1. Page 66visiongain.com
Wearable Technology Market 2018-2028:
Forecasts and Analysis by Product Type (Wristwear, Headwear, Bodywear),
Application (Consumer Electronics, Healthcare, Enterprise & Industrial, Others)
and Geography, with Analysis of Leading Companies
Figure 5.11 Other Applications Submarket Value Forecast 2018-2028 (USD
Billion, AGR %)
Source: Visiongain 2018
Figure 5.12 Others Submarket Market Value Share 2018, 2023, 2028 (%)
2018 2023 2028
Source: Visiongain 2018
12.60%
12.80%
13.00%
13.20%
13.40%
13.60%
13.80%
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
AGR(%)
Value($Bn)
Year
Others AGR(%)
2. Page 88visiongain.com
Wearable Technology Market 2018-2028:
Forecasts and Analysis by Product Type (Wristwear, Headwear, Bodywear),
Application (Consumer Electronics, Healthcare, Enterprise & Industrial, Others)
and Geography, with Analysis of Leading Companies
6.4.4 India
The wearable technology market in India is estimated at $ 0.51 Billion in 2017 which is estimated to
rise to $ 2.46 Billion in 2028. The Indian wearable technology market is predicted to grow at a CAGR
of 15.4% between 2017 and 2028. The wearable technology industry in the India accounts for a
12.60% share of the Asia-Pacific market in 2017.
The demand for wearable technology is significantly increase in the Indian market with the economy
growing rapidly. High spending power, increased health and awareness, growing demand of
technology products are some of the factors that drive growth of wearable technology market in
India.
Figure 6.14 Wearable Technology Market Size in India, 2018-2028 (US$bn, AGR %)
Source: Visiongain 2018
14.90%
15.00%
15.10%
15.20%
15.30%
15.40%
15.50%
15.60%
15.70%
15.80%
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
AGR(%)
Value($Bn)
Year
India AGR(%)
3. Page 105visiongain.com
Wearable Technology Market 2018-2028:
Forecasts and Analysis by Product Type (Wristwear, Headwear, Bodywear),
Application (Consumer Electronics, Healthcare, Enterprise & Industrial, Others)
and Geography, with Analysis of Leading Companies
6.6.2 Brazil
The market size of the wearable technology in Brazil is estimated at $ 0.63 Billion in 2017, which is
likely to increase to $ 2.41 Billion in 2028. The CAGR is expected to be 13% between 2017 and
2028. The market share of the wearable technology in brazil is expected to be 35% of the total ROW
maket in 2018.
The wearable technology market in Brazil is still at a very nascent stage. It is expected to step up in
a span of next five years. The Brazilian economy is still trying to find its feet in the health industry
and constant investments are being made towards the growth of the industry. Furher, the Enterprise
and Industrial segmet is expected drive consumption of wearable technology in this sub market.
Figure 6.25 Wearable Technology Market Size in Brazil, 2018-2028 (US$bn,
CAGR %)
Source: Visiongain 2018
12.50%
12.60%
12.70%
12.80%
12.90%
13.00%
13.10%
13.20%
13.30%
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
AGR
Value($Bn)
Year
Brazil AGR