6 February 2019, The global wearables market is anticipated to witness significant growth in the coming years owing to high adoption of smart phones and increasing mobile applications.
These devices also assist to track several parameters, such as total calories burnt, blood pressure, and heart rate.Moreover, numerous ongoing innovative projects in electronics and healthcare sector are expected to stimulate the market growth.
Growing preference for smartwatches over analog devices is expected to drive the market in coming years.
In addition, data security concerns, and limited battery life and durability are likely to challenge the market in future.Different types of wearable devices include smartwatches, activity monitors, smart clothing, and patches.
Activity monitors hold a prominent share in the market owing to inactive and unhealthy lifestyle of people, growing occurrence of lifestyle diseases, and rising awareness regarding health and fitness among consumers.
Sport and fitness is a leading application owing to growing focus on physical fitness among individuals to improve quality of life.North America is one of the leading regions in the market followed by Europe.