Synopsis:
While wearable technology has been utilized in vertical sectors such as the military and healthcare industries 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.
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, mobile operators, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.
SNS Research estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.
The ¡°Wearable Technology Ecosystem: 2016 – 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 2016 through to 2030. The forecasts are further segmented for 7 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.
The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.
Key Findings: The report has the following key findings:
- SNS Research estimates that wearable device shipments will grow at a CAGR of 29% between 2016 and 2020. By 2020, wearable devices will represent a market worth $40 Billion with over 240 Million annual unit shipments.
- Leading smartphone OEMs, Apple and Samsung, are replicating their success in the OS powered smart watch arena with a combined market share of nearly 75%.
- As wearable device OEMs seek to minimize dependence on hardware sales, new business models are beginning to emerge, particularly in the enterprise space. For example, specialist vendors such as Catapult are offering subscription based services to sports teams, which combine wearable sensors, cloud-based software and analytics.
- SNS Research estimates that wearable devices will help mobile operators drive over $13 Billion in service revenue by the end of 2020, following a CAGR of nearly 32% between 2016 and 2020.
- The market is ripe for acquisitions of pure-play wearable technology startups, as competition heats up between consumer and vertical centric OEMs.
Topics Covered: The report covers the following topics:
- Wearable technology ecosystem
- Market drivers and barriers
- Enabling technologies and operating systems for wearable devices
- Standardization and regulation landscape
- Wearable technology industry roadmap and value chain
- Assessment of vertical market opportunities and use cases for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other verticals
- Case studies of wearable technology deployments
- Company profiles and strategies of over 440 wearable technology ecosystem players
- Wearable device vendor market share
- Prospects of smartphone OEMs and wireless chipset suppliers in the wearable technology ecosystem
- Impact of 5G, NB-IoT and LTE Direct on wearable technology
- Strategic recommendations for enabling technology providers, wearable device OEMs, vertical market players, application developers and mobile operators
- Market analysis and forecasts from 2016 till 2030
Forecast Segmentation: Market forecasts are provided for each of the following submarkets and their categories:- Vertical Submarkets
- Consumer
- Healthcare
- Professional Sports
- Retail & Hospitality
- Military
- Public Safety
- Others
- Form Factor Submarkets
- Smart Bands
- Smart Watches
- Smart Glasses
- Smart Clothing
- Smart Jewelry
- Heads-up Displays
- Others
- Regional Markets
- Asia Pacific
- Eastern Europe
- Latin & Central America
- Middle East & Africa
- North America
- Western Europe
- Country Markets
- 73 Country level markets: Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela and Vietnam
Key Questions Answered: The report provides answers to the following key questions:
- How big is the wearable technology ecosystem?
- How is the ecosystem evolving by segment and region?
- What will the market size be in 2020 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Who are the key wearable device vendors and what are their strategies?
- How much are vertical enterprises investing in wearable devices?
- What opportunities exist for wireless chipset suppliers in the wearable technology ecosystem?
- How can mobile operators capitalize on the growing popularity of smart watches, fitness bands, smart glasses and other wearable devices?
- Which countries, regions and verticals will see the highest percentage of wearable device shipments?
- Which sports category will see the highest level of wearable technology integration?
List of Companies Mentioned: The following companies and organizations have been reviewed, discussed or mentioned in the report:
270 Vision 3L Labs 4DForce 4iii Innovations 9Solutions Abbot Laboratories Acer AcousticSheep Active Mind Technology Adidas AGPtek AirType Alcatel Amazon Ambit Networks AMD (Advanced Micro Devices) Amiigo Amulyte Aplus Appirio Apple ARA (Applied Research Associates) Arc Wearables Archos ARM Holdings Arrow Technologies Arubixs ASUS (ASUSTeK Computer) AT&T Atellani Atheer Labs Atlas Wearables Augmendix Avegant AVG BAE Systems Baidu Barclays Basis (Basis Science) Beddit Behavioral Technology Group Bellabeat BI (GEO Group) BIA Sport Biosensics BIT (Blue Infusion Technologies) Bitbanger Labs Blocks Wearables Bmorn bOMDIC Bondara (Nagook) Boston Scientific Corporation BRAGI Breitling Brilliantservice Broadcom Brother Industries BSX Atheletics BTS Bioengineering Bulgari Caeden Cambridge Temperature Concepts Casio Catapult Sports Chronos Wearables Circle Garage Citizen Cityzen Sciences Codoon CommandWear CompeGPS Connect America ConnecteDevice Control VR