What is Wrist Computers Market?
Technological developments in wearable devices are driving the market of wrist computers. These are the accessories worn on the body such as smart watches. It has various features such as fitness tracker and functions such as read mails and view images and video. Smart wearable devices contains the touch screen interface and include calculators, maps, and personal organizations. Hence, these added features are increasing the popularity which is fueling the market growth.
Highlights from Wrist Computers Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Apple (United States), Google (United States), Samsung (South Korea), Sony (Japan), Addidas (Germany), Fitbit (United States), Xiaomi (China), Garmin (United States), Jawbone (United States) and Misfit (United States) |
The market of wrist computers are focusing on the innovations for ease of operations and optimizations. Also, the players are investing on R&D. The wide range of applications are influencing the vendors to manufacture efficient devices. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wrist Computers market throughout the forecasted period.
Apple (United States), Google (United States), Samsung (South Korea), Sony (Japan), Addidas (Germany), Fitbit (United States), Xiaomi (China), Garmin (United States), Jawbone (United States) and Misfit (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are HUAWEI (China), Polar Electro (Finland) and Vuzix (United States). Wrist Computers Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Sports, Fitness, Medical and Military |
End users | Sports person,Caregivers,First Responders |
Material type | Aluminum,Stainless Steel,Titanium,Ceramic,Others |
Distribution channel | Online,Electronic stores,Specialty stores |
Display | OLED coloured,Colourless display |
On the basis of geography, the market of Wrist Computers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity among the Consumers
Market Growth Drivers:
Increasing demand of wrist dive computers is fueling the market growth. It has the smaller size and convenient to look. Depending on the diving type the wrist computers increases safety. In addition, it stores the critical information of the previous dives which can be accessed later. Hence, it is contributing toward the market growth
Challenges:
Lack of Effective Power Management
Restraints:
High Costs Associated with the Wrist Computer may hinder the Market Growth
Opportunities:
Technological Developments are increasing the Usage of Wearable Computers
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
In 2018, Myntra has acquired Witworks which allows the company to enter the wearable business
In September2022, Apple introduced Apple Watch Ultra, new bold design and a wide range of features built for endurance, exploration, and adventure. This launch helped Apple to expand its presence in wrist computers market