Wearable materials and technologies such as smart watches, fitness tracking devices, heart rate monitoring devices, are driving the market. Wearable technology can pick up phone calls and send texts, track fitness and overall health has become a big thing and the demand for such devices have skyrocketed over the last few years. Growing health conscious population and the rise in several diseases related to cardiovascular health and other factors such as low haemoglobin (HB) is driving the smart wearable technology market. Wearable materials offer connections where we can connect our smartphones as well as laptops, through Bluetooth. People now a days are searching for devices which can be easily fitted on their body, track the work out sessions, without falling off the body and give access to what is going inside their body owing to which the demand for wearable materials is expected to grow over the forecast period.
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Key Market Drivers and Restraints:
Growing demand of wearable and portable electronics devices is driving the wearable materials market
With the growing Internet of Things (IOTs) and digitalization, new wearable gadgets such as such as head mounted displays with virtual and augmented reality, fitness trackers, and smart watches are being launched for every single part of the body, where every task can be recorded. Fitness companies such as Sensoria have started manufacturing smart running socks which can track the wearer’s running data such as speed, time, distance and other aspects. Some experts even predict that these technologies might replace our smartphones in the future, as they are better, harmless and more efficient as compared to smartphones.
Most of the wearable materials are made up of fabrics such as silicone, which are durable and breathable, and offer other properties such as better adhesion, permeability, transparency, and properties which meet the requirements of several wearable devices. A growing demand and changing consumer’s choices for stylish wearable devices with advanced functionality is estimated to drive the wearable material market growth in the coming years.
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Companies are now focusing on designing printed materials for wearable electronics and smart fabrics to meet reasonable cost, versatility and comfort requirements of the consumers. Many devices such as Fitbit wristbands are made of latex-free elastomer material, which is flexible, and lightweight, and is being used with several other fitness and health related sports bands. Additionally, many players and researchers are concentrating on developing smart clothing which can conduct electricity in a better way and is made up of flexible and breathable material. These clothes are produced using special process of electro-spinning which conglomerates the polymer fibres with small silver wires in a liquid form after which it is filtered, dried and heated. These materials can also withstand the wear and tear of daily use.
Key Application:
Growing demand for consumer electronics in wearable materials market
The wearable material market is primarily driven by the rise in the demand for portable, small and compact consumer electronics specially wellness and fitness trackers. This is majorly driven by the growing awareness of health among the young population, who want to stay updated on what’s going on inside their bodies and how much of physical activity is being conducted by them on a daily bases. Silicone based wearable material is experiencing a high demand as it is biocompatible and is used for peel and stick applications. Additionally, the use of biomedical grade silicones for wearable medical devices is expected to boost the market in the coming years.
There are new and upcoming fabric materials which are being tested by the researchers, which will be able to generate energy from sunlight and physical movements, which is expected to give the wearable materials market a significant boost. Furthermore, Purdue University has recently developed a smart paper-based patch which can monitor dehydration in the human body, which is projected to increase the demand in the healthcare industry. Companies such as DuPont have industrialized a wide range of flexible materials specially made for wearable technology. These materials can also be washed in a normal washing machine and are detergent resistant, particularly made up of silver and dielectric inks.
Regional Market Scenario:
Asia-Pacific will lead the growth in this market
The growth in the Asia-Pacific region is mainly driven by China and India and is projected to lead the market with the highest CAGR during the forecast period. Growing health-conscious population, rising disposable income, increasing innovations in technology and digitalization is mainly driving the wearable material market in the region. Additionally, the growing advantages of wearable materials in the healthcare industry is expected to drive the growth of this market. There is a high demand for skin-worn wearable devices, as these wearables have such close contact with the human body that they frequently pick up very delicate signals from the muscles and organs.
These devices are useful for end uses where a high level of data accuracy is required and also makes them ideal for activity monitoring, and cardiac applications. Wearable devices and materials have a great potential which could result in a ground-breaking non-clinical method to diagnosing disease and health monitoring. Such devices also opens up possibilities for delivering supplements and medications to the patients without human contact which is expected to drive the wearable material market over the forecast period.
Key Market Players
BASF
Dow
DuPont
Wacker Chemie AG
DSM
Arkema
Eastman Corporation
Shin-Etsu
Elkem
Momentive Performance Materials
Lubrizol
Sensoria
Others
Market Segments: Wearable Materials Market
By Type
Silicones
Polyurethanes
Fluoroelastomers
Others
By Application
Consumer Electronics
Medical
Industrial
Others
By Region (tentative)
North America
US
Canada
Europe
Germany
France
Italy
UK
Asia Pacific
China
India
Japan
South-East Asia
The Middle East and Africa
Saudi Arabia
South America
Brazil
Key Sources
Industry Associations
Company Annual Reports
Company Websites
Key industry leaders
Others
Key Questions Answered
What are the key growth regions and countries?
What are the important types and technologies being used?
What are the market players doing, in terms of research and development?
Which are the new applications for this market?
What are the integrations happening?
What are the recent news, developments, mergers, or large value deals?
Key Stakeholders
Raw material suppliers
Paper chemical manufacturers
Chemical suppliers
Regulatory Authorities
Research and Innovation Organizations
Suppliers and Distributors
Other Channel Partners
Quality Control Organizations
Environmental Authorities
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About Us
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code - Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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The research includes several basic steps which we will scrutinize later.
Audience analysis benefits Helps define the functionality setWhen you already have chosen the group of people that theoretically will want to pay for your mobile app, you can make a development plan, which includes the list of features of your future application.
The application needs to include the ability to send photos, videos and voice messages.
There are lots of options and when you understand the needs and preferences of your target audience, you can easily pick the one, that will bring you the most money and wont annoy users.
For instance, if you create an app for young mothers, the ads about baby products wont irritate customers and will interest them.
Understanding of who is your target audience, how old he or she is, where they live, what their income is, you can see what adjustments are needed to be done to launch a perfect software solution for your customer.
Market Scenario:Wearable computing is the study and practice field of innovation, creation, and production of small scale body-borne computational and sensory devices.
Therefore, humanistic intelligence can evolve the technology and could encourage to be implanted inside the body.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5375Wearable computing can be devised for various industrial verticals such as defense & security, home automation, medical & healthcare, enterprise & industrial, fitness & wellness, infotainment, gaming and other applications.
Healthcare & medical and fitness & wellness are expected to have a significant growth over the next few years.
This is due to increasing health awareness among the young generation.
For instances, fitness-oriented wristbands from Fitbit and Xiaomi are the most popular wearable is expected to be overshadowed by watches equipped by fashion brands and which can be readily compatible with internet without syncing to smart gadgets such as smartphones.Surging adoption of smart watches and wristbands in the consumer market and increasing interest for communication, networking, and recognition technologies for wearable is expected to drive the Wearable Computing Market over the forecast period.On the other hand, the high power consumption and restricted usage of the battery life is expected to hinder the growth of wearable computing over the review period.The global wearable computing is expected to reach approximately USD 35 Billion by 2023 growing at a 15% CAGR over the forecast period 2017-2023.Segmentation:The wearable computing is differentiated by technology, product and end user.Based on technology, the wearable computing market is sub-segmented into display technologies, networking technologies, and other technologies.
The display technologies sub segment consists of augmented reality and virtual reality.
By launching a mobile application, you become part of a global market estimated in the billions of dollars.
Define the target audience for a new mobile app based on its type
Before you define your target audience, consider the category your application belongs to, since this can significantly narrow the search and help you to identify your ideal target customer from the first attempt.
- Entertainment
- Travel
- Business
- Social applications
- Food
- Sports
- Education
- News
- Shopping
- Games
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