Cooey Cool Shirt Systems Cordon Creoir CSR Cuff Cyberdyne DAQRI Dell Dexcom Dialog Semiconductor DIGICare Technology Digitsole Disney DK Tek Innovations DorsaVi (ASX) Dreamtrap Commercials Dubai Police Ducere Technologies EB Sport Group Ekso Bionics Electric Foxy Emanuel Ungaro Emotiv Systems Empatica Enjoy S.R.L Epson (Seiko Epson Corporation) EuroTech Evena Medical Everfind Exelis Exetech EyeTap Facebook FashionTEQ Fat Shark Fatigue Science FiiSmart Filip Technologies Finis FitBark Fitbit Fitbug FitLinxx Flextronics Florida State University Flyfit Force Impact Technologies Fossil Group FOVE Foxtel Free Wavz Fujitsu Garmin GEAK (Shanda Group) Gemalto General Dynamics Mission Systems Geopalz GestureLogic Ginger.io GlassUp Glofaster GN Store Nord Google GoPro GOQii Gucci Guess HealBe HereO Hexoskin (Carre Technologies) Hollywog Honeywell International House of Horology Hövding HP (Hewlett-Packard Company) HTC Huawei i.am+ i¡¯m SpA i4C Innovations iBerry ICEdot ICON Health and Fitness IDENTEC GROUP iHealth Labs iLOC Technologies Imagination Technologies Imec Immerz IMU (I Measure U) Ineda Systems InfinitEye Innovega Instabeat Intel Corporation InteraXon Intex Technologies InvenSense Iotera iRhythm Technologies Iron Will Innovations Jaguar Land Rover Japanese Institute of Advanced Media Arts and Sciences Jarden Corporation Jawbone Jaybird JINS (JIN CO.) Johnson & Johnson Joyray Technology Kairos Watches Kapture KeldD Ki Performance Kinderl Kinematix Kiwi Wearable Technologies KMS Solutions Kokoon Kopin Corporation KoruLab Kreyos Kronoz Kuaiwear L-3 Communications Lark Technologies Laster Technologies Leaf Healthcare LeapFrog Enterprises Lenovo Lepow LG Electronics LifeBEAM LifeLogger Technologies Corporation Limmex Lineable Linkitz Liquid Image Livall Lockheed Martin LogBar LOSTnFOUND Lumafit Lumo BodyTech Lumos Lumus Luxottica Lycos Lyle & Scott Mad Apparel Magellan (MiTAC Digital Corporation) MainTool Martian Watches Matilde Mattel MC10 McLear MediaTek Medibio Medtronic Melon Merge Labs META Meta Watch Micromax Informatics Microsoft Corporation MindStream Mio Global Mira Misfit Moff Mondaine Watch Mondevices Montblanc Moov MOTA Moticon Motion Fitness Motorola Mobility Movable Mozilla Corporation Mutalink Mutewatch Myontec Narrative Nautilus Neptune Netatmo NeuroPro NeuroSky New Balance Neyya Nike Nintendo Nissan Nixie Labs Nixon Nod Nokia Notch Interfaces Now Computing NTT DoCoMo Nuance Communications Nuubo NVIDIA Corporation NXP Semiconductors Nymi NZN Labs OAXIS Oculus VR ODG (Osterhout Design Group) Olio Devices Olive Labs Omate OMG Life Omron OMsignal Opening Ceremony Oppo Optalert Optinvent OrCam Technologies OriginGPS Orion Labs Orpyx Medical Technologies O-Synce ŌURA Owlet Baby Care Panasonic Corporation Paris Miki Holdings Pebble Perceptive Devices Performance Sports Group Perpetua Power Source Technologies PFO Tech PHTL (PH Technical Labs) Phyode Pivotal Corporation Pivothead Pixie Scientific Plantronics Playtabase PNI Sensor Polar Electro PragmaSystems Preventice Solutions Proteus Digital Health Pulse PUSH Qardio Qualcomm Ralph Lauren Raytheon Razer Recon Instruments Reebok International Rest Devices ReVault Revolutionary Tracker RHLvision Technologies Ringblingz Ringly RSL Steeper Group Rufus Labs Runtastic S3 ID Salesforce.com Salutron Samsung Electronics Sarvint Technologies Secret Labs Seiko Holdings Corporation SenseCore Sensegiz Technologies Sensible Baby Senso Solutions Sensoplex Sensoria Sentimoto Seraphim Sense Shenzhen Glory Union Electronic Company ShiftWear Shimmer ShotTracker Si14 SIGMA-ELEKTRO Sigmo Simple Matters Skully Systems SmartCap Technologies (EdanSafe) SmartQ Smarty Destination Technology Smarty Ring SMI (SensoMotoric Instruments) SMS Audio Snapchat Snaptracs Snowpow (Shenzhen Snopow Outdoor Technology) Somaxis Sonitus Medical Sonostar Sony Corporation Sotera Wireless Soundbrenner SparkPeople Spice Mobiles Spire Sports Beat SpotNSave Spree Wearables Sproutling Sqord Stalker Radar (Applied Concepts) Starbreeze Studios STATSports STMicroelectronics Striiv SunFriend Corporation Suunto sWaP Swatch Group T.Ware Tag Heuer Tarsier TASER International TCL Communication Technical Illusions Tencent Thalmic Labs Theatro Thimble Bioelectronics TI (Texas Instruments) Timex Group TLink Golf TN Games Tobii Technology Tomoon Technology TomTom Touch Bionics TrackingPoint Trivoly Technology Two Tin Cans U.S. Department of Defense U.S. FDA (Food and Drug Administration) U-blox Under Armour Uno Valencell Validic (Motivation Science) Valve Corporation Vancive Medical Technologies (Avery Dennison Corporation) Veari Vector Watch Vergence Labs Victoria¡¯s Secret Vigo Vinaya Technologies Virgin Atlantic VSN Mobil Vuzix Wahoo Fitness Watcher Enterprises Wather Enterprises We:eX (Wearable Experiments) Wearable Intelligence Weartrons Labs Wellograph Whistle Whoop WiseKey Withings WorldSIM WTS (Wonder Technology Solutions) X-Doria (Doria International) Xensr Xiaomi Xmetrics XO Eye Technologies XOWi Xybermind YEI Technology Yingqu Technology Zackees Zebra Technologies ZEISS Zephyr Technology Corporation Zepp Labs ZGPax (Shenzhen PGD Digital Technology) Zinc Software Zoll Medical Corporation ZTE Corporation
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