kap 7 water polo balls Global Wearable Electronics Market 2018
The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. These devices are a key segment of loT devices, and they can exchange data through internet with the user and other connected devices. loT overall is a network of physical objects interconnected through various network technologies. The latest trend gaining momentum in the market is growing crowdfunding campaigns. There are several vendors in the wearable electronics market. Few of the prominent vendors are startups. These companies were backed by several venture capitalists. There is high support in terms of investments through crowdfunding platforms such as Indiegogo, GoFundMe, and Kickstarter. Multiple vendors in the wearable electronics market have adopted crowdfunding to raise funds for their projects.
This also helped increase awareness among potential customers and provided many opportunities to small vendors to innovate and succeed in stiff competition. The wearable electronics market in APAC is expanding due to the proliferation of low cost smart bands in this region and a decline in their ASP. Increasing disposable income and internet penetration are encouraging wearable device vendors to tap the growth potential of the market in the region.
Growing crowdfunding campaignsIntegration of haptic technology in smart watchesGrowing developer interest in AR and VR appsKey vendors.