Published on : Jan 09, 2018
Albany, New York, January 9, 2018: Market Research Hub has included a new report in its repository titled ‘Wearable Technology – US – December 2017. In this report, the scenario of wearable technology in the United States in the year 2017 has been examined in a great detail. As per this report, the year 2017 was not that encouraging for the wearable tech in the United States. However, the outlook for the wearable tech seems to be bright in the year 2019 with the growing popularity and sales of smart watches and wearables that use the LED technology. Hence, there is a great scope in the coming years in the fitness related technologies, and also the technology of VR and AR is also headed for a strong growth. It has been observed that fitness trackers dominated the wearable technology sector with fitness and health tracking remaining as the most sought-after interest areas of the consumers. In the case of smart watches, which have more functions and features as compared to the fitness trackers, but their functionality increasingly overlaps with the smartphones, and hence more expensive smart watches have not caught the imagination of the market in the United States.
Wearable Technology in the U.S.
There is no doubt that wearable technology sector is going to expand rapidly. With the introduction of several products such as smart watches, Google Glass and personal sensors, the potential of the wearable tech is immense. Such kind of technology, while extending our capabilities, have raised questions on how they will change the collective behavior of the society. Due to the highly advanced smartphone penetration in the United States coupled with the proliferation of the internet mobility, the wearable technology is going to benefit from these factors. Also, due to the increasing disposable income and the urban lifestyle that is high paced and evolving rapidly, the market for wearable tech may also receive a boost. In addition, the rising expectation of the consumers regarding the potential of the wearable tech is leading to enormous amount of R&D focusing on this upcoming area. In addition, rapid technological advancements in the arena of the wearable tech is also going to favor this market in a positive manner.
The report starts with an overview of the wearable technology market in the United States and also features an executive summary in the beginning of the report that gives the entire findings summarized in a nutshell in this section. The report gives information about ownership and intent to purchase, October 2017. The report also touches on the fact that wearable technology faces huge competition from other technological sectors. The report gives information about the sales of laptops, smartphones, tablets and televisions, 2013-17 and also provides an overview of the opportunities in the wearable technology sector in the United States. The report also gives information about the historical upgrades and intent to upgrade, October 2017 and gives data about intent to gift wearable tech, October 2017. The report also gives data about the market size and forecast about the wearable technology in the United States. It gives information on the US manufacturer shipments of wearable tech, 2011-17. In addition, the report states that the market for wearable technology in the United States is fitness dominant and prices of wearable technology devices have come about due to improvements in VR/AR.
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