According to the market research report released by Technavio, the global batteries market for smart wearables is expected to accelerate at a CAGR of nearly 28% during the forecast period. The rising capital for product development via crowdfunding campaigns is one of the key factors triggering the growth of the market.
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According to the market research report released by Technavio, the global batteries market for smart wearables is expected to accelerate at a CAGR of nearly 28% until 2022. (Graphic: Business Wire)
This research report titled 'Global Batteries Market for Smart Wearables 2018-2022' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global batteries market for smart wearables into the following products:
- Li-ion battery
- Li-Po battery
In 2017, the Li-ion battery segment accounted for 55% of the global market and is projected to reach 56% by 2022, exhibiting almost 1% increase in market share.
Global batteries market for smart wearables: An emerging trend
The increasing product category options in the smart wearables category is an emerging trend in the smart wearables market space. The availability of products in the smart wearable category has expanded to a whole new dimension. Gizmos ranging from wrist wearables to apparels and gears have been launched in the past few years, making these the top items in the wishlist of tech enthusiasts. The growing emphasis on health has driven the demand for smart wearables.
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Technavio's report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Batteries Market for Smart Wearables Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (Li-ion battery and Li-Po battery)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Enfucell, Guangzhou Fullriver Battery New Technology, LG Chem, Panasonic, and Samsung SDI)
About Technavio
Technavio is a leading global technology research and advisory 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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20181017005923/en/
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