable technology market is segmented into infotainment, fitness and wellness, industrial and military, and healthcare and medical. The segment of fitness and wellness led the market in 2012 and is predicted to maintain its superiority in the forecast period. There are a number of products that come under these applications. On the basis of product, the European wearable technology market is segmented into activity monitors, smart sports glasses and smart clothing, smart watches, sleep sensors, smart glasses, head-up displays, drug delivery, continuous glucose monitors, wearable patches, augmented reality headsets, and hand-worn terminals.

Technological advancements in wearable technology have raised the demand for wearable technology devices in Europe. Nonetheless, the increasing cost of wearable devices has led to decreased adoption of these devices.

On the basis of geography, the wearable technology market in Europe is segmented into Germany, the UK, Sweden, Norway, and Denmark. Amongst these, in 2012, Germany held the biggest share in the market – 32%. On the other hand, in the UK, there is huge demand for wearable technology devices owing to the launch of many new products and huge number of technological advancements. These new innovations in the UK are predicted to raise the demand for wearable technology in the forthcoming future and the region is expected to expand at a 41.8% CAGR in the forecast horizon.

Comments

Popular posts from this blog

Mobile Printing Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Mobile printing let end-users print documents when they are in traditional network of away from it The mobile printing enables end-users to print from their devices to any mobile printing application enabled printer located in the office, public print location or at home. Mobile printing is wireless and provides high degree of efficiency to its end-users. It uses 802.11 networking or Bluetooth to communicate and can be used on both local area network (LAN) and wide area network (WAN). Thermal based technology is being used in mobile printing to provide high quality output. There are two types of thermal printing methods which are uses in mobile printing namely direct thermal and thermal transfer. With the help of mobile printing technology the security of the device and system will be enhanced, as an individual is able to set password to prevent unauthorized access, in case of remote printing over internet.. Furthermore, mobile printing reduces need for individual printers on every d

Growing Industrialization will Influence the Oil Condition Monitoring Market Growth

Major players in the global oil condition monitoring market are Bureau Veritas, Intertek, Parker Hannifin Corporation, Castrol Limited, Spectro Analytical Instruments, General Electric Company, and Insight Services Unveils TestOil Oil is an important resource used in various machineries and engines in order to provide lubrication and for temperature regulation. After prolonged usage, oil starts to lose out on its properties and becomes less functional. Using such oil can damage the engine or machinery in which it is being used. Hence, it is necessary to keep a check on the condition of oil and replace or upgrade it after its optimum usage. Oil condition monitoring means keeping a timely check on the quality of oil that is being deployed in the system and taking the necessary steps so that the oil serves its purpose to the fullest. The monitoring also helps in increasing the efficiency of the machine, reduces downtime, and reduces cost, thereby increasing profits. Request A Sampl

Tractor-mounted Sprayers Market to Achieve Significant Growth in the Near Future

In agriculture, a sprayer is an equipment that is used to apply fertilizers, pesticides, and herbicides to crops. These agricultural sprayers can be self-propelled or mounted on a tractor. An agricultural sprayer consists of the following components: a pump, a tank, filters, nozzles, and a boom. A tractor-mounted sprayer tank is made of plastic or steel. It is operated either hydraulically or mechanically. Types of pumps used in a tractor-mounted sprayer are roller pumps, gear pumps, rotary pumps, centrifugal pumps, and diaphragm pumps. Generally, the boom in a tractor-mounted sprayer can be approximately 40 feet in length, with nozzles fitted at regular intervals. The boom generally extends from the tractor-mounted sprayer on both sides so as to extend the spraying area. The key function of a tractor-mounted sprayer is to move the liquid to be sprayed to each of the nozzles in a boom. Rising population across the world is increasing the demand for food grains. Howev