Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Wearable Electronics is projected to reach US$61.4 billion by 2025, driven by the availability of inexpensive sensors, miniaturized yet powerful microchips and processors, low-power lighter electronic components, evolving app ecosystem and the resulting expansion of applications addressed by wearable products and services. After smartphones and tablets, smart wearables is the new innovation taking the technology to a fevered pitch in the consumer electronics industry. These tiny devices hold the potential to replace smartphones, make the many benefits of digital health real and achievable, enable the rise of hyper-connected interactive enterprises, and make clothing smart, fashionable, functional and comfortable. Benefits of wearables devices include lightweight, extreme portability, durable, easily transportable, convenience, ease-of-use and comfort. Smartwatch is the most popular form and dominant factor for wearables. Other evolving new designs include s...

The global market for Wireless Headphones is projected to reach US$9.1 billion by 2025, driven by the astounding rise in smartphone ownership supported largely by technology usage rates in emerging economies. Access to 4G is today almost ubiquitous in both developing and developed countries. Smartphone penetration has virtually hit saturation in developed countries. Taking the United States as a case in point, the number of smartphone users in the country in the year 2019 was an estimated 270.3 million, and when juxtaposed with the country’s population at 329. 8 million shows a penetration rate of over 82%. In developing countries, penetration rates are continuing to grow at robust double digit rates supported by falling mobile voice and data tariff rates; robust investments in 4G mobile networks; falling semiconductor prices and declining cost of smartphones; rising popularity of ultra-low cost smartphones; rapidly evolving app ecosystem; and digitalizing of lifestyles. Wireless h...