Portable Computing Devices Market Projection by Technology,
Wearable Computing Devices Market 2022
Wearable Computing Devices Market 2022
Portable computing devices are computing devices that are carried by a user. It includes clothes, glasses, watches and shoes. These portable computing devices are used to take and view photos and videos. They are also able to read text messages and emails and respond to voice commands. These devices also play a central role in heart rate monitoring and logic calculation.
The global wearable computing device market is categorized based on various consumer and non-consumer applications. Consumer applications segment is further sub-segmented into activity trackers, smart glasses, wearable cameras, smart wearables, smart watches and gaming devices. Non-consumer applications segment is further divided into healthcare, industry and defense.
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Geographically, North America and Europe are dominating the global wearable computing device market owing to the increased awareness among people about these devices. People’s increased awareness of wearable computing technology has increased the adoption rate of these devices in the region. The United States is the largest market for portable computing devices, followed by Canada in North America.
In Europe, France, Germany, Spain, and the United Kingdom hold a large share of the wearable computing device market. However, Asia is expected to exhibit high growth rates over the next five years in the global wearable computing device market. China and India are expected to be the fastest growing wearable computing device markets in Asia.
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In recent times, the advanced features of these devices are a key driver for the global wearable computing device market. Advanced features, such as lightness and data monitoring applications, are driving end users to adopt portable computing devices. Additionally, technological advancements in material science and information technology have also fueled the growth of the global wearable computing device market.
However, the high cost of wearable devices and privacy concerns are some of the major restraints for the global wearable computing device market. Additionally, lesser battery backup of these devices also hampers the growth of the global wearable computing device market.
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Some of the major companies operating in the global wearable computing device market are Contour, GoPro, NanoSonic, Weartech, Textronics, Himax Technology, Invensense Inc., CSR plc., Zephyr Technology Corporation, Smart Life Technology Co., Ltd., Silicon Micro Display, AiQ Smart Clothing Inc., Apple Inc., Ascension Technology Corporation, Carl Zeiss Inc., Casio Computer Company Ltd., GE Healthcare, Medtronic Inc., Siemens Healthcare and Samsung Electronics.
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