The Business Research Company’s latest report Smart Wearables Global Market Report 2020 covers Smart Wearables market drivers, Smart Wearables market trends, Smart Wearables market segments, Smart Wearables market growth rate, Smart Wearables market major players, and Smart Wearables market size. The report provides in-depth analysis of the impact of COVID-19 on the Smart Wearables industry, along with revised market numbers due to the effects of the coronavirus.
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Smart Wearables Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global smart wearables market is expected to grow from $13.2 billion in 2019 to $16.12 billion in 2020 at a compound annual growth rate (CAGR) of 22.37%. The growth is mainly due to the COVID-19 outbreak that has led to that has increased sales of smart wearables that help trace the contact for COVID-19. The market is then expected to reach $24.5 billion in 2023 at a CAGR of 15.05%.
The report covers the Smart Wearables market’s segments-
1) By Devices: Smartwatches, Smart Glasses, Fitness & Wellness Devices, Smart Clothing, Others.
2) By Application: Lifestyle, Healthcare, Consumer Applications, Defense, Fitness & Sports, Enterprise & Industrial.
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