North America Smart Wearables Market Overview:
This North America Smart Wearables market study’s purpose is to give an overview of the North America Smart Wearables market as well as extensive market segmentation based on connection type, end-use, and geography. The report includes vital information on the market positions of the major North America Smart Wearables companies, as well as notable industry trends and prospects.
During the forecast period, the North American smartwatch market is expected to rise at a CAGR of 9.57 percent. The growth of the North American Smart Wearable market is being fueled by increased smartphone penetration and rising public awareness about personal health and fitness. In addition, smart wearables with unique features like monitoring, notifications, and connection have piqued consumer attention in recent years.
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North America Smart Wearables Market Dynamics:
The smart wearable market in the United States is looking promising, with the number of linked wearable devices in North America estimated to reach 439 million by 2022. In 2022, North America is expected to have the most 5G connections made through wearable devices. The 439 million connections in North America would be 222 million higher than the 4G connections made in 2017.
During the forecast period, AT&T, Verizon, and T-Mobile will roll out 5G across the United States, resulting in a large increase in linked devices in the home, car, and human body. With speeds possibly 100 times quicker than ordinary 4G, the new standard will dramatically improve the smartwatch’s streaming and downloading capabilities. The market has a lot of potential because to the current trend of self-contained smart wearables that don’t rely on smartphone connectivity.
North America Smart Wearables Market Segmentation:
The North American smart wearables market is divided into segments based on application, including consumer electronics, enterprise and industrial applications, healthcare, and others. The consumer electronics sector is predicted to account for more than 45% of sales in North America. Fitness and sports, clothing and fashion, infotainment and multimedia, multifunction, and many other uses are all possible with consumer electronics. Industry participants are focusing their efforts on creating gadgets that let users keep track of their working hours because consumer demand for wearable consumer electronics is rising. The range of remote health monitoring has been expanded, enabling patients and clinicians to communicate more effectively. This has been made possible by the rising popularity of wearable technology and health apps as well as technical advancements.
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North America Smart Wearables Market Key Players:
- Fitbit Inc. (U.S.)
- Fossil Group Inc. (U.S.)
- Garmin Ltd. (U.S.)
- Google LLC (U.S.)
- Microsoft Corporation (U.S.)
- Qualcomm (U.S.)
- Jawbone (U.S.)
- Motorola Solutions Inc. (U.S.)
- Nike (U.S.)
COVID-19 Impact Analysis on North America Smart Wearables Market:
Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the North America Smart Wearables market and will assist you in developing your business in accordance with the new industry standards.
About Stellar Market Research:
Stellar Market Research is a market research and consulting firm that provides syndicated and custom research reports in addition to consulting services. The main goal of the company’s products is to assist businesses in identifying, focusing on, and analysing changes in consumer behaviour across demographics and industries to assist them in making better business decisions. In order to provide relevant and fact-based research, the company conducts market intelligence studies in a variety of industries, including healthcare, touch points, and energy. With experience in many different industries, Stellar Market Research has a sizable staff of highly qualified analysts. Clients can gain a competitive advantage over their rivals thanks to the company’s subject-matter expertise and capacity to provide a workable solution to any research problem.
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