US Portable Devices Market 2021-2026, Growing Preference for Electronic Devices for Portable Payment Devices to Drive Market Growth

Key Market Dynamics:

  • Market driver
  • Market challenges

The increased desire for wearable electronic payment devices is one of the main drivers fueling the expansion of the wearables industry in the US. To enable contactless payment with a simple touch and payment through a POS terminal (point of sale), manufacturers of wearable electronic gadgets are implementing Near Field Communication (NFC) technology as standard in most devices. The increasing adoption of contactless payment in the US is responsible for the growing popularity of this method. Although factors such as growing concerns about data security and privacy may hinder market growth

To learn about additional key drivers, trends and challenges available with Technavio. Read a FREE sample report right now!

The US wearables market is segmented by product (smartwatches, wireless headsets, HMDs, smartbands, and others) and distribution channel (online and offline).

The smartwatch sector will significantly increase its wearables market share in the US. The increasing demand for smart watches in developing countries such as China, South Koreaand India attributed to a significant improvement in consumer choices and lifestyles, particularly among the middle-class population.

  • Product
    • Smart watches
    • Wireless Headphones
    • HMDs
    • Smart bands
    • others
  • Distribution channel

Download the sample report for further insight into the contribution of all segments and regional opportunities in the report.

Some companies mentioned with their offers

The increasing competition in the market forces the providers to adopt various growth strategies such as promotional activities and advertisement expenditure to improve the visibility of their services. Some suppliers also adopt inorganic growth strategies such as mergers and acquisitions to remain competitive in the market.

The report analyzes the competitive landscape of the market and offers information on several vendors in the market, including:

    • Alphabet Inc.
    • Apple Inc.
    • Fossil Group Inc.
    • Garmin Ltd.
    • Huawei Investment and Holding Co. Ltd.
    • Lenovo Group Ltd.
    • LG Electronics Inc.
    • Motorola Mobility LLC
    • Samsung Electronics Co. Ltd.
    • Sony Group Corp.

Related reports:

Managed Cloud Services Marketplace by End User and Geography – Forecast and Analysis 2022-2026: The managed cloud services market share is expected to grow to USD 52.62 billion from 2021 to 2026, and the market growth rate will accelerate at a CAGR of 10.37%.

Crypto wallet market on Service and Geography – Forecast and Analysis 2022-2026: The market share of crypto wallet is expected to increase to USD 686.05 million from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 24.19%.

Scope of the US wearables market

Report coverage

Details

Page number

120

Base year

2021

Estimated period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 8.92%

Market Growth 2022-2026

$6.85 billion

Market structure

Torn apart

Year-on-year growth (%)

6.99

The competitive environment

Leading companies, competitive strategies, scope of consumer engagement

Key companies profiled

Alphabet Inc., Apple Inc., Fossil Group Inc., Garmin Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., LG Electronics Inc., Motorola Mobility LLC, Samsung Electronics Co. Ltd. and Sony Group Corp.

Market dynamics

Major market analysis, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, analysis of the impact and recovery of COVID-19 and future consumer dynamics, and analysis of the state of the market for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Search for Technavio “Information Technology“Research Reports

Content

Executive summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Sizing the market

  • Market definition
  • Market segment analysis
  • Market Size 2021
  • Market Outlook: Forecast 2021 – 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market segmentation by products

  • Market segments
  • Comparison by product
  • Smart Watches – Market Size and Forecast 2021-2026
  • Wireless Headphones – Market Size and Forecast 2021-2026
  • HMDs – Market Size and Forecast 2021-2026
  • Smart Bands – Market Size and Forecast 2021-2026
  • Others – Market Size and Forecast 2021-2026
  • Market opportunity by product

Market segmentation by distribution channel

  • Market segments
  • Comparison by distribution channel
  • Online – Market Size and Forecast 2021-2026
  • Offline – Market Size and Forecast 2021-2026
  • Market opportunity by distribution channel

Customer landscape

  • Customer landscape
  • Market engines
  • Market challenges
  • Market trends

Supplier landscape

  • Supplier landscape
  • Disruption of the landscape

Supplier Analysis

  • Covered Providers
  • Market positioning of suppliers
  • Alphabet Inc.
  • Apple Inc.
  • Fossil Group Inc.
  • Garmin Ltd.
  • Huawei Investment and Holding Co. Ltd.
  • Lenovo Group Ltd.
  • LG Electronics Inc.
  • Motorola Mobility LLC
  • Samsung Electronics Co. Ltd.
  • Sony Group Corp.

Application

  • Scope of the report
  • Exchange rates for US dollars
  • research methodology
  • List of abbreviations

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media and Marketing Executive
USA: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

SOURCE Technavio

Leave a Comment

Your email address will not be published.