While wearable technology has
been utilized in vertical sectors such as the military and healthcare for many
years, ongoing advances have triggered a major resurgence of the concept,
particularly among the consumer community. Key enabling technologies including
low cost sensors, wireless connectivity, active materials and energy have
converged to make wearable technology mainstream.
With the continued miniaturization
of enabling technologies, wearable devices have hit the mass market in a
diverse variety of form factors, ranging from glasses to even jewelry.
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Driven by the ability to
interconnect with key modern trends of healthcare, fitness, messaging and
socialization, the wearable technology ecosystem is attracting significant
levels of interest. Companies as varied
as smartphone OEMs, wireless carriers, health insurers and retailers are
circling the ecosystem alongside tiny startups, all vying for a stake.
SNS Research estimates that by
2016, wearable device shipments will surpass 140 Million and will account for
nearly $30 Billion in revenue. The market is further expected to grow at a CAGR
of 30% over the next five years.
The “Wearable Technology
Ecosystem: 2015 – 2030 – Opportunities, Challenges, Strategies, Industry
Verticals & Forecasts” report presents an in-depth assessment of the
wearable technology ecosystem including key market drivers, challenges,
investment potential, consumer & vertical market opportunities, use cases,
future roadmap, value chain, case studies, vendor market share and strategies.
The report also presents forecasts for wearable device shipments and revenue
from 2015 through to 2030. The forecasts are further segmented for 7 device
form factor submarkets, 7 vertical markets, 6 regions and 73 countries.
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