Studying the Global & Chinas Wearable Technology Market 2017: Key Players like Fitbit, Apple, Xiaomi, Garmin Ltd., Samsung, LifeSense etc.

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Wearable Technology refers to a broad categorization for a market that today largely contains wrist-based devices. Other gadgets include Smartglasses and Visual-Based wearables. Currently, the market is in its nascent stage globally, while there was an initial excitement around the category, recently, sales are slowing across device categories. All major players have reported a softening in demand. It is expected that the wearable technology market will grow at a CAGR of 18.9% through 2021 to reach USD 71.23 billion as compared with USD 29.92 billion in 2016.

China has a growing middle class with increasing disposable income. This coupled with the health and fitness boom is driving the wearable technology market in the country. It is projected that the fitness and sports business in China will be worth USD 800 billion by 2025.Currently, the population seems to be satisfied with reasonable priced low end wearable tech devices to satisfy their craze for health, wellbeing and fitness.

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There is room to move out of the fitness and medical market into a more mainstream consumer space. There is a lot of variability in the type and number of alerts consumers expect from their device, which leaves room for customization of devices. The more they can personalize their devices, the higher engagement a consumer feels with the wearable gadget.

Our analysts believe that the outlook for the global wearable technology is moderate while the outlook for China’s wearable technology market is bright. Companies need to come up with more innovative offerings for customers while keeping the costs down to generate interest. However, technology trends are difficult to predict and their might be a scenario where people get over their negative perceptions for the gadgets and demand picks up.

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Table of Content
1. Analyst Opinion

2. Global Wearable Technology Market
2.1 Overview
2.2 Market Statistics & Performance
2.3 Drivers
2.4 Challenges
2.5 Outlook

3. China Wearable Technology Market
3.1 Overview
3.2 Market Statistics & Performance
3.3 Drivers
3.4 Challenges
3.5 Outlook

4. Competitive Landscape
1. Fitbit, Inc.
2. Apple Inc.
3. Xiaomi Inc.
4. Garmin Ltd.
5. Samsung Group
6. LifeSense Group

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