Wearable Fitness Technology Market by Product (Smartwatch, Wristband, Shoe, Shirt, Headband), Category (Handwear, Torsowear, Legwear, Headwear), Component (Display, Processor, Memory, Power, Networking, Interface, Sensor) & Geography - Global Forecast to 2022
Report Summary : “Increasing awareness about fitness and rise in disposable incomes in developing economies is driving the market” The wearable fitness technology market is expected to reach USD 12.44 billion by 2022, at a CAGR of 13.7% between 2016 and 2022. There is an increasing demand for wearable fitness technology products such as wristbands and smartwatches because of consumer preference for smart gadgets, increasing popularity of wearable fitness and medical devices, increasing awareness about fitness, and a rise in disposable incomes in developing economies. In the process of determining and verifying the market size for several segments and sub-segments gathered through the secondary research, extensive primary interviews were conducted with key people. Breakup of the profile of primary participants is given below: • By Company Type: Tier 1 – 35%, Tier 2 – 40% and Tier 3 – 25% • By Designation: C-level – 35%, Director level – 25%, Others – 40% • By Region...