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NEW YORK, Aug. 8, 2022 /PRNewswire/ — The “Wearables Market in US” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the wearables market in the US between 2021 and 2026 is USD 6.85 billion. To get the exact yearly growth variance and the YOY growth rate, Talk to our analyst.
- Market Driver
- Market Challenges
The increased desire for wearable electronic devices for payment is one of the major drivers fueling the wearables industry expansion in the US. To enable contactless payment by a simple tap and pay via a POS (point of sale) terminal, manufacturers of wearable electronic gadgets are implementing Near-field communication (NFC) technology as a standard in most devices. The growing acceptance of contactless payment in the US is responsible for this method’s rising popularity. Although factors such as increasing concerns over data security and privacy may impede the market growth
To learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample Report right now!
The wearables market in the US is segmented by Product (Smartwatches, Wireless headphones, HMDs, Smart bands, and Others) and Distribution Channel (Online and Offline).
The smartwatch sector will significantly increase its wearables market share in the US. The rise in demand for smartwatches in developing nations like China, South Koreaand India is ascribed to a significant improvement in consumer choices and lifestyles, particularly among the middle-class population.
- Product
- Smartwatches
- Wireless Headphones
- HMDs
- Smart Bands
- Others
- Distribution Channel
- Online
- Offline
Download the sample report for additional…
Full story available on Benzinga.com
